@travisjazzbo3490 If Trump doesn't make it to the end of his term - Usha - FLOTUS Vivek - VP Nimrata - Sec. of State Vishnu save the USA!!! 🇺🇲🇺🇲🇺🇲 Awesome😊
@@A34NR If I was Trump, I would 'retire' at 3.0 years in and ride off into the sunset and let Vance take over and appoint a VP at that point. That would be SO COOL!! Have a huge celebration like a massive gathering at Madison Square Garden again... it would be awesome!
❌❌ NOTICED HE DIDN'T SAY ....INDIA! India produces many of our pharma products too! we have lost MILLIONS of GREAT PAYING TECH JOBS TO INDIA TOO! and INDIA will BE THE NEXT USA CHALLENGE! WORSE THAN CHINA. INDIA wants to DOMINATE CHINA, USA, RUSSIA, EU, ETC. ITS REVENGE OF THE $100 TRILLIONS HUMILIATION LOOTED FROM THE WEST! ❌❌
@@bobidstein9107 ❌SWAMY DOESN'T WANT CLEAN AIR, WATER, AND SOIL! VR MOVE YOUR FAMILY TO FLINT, MI AND ENJOY THE POLLUTED WATER! WANTS AMERICANS TO WORK FOR PENNIES A DAY AND NO WORKERS RIGHTS❌ NOTICED HE DIDN'T SAY ....INDIA! India produces many of our pharma products too! INDIA HAS STOLEN MILLIONS of GREAT PAYING TECH JOBS ! INDIA STEALS OUR INTELLECTUAL PROPERTY THAT ARE WORTH TRILLIONS! INDIA will BE THE NEXT USA CHALLENGE! WORSE THAN CHINA. INDIA REVENGE OF THE $100 TRILLIONS HUMILIATION LOOTED FROM THE WEST! ❌❌
@@Stantheman4444 Yeah, unfortunately as a president, you actually don't have much time, bureaucracy takes forever. That's why presidents have to decide what they are going to focus their terms on, since they can't do everything. In Trump case, he focused on the Border Wall, Tariffs, and some Tax stuff too, I' think he just didn't have time to do the regulatory thing, although I wish he did.
@choomanfoo157 Trump was writing EOs constantly. He had time to do a $90+ billion tax break for the wealthy and stuck Americans making $75k or less with the bill until 2027. He was definitely golfing and posting to social media at a constant pace. They had conplete control of the government for 2 years and claimed they had a plan. Dont make excuses for an inept president.
What was so brilliant about his answer. Cut back on regulations or fair pay for a service, or sick pay, holiday pay, paternal pay?? So let’s go back to the time when people worked 12 hours for crumbs, could not take sick time or get holiday pay, let’s cut back on work safety.
@@lg_ada2695People work for crumbs right now. People have to work 2 jobs in many places. What does your argument have anything to do with tariffs? Nothing.
of course the oligarchs like Elon Musk want tariffs on foreign goods in order to protect their uncompetitive sector of the economy. Trump/Biden tariffs are to crush the workers, which people like Elon Musk or the bosses of the dockworkers union want to make sure they do not have to pay more; even after they made billions of dollars during the pandemic. Buttigieg would push Biden and Kamala to use the law to crush the union strike, just like Reagan would and just like any Republican would.
@@lg_ada2695You place tariffs at a level that they can't price dump and the plan is to give them a loop hole that if they want to sell here without tariffs they must manufacture it in America creating more jobs. Then for American companies they will pay a 15 percent tax for being American based further pushing companies here that will invest in plants and wages.
I retired from Customs after 32 years with them and 4 years with Navy DoD. One of the biggest problems with merchandise from China is that a lot of it is grossly undervalued, sometimes at less than 1% of its actual value. That’s besides misdescriptiom/misclassification, false country of origin declarations, etc.
I remember when Australia started to remove tariffs back in the 80s at the start of globalisation. Since then we have lost all our major manufacturing more heavily than the USA. The only things that have kept out economy strong is primary production. Its been a terrible policy for Australia...We need a change here too.
Very interesting thank you. I will say this: the current Regulatory Cost of doing business in the U.S. is $1.37 TRILLION; under obama it was $350 BILLION; under President Trump it was $53 BILLION. So I'm a fan of Ramaswamy big-time, but this has been obvious for a few years now. As for Australia I cannot speak to those issues but I'll be surprised if they are not similar. Good luck Mate. I'm a fan of Australia and its people too. Wish both all the best.
China is controlling Australia and Canada even more than the US. The US Constitution still has enough teeth to keep them down a little. Pray. Pray. Pray. We all need to turn back to God, and regain His favor. He is The Power.
This is a hypothetical scenario. Let’s say 25% of Australia’s population works in manufacturing jobs with tariffs. Now that the tariffs are gone and manufacturing jobs are leaving, 25% of the population has to find a new job/skill. Would this not push them to learn more advanced skills, bringing in more innovation and advancement to Australia?
❌❌ NOTICED HE DIDN'T SAY ....INDIA! India produces many of our pharma products too! we have lost MILLIONS of GREAT PAYING TECH JOBS TO INDIA TOO! and INDIA will BE THE NEXT USA CHALLENGE! WORSE THAN CHINA. INDIA wants to DOMINATE CHINA, USA, RUSSIA, EU, ETC. ITS REVENGE OF THE $100 TRILLIONS HUMILIATION LOOTED FROM THE WEST! ❌❌
@@elskeletor3566 That's weird, dont you think so ? Though I do want to make clear what Vivek means... Vivek: "A job of the company is to maximize share holder value. Period." 95% of the shares are owned by top 1% of the wealthy Americans. i.e. Corporates ONLY work for top 1% of the wealthy Americans NOT for everyday consumer Americans.
