Fact is, tariffs don’t work. Not really. The money collected doesn’t really come from the foreign countries or corporations. They just pass the increased cost to the customers, domestic companies and people. So the tariffs are effectively a federal sales tax on foreign goods. Beyond that, domestic competitors have a huge incentive to raise their prices too, since their foreign competitors can’t lower theirs. So the only ones who benefit from the tariffs are domestic companies who just increase their profits with no need to compete and no danger of having foreign competition undercutting their prices. Tariffs are a lie.
I shouldnt have to pay for a farmer who has too much land and not enough people to sell to in america..maybe they should go back to corn seeds from the 60’s..
You are not thinking of it the right way. If you put a 10% tariff on foreign goods and lower taxes here 10% on goods. The consumer doesn't see a difference right away, the price doesn't change. What does change is the government is collecting more taxes from the foreign countries, while collecting less at home. This allows USA companies to compete with lower prices for the same product, because consumers are not being charged that extra 10%. It sparks local business as well as creating/supporting many jobs for Americans. Seems obvious which one would benefit Americans more.
@@TheWormzerjr it is called gangsters paradise protectionism of turfs and it's business.. yup.. ripping off people population of the in the name of sovereignty and jurisdiction.
explain them just at the other end, what about America's end...? when you buy home made products you also have to pay tariffs for the American company as they increase prices to pay for those tariffs when they export, and then the get oversized prices benefit from other countries too and YOU get nothing in return, so any company in the world exporting product has is getting money from both ends, do you think they are protecting you?, do your own research, you'll be surprised all the things they lied to you.
it's both funny and sad to see how google searches for "what are tariffs" peaked AFTER the election. something something idiocracy something something documentary.
They have the choice of paying the tariff and passing the cost on to the consumer, or building plants in the US which will cost them more to produce the product and pass that cost on to the consumer.
@@adamrussell658 or we can buy from other suppliers. In every case, US consumers foot the bill. Meanwhile other countries retaliate and buy fewer products from the US. Americans lose jobs. Trump is a liar and a convicted felon. Caveat empor.
@@wesblood3620 And manufacturing worker wages in this country would be $15/hour. Even with complete automation to eliminate the workers, the American made product would cost at least twice as much. Ready for 100% inflation? Americans would never be able to afford those products.
My friend says tariffs will bring back jobs to USA. I told him, you know the consumer price would increase right? He said "yeah that's the point, so consumers won't buy their products, so Trump can bring back jobs and teach these companies a lesson". Then I told him, Yes then the companies would lose profit and probably go bankrupt, lose even more jobs if they can't afford to move back in the USA and also compete with international market. Then he stayed *silent*
@@starter0951 if companies come back to USA, profits decrease and stock market would crash. In US, stock market = economy. Therefore, economy would crash as well.
It is an incorrect assumption to think that made in the us items will not also go up in price. What the market will bear is the pricing method. Tariffs will raise inflation and lead to recession. So sad that people are so ignorant and easily fooled.
i tHoUgHt cHiNa WaS gOnNa pAy tHe TaRiFf! hahaha Just waiting till everything imported skyrockets and when everyone voted for him gets a hard lesson on economics 101
Still have no idea who pays the extra money. Does the importer pay the extra $12 for a 12% tariff while the exporter receives the $100? Or does the importer pay $100 and the exporter pays the $12? In other words, who pays the duties to the Treasury?
It's a tax but on a company rather than the the consumer. Chinese company wants to have a watch imported they pay the tariff. The company then increases the cost of goods accounting for the tariff.
@@millerrepin4452 That is only true if there is a Chinese company in America importing the goods. Normally American companies import those products from China and the American company pays the tariff. China does not pay the tariff.
You left put the part where when all the watches cost more. American made companies increase the price to match is, just because they can make profit. Terrifs specifically in the USA causes all products to increase because it's a profit trap
Sagar Rao airbus' headquarters is in France. Also final assembly done in France. Share trading is done in France, Germany and Netherlands. Saying owner is overview on top management position of company. So CNBC is not wrong. But less accurate.
