This nation funded our government on Tariffs prior to the 1913. They should protect our citizens from unfair practices. We should not fund the CCP with our markets nor should we allow Mexico to get away with their complacency.
The CCP has no concept of the term Intellectual Property. Trump showed China that stealing intellectual property from the US has real consequences. *TRUMP 2024*
we should be competitive without tariff protection, that is why they were repealed in 1913. Our leaders apparently knew more then about economies than Trump, because our economy outsold every other economy on the planet after our tariffs were repealed. Trump's tariffs have done nothing but create more inflation. Tariffs only make us more non-competitive and lazy. I would welcome Trump showing more intelligence this time, admit tariffs were wrong, and repeal them.
60 percent marked up Amazon Walmart ,target, ll bean, apple, movie theater/amc. Then Europe import is next 😅 we will have to live on????? I will have to get a second job to survive 😅
@BErectus how does that work. Explain how that works. How does raising the cost of anything make it cheaper? This is the wealthy corporations using smoke and mirrors to say well in the end China will ultimately pay. That is total BS. In the end the cost of your next washing machine will triple. I guess you can go down to the river and beat your dirty laundry on a rock.
Trump supporters tell the entire world they don’t travel abroad often. Every single time you leave the country and come back to the U.S, we have to fill out a customs form. 👀There’s always a question asking. Have you purchased any items in excess of $10,000, and if so, you have to declare the value and they tell you the taxes. So either they lie on the custom form or these people never travel. I’m so confused. Literally, every single time you come back into the country you have to fill out the customs form and declare the value of the goods that you purchased. So either they commit perjury, or they never ever travel outside of the country or likely both.
You haven’t reached rock bottom if you still have a smart phone but get your 2 cents in before you lose that privilege to illegals ! If you can vote in 2024 ?
While attending the Wharton School for my MBA in the early 90s, one thing that was repeatedly stressed was that you do not place tariffs on raw materials if the country you are placing the tariffs on has a way to retaliate. In doing so, the country that starts the tariff will cause prices to escalate for manufactured goods made in your country, and the raw goods you export will halt in the opposing country if they can quickly source that product domestically. That is why tariffs on finished products, such as EVs, solar panels, and batteries, do not affect the USA.
Agreed, I lost my job along with several 100 others due to Trump tariffs. There are a lot of low cost countries to source goods other than China. +Some companies avoid US profits tax by selling finished goods through the low cost country as well
@@mmedrano8334 - Companies use China because of speed to market, know how and flexibility Price is a secondary so tariffs did not increase jobs in the US. What the tariffs did do is increase almost everything by and average of 20%. If you spend 50k a year on goods from China your are paying 10k more a year. Now Trump wants to impose more tariffs. Another 20% bump is another 10K and China will still not lose business because of other factors mentioned. Speed, flexibility, know how. Another way to say it, US companies are slow, rigid and lack technical expertise. Steve Jobs coined these reasons why Apple uses China. Until USA factories become flexible, fast, and demonstrate in depth know how then jobs will come back to the US. Bear in mind know how is not because China is better educated, its because China factories are challenged with very high volume manufacturing on a daily basis. They gain this know how through the high volume orders they get. China factories hate to throw out bad quality parts because of the material cost lost especially.
@@gtr4534 I didn't say tariffs increase US jobs. Tariffs are a form of leverage. As I said before Trump used tariffs in his 4 years in office and the US economy did quite well, so people need to quit acting like this concept will wreck the economy.
@@mmedrano8334So just how do tariffs improve US consumer cost for goods and services. Are you really that knowledgeable that you can answer this question accurately? Come on smart guy tell us all how tariffs will lower consumer cost.
To say inflation did not happen during the Trump years is complete fantasy. The lead time to get products from China increased from 6 weeks to 6 months or more during the Trump years. Inflation were 2 fold, TARRIFFS and shortages. . Copper increased 400% that included a 27.5% added tariff. The inflation was being realized in 2021 and 2022 but the materials and finished goods were purchased in 2020 due to the inherent lead time.I lived it through this because I am 35 veteran in supply chain mgt
@@gtr4534 so there was no inflation for the first 3 years of trumps reign, but then suddenly covid shuts down the whole world and the consequences from tariffs suddenly appear?