People don't seem to realize how close we are to being back to serfdom/peasantry. If you weren't born into this world with money, you will never have it. There is no moving up from your class anymore. There is only rich and the poor. I made the wise decision of investing with my FA Abby Joseph Cohen and that has been my financial saving grace in this trying times
I plan to retire at 62 in another country outside the US that is free, safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that times arrives but I'll also have at least one pension, a 403 (b) and a very prolific lnvestment account.
I know this FA, Abby Joseph Cohen Services but only by her reputation at Goldman Sachs; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since I watched her interview on WSJ last month
@@KimJimCastroWell her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
70,000 jobs a day? I'm not falling for that bs. These companies will fire their entire workforce before CEO's, boards, and shareholders ever take a hit and that will be the only reason jobs will be potentially lost.
❌SWAMY DOESN'T WANT CLEAN AIR, WATER, AND SOIL! VR MOVE YOUR FAMILY TO FLINT, MI AND ENJOY THE POLLUTED WATER! WANTS AMERICANS TO WORK FOR PENNIES A DAY AND NO WORKERS RIGHTS❌ NOTICED HE DIDN'T SAY ....INDIA! India produces many of our pharma products too! INDIA HAS STOLLEN MILLIONS of GREAT PAYING TECH JOBS TO INDIA ! INDIA will BE THE NEXT USA CHALLENGE! WORSE THAN CHINA. INDIDA REVENGE OF THE $100 TRILLIONS HUMILIATION LOOTED FROM THE WEST! ❌❌
Harley had a unique, patriotic product for boomers, one that had to be made in America and one that is American in history. They could overcharge for it and, boy, did they. They marketed the shit out of Harley paraphernalia. Tariffs were just a fillip. Boomers fading, Harley will shrink to oblivion.
Biden-Harris also have tariffs on Chinese EVs to protect US EVs. Selective tariffs, especially on non-essentials work, however, Trump proposes tariffs on EVERYTHING which does not and will cost Americans.
AS long as consider there is a tangible $ value in having the car built here with US workers and a cost in workers losing their jobs. So if the foreign product is just little less than the American product it is still more costly to the USA as a whole.
I’m a land surveyor and I see water valve covers saying made in “India”. Half the time the metal collar it too small for the housing. Doesn’t even protect anything underneath from weather lol…..Please bring back US manufacturing at a larger scale
Vivek is right about regulatory compliance and it's associated costs. The National Association of Manufacturers (NAM) reported that the federal cost of regulations for manufacturers was approximately $350 billion in 2022, with small manufacturers paying $50,100 per employee annually to comply with federal rules
I work for a chemical company, and we’ve lost products to overseas, because the EPA has made our products to expensive for our customers. China now makes the products that we used to make with absolutely no restrictions at all. No pollution controls. I ask, which one is worse for the environment.
What if companies in the US were allowed to establish a manufacturing zone in which they could build a huge plant and have thousands of acres surrounding the plant with tiered housing thats anywhere from free (the low end) to like half the cost of what is normal (high end housing) rentals or rent to own. Alot of it would be tax write off for the company. It could be partially self sustainable with crops livestock to provide eggs, dairy, meat etc for free for the workers. But the catch is the majority of the jobs pay less than a typical union job but enough to save a substantial amount of money especially after several years. In this scenario you could save 50k after five years if youre a low end worker double it if the company matches
Tariffs are a tax on foreign nations for access to our market. Since we import more than we export, it is more important for us to ensure our money stays in our country rather than being transferred to foreign countries. Mostly we export raw materials like lumber or scrap metal and we import finished products. Tariffs would encourage manufacturing here.
@@alfredomartinez9508 I know that if you send all of our jobs and money to China and the people who unload the boats go on strike, you are a prisner of the dock workers. I know if you print 80% of all money in the last 3 years you will get run away inflation. I know if you maufacture your own products in your own nation you can't be held prisner by people who unload boats for a living. I know if you sell more than you buy, you will go bankrupt in short order. I know that manufacturing drive an economy and one new manufacturing job in the U.S. results in 7.4 new jobs in other industries. I know that manufacturers contributed $2.87 trillion at the annual rate to the U.S. economy in Q1 2024. I know that for every $1.00 spent in manufacturing, there is a total impact of $2.69 to the overall economy. Manufacturing employees earned $98,846 on average in 2022, including pay and benefits. In 2023, 93% of manufacturing employees were eligible for health insurance benefits. Manufacturers perform 53% of all private-sector R&D. The cost of federal regulations falls disproportionately on manufacturers.
Well, they're more like a tax on domestic retailers who are importing those products, then they raise prices to the comsumer to still make a profit. The idea is this higher cost is supposed to motivate domestic production
@@paulg6274 The tariff makes their products less attractive and forces the consumer to think about where they are sending their money. China has risen to be powerful using American dollars and the greed of corporations. They moved all the production to China but didn't lower the prices to reflect the lower cost of production to the consumer. Cooperate profits and executive salaries sky rocket while worker income falls and prices rise. So called free trade came at an exorbitant cost to the middle class and quality of products fell through the floor.