Let me explain it in more simple terms, a tariff makes the prices of goods go up, YOU the consumer, pay the tariff at the end, it aint affecting no one but consumers, because we arent going to stop buying chinese products any time soon.
Us company before tariff : cost 15$ shoe sell for 150$ barely making a profit. Us company after tariiff: cost 18$ shoe has to sell at 250$ now to barely survive
It will cause overall decline in living standards, because you're getting rid of specialization and division of labor which is proven to be the key to effectiveness way back in 19th century. No, they won't increase GDP, foreign companies working at your market also count towards GDP. By giving the monopoly (and tariffs is exactly that: a monopoly or a subsidy to domestic companies) to local companies we will see falling supply of those goods, which will cause something exactly opposite to a growth, called decline if all other factors are equal.
The factual part of tariffs was great in this video! However it would have been great to refrain from interjecting personal point of view instead and stick to non-bias reporting.
see...us plebs vote so that our state electors know how much we hate each candidate. our electors are then suppose to go to the electoral college (think galactic senate) and cast the real vote that actually decides who gets to be president because our founding fathers said, "we hate kings and we can't trust plebs." but this vote comes after they ritually slaughter 1,000 sheeps and bathe in their blood while engaging in banquets and orgies for 30 days. at any time, because they've had too much beer, wine, liquor or prostitutes, any elector can say, "screw you, i do what i want," but most are scared that by doing so, they join the dark side and will have to look out for jedi masters their whole life. however, that didn't dissuade 5 electors from abandoning Hilary Clinton and joining the dark side in this last election.
I love this channel. This is the way all news should be. Until this piece, which seems very one-sided. Please educate us on the pros, cons, the facts and keep political opinion out.
From what you just explained. And me being from the highest educated generation. I don't like trump . But it sounds like hes trying to make were American businesses. So that Americans are not working for foreign companies anymore. And being that the world's economies based on the US dollar. More American products mean A better aconomy in the long run. Which also means lawmakers will have less of a Advantage over the American people Meaning less laws. For suppose a free country We have the highest incarceration rate the most laws. New York and New Jersey have The strictest gun laws. And in turn have the highest rape and crime ratings. They pass new laws because prisons are so fool That unless you are a murderer Or caught with a weapon You get let go. There so many pedophiles and rapists that do 3 to 6 months in prison and are released because of some of these laws. Need too tax 711 Holiday Inn trader Joe's American apparel sunglasses hut General Electric's Burger king Ben and Jerry's Budweiser Hallmanns. All of which are not American based companies if little less than 2% Equals up to Over $30 billion Over $150 billion Goes overseas From American Pockets. We only export $60 Billion worth hmmmm Don't take a rocket scientist to figure out why Americans are struggling so much We need American companies
The country you impose the tariff on will suffer for a period of time in the form of lay off of workers, decrease of manufacturing, wage freeze and so on. The country imposing the tariff will suffer in the long run by a loss of trust, less product for consumers, higher item cost, and possibly lose most favoured nation status.
@aledwards6119 It works if you're industrializing, but I've never heard of one case of an advanced economy doing it. This is not going to end well, and my stocks are going down.
Seems like money that should the manufacturer should be paying to the work force. So.... the government taxes the manufacturer, the retailer AND the buyer for the same product? And the buyer is buying it with money that has already been taxed. WTF?
I notice that you guys mostly focus on the issues or the topic that are American, but try to be a Global community more. What I am trying to say is focus on the otherside of the planet also. I know you have few topics about other countries but they are very less. Remember CNBC is a Global news channel.
This video glosses over the requirement that US importers need to pay tariffs (import duties) prior to imported items being allowed to enter the country. And, often importers need to borrow to pay these duties, and are liable for interest. Thus the cost to the purchaser is increased, and payed by citizens, not producing nations.