The only people that respond with this answer don’t actually know what trumps record was because they watch the main stream media, and they take it as gospel. There was hardly any inflation. It’s a fact look it up.
@@mmedrano8334 That's just made up. You don't have any data to support that statement. Fact is wages have outpaced inflation for 18 months in a row now. If anything Trump administration officials claimed their centerpiece corporate tax rate cut would “very conservatively” lead to a $4,000 boost in household income. Research shows that workers who earned less than $114,000 on average in 2016 saw “no change in earnings” from the corporate tax rate cut.
The trade tariffs do raise the price to the americans no matter what they say. Just like big corporate taxes when the corporations get tapped they pass it along so to these people! And we the people get stuck paying the higher price which is just like a tax! America First
It sounds like everybody on here needs a class in economics. Also, we had the lowest inflation under Trump and lower prices on everything. So no tariffs did not raise our prices. Harris and Biden did though. You keep her she won’t have a country and you won’t have to worry about a thing because no one will be here. The world is on fire you don’t throw more gasoline on if you have any ounce of common sense.
Are these guys for real? I am a top US international commodity trader and know a little about trade and the consequences of the Trump tariffs. They harmed the economy immensely and Kudlow used to know this until he became part of the Trump administration. Trump is an idiot on business related matters.
Our government was funded by tariffs for the first 130 years and yet we grew into a world power. Evidence was presented on how Trump's use of tariffs worked for our benefit. I know farmers that suffered some temporary losses but still supported the tariffs because they knew in the end they would be better off.
@@paulzumpf3612 you didn't had ANY governement cost, for these 130 years you look to STATE budget not Governement, you didn't had central banking until 1909, for example import of China in 2021 were of 504.9 billions, if you were to make them pays 504,9 Billions to export they would simply not export by themself and use vietnam, mexico or else. If they were to "pay" it would not even account for 1/3 of the fiscal deficit, oh and trump didn't event respond about the Fiscal deficit during his presence to the Economic Club of New York. as some estimations with the tax cuts and new spendings Trump could make the debt even Higher and could end up at a similar level to Italy at the end of his mandate. The New Tarifs could possibly not be passed to the congress, and i think Trump do that as a "propaganda" and hope he will not provoke a country with 10X more manufacturing job into a production war, China had 40 years to prepare and i sincerely hopa that Trump will assure a propre dialog with China and that they could work for the better for these two incredibles country.
Ok, I made it to 2:29 and stopped because what you’re saying is just not true. I personally had two firearms ordered when that tariffs crap was imposed and I couldn’t get them because some of the components were made in Spain and the tariffs were going to double the price of the parts. I also had tools ordered that were made in other countries and couldn’t get them. You so called conservatives defending Trump on every detail are not being honest with your viewers. Why don’t you ever talk about the money he threw at US Steel at the taxpayers expense, the money he threw at Wall Street, big banking, and let’s not forget record debt. BE HONEST
It becomes clearer why Trump has declared bankruptcy six times, despite having received a sizeable inheritance (413 million dollars) from his dad; he really doesn't understand money! Taxing goods from abroad results in the price you pay going up, (because the exporters need the money for the tax). So tariffs on imported goods are a tax on you (for everything where tariffs are imposed).
@@BErectus Chinese companies already shifted production to Mexico, Vietnam, Indonesia.. Trump braggged about his Phase One Trade Deal.. and China only lived up to 1/3 of required purchases.. so what did Trump do? Nothing.. He's a chump that sold us down the river.
Tariffs will only hurt the working class citizens of this country. Corporations will pass the cost of tariffs onto consumers. It's a tax on the working poor and middle class.