@@frotobaggins7169 So if tariffs become so high that corporations manufacture domestically, are they going to stop being greedy? Prices will obviously go way up. Remember capitalist theory is ppl are supposed to be as greedy as possible, and consumers aren't supposed to be concious about where they send their money, they're supposed to purchase the best product for lowest price.
❌❌ NOTICED HE DIDN'T SAY ....INDIA! India produces many of our pharma products too! we have lost MILLIONS of GREAT PAYING TECH JOBS TO INDIA TOO! and INDIA will BE THE NEXT USA CHALLENGE! WORSE THAN CHINA. INDIA wants to DOMINATE CHINA, USA, RUSSIA, EU, ETC. INDIAS REVENGE OF THE $100 TRILLIONS HUMILIATION LOOTED FROM THE WEST! ❌❌
❌SWAMY DOESN'T WANT CLEAN AIR, WATER, AND SOIL! VR MOVE YOUR FAMILY TO FLINT, MI AND ENJOY THE POLLUTED WATER! WANTS AMERICANS TO WORK FOR PENNIES A DAY AND NO WORKERS RIGHTS❌ NOTICED HE DIDN'T SAY ....INDIA! India produces many of our pharma products too! INDIA HAS STOLLEN MILLIONS of GREAT PAYING TECH JOBS ! INDIA will BE THE NEXT USA CHALLENGE! WORSE THAN CHINA. INDIA REVENGE OF THE $100 TRILLIONS HUMILIATION LOOTED FROM THE WEST! ❌❌
The benefits of a tariff are visible. Union workers can see they are "protected". The harm which a tariff does is invisible. It's spread widely. There are people that don't have jobs because of tariffs but they don't know it. Milton Friedman
@@-8h- Zero-sum game fallacy. What next? You gonna tell me that even though some jack@ss broke my window it's good for the money velocity because I pay the repairman?
@@-8h- You just don't understand free markets. Learn more about it. Don't be like the democrats. We are in this mess in the first place because of ignorance.
If Vivek was White, he would have been the President end of 2024 - what an intelligent guy, its a shame he will never be voted in by majority republicans !
Tf you mean? He started largely unknown with no rating, to having the highest polling numbers of all the republican candidates by the end of the primaries, aside from trump and desantis. Most republicans, in fact most people, just don't care about skin colour anymore.
When the US steelworkers union allowed huge wage increases which cost the US to lose the Sreel business and now the longshore union is doing the same thing which just makes the cost of doing business in the US hopeless.
❌❌ NOTICED HE DIDN'T SAY ....INDIA! India produces many of our pharma products too! we have lost MILLIONS of GREAT PAYING TECH JOBS TO INDIA TOO! and INDIA will BE THE NEXT USA CHALLENGE! WORSE THAN CHINA. INDIA wants to DOMINATE CHINA, USA, RUSSIA, EU, ETC. ITS REVENGE OF THE $100 TRILLIONS HUMILIATION LOOTED FROM THE WEST! ❌❌
It doesn't matter. There are specific services and manufacturing processes that are necessary for us to be a country. If there is no manufacturing base we're essentially not a country.
Regulation stifles competition here at home. Lack of tariffs or some kind of penalty allows too much foreign competition. Gotta find a middle ground that's tilted towards American based production. That means less regulation lower taxes and tariffs on foreign goods
The thing is that he basically admit that trump doesn’t mean or believe that the Mexico car tariffs are a good idea. Yet his fan base definitely took him serious and convinced themselves that they actually are a good idea.
Regulations and UNIONS are the reason American made products are unreasonably expensive. Loosen regulations and abolish ALL unions prices drop. Pactically overnight all other nations are competitive, not because they raised their prices but because ours have been cut in half. Then the cost of living drops because the wages drop to a realistic uninflated level. This is basic high school economics. I live in an expensive county with prices higher than another around me. Why is it expensive? High density of Dr's, lawers and union labor. Higher wages=higher costs. Lower wages=lower cost. 101.
You must be younger and most likely a C average student huh? Why don’t you google that dumb shit you just said and go read a little bit. Learn some history. Actually learn about economics. Smh..this is why these rich guys keep getting richer while offering nothing. Idiots like you giving them value.
But at 4:10, you didn't explain how relaxing the "flawed regulations" along with the free market would reduce the accident rate. Maybe I'm slow, but I need more to understand how the market might handle that.
Government provides subsidies on new manufacturers & reduces taxes on materials which creates jobs … I think that will solve USA problem … but most things nowadays most countries manufacture themselves… because of the tarrif war export will be a issue… unless usa products will be top of class in technology
Tariffs that save jobs in the steel industry mean higher steel prices, which in turn means fewer sales of American steel products around the world and losses of far more jobs than are saved. Thomas Sowell
For example foreign governments subsidizing it's manufacturers to sell it's product at a loss to sell in the U S while it is illegal for the U.S government to do the same. Japanese cars entering U.S car market back in the day
Fun facts: Just five cars sold in the U.S. are made in China: the Lincoln Nautilus, Buick Envision, Volvo S90, Polestar 1 and Polestar 2. There are no Chinese-branded passenger vehicles for sale in the U.S. Also Ford Fusion, Ford Fiesta, Chevrolet Silverado, Ram truck, GMC Sierra, and Dodge Journey are all built in Mexico.