Chitranshu Vashishth, focus of budget is not military, but people and their well fare. And US spends lot more per capita than those countries, as its inefficient.
Sacchi focusing too much on welfare spoils the population and makes them ineffective and clips human creativity but that does not mean that welfare is not at all important , not everything has to be spoonfed , somethings are to be earned. Yea agreed that further increase in military budget is not needed but it is this huge budget that enables and promotes Innovation , invention and startups through the military that in return helps the general population . This internet , wireless communication , GPS and many medicines were meant for the military at first but now it benefits the citizens and makes their life easier .Productive Investment in the Military is the reason why the US leads in technology and space race
Sacchi ok, i'm not trying to sound dick right now but you made absolutely no sense to me right now. Would you be able to repeat it but without skipping every other word? No but seriously tho, im interested in what you have to esay, i"m still blown away how this is straight a global conversation, talking to people from around the world!! What better way to discuss important issues that may even be uncomfortable to speak of at times, everyone still has a right to there opinion, no matter how sure one is that theres is the right one, should nonetheless be respectful
Isn't buying locally made goods and reducing unnecessary shipping better for the planet? I kinda worry that a lot of manufacturers go to China to circumvent American environmental, health, and labor laws. So, encouraging people to buy locally made goods actually seems a bit more humane, healthier, and more environmentally friendly?
It isn't, because China can sell those at a lower price, because they work more efficiently, than domestic producers. So to import goods from China is less wasteful, than to make those in the USA.
I might be wrong, but I have a theory that the less something costs, the less overall energy it takes to produce. However you have to balance that with the cost of the extra pollution and workforce mistreatment some of these countries have.
@@zigoter2185 by work more efficiently, you mean pay the workers less and don't have to worry about dumping pollution in the air. then yes its more efficient.
Tarifs only hurt companies who are exporting which in turn hurts the consumers which is you because the cost is passed on to you . So at the end the American people loose but they won’t tell you that
In summary, shareholders don’t like to lose margins so the cost gets passed on to consumers. Typically US companies still can’t compete so even with tariffs foreign product are still a lower cost choice but now even at a higher price. What the US fails to do is help US companies become more efficient to be able to produce products at lower costs. We can than Reagan-notices for companies running to China to lower product prices at the cost of higher unemployment.
There’s no way a product would be cheaper to be made here in the USA. A watch cost way far less under $1 to be manufacturer in China, and then big brands slap their name on it or create the hype, and retail it for over a 300%+ margin. Great job at explaining what tariffs are, but don’t mislead the American people with BS number examples. Lol
"Wait, so you're telling me that putting tariffs on China _doesn't_ mean that China is gonna is gonna pay for it? It's gonna be the American consumers???? 😨😨" Buckle up everyone, the next 4 years in the US are gonna be wild!
he won't have a huge margin this time but he will win if and only if he gets the backing from corporates , working class population are less likely to vote for him
Anik Roy depends on the Dems candidate. But he doesn't have Facebook and the "Russians" in his corner this time around. Americans are no better off now and policies like these tariffs, children in cages etc are only going to make things worse.
Michael Jordan Dems have a higher chance of winning this time only if they have a candidate that has the balls to trump Trump . Dems have become a joke lately , they talk about Trump's Russia collusion ( which is partially true ) when Senator Dianne Feinstein office got inflitrated by the Chinese secret service the MSS . TBH American Democracy and freedom is under attack and both the parties got infiltrated by the Chinese and the Russians . Only a senate investigation , the FBI , the CIA and the intelligence community can save America in this cold war waged by the chinese and joined by the russians .