I am a 69 year old retired moderate independent voter who believes President Trump had the right idea on this. Free trade is not necessarily the same thing as FAIR trade - a point often lost on the free trade proponents. The problem is almost always going to be the labor differential. When foreign workers are making only a tiny fraction of U.S. labor wages AND have virtually little to no benefits, how can trade EVER be fair? Also, what business can resist going to a foreign country, when by doing so they can pay less wages, no benefits and have the ability to be almost regulation free? Businesses move there for all these reasons and we do nothing to stop it - to the detriment of our own country. In order to compete against such countries, we would be forced to choose between impoverishing our citizens by drastically lowering their wages, eliminating benefits and degrading our environment or losing our industrial and manufacturing base. If we lose most of what remains of our manufacturing and industrial base, which tends to pay much better wages then service jobs, most of the American middle class will disappear in time. What good are cheaper imports if our citizens do not make enough income in order to be able to afford to buy them? Tariffs are one way of compensating for these differentials and to encourage business to continue producing items in the United States. Some countries, such as China, are almost totally amoral when it comes to trade with the United States. China, as an example, routinely steals our intellectual property and technology and violates patents. They also encourage predatory business practices like dumping in order to put our businesses OUT of business so they can take over. Much of what they have stolen from us has allowed them to expand both their technology base and increase their military's capabilities. Our trade policy should be to encourage free trade that is FAIR trade while continuing to maintain a vigorous industrial and manufacturing base in the United States that keeps our citizens employed. If China wants to trade with us then there is nothing prohibiting them, or any other industrial country for that matter, to build manufacturing plants IN the United States in order to sell here on a level playing field.
The Chinese market is a lot larger than the US market, that's why companies like Tesla want to manufacture in China. China is amoral when it comes to trade? Which corporation bases their business on morals?
A very important lesson for American politicians. Chou En Lai, the first and permanent Prime Minister(Premier) of Communist China. ' Military power comes with economic power.' America does not need to shy away from its use of military power, America is 100x much better than the combined evils of Iran, Russia, China. America has to use its power to rebalance.
This is what Trump means for his economic policy. I'm taking care of all the billionaires with a huge tax cut and we'll make middle class people pay for it with tariffs that tax them up to their eyeballs!!!
People are saying tariffs will raise prices. It might at first but if more citizens buy U.S. made products it will incentivize more companies to make more products here which will lower prices and create more jobs. If we don’t make China pay their fare share U.S. will always be dependent on them and give them power over us. It’s not an overnight solution but Trump’s thinking long term. He’s a smart businessman that wants the best for our country, unlike Kamala that thinks going after companies for price gouging is the answer but refuses to answer when asked about her policies. Btw I’m a 57 yr old U.S citizen from South Korea. When my family came here U.S. was the richest most powerful country in the world. Democrats have overspent which put us in $35 trillion in debt, let in 12 million illegals that cost tax payers $451 billion annually giving them free healthcare, food, housing, cars, etc. Think about that when you’re complaining about higher prices. I want my country back and I’m voting for Trump for the 3rd time! Trump 2024!🇺🇸❤
U.S. manufacturing is out the window. It's never coming back. Unless you place tariffs on all foreign countries. The wheels have been set in motion since the Bretton Woods Agreement, the Petrol Dollar System among others. It make U.S.D. the global reserve currency. We're no longer even on the gold system anymore. This creates great demand on U.S.D. and makes other currencies weak for exchange rates. That's why U.S. manufacturing went overseas since the 1950s. Placing tariffs on China means factories go to cheaper countries of production. No different from Japan in the 60s - 70s, Korea, and Taiwan. Once it gets to expensive and there's somewhere cheaper, it goes there, never back to the U.S. If and when U.S. reserve currency goes away. It will collapse everything and we'll see hyperinflation when countries start dumping U.S.D. and U.S. Treasuries. The U.S. has far to much national debt.
Almost every president in my lifetime has tried tariffs and eventually removed them because they don't work and cause the tariffed country to retaliate. Yes, they can be a negotiating tool in the short run. In the instance of Chine, tariffs have not put a dent in the trade imbalance, according to the US's own figures, because China's prices are so low to begin with, that making them 20% higher has no effect. I was watching another video arguing that while tariffs on Chinese goods do, in effect, raise the prices for the US (China doesn't pay the tariff, US consumers do), it only raised goods by 3-4%. Well, first, that is higher inflation. But that was before and during the pandemic, when prices were lower because of very low demand. We don't know exactly how much these tariffs have influenced today's inflation. However, logic dictates raising prices on these goods has to have had some effect.
Trump did not know how this tariffs works. My CA company has to raise most of our products to our US consumers since Trump raise the 25%tariffs. Resulted prices increased for our large customers like Walmart, Costco... I am watching both left and right wings.
I have been trying to explain to people for months how this works but most people are so shortsighted they assume Trump will triple the price of everything. People are no longer being taught Cause and Effect.