Sometimes i love Patrick... Listening to how he speaks about the economy... Hell he doesn't own top brand wallet no not $200 but $100. Im okay with my Burlington wallet $10 and everything fits.. thank you i will continue to watch
So Trump wasn't honest about China paying the tariffs. No business in their right mind will PAY something without passing it on to consumers. Whether you increase minimum wage or get taxed etc. However Tariffs are needed to counter unfair competition and preserve remaining jobs in the country. It is unwise to allow one company or country to hold that much power in being the ONLY manufacturer.
You have to run tariffs on countries that do not compete in a roughly fair manner. Unlike this channel post, I can see reducing regulations yes, however, I do want clean air and clean water, so there’s a balance. There’s only so many regulations you can collect reasonably and have clean air and clean water. I think the answer, is tariff countries that do not have clean air and clean water regulations to the point where our businesses can compete. I can see the idea of not adding more regulations sure, even cutting some. I can’t see cutting clean air and clean water though. There’s a reasonable limit to what the Vivek is talking about. I think the debate he’s talking about, comes from middle of the road Democrats that I’ve joined the party, and it’s a meaningful debate with value. This is why it is wonderful to have some socialist and middle of the Democrats join the Republican party, we get responsible Good arguments from the other side. One of them is, how much regulations do you cut? I can appreciate that. For example, if you want to make housing more plentiful, one argument is to cut zoning regulations, however, the pro zoning regulation people will point out, that you don’t want a leather factory next to a home subdivision, so it’s good to hear from other sides and revise positions and policies to make them better. Thanks for reading.
@@rmikel14789 I believe in sensible policies. If something isn't working to go back to the drawing board to hurry up and fix things instead of holding policies hostage like if you don't don't pass this I won't vote for this etc.
@@rmikel14789 but I agree with. We need to come together as Americans to debate the pros and cons and try things out and if it don't work cause some things sound great on paper but terrible unforeseen consequences. Cause the truth is I feel our government are a bunch of imbeciles who want to get rich at the expense of Americans.
Thomas jefferson banned all inland taxes and funded the government through tariffs alone. There would be some steps to get there but that is absolutel attainable today.
I’m tired of these people talking about America is being unfairly treated. We are the leaders of the free world, have been for a lot of years now, we set the standards that is good enough for us at that moment. Places like China, India, Mexico work around those standards we set and as time go on the learn to adapt and become better, then we cry that we are being unfairly treated. It was only a matter of time where this changing the rules concept would have run out.
And not the salaries, salaries have nothing to do with things been more expensive in the US than in most of the other countries on the world. I can think on so many things that will make things more expensive to build here in the states. Cost of energy, taxes, bureoceacy, “being friends with politics” those things add much more costs than other countries not being as regulated as the states
But problem for other countries is that when they import from USA they need dollars due to which they need to maintain it's reserves but that's not the case with USA because it prints it . Therefore many countries apply higher taxes on high value product when they are directly imported instead of being locally made . Dollars being involved in the transaction is already not a even level field for most countries. I am amazed no one is raising this point.
With the railroads u have collusion among the rail companies and almost no competition to undercut there pricing! All it takes is for more competition. Regulations weren’t the problem and the east Palestine disaster, it was gross negligent and incompetence.
Companies AND/OR shareholders want 3 scoops of ice cream (greed or "MORE than enough), however they can still profit (have the ice cream) but have only 2 scoops.
One can not but love how in this show you sometimes epitomize Milton Friedman's free market philosophy and yet simultaneously talk so freely about placing tariffs and barriers to competition as long as it suits national interests and it can be justified with bogus claims of national security, or evening a playing field without getting into how it is uneven in the first place. In the end, it just unmasks how the way that capitalism is practiced by the large economies is just a sham and a joke. Agree with Trump in the sense that he is doing the unmasking and by introducing his protectionist policies is doing away with a questionable idea that globalization was an economic panacea for all. In the end globalization could only last the time that it took the US and Europe to be butt f.....d by its own policy. And the time has come. Power to the Don.
I’m not a big tariff fan, but have to say Trump uses them as a tool to create better business outcomes for the U.S. and is brilliant in his use of them.
@@kassygendron3022 Prices were not low under Trump. Especially after he imposed tariffs on China. For Example: Electronics: The price impact on consumer electronics like smartphones and laptops was analyzed by industry experts. According to the Consumer Technology Association (CTA), the tariffs could raise the price of a smartphone like the iPhone by as much as 14%. Other reports from CNBC also indicated that laptops and electronics saw potential price increases between 10% and 20%. Appliances: A study from the Federal Reserve Board found that the tariffs on washing machines directly contributed to price increases of 12% for washing machines. Sources like Bloomberg also reported that other appliances, such as refrigerators, saw increases between 10% and 20%. Clothing and Footwear: The American Apparel & Footwear Association (AAFA) reported that tariffs on clothing and shoes led to price increases between 5% and 15%, depending on the product and company strategies. The Wall Street Journal noted similar percentage ranges for footwear. Furniture: A report by The National Retail Federation (NRF) indicated that tariffs on furniture led to price hikes of 10% to 25%, with many furniture retailers passing these costs on to consumers. Toys and Sporting Goods: According to the Toy Association and coverage by Reuters, toy prices increased by about 5% to 10% as a result of the tariffs on Chinese-made toys. Some sporting goods, such as bicycles, experienced increases of up to 15%. Automobile Parts: Research by the Center for Automotive Research (CAR) estimated that tariffs on auto parts could lead to price increases between 5% and 10% for parts, which contributed to higher costs for repairs and new vehicles. The New York Times also reported similar findings regarding auto parts and related costs. Tools and Machinery: Reports from Industry Week and CNBC indicated that tools, industrial machinery, and equipment experienced price hikes of 10% to 20%, reflecting the tariffs' impact on manufacturing and construction industries. Food Products (Seafood): Tariffs on seafood products such as shrimp and fish led to price increases of about 10%, according to reports from SeafoodSource and The Washington Post, which analyzed the trade war's impact on food imports. This is America, do you honestly think these corporations would just eat the cost and not pass it off to the American consumer?