1950's:england promised Hong Kong back to China on condition HK was allowed autonomy. CCP broke that agreement after taking HK. 1970's: Nixon offered China some limited access to us domestic market ,dissuading the CCP from continuing support for North Vietnam's Viet Cong proxy war on South Vietnam, this did then help persuade NV to a peace deal in Paris (JFK's goal when 1st sending in volunteers),after they lost almost all their VC and supply lines from their '68 tet offensive.too bad the Soviets resupplied the communists who then violated their Paris deal after Nixon was gone and democrats ruled congress, cutting off SVietnam's supplies.
Fact is, tariffs don’t work. Not really. The money collected doesn’t really come from the foreign countries or corporations. They just pass the increased cost to the customers, domestic companies and people. So the tariffs are effectively a federal sales tax on foreign goods. Beyond that, domestic competitors have a huge incentive to raise their prices too, since their foreign competitors can’t lower theirs. So the only ones who benefit from the tariffs are domestic companies who just increase their profits with no need to compete and no danger of having foreign competition undercutting their prices. Tariffs are a lie.
I shouldnt have to pay for a farmer who has too much land and not enough people to sell to in america..maybe they should go back to corn seeds from the 60’s..
How is someone who has literally say that he doesn't pay taxes put a tax on it's people WTF make America grated again he says 😂
You are not thinking of it the right way. If you put a 10% tariff on foreign goods and lower taxes here 10% on goods. The consumer doesn't see a difference right away, the price doesn't change. What does change is the government is collecting more taxes from the foreign countries, while collecting less at home. This allows USA companies to compete with lower prices for the same product, because consumers are not being charged that extra 10%. It sparks local business as well as creating/supporting many jobs for Americans. Seems obvious which one would benefit Americans more.
“There are concepts of a plan”😂
Try to explain this to Donald he doesn't know what tariffs are just like he didn't know anything about NATO
This was from 6 yrs ago, and here we are again. Trump wanting to increase tariffs to 20%. History has taught us the horrible effects of high tariffs.
Goes to China to film a TEN second clip.
That's what you called quality.
Can you make a video of this quality? I don't think so. Shut up then mate!
@@bsca1956 I guess you are right
and lied about tariffs like they all do - including the Trumps.
@@commercialartservicesartwo3133 lied? What's the false info? Some tariff explanations are not conflicting so much as differing in info/focus.
I love CNBC explains series a lot. Keep up Team...
its called propaganda. tariffs like taxes are a way to rip off peoples money.
@@TheWormzerjr it is called gangsters paradise protectionism of turfs and it's business.. yup.. ripping off people population of the in the name of sovereignty and jurisdiction.
I mean people of the world.. 😅
not explained all the way through, this story is more complex than a 10 minutes clip...
I love that its not Biased. Its just explaining what a Tariff is, and how it works. Love it!
@Too Wun Just did! What a great video. Not a biased opinion in it, just raw explanation on an economic tariff with examples.
explain them just at the other end, what about America's end...? when you buy home made products you also have to pay tariffs for the American company as they increase prices to pay for those tariffs when they export, and then the get oversized prices benefit from other countries too and YOU get nothing in return, so any company in the world exporting product has is getting money from both ends, do you think they are protecting you?, do your own research, you'll be surprised all the things they lied to you.
Thank you,best clearest explanation on tariffs and I needed it explained.
Lies again? FAS FUS
CNBC explains the news very well
it's both funny and sad to see how google searches for "what are tariffs" peaked AFTER the election. something something idiocracy something something documentary.
It peaked in blue areas. Same with "How do I change my vote?"
@@HuxAndersonit peaked in red states
American businesses pass the full cost of tariffs onto American consumers. Build manufacturing plants in the US.
I agree but China minium wage is 25 cents an hour.
Think USA can compete?
They have the choice of paying the tariff and passing the cost on to the consumer, or building plants in the US which will cost them more to produce the product and pass that cost on to the consumer.
@@adamrussell658 or we can buy from other suppliers. In every case, US consumers foot the bill. Meanwhile other countries retaliate and buy fewer products from the US. Americans lose jobs. Trump is a liar and a convicted felon. Caveat empor.
