Tariffs: How they work, who pays for them and why Trump loves them
- Posted on February 6, 2025
- By CNBC
- 3 Views
![](https://image.cnbcfm.com/api/v1/image/108097343-17387027792025-02-04t201924z_1917520113_rc2lncau09co_rtrmadp_0_usa-trump-china.jpeg?v=1738702838&w=1920&h=1080)
Tariffs: How they work, who pays for them and why Trump loves them
![](https://image.cnbcfm.com/api/v1/image/108097343-17387027792025-02-04t201924z_1917520113_rc2lncau09co_rtrmadp_0_usa-trump-china.jpeg?v=1738702838&w=1920&h=1080)
President Donald Trump in his inaugural speech credited President William McKinley for making the United States "very rich" through tariffs.