@@kassygendron3022of course prices go up with tariffs. That's literally what a tariff is, the importer has to pay more to aquire the product and they need to maintain their profit margin
Credit Trump. He's gathered together a group of brilliant, hard working people to form an incredible government for our country. Patriots all. Need it be said, vote Trump/Vance.
I feel like less regulation would lead to more shenanigans, like improper disposal of waste or, like we just saw recently, companies forcing people to work during environmental disasters and those people losing their lives…
He is right about using tariff to make a fair and even playing field, especially if the other party is taking advantage of you in the first place. Why only America is not allowed to use tariff?
Tariffs raise prices for consumers. Every time. Tariffs are almost literally increased insulation and anti consumer. They're never better for the consumer.
Tariffs only hurt both the USA, they remove affordable products from us and increase the costs of replacement products to us. We need to learn how to compete with those ahead of us.
We need to become self-sufficient and minimize relying on foreign companies. Especially essentials like medicines, food, certain appliances, chips, electronics etc etc etc... Then, we need to have fair trade practices for the rest.
Tariffs don't hurt us... Income tax does. Before 1916 the federal gov solely ran on tariffs. Keep that in mind. Income tax is a "new" development by the Central bankers
This is incorrect. What prices went up during Trump's presidency? Can you please tell me? Because the price of everything went DOWN during his presidency. By a lot.
@@calista1280Yep. This port strike is really shining a light on how badly we rely on foreign countries. Our entire country is going to fall apart because we can't import from foreign countries. That should NOT happen.
I suppose cost per man hour labour would also play a big part in price of a product , we could offset it by factors like much more technology in production and shipping...it would have been better if pat would have delved into it more
I think we should go back to paying for the federal government with tariffs and excise taxes, like was done before the income tax was allowed. I believe we should PAY FOR ALL OF THE COSTS ASSOCIATED WITH HAVING UNEMPLOYED WORKERS WITH THE TARIFFS. Taxes discourage whatever is taxed. If you tax work via income taxes, you are discouraging people from working and making money. Tariffs discourage imports, and the local businesses have the opportunity to provide the wanted goods, employing American workers to do so. Americans working pay taxes and spend money creating jobs for other Americans.
The US should have done that 20 years ago. This will cause a massive raise in prices as there is a huge (too big a dependance)dependance on chinese manufacturing. Sadly this applies to most countries
A tariff on a company stops outside manufacturing sales, pertaining to made for a nickel but we charge five dollars. A tariff on a country is just a fuck you flex.
Import tariffs are paid by the importer in the US not the shipper in China. The importer will have to pass the cost on. Why does Trump not understand this?
Our food and water supply are some of the worst in the industrialized world if not the worst. Please don’t gut regulations, we’re already being poisoned enough.
Why don't we have our own manufacturing in the US?? By the time we pay shipping cost wouldn't it be cheaper for us to manufacture and ship abroad? We have to restructure our manufacturing to create more jobs🎉
Vivek is a rockstar. They don't get any better than Vivek
@travisjazzbo3490 If Trump doesn't make it to the end of his term -
Usha - FLOTUS
Vivek - VP
Nimrata - Sec. of State
Vishnu save the USA!!! 🇺🇲🇺🇲🇺🇲
Awesome😊
@@A34NR If I was Trump, I would 'retire' at 3.0 years in and ride off into the sunset and let Vance take over and appoint a VP at that point. That would be SO COOL!! Have a huge celebration like a massive gathering at Madison Square Garden again... it would be awesome!
Intelligent men are not wanted, because they are hard to fool. Vivek is such a man.
Sydney AUST.
That’s why Trump didn’t choose him as his vp. He would make Trump look dumb.
Very intelligent and sensible which is what we really need for the USA.
❌❌ NOTICED HE DIDN'T SAY ....INDIA! India produces many of our pharma products too! we have lost MILLIONS of GREAT PAYING TECH JOBS TO INDIA TOO! and INDIA will BE THE NEXT USA CHALLENGE! WORSE THAN CHINA. INDIA wants to DOMINATE CHINA, USA, RUSSIA, EU, ETC. ITS REVENGE OF THE $100 TRILLIONS HUMILIATION LOOTED FROM THE WEST! ❌❌
A trade war and tarrifs exponentially increases the cost of living is sensible? 😂😂😂😂😂😂
@@bobidstein9107 ❌SWAMY DOESN'T WANT CLEAN AIR, WATER, AND SOIL! VR MOVE YOUR FAMILY TO FLINT, MI AND ENJOY THE POLLUTED WATER! WANTS AMERICANS TO WORK FOR PENNIES A DAY AND NO WORKERS RIGHTS❌
NOTICED HE DIDN'T SAY ....INDIA! India produces many of our pharma products too! INDIA HAS STOLEN MILLIONS of GREAT PAYING TECH JOBS ! INDIA STEALS OUR INTELLECTUAL PROPERTY THAT ARE WORTH TRILLIONS! INDIA will BE THE NEXT USA CHALLENGE! WORSE THAN CHINA. INDIA REVENGE OF THE $100 TRILLIONS HUMILIATION LOOTED FROM THE WEST! ❌❌
@@bobidstein9107don’t try arguing with MAGAts they lack common sense
The Constitution grants Congress the power to regulate commerce with foreign nations and among the several states. [ is Trump or Vivek in Congress? ]
Vivek with the great answer, its the regulatory aspect hurting manufacturing instead of the unoin!