@adamrussell658 then why did that not happen when this video was first published?
@@wesblood3620 And manufacturing worker wages in this country would be $15/hour. Even with complete automation to eliminate the workers, the American made product would cost at least twice as much. Ready for 100% inflation? Americans would never be able to afford those products.
Explained in a very effective way.Loved it CNBC!!!
My friend says tariffs will bring back jobs to USA. I told him, you know the consumer price would increase right? He said "yeah that's the point, so consumers won't buy their products, so Trump can bring back jobs and teach these companies a lesson". Then I told him, Yes then the companies would lose profit and probably go bankrupt, lose even more jobs if they can't afford to move back in the USA and also compete with international market. Then he stayed *silent*
@@starter0951 if companies come back to USA, profits decrease and stock market would crash. In US, stock market = economy. Therefore, economy would crash as well.
Deplorables are not known for their intelligence.
Tariffs do not increase consumer prices. Where is the evidence that they do?
@@lukecacatian3245 Watch the video, or just use your favorite search engine to see what nearly all economists say.
@@lukecacatian3245, you may want to rewatch the video. It is explained fairly well.
More of these Explains series!
am impressed with CNBC ..you give very good information about ..tech and many more keep it up..
Too Wun lol
Best channel so far, informative and educational
I love CNBC explains, I get excited whenever there is a new episode, thank you very much guys, keep it rolling
I'm trying to understand tariffs and international trade but this is all so complicated, there are so many variables.
It is an incorrect assumption to think that made in the us items will not also go up in price. What the market will bear is the pricing method. Tariffs will raise inflation and lead to recession. So sad that people are so ignorant and easily fooled.
Not if you produce in your own country
Made in the US doesn't mean made in the US. Most products with that label use retails made abroad.
Tariff's Trump doesn';t have a damn clue on how they work.
i tHoUgHt cHiNa WaS gOnNa pAy tHe TaRiFf!
hahaha Just waiting till everything imported skyrockets and when everyone voted for him gets a hard lesson on economics 101
Still have no idea who pays the extra money. Does the importer pay the extra $12 for a 12% tariff while the exporter receives the $100? Or does the importer pay $100 and the exporter pays the $12? In other words, who pays the duties to the Treasury?
I agree the video didn't clarify that .
@@martyn26.2 The importer pays the tariff
It's a tax but on a company rather than the the consumer. Chinese company wants to have a watch imported they pay the tariff. The company then increases the cost of goods accounting for the tariff.
@@millerrepin4452 That is only true if there is a Chinese company in America importing the goods. Normally American companies import those products from China and the American company pays the tariff. China does not pay the tariff.
You left put the part where when all the watches cost more. American made companies increase the price to match is, just because they can make profit. Terrifs specifically in the USA causes all products to increase because it's a profit trap
04:24 Airbus is not a French company; it's an EU venture. Great video otherwise 👍
Sagar Rao France share are higher ,,they are co-owner with Germany and Dutch.
Michael Jackson still not a French company. For a channel like CNBC, you need to be accurate.
Sagar Rao airbus' headquarters is in France. Also final assembly done in France. Share trading is done in France, Germany and Netherlands. Saying owner is overview on top management position of company. So CNBC is not wrong. But less accurate.
waaahhh, this is awesome. You guys did a great job explaining the topic.
Please explain - different events impact economies, like political figure dies, party wins elections, high interest rates of banks
I love your explanation it helps me to understand
2024, post US election .. yup. We need this video
Very educational. Really rate this series
व्यापार के द्वार खुले हैं?👍👍👍👍👍
Interesting show, good explanation. Future show on Africa and south Africa maybe ?
Thanks for the explanation
I would like you to make a video on how the exchange rate is determined between countries...both fixed and floating
Your best thing is you never post any naunsense review!
Let me explain it in more simple terms, a tariff makes the prices of goods go up, YOU the consumer, pay the tariff at the end, it aint affecting no one but consumers, because we arent going to stop buying chinese products any time soon.