Your both wrong. Tariffs are ultimately paid by the consumer. It's not a leveraging tool. These countries dump their cheap goods on the world market and they are resold at greatly inflated prices because of supply and demand by 3rd party nations. The cost is ultimately paid for by consumers.
Almost every president in my lifetime has tried tariffs and eventually removed them because they don't work and cause the tariffed country to retaliate. Yes, they can be a negotiating tool in the short run. In the instance of Chine, tariffs have not put a dent in the trade imbalance, according to the US's own figures, because China's prices are so low to begin with, that making them 20% higher has no effect. I was watching another video arguing that while tariffs on Chinese goods do, in effect, raise the prices for the US (China doesn't pay the tariff, US consumers do), it only raised goods by 3-4%. Well, first, that is higher inflation. But that was before and during the pandemic, when prices were lower because of very low demand. We don't know exactly how much these tariffs have influenced today's inflation. However, logic dictates raising prices on these goods has to have had some effect.
This nation funded our government on Tariffs prior to the 1913. They should protect our citizens from unfair practices. We should not fund the CCP with our markets nor should we allow Mexico to get away with their complacency.
The CCP has no concept of the term Intellectual Property. Trump showed China that stealing intellectual property from the US has real consequences.
*TRUMP 2024*
we should be competitive without tariff protection, that is why they were repealed in 1913. Our leaders apparently knew more then about economies than Trump, because our economy outsold every other economy on the planet after our tariffs were repealed. Trump's tariffs have done nothing but create more inflation.
Tariffs only make us more non-competitive and lazy.
I would welcome Trump showing more intelligence this time, admit tariffs were wrong, and repeal them.
America is China's Most Hated Nation while why China is America's Most Favoured Nation, as Trump said, revoke and repeal and derisk.
60 percent marked up Amazon Walmart ,target, ll bean, apple, movie theater/amc. Then Europe import is next 😅 we will have to live on????? I will have to get a second job to survive 😅
Those tariffs caused a ripple effect that along with WWI led to the Great Depression. Tariffs and Protectorism doesn't work.
Use your logic: who pays the tariff? It's not China. It's not the US government. Then?
it’s Americans lol
U.S. inflation will skyrocket if tariffs are imposed
Reciprocity.
@@BErectus Who cares if China gets inflation when you are suffering at home.
@BErectus how does that work. Explain how that works. How does raising the cost of anything make it cheaper? This is the wealthy corporations using smoke and mirrors to say well in the end China will ultimately pay. That is total BS. In the end the cost of your next washing machine will triple. I guess you can go down to the river and beat your dirty laundry on a rock.
I’m for trump but his tariff plan is the only thing I’m having trouble understanding. How is this a good thing for inflation?
@@TheDakotaFrazier Not good. The tariffs are collected by the government and directly raise the price for the consumer, that's you.
Tariffs don’t work. History shows this over and over
Why put tariffs n china
@@jacksmith-mu3ee it doesn’t work and will result in inflation big time
Reciprocity.
Trump already used them for 4 years. Was the economy worse or better than today??
@@mmedrano8334 check the Dow Jones today and rhe record corporate profits under Biden
Do you remember Smoot-Hawley Tariff Act? I don't think so. “The definition of insanity is doing the same experiment and expecting different results.”
Trump supporters tell the entire world they don’t travel abroad often. Every single time you leave the country and come back to the U.S, we have to fill out a customs form. 👀There’s always a question asking. Have you purchased any items in excess of $10,000, and if so, you have to declare the value and they tell you the taxes. So either they lie on the custom form or these people never travel. I’m so confused. Literally, every single time you come back into the country you have to fill out the customs form and declare the value of the goods that you purchased. So either they commit perjury, or they never ever travel outside of the country or likely both.
These people don’t travel outside their county, let alone outside their state. They have definitely not completed a customs form
Illegal Aliens, economy, housing…DO SOMETHING! I’m Homeless 68 yrs old
You haven’t reached rock bottom if you still have a smart phone but get your 2 cents in before you lose that privilege to illegals !
If you can vote in 2024 ?
Bidenomics IS ABSOLUTELY responsible for this absurdity fjb
Yet you still have internet access. How odd.
It’s not odd, internet is free.