Why didn’t Trump remove all the regulatory restrictions while he had complete control of government?
@@Stantheman4444 Yeah, unfortunately as a president, you actually don't have much time, bureaucracy takes forever. That's why presidents have to decide what they are going to focus their terms on, since they can't do everything.
In Trump case, he focused on the Border Wall, Tariffs, and some Tax stuff too, I' think he just didn't have time to do the regulatory thing, although I wish he did.
@choomanfoo157 Trump was writing EOs constantly. He had time to do a $90+ billion tax break for the wealthy and stuck Americans making $75k or less with the bill until 2027. He was definitely golfing and posting to social media at a constant pace. They had conplete control of the government for 2 years and claimed they had a plan. Dont make excuses for an inept president.
Vivek is brilliant with explaining his logic.
What was so brilliant about his answer.
Cut back on regulations or fair pay for a service, or sick pay, holiday pay, paternal pay??
So let’s go back to the time when people worked 12 hours for crumbs, could not take sick time or get holiday pay, let’s cut back on work safety.
@@lg_ada2695People work for crumbs right now. People have to work 2 jobs in many places. What does your argument have anything to do with tariffs? Nothing.
of course the oligarchs like Elon Musk want tariffs on foreign goods in order to protect their uncompetitive sector of the economy. Trump/Biden tariffs are to crush the workers, which people like Elon Musk or the bosses of the dockworkers union want to make sure they do not have to pay more; even after they made billions of dollars during the pandemic. Buttigieg would push Biden and Kamala to use the law to crush the union strike, just like Reagan would and just like any Republican would.
@@calebcharles9074 so how does the tariffs help the man who has to work 2 jobs?
@@lg_ada2695You place tariffs at a level that they can't price dump and the plan is to give them a loop hole that if they want to sell here without tariffs they must manufacture it in America creating more jobs. Then for American companies they will pay a 15 percent tax for being American based further pushing companies here that will invest in plants and wages.
vivek is so smart can't wait to vote for him 4 president
❤ Vivek! 👌🇺🇲
Vivek great job explaining Tariffs.
First comment. I love this Channel and I’m from SOUTH AFRICA.
I retired from Customs after 32 years with them and 4 years with Navy DoD. One of the biggest problems with merchandise from China is that a lot of it is grossly undervalued, sometimes at less than 1% of its actual value. That’s besides misdescriptiom/misclassification, false country of origin declarations, etc.
China's goods are now and have allways been garbage ! And they rip off the US everyday with it!
I remember when Australia started to remove tariffs back in the 80s at the start of globalisation. Since then we have lost all our major manufacturing more heavily than the USA. The only things that have kept out economy strong is primary production. Its been a terrible policy for Australia...We need a change here too.
Very interesting thank you. I will say this: the current Regulatory Cost of doing business in the U.S. is $1.37 TRILLION; under obama it was $350 BILLION; under President Trump it was $53 BILLION. So I'm a fan of Ramaswamy big-time, but this has been obvious for a few years now. As for Australia I cannot speak to those issues but I'll be surprised if they are not similar. Good luck Mate. I'm a fan of Australia and its people too. Wish both all the best.
China is controlling Australia and Canada even more than the US. The US Constitution still has enough teeth to keep them down a little.
Pray. Pray. Pray. We all need to turn back to God, and regain His favor. He is The Power.
This is a hypothetical scenario. Let’s say 25% of Australia’s population works in manufacturing jobs with tariffs. Now that the tariffs are gone and manufacturing jobs are leaving, 25% of the population has to find a new job/skill. Would this not push them to learn more advanced skills, bringing in more innovation and advancement to Australia?
❌❌ NOTICED HE DIDN'T SAY ....INDIA! India produces many of our pharma products too! we have lost MILLIONS of GREAT PAYING TECH JOBS TO INDIA TOO! and INDIA will BE THE NEXT USA CHALLENGE! WORSE THAN CHINA. INDIA wants to DOMINATE CHINA, USA, RUSSIA, EU, ETC. ITS REVENGE OF THE $100 TRILLIONS HUMILIATION LOOTED FROM THE WEST! ❌❌
Ok but you're gonna pay 3x more for a bunch of stuff and those manufacturing jobs are mostly brutal jobs
Always enjoy watching people discussing real world problems.
Love this PBD Thank you
Vivek is so right and so smart
Congraduations, 6 Million! 🎉
Most people don't understand this fact. Thanks to Vivek he has made it understandable to the average guy or gal.
Two people posting the exact same comment. How many bots are here ? @LindaLinch
@@fikkaification She borrowed my comment. It's fine. I'm not a bot.
@@elskeletor3566 That's weird, dont you think so ? Though I do want to make clear what Vivek means...
Vivek: "A job of the company is to maximize share holder value. Period."
95% of the shares are owned by top 1% of the wealthy Americans.
i.e. Corporates ONLY work for top 1% of the wealthy Americans NOT for everyday consumer Americans.
It didn't work in 1929.
FINALLY A SMART PERSON ON YOUR SHOW!