Very clear explanation.
Us company before tariff : cost 15$ shoe sell for 150$ barely making a profit.
Us company after tariiff: cost 18$ shoe has to sell at 250$ now to barely survive
This was really helpful and it all finally clicked. Thank you!
The issue is far more complicated than this. CNBC is only focusing on the surface level criticism
Sus
We're in 2024. Did he acheive the reduction of the trade deficit by now? Im not American, so I wasnt following up..
Very nice and informative video! Easy to understand while I work with tariffs at my university! Have a nice day!
Very helpful series
*US taxpayers paying money to their government via tariffs,,,, SIMPLE. AFTER ALL REDUCTION IN TAXES FOR RICH. TARRIFS ARE LAST SORT OF RESORTS.*
I don’t understand why you put high tariffs on imported items to save some money and your people pay more to buy those goods instead !!!???
That ways it explain wow everything just digested tq CNBC
It was a great explanation👍
thank you CNBC
They dint explain how increase in tarrifs can boost local industries/manufacturing and increase GDP.
It will cause overall decline in living standards, because you're getting rid of specialization and division of labor which is proven to be the key to effectiveness way back in 19th century.
No, they won't increase GDP, foreign companies working at your market also count towards GDP. By giving the monopoly (and tariffs is exactly that: a monopoly or a subsidy to domestic companies) to local companies we will see falling supply of those goods, which will cause something exactly opposite to a growth, called decline if all other factors are equal.
@@zigoter2185 True, but: *you're.
I love this channel
The factual part of tariffs was great in this video! However it would have been great to refrain from interjecting personal point of view instead and stick to non-bias reporting.
Can you point out the subjective parts in the video?
What was so biased? Also, the word is "biased," not "bias." The latter is a noun.
Can you explain what is a govt bond or bond/debentures in laymans terms
Nicely explained.
Can you make video on how the US election works
see...us plebs vote so that our state electors know how much we hate each candidate. our electors are then suppose to go to the electoral college (think galactic senate) and cast the real vote that actually decides who gets to be president because our founding fathers said, "we hate kings and we can't trust plebs." but this vote comes after they ritually slaughter 1,000 sheeps and bathe in their blood while engaging in banquets and orgies for 30 days. at any time, because they've had too much beer, wine, liquor or prostitutes, any elector can say, "screw you, i do what i want," but most are scared that by doing so, they join the dark side and will have to look out for jedi masters their whole life. however, that didn't dissuade 5 electors from abandoning Hilary Clinton and joining the dark side in this last election.
I love this channel. This is the way all news should be. Until this piece, which seems very one-sided. Please educate us on the pros, cons, the facts and keep political opinion out.
Can u do a video on how exchange rates valued are arrived...what drives them to fall or increase??
Well explained
From what you just explained. And me being from the highest educated generation. I don't like trump . But it sounds like hes trying to make were American businesses. So that Americans are not working for foreign companies anymore. And being that the world's economies based on the US dollar. More American products mean A better aconomy in the long run. Which also means lawmakers will have less of a Advantage over the American people Meaning less laws. For suppose a free country We have the highest incarceration rate the most laws. New York and New Jersey have The strictest gun laws. And in turn have the highest rape and crime ratings. They pass new laws because prisons are so fool That unless you are a murderer Or caught with a weapon You get let go. There so many pedophiles and rapists that do 3 to 6 months in prison and are released because of some of these laws. Need too tax 711 Holiday Inn trader Joe's American apparel sunglasses hut General Electric's Burger king Ben and Jerry's Budweiser Hallmanns. All of which are not American based companies if little less than 2% Equals up to Over $30 billion Over $150 billion Goes overseas From American Pockets. We only export $60 Billion worth hmmmm Don't take a rocket scientist to figure out why Americans are struggling so much We need American companies
AQUELA COMPANHIA E VS DE IKEPEDIA ATEZAPS #
Great video, learned a lot.