I certainly don’t have wifi, and my phone is 6-7 yrs old
That is so sad that you are homeless and I’m so sorry. That’s a rough way to have to live.
While attending the Wharton School for my MBA in the early 90s, one thing that was repeatedly stressed was that you do not place tariffs on raw materials if the country you are placing the tariffs on has a way to retaliate. In doing so, the country that starts the tariff will cause prices to escalate for manufactured goods made in your country, and the raw goods you export will halt in the opposing country if they can quickly source that product domestically. That is why tariffs on finished products, such as EVs, solar panels, and batteries, do not affect the USA.
Tariffs dont work because they just have their product sent to other countries and then exported.
Agreed, I lost my job along with several 100 others due to Trump tariffs. There are a lot of low cost countries to source goods other than China. +Some companies avoid US profits tax by selling finished goods through the low cost country as well
Trump used them before and America's economy did just fine.
@@mmedrano8334 - Companies use China because of speed to market, know how and flexibility Price is a secondary so tariffs did not increase jobs in the US. What the tariffs did do is increase almost everything by and average of 20%. If you spend 50k a year on goods from China your are paying 10k more a year. Now Trump wants to impose more tariffs. Another 20% bump is another 10K and China will still not lose business because of other factors mentioned. Speed, flexibility, know how. Another way to say it, US companies are slow, rigid and lack technical expertise. Steve Jobs coined these reasons why Apple uses China. Until USA factories become flexible, fast, and demonstrate in depth know how then jobs will come back to the US. Bear in mind know how is not because China is better educated, its because China factories are challenged with very high volume manufacturing on a daily basis. They gain this know how through the high volume orders they get. China factories hate to throw out bad quality parts because of the material cost lost especially.
@@gtr4534 I didn't say tariffs increase US jobs. Tariffs are a form of leverage. As I said before Trump used tariffs in his 4 years in office and the US economy did quite well, so people need to quit acting like this concept will wreck the economy.
@@mmedrano8334So just how do tariffs improve US consumer cost for goods and services. Are you really that knowledgeable that you can answer this question accurately? Come on smart guy tell us all how tariffs will lower consumer cost.
To say inflation did not happen during the Trump years is complete fantasy. The lead time to get products from China increased from 6 weeks to 6 months or more during the Trump years. Inflation were 2 fold, TARRIFFS and shortages. . Copper increased 400% that included a 27.5% added tariff. The inflation was being realized in 2021 and 2022 but the materials and finished goods were purchased in 2020 due to the inherent lead time.I lived it through this because I am 35 veteran in supply chain mgt
@@gtr4534 so there was no inflation for the first 3 years of trumps reign, but then suddenly covid shuts down the whole world and the consequences from tariffs suddenly appear?
Real wages for the middle class also rose under Trump. The average family is $3,500 poorer than they were four years ago.
@@mmedrano8334 right. There are plenty of videos of people pulling the receipts from Walmart 4 years ago and comparing the same item prices for today.
The only people that respond with this answer don’t actually know what trumps record was because they watch the main stream media, and they take it as gospel. There was hardly any inflation. It’s a fact look it up.
@@mmedrano8334 That's just made up. You don't have any data to support that statement. Fact is wages have outpaced inflation for 18 months in a row now. If anything Trump administration officials claimed their centerpiece corporate tax rate cut would “very conservatively” lead to a $4,000 boost in household income. Research shows that workers who earned less than $114,000 on average in 2016 saw “no change in earnings” from the corporate tax rate cut.
lies after the tariffs u and trump had to give heaps of money to the farming industry
The trade tariffs do raise the price to the americans no matter what they say. Just like big corporate taxes when the corporations get tapped they pass it along so to these people! And we the people get stuck paying the higher price which is just like a tax! America First
It sounds like everybody on here needs a class in economics. Also, we had the lowest inflation under Trump and lower prices on everything. So no tariffs did not raise our prices. Harris and Biden did though. You keep her she won’t have a country and you won’t have to worry about a thing because no one will be here. The world is on fire you don’t throw more gasoline on if you have any ounce of common sense.
Are these guys for real? I am a top US international commodity trader and know a little about trade and the consequences of the Trump tariffs. They harmed the economy immensely and Kudlow used to know this until he became part of the Trump administration. Trump is an idiot on business related matters.
