President Donald Trump announced a series of reciprocal tariffs across the globe as he aims to boost domestic manufacturing and create more jobs in the U.S.

Trump imposed a 10% tariff across all trading partners, 34% for China, 24% for Japan, and 20% for countries apart of the European Union.

With the stock market experiencing volatility over the past few months and inflation continuing to hit American wallets, some think tariffs will be the answer to economic uncertainty.

Joseph Foudy, NYU economics professor, joined “The Rush Hour” on Wednesday to share his analysis on the impact of the newly imposed tariffs, and what it could mean for New Yorkers and Americans.

Tap the video player above to watch the interview.