Tariff - Tax imposed on a coutry's imports from the rest of the world
The country you impose the tariff on will suffer for a period of time in the form of lay off of workers, decrease of manufacturing, wage freeze and so on. The country imposing the tariff will suffer in the long run by a loss of trust, less product for consumers, higher item cost, and possibly lose most favoured nation status.
@aledwards6119 It works if you're industrializing, but I've never heard of one case of an advanced economy doing it. This is not going to end well, and my stocks are going down.
Please make a video on the Fourth Industrial Revolution. There’s already a video on CNBC International of the same, but it’s only 1-minute long.
Seems like money that should the manufacturer should be paying to the work force.
So.... the government taxes the manufacturer, the retailer AND the buyer for the same product? And the buyer is buying it with money that has already been taxed.
WTF?
Prices go up, they don't come down.
so the tariff gets applied to products already in the country too? thats how tractor supply co. is doing it.....
ye i'd like to have an unbiased report on the economy. this is very biased...you give the facts and let the observer come up with their own conclusion
Well made, clearly explained. GG
Gained quite much from watching this video. Very explanatory.
Who is watching this in 2024 after trump announced 25% tarif on cananda
So tariff = tax that mostly target poor people.
corporate tax = the tax that targets poor people that same as a tariff. it just makes people feel like it only affects the corporation.
I notice that you guys mostly focus on the issues or the topic that are American, but try to be a Global community more. What I am trying to say is focus on the otherside of the planet also. I know you have few topics about other countries but they are very less. Remember CNBC is a Global news channel.
Superb video
Then what about us Indian customs duties make upto 50% for China imports and sometimes no duty at all it's gambling here.
well done
Can someone sit President Trump down and make him watch this?
This video glosses over the requirement that US importers need to pay tariffs (import duties) prior to imported items being allowed to enter the country. And, often importers need to borrow to pay these duties, and are liable for interest. Thus the cost to the purchaser is increased, and payed by citizens, not producing nations.
i love your job ........ you keep travelling a lot !! my dream job !!
Great explanation and easy to understand, Thank you !
What a beautiful explanation,,,nice editing ,,, appreciative
Suggestion for next episode- How Nordic countries are able to afford welfare state?
small population and a robust economy is the answer
I think there was already a CNBC Explains on that topic.
Chitranshu Vashishth, focus of budget is not military, but people and their well fare.
And US spends lot more per capita than those countries, as its inefficient.
Sacchi focusing too much on welfare spoils the population and makes them ineffective and clips human creativity but that does not mean that welfare is not at all important , not everything has to be spoonfed , somethings are to be earned. Yea agreed that further increase in military budget is not needed but it is this huge budget that enables and promotes Innovation , invention and startups through the military that in return helps the general population . This internet , wireless communication , GPS and many medicines were meant for the military at first but now it benefits the citizens and makes their life easier .Productive Investment in the Military is the reason why the US leads in technology and space race
Sacchi
ok, i'm not trying to sound dick right now but you made absolutely no sense to me right now. Would you be able to repeat it but without skipping every other word? No but seriously tho, im interested in what you have to esay, i"m still blown away how this is straight a global conversation, talking to people from around the world!! What better way to discuss important issues that may even be uncomfortable to speak of at times, everyone still has a right to there opinion, no matter how sure one is that theres is the right one, should nonetheless be respectful
Isn't buying locally made goods and reducing unnecessary shipping better for the planet? I kinda worry that a lot of manufacturers go to China to circumvent American environmental, health, and labor laws. So, encouraging people to buy locally made goods actually seems a bit more humane, healthier, and more environmentally friendly?
It isn't, because China can sell those at a lower price, because they work more efficiently, than domestic producers. So to import goods from China is less wasteful, than to make those in the USA.
I might be wrong, but I have a theory that the less something costs, the less overall energy it takes to produce. However you have to balance that with the cost of the extra pollution and workforce mistreatment some of these countries have.