Our government was funded by tariffs for the first 130 years and yet we grew into a world power. Evidence was presented on how Trump's use of tariffs worked for our benefit. I know farmers that suffered some temporary losses but still supported the tariffs because they knew in the end they would be better off.
@@paulzumpf3612 you didn't had ANY governement cost, for these 130 years you look to STATE budget not Governement, you didn't had central banking until 1909, for example import of China in 2021 were of 504.9 billions, if you were to make them pays 504,9 Billions to export they would simply not export by themself and use vietnam, mexico or else. If they were to "pay" it would not even account for 1/3 of the fiscal deficit, oh and trump didn't event respond about the Fiscal deficit during his presence to the Economic Club of New York. as some estimations with the tax cuts and new spendings Trump could make the debt even Higher and could end up at a similar level to Italy at the end of his mandate. The New Tarifs could possibly not be passed to the congress, and i think Trump do that as a "propaganda" and hope he will not provoke a country with 10X more manufacturing job into a production war, China had 40 years to prepare and i sincerely hopa that Trump will assure a propre dialog with China and that they could work for the better for these two incredibles country.
That explains why when Japan had tariffs on their cars, they set up shop in the USA to sell to the USA.
@@paulzumpf3612 Pls can you explain how they knew it would be better off in the end?
@@d1wav they knew Trump would win. Where did the government get it's money before there was an income tax?
Ok, I made it to 2:29 and stopped because what you’re saying is just not true.
I personally had two firearms ordered when that tariffs crap was imposed and I couldn’t get them because some of the components were made in Spain and the tariffs were going to double the price of the parts. I also had tools ordered that were made in other countries and couldn’t get them.
You so called conservatives defending Trump on every detail are not being honest with your viewers. Why don’t you ever talk about the money he threw at US Steel at the taxpayers expense, the money he threw at Wall Street, big banking, and let’s not forget record debt. BE HONEST
Defense, including economic defense, costs $. If you don't fight back you'll lose.
And the farm subsidies that were required to sustain the industry
It becomes clearer why Trump has declared bankruptcy six times, despite having received a sizeable inheritance (413 million dollars) from his dad; he really doesn't understand money!
Taxing goods from abroad results in the price you pay going up, (because the exporters need the money for the tax). So tariffs on imported goods are a tax on you (for everything where tariffs are imposed).
Its like a domino. The government makes money on tariffs and the company increases prices and the consumer pays the price.
Not just price more taxes on hoods as well.
The consumer also gets to keep his job
@@ThandoGqabaza No, many companies depending on imported raw materials went under with the first Trump tariffs.
@@markojoticexactly. 200k manufacturing jobs were lost under Trump, party because so many businesses in export had to close
Consumers pay for tariffs. Trump acts like China sent us checks for tariffs and it simply doesn't work like that.
But, I bet you think FJB increasing existing China tariffs is great, hm?
@@BErectus Chinese companies already shifted production to Mexico, Vietnam, Indonesia.. Trump braggged about his Phase One Trade Deal.. and China only lived up to 1/3 of required purchases.. so what did Trump do? Nothing.. He's a chump that sold us down the river.
Tariffs will only hurt the working class citizens of this country. Corporations will pass the cost of tariffs onto consumers. It's a tax on the working poor and middle class.
I wonder how Americans can believe this Trump BS😂😂
If tariffs don’t work then why did Japan move much of their manufacturing to the USA?
JUST A BRAIN FART HERE ***
GO INTO ANY RANDOM HOME IN AMERICA AND FIND FIVE THINGS THAT SAY THAT THEY WERE ***
MADE WITH PRIDE IN AMERICA ***
Do a skit on how xi granted ivanka exclusive patents in China...
Sounds juicy. I'm sure there is solid evidence to back up many indictments against her. Go for it!
Yeah right....enough playing, mom's calling.
@@televishenimoniker5546 look it up clown...