Not a trade war just fairness all around and not always getting the short end of the stick like fools.
Why do we get the short end of the stick?
People don't seem to realize how close we are to being back to serfdom/peasantry. If you weren't born into this world with money, you will never have it. There is no moving up from your class anymore. There is only rich and the poor. I made the wise decision of investing with my FA Abby Joseph Cohen and that has been my financial saving grace in this trying times
I plan to retire at 62 in another country outside the US that is free, safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that times arrives but I'll also have at least one pension, a 403 (b) and a very prolific lnvestment account.
I know this FA, Abby Joseph Cohen Services but only by her reputation at Goldman Sachs; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since I watched her interview on WSJ last month
@@KimJimCastroWell her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
@@JocaShawnWhat country you moving too?I'm headed to Thailand or the Philippines in 4 years.
@@EnaEnrriquesThank you for this tip. I just looked the name up, wrote to her through her webpage and booked a session..
70,000 jobs a day? I'm not falling for that bs.
These companies will fire their entire workforce before CEO's, boards, and shareholders ever take a hit and that will be the only reason jobs will be potentially lost.
Vivek is one impressive speaker. Hope to see more of him in the future.
Great interview
great insight
I m amazed by Vivek's clarity of thought.
Smart guy. Part of our future.
Preach... Reagan put tariffs on Japanese bike makers to protect Harley from predatory pricing and Japanese terrifs.. it worked.
LOL...HARLEY JUST MOVED TO THAILAND, MEXICO!
❌SWAMY DOESN'T WANT CLEAN AIR, WATER, AND SOIL! VR MOVE YOUR FAMILY TO FLINT, MI AND ENJOY THE POLLUTED WATER! WANTS AMERICANS TO WORK FOR PENNIES A DAY AND NO WORKERS RIGHTS❌
NOTICED HE DIDN'T SAY ....INDIA! India produces many of our pharma products too! INDIA HAS STOLLEN MILLIONS of GREAT PAYING TECH JOBS TO INDIA ! INDIA will BE THE NEXT USA CHALLENGE! WORSE THAN CHINA. INDIDA REVENGE OF THE $100 TRILLIONS HUMILIATION LOOTED FROM THE WEST! ❌❌
@@seymorefact4333 that was WAY WAY WAY after the fact, we've had all kinds of "pro-trade" democrats since then... catch up.
Harley had a unique, patriotic product for boomers, one that had to be made in America and one that is American in history. They could overcharge for it and, boy, did they. They marketed the shit out of Harley paraphernalia. Tariffs were just a fillip. Boomers fading, Harley will shrink to oblivion.
Biden-Harris also have tariffs on Chinese EVs to protect US EVs. Selective tariffs, especially on non-essentials work, however, Trump proposes tariffs on EVERYTHING which does not and will cost Americans.
Great information, I get it.
Well he was already a president wasn’t unemployment in record lows. Everyone was working I remember everything being cheaper
There was so much work dude it was insane. Now it's like a piranha nest. Any little crumb shows up and all of us pounce on it.
Facts!
AS long as consider there is a tangible $ value in having the car built here with US workers and a cost in workers losing their jobs. So if the foreign product is just little less than the American product it is still more costly to the USA as a whole.
I’m a land surveyor and I see water valve covers saying made in “India”. Half the time the metal collar it too small for the housing. Doesn’t even protect anything underneath from weather lol…..Please bring back US manufacturing at a larger scale
报价50000美元,从印度买入替代品20000美元,另外30000美元进入了口袋,西方人真的天真;
美联邦政府的多数措施都是为了让资本家或者政府高层更有钱,美国征收了高关税对人民有哪些改善吗?基础设施更好了吗?福利更好了吗?人们更有钱了吗?
看看什么都没改变,国债还创新高,那些关税收入都在哪?
Vivek is right about regulatory compliance and it's associated costs.
The National Association of Manufacturers (NAM) reported that the federal cost of regulations for manufacturers was approximately $350 billion in 2022, with small manufacturers paying $50,100 per employee annually to comply with federal rules
I work for a chemical company, and we’ve lost products to overseas, because the EPA has made our products to expensive for our customers. China now makes the products that we used to make with absolutely no restrictions at all. No pollution controls. I ask, which one is worse for the environment.
What if companies in the US were allowed to establish a manufacturing zone in which they could build a huge plant and have thousands of acres surrounding the plant with tiered housing thats anywhere from free (the low end) to like half the cost of what is normal (high end housing) rentals or rent to own. Alot of it would be tax write off for the company. It could be partially self sustainable with crops livestock to provide eggs, dairy, meat etc for free for the workers. But the catch is the majority of the jobs pay less than a typical union job but enough to save a substantial amount of money especially after several years. In this scenario you could save 50k after five years if youre a low end worker double it if the company matches
Tariffs are a tax on foreign nations for access to our market. Since we import more than we export, it is more important for us to ensure our money stays in our country rather than being transferred to foreign countries. Mostly we export raw materials like lumber or scrap metal and we import finished products. Tariffs would encourage manufacturing here.
You do t know how the economy works do you?
