Breakdown:

1. Donald Trump’s Tariff Proposal:
   • Donald Trump’s promise to impose tariffs on goods imported from countries like China is explained as part of his broader claim to support American businesses. However, the passage emphasizes that tariffs do not function in the way Trump describes. This is one of his “big lies,” according to the speaker.
2. What a Tariff Really Is:
   • The explanation clarifies that a tariff is not a tax paid by foreign governments, as Trump suggests. Instead, a tariff is a tax placed on imported goods, and it is the U.S. importers who initially bear the cost. However, these importers pass the cost onto American consumers by raising the prices of goods, meaning that the average person ends up paying the tariff in the form of higher prices.
3. Impact of Tariffs on Consumer Goods:
   • The impact of a tariff, such as a proposed 20% tariff on goods from China, means that prices for everyday items in stores like Walmart will increase significantly. Many of these items, especially electronics and other consumer products, come from countries like China or Japan. If tariffs are imposed on these imports, the cost to consumers will rise.
4. The U.S. as an Import-Dependent Nation:
   • The passage points out that the U.S. is no longer a manufacturing-based economy and relies heavily on imported goods. Imposing tariffs would raise the cost of a wide range of items Americans rely on, including household goods, clothing, and electronics, leading to significant price increases across the board.
5. Trump’s Misunderstanding of Economics:
   • The speaker critiques Trump’s understanding of economics, pointing out his history of business failures, including bankruptcies, failed ventures like Trump University, and fraudulent activities associated with his businesses. The argument is that Trump’s poor track record in business indicates he is not well-versed in economic policies like tariffs.
6. Tariffs as Taxes on Consumers:
   • The central message of the passage is repeated: tariffs are taxes paid by consumers, not by foreign governments. By imposing tariffs, Trump would effectively be raising prices on consumer goods for Americans, rather than hurting countries like China. This is framed as a warning for voters who may believe in Trump’s business acumen.
7. A Loving Warning to Voters:
   • The passage ends with a personal, caring tone, urging voters to understand the true nature of tariffs before voting. The speaker highlights that this message is shared out of concern for people who may be misled by Trump’s claims, stressing that tariffs will only hurt American consumers.

This breakdown explains the core argument about tariffs, their economic impact on consumers, and the criticism of Donald Trump’s understanding of the issue.