I am a 69 year old retired moderate independent voter who believes President Trump had the right idea on this. Free trade is not necessarily the same thing as FAIR trade - a point often lost on the free trade proponents. The problem is almost always going to be the labor differential. When foreign workers are making only a tiny fraction of U.S. labor wages AND have virtually little to no benefits, how can trade EVER be fair? Also, what business can resist going to a foreign country, when by doing so they can pay less wages, no benefits and have the ability to be almost regulation free? Businesses move there for all these reasons and we do nothing to stop it - to the detriment of our own country. In order to compete against such countries, we would be forced to choose between impoverishing our citizens by drastically lowering their wages, eliminating benefits and degrading our environment or losing our industrial and manufacturing base. If we lose most of what remains of our manufacturing and industrial base, which tends to pay much better wages then service jobs, most of the American middle class will disappear in time. What good are cheaper imports if our citizens do not make enough income in order to be able to afford to buy them? Tariffs are one way of compensating for these differentials and to encourage business to continue producing items in the United States. Some countries, such as China, are almost totally amoral when it comes to trade with the United States. China, as an example, routinely steals our intellectual property and technology and violates patents. They also encourage predatory business practices like dumping in order to put our businesses OUT of business so they can take over. Much of what they have stolen from us has allowed them to expand both their technology base and increase their military's capabilities. Our trade policy should be to encourage free trade that is FAIR trade while continuing to maintain a vigorous industrial and manufacturing base in the United States that keeps our citizens employed. If China wants to trade with us then there is nothing prohibiting them, or any other industrial country for that matter, to build manufacturing plants IN the United States in order to sell here on a level playing field.
The Chinese market is a lot larger than the US market, that's why companies like Tesla want to manufacture in China. China is amoral when it comes to trade? Which corporation bases their business on morals?
But if the price goes up, the consumer pays. That’s the bottom line.
That is what we call Argentina.
A very important lesson for American politicians. Chou En Lai, the first and permanent Prime Minister(Premier) of Communist China. ' Military power comes with economic power.' America does not need to shy away from its use of military power, America is 100x much better than the combined evils of Iran, Russia, China. America has to use its power to rebalance.
Why not increase tariffs and decrease other taxes?
The other countries raise their tariffs, your exports go South.
How about reprosity for printing money?
Trump says foreign countries pay the tariff which is absolute nonsense
This is what Trump means for his economic policy.
I'm taking care of all the billionaires with a huge tax cut and we'll make middle class people pay for it with tariffs that tax them up to their eyeballs!!!
People are saying tariffs will raise prices. It might at first but if more citizens buy U.S. made products it will incentivize more companies to make more products here which will lower prices and create more jobs. If we don’t make China pay their fare share U.S. will always be dependent on them and give them power over us. It’s not an overnight solution but Trump’s thinking long term. He’s a smart businessman that wants the best for our country, unlike Kamala that thinks going after companies for price gouging is the answer but refuses to answer when asked about her policies.
Btw I’m a 57 yr old U.S citizen from South Korea. When my family came here U.S. was the richest most powerful country in the world. Democrats have overspent which put us in $35 trillion in debt, let in 12 million illegals that cost tax payers $451 billion annually giving them free healthcare, food, housing, cars, etc. Think about that when you’re complaining about higher prices. I want my country back and I’m voting for Trump for the 3rd time! Trump 2024!🇺🇸❤
U.S. manufacturing is out the window. It's never coming back. Unless you place tariffs on all foreign countries.
The wheels have been set in motion since the Bretton Woods Agreement, the Petrol Dollar System among others. It make U.S.D. the global reserve currency. We're no longer even on the gold system anymore.
This creates great demand on U.S.D. and makes other currencies weak for exchange rates.
That's why U.S. manufacturing went overseas since the 1950s.
Placing tariffs on China means factories go to cheaper countries of production. No different from Japan in the 60s - 70s, Korea, and Taiwan. Once it gets to expensive and there's somewhere cheaper, it goes there, never back to the U.S.
If and when U.S. reserve currency goes away. It will collapse everything and we'll see hyperinflation when countries start dumping U.S.D. and U.S. Treasuries. The U.S. has far to much national debt.
No
Reciprocal is the key. Tarrif will force China to play fair and reduce prices
What about the spending on the “ moon train”
Well the trade tariffs were already used when Trump was President and the economy did just fine.