@@zigoter2185 by work more efficiently, you mean pay the workers less and don't have to worry about dumping pollution in the air. then yes its more efficient.
@@dragonrider269 duh, okay and? Your point?
@@dragonrider269 duh, ok and? Your point
you buy cheaper product but you don't have job. So what is the point with cheap production but you don't have money to pay for...
Tariffs = a National Sales Tax on American consumers.
I love CNBC explain series!
Its 2024 and the tariffs did not help one bit ... shocker i know!.
Tarifs only hurt companies who are exporting which in turn hurts the consumers which is you because the cost is passed on to you . So at the end the American people loose but they won’t tell you that
Well explained.. thank you 😊
these explains videos are good and short
I hvnt seen anywhere they r raising Kashmir issue... Video was quite good but pls change the tag
Thank you this video was very informative and interesting to watch.
In summary, shareholders don’t like to lose margins so the cost gets passed on to consumers. Typically US companies still can’t compete so even with tariffs foreign product are still a lower cost choice but now even at a higher price. What the US fails to do is help US companies become more efficient to be able to produce products at lower costs. We can than Reagan-notices for companies running to China to lower product prices at the cost of higher unemployment.
There’s no way a product would be cheaper to be made here in the USA. A watch cost way far less under $1 to be manufacturer in China, and then big brands slap their name on it or create the hype, and retail it for over a 300%+ margin.
Great job at explaining what tariffs are, but don’t mislead the American people with BS number examples. Lol
History repeats itself.
Imports: tariffs
SMUGGLED GOODS :🤣
"Wait, so you're telling me that putting tariffs on China _doesn't_ mean that China is gonna is gonna pay for it? It's gonna be the American consumers???? 😨😨"
Buckle up everyone, the next 4 years in the US are gonna be wild!
US has been screwed for awhile, let Trump make the change. Economy will adjust.
Only 2 more years. Hang in there American friends
Michael Jordan
He will definitely run for the second term
he won't have a huge margin this time but he will win if and only if he gets the backing from corporates , working class population are less likely to vote for him
Anik Roy depends on the Dems candidate. But he doesn't have Facebook and the "Russians" in his corner this time around. Americans are no better off now and policies like these tariffs, children in cages etc are only going to make things worse.
Michael Jordan Dems have a higher chance of winning this time only if they have a candidate that has the balls to trump Trump . Dems have become a joke lately , they talk about Trump's Russia collusion ( which is partially true ) when Senator Dianne Feinstein office got inflitrated by the Chinese secret service the MSS . TBH American Democracy and freedom is under attack and both the parties got infiltrated by the Chinese and the Russians . Only a senate investigation , the FBI , the CIA and the intelligence community can save America in this cold war waged by the chinese and joined by the russians .
*6 if America is dumb enough to do it once they're dumb enough to do it twice
1950's:england promised Hong Kong back to China on condition HK was allowed autonomy. CCP broke that agreement after taking HK.
1970's: Nixon offered China some limited access to us domestic market ,dissuading the CCP from continuing support for North Vietnam's Viet Cong proxy war on South Vietnam, this did then help persuade NV to a peace deal in Paris (JFK's goal when 1st sending in volunteers),after they lost almost all their VC and supply lines from their '68 tet offensive.too bad the Soviets resupplied the communists who then violated their Paris deal after Nixon was gone and democrats ruled congress, cutting off SVietnam's supplies.
Make a video on Indian Telecom market in last 2 year's
suggestion for next video - who will be the real victim of Oil war between USA and IRAN?
How will it affect the world?
krishna America has its own oil to sell now
Now you have to edit the video and delete the phrase India from tarrif free
Make all them pay 30 % higher so we can be the richest country in the world
Trump loves to watch cable news so much. Can FOX and FRIENDS broadcast this so Trump could learn? I’m so fed up already with Judge Jeannie.