Almost every president in my lifetime has tried tariffs and eventually removed them because they don't work and cause the tariffed country to retaliate. Yes, they can be a negotiating tool in the short run. In the instance of Chine, tariffs have not put a dent in the trade imbalance, according to the US's own figures, because China's prices are so low to begin with, that making them 20% higher has no effect. I was watching another video arguing that while tariffs on Chinese goods do, in effect, raise the prices for the US (China doesn't pay the tariff, US consumers do), it only raised goods by 3-4%. Well, first, that is higher inflation. But that was before and during the pandemic, when prices were lower because of very low demand. We don't know exactly how much these tariffs have influenced today's inflation. However, logic dictates raising prices on these goods has to have had some effect.
Who wants to see Biden gone and never seen again???
I want him around to see Trump succeed !
@@FrankGallagherrI want to see the Trump crime family go to prison
Everyone! Vote Harris. We don’t want old men in charge.
@@FrankGallagherr trump is a fascist idiot
One clown about to go and 2 other clowns are waiting in the sidelines. You Americans are really pathetic😂😂
Kept money in America 🇺🇸
Larry, I hope you can be part of Trump's team in 2024 as you were in 2015.
Nice and intelligent conversations, explanations, truthfulness
Great Depression 2.0 😢
Trumps tariffs cost is billions . Fact check and see how full of it kudlow is !
$8.5!
Chocolate, Coffee, Video games, new medical equipment, blood fusions, organ transplants... it's gonna get expensive.
Did you watch the entire video?
@This_tub Yeah... Did you?
@This_tub I put the ellipses in there so it would be easier for you to understand. I'm not sure why Boomers do that but it's a thing.
Trump did not know how this tariffs works. My CA company has to raise most of our products to our US consumers since Trump raise the 25%tariffs. Resulted prices increased for our large customers like Walmart, Costco...
I am watching both left and right wings.
Good show very informative
Common sense fair trade 100%
Nope . Trump authorised illegal tariffs
So that is why yellan went to China talking about tariffs if president Trump gets back in to office
She went there to bow and scrape.
In my day my first home loan was 15.8 percent…
Tarries were invented to help USA businesses. I remember learning about it in history
It’s funny how the comment section is swarmed with bots every time china is mentioned
Trump 2024 ❤ Ramaswamy 2028
Cards to make a good deal
This is what we came for. 🧐📝🔵💙👍
Awesome discussion, also ❤ your jacket and necktie Mr Kudlow, posh and very cool !
Tariffs are taxes. Smoke that Larry
Yep,, taxes to another country,,, 👍👍👍
On other countries rather than targeting our citizens with taxes around every corner.
Did Larry say otherwise? Tariffs being used as a negotiating tool is the topic.
Taxes on China, yes
Do you know what a tariff is?
Trump 2024!!!
LISTEN TO DOLLY PARTON *** WORLD ON FIRE ***
&
WILLIE NELSON ***
BORDER ***
Trump promised America a better trade it never hsppened
You are wrong do your research
Amazon is moving to Brazil, Ford is moving to India - educate please
I have been trying to explain to people for months how this works but most people are so shortsighted they assume Trump will triple the price of everything.
People are no longer being taught Cause and Effect.
You are wrong we had lower prices with trump and we will again. Do your research
@@GraceEarney-di6vj I know that.
I'm telling you what they say. I don't agree with them.
Your both wrong. Tariffs are ultimately paid by the consumer. It's not a leveraging tool. These countries dump their cheap goods on the world market and they are resold at greatly inflated prices because of supply and demand by 3rd party nations. The cost is ultimately paid for by consumers.
Almost every president in my lifetime has tried tariffs and eventually removed them because they don't work and cause the tariffed country to retaliate. Yes, they can be a negotiating tool in the short run. In the instance of Chine, tariffs have not put a dent in the trade imbalance, according to the US's own figures, because China's prices are so low to begin with, that making them 20% higher has no effect. I was watching another video arguing that while tariffs on Chinese goods do, in effect, raise the prices for the US (China doesn't pay the tariff, US consumers do), it only raised goods by 3-4%. Well, first, that is higher inflation. But that was before and during the pandemic, when prices were lower because of very low demand. We don't know exactly how much these tariffs have influenced today's inflation. However, logic dictates raising prices on these goods has to have had some effect.
The earth is flat. Did these guys get their diplomas from Trump University.
No the Republicans are fine, although they do need to practice working together better.Did the Democrats got their diplomas from a Cracker Jack box
😇💙💙💙🙏👍🌎🇱🇷