@@alfredomartinez9508 I know that if you send all of our jobs and money to China and the people who unload the boats go on strike, you are a prisner of the dock workers. I know if you print 80% of all money in the last 3 years you will get run away inflation. I know if you maufacture your own products in your own nation you can't be held prisner by people who unload boats for a living. I know if you sell more than you buy, you will go bankrupt in short order. I know that manufacturing drive an economy and one new manufacturing job in the U.S. results in 7.4 new jobs in other industries. I know that manufacturers contributed $2.87 trillion at the annual rate to the U.S. economy in Q1 2024. I know that for every $1.00 spent in manufacturing, there is a total impact of $2.69 to the overall economy. Manufacturing employees earned $98,846 on average in 2022, including pay and benefits. In 2023, 93% of manufacturing employees were eligible for health insurance benefits. Manufacturers perform 53% of all private-sector R&D. The cost of federal regulations falls disproportionately on manufacturers.
Well, they're more like a tax on domestic retailers who are importing those products, then they raise prices to the comsumer to still make a profit. The idea is this higher cost is supposed to motivate domestic production
@@paulg6274 The tariff makes their products less attractive and forces the consumer to think about where they are sending their money. China has risen to be powerful using American dollars and the greed of corporations. They moved all the production to China but didn't lower the prices to reflect the lower cost of production to the consumer. Cooperate profits and executive salaries sky rocket while worker income falls and prices rise. So called free trade came at an exorbitant cost to the middle class and quality of products fell through the floor.
@@frotobaggins7169 So if tariffs become so high that corporations manufacture domestically, are they going to stop being greedy? Prices will obviously go way up. Remember capitalist theory is ppl are supposed to be as greedy as possible, and consumers aren't supposed to be concious about where they send their money, they're supposed to purchase the best product for lowest price.
Vote TRUMP/ VANCE 🙏🏻🌹🇺🇸
❌❌ NOTICED HE DIDN'T SAY ....INDIA! India produces many of our pharma products too! we have lost MILLIONS of GREAT PAYING TECH JOBS TO INDIA TOO! and INDIA will BE THE NEXT USA CHALLENGE! WORSE THAN CHINA. INDIA wants to DOMINATE CHINA, USA, RUSSIA, EU, ETC. INDIAS REVENGE OF THE $100 TRILLIONS HUMILIATION LOOTED FROM THE WEST! ❌❌
❌SWAMY DOESN'T WANT CLEAN AIR, WATER, AND SOIL! VR MOVE YOUR FAMILY TO FLINT, MI AND ENJOY THE POLLUTED WATER! WANTS AMERICANS TO WORK FOR PENNIES A DAY AND NO WORKERS RIGHTS❌
NOTICED HE DIDN'T SAY ....INDIA! India produces many of our pharma products too! INDIA HAS STOLLEN MILLIONS of GREAT PAYING TECH JOBS ! INDIA will BE THE NEXT USA CHALLENGE! WORSE THAN CHINA. INDIA REVENGE OF THE $100 TRILLIONS HUMILIATION LOOTED FROM THE WEST! ❌❌
Vivek 2028! America First
Vivek rocks!🎉❤
The benefits of a tariff are visible. Union workers can see they are "protected". The harm which a tariff does is invisible. It's spread widely. There are people that don't have jobs because of tariffs but they don't know it.
Milton Friedman
This. Surprised Pat didn't reference Friedman at all.
That goes both ways though. In the end, you're losing more jobs without them.
@@-8h- Zero-sum game fallacy. What next? You gonna tell me that even though some jack@ss broke my window it's good for the money velocity because I pay the repairman?
@@-8h- You just don't understand free markets. Learn more about it. Don't be like the democrats. We are in this mess in the first place because of ignorance.
If Vivek was White, he would have been the President end of 2024 - what an intelligent guy, its a shame he will never be voted in by majority republicans !
Tf you mean? He started largely unknown with no rating, to having the highest polling numbers of all the republican candidates by the end of the primaries, aside from trump and desantis. Most republicans, in fact most people, just don't care about skin colour anymore.
When the US steelworkers union allowed huge wage increases which cost the US to lose the Sreel business and now the longshore union is doing the same thing which just makes the cost of doing business in the US hopeless.
Why don't you look up the revenue of Maritime shippers since the pandemic, and then and only then comment on the Long Sherman strike
There should be no minimum wage
❌❌ NOTICED HE DIDN'T SAY ....INDIA! India produces many of our pharma products too! we have lost MILLIONS of GREAT PAYING TECH JOBS TO INDIA TOO! and INDIA will BE THE NEXT USA CHALLENGE! WORSE THAN CHINA. INDIA wants to DOMINATE CHINA, USA, RUSSIA, EU, ETC. ITS REVENGE OF THE $100 TRILLIONS HUMILIATION LOOTED FROM THE WEST! ❌❌
@@gridtac2911then we could have a bunch of slave workers like Asia!
It doesn't matter. There are specific services and manufacturing processes that are necessary for us to be a country. If there is no manufacturing base we're essentially not a country.
We will never be competing on an even playing field with so much wealth is at the top. So you do need some regulation to avoid monopolies.
Regulation stifles competition here at home. Lack of tariffs or some kind of penalty allows too much foreign competition. Gotta find a middle ground that's tilted towards American based production. That means less regulation lower taxes and tariffs on foreign goods
The thing is that he basically admit that trump doesn’t mean or believe that the Mexico car tariffs are a good idea. Yet his fan base definitely took him serious and convinced themselves that they actually are a good idea.
Did you watch the video? A terrif's a negotiation tool, they potentially don't even need to exist outside of only as a threat.
Regulations and UNIONS are the reason American made products are unreasonably expensive. Loosen regulations and abolish ALL unions prices drop. Pactically overnight all other nations are competitive, not because they raised their prices but because ours have been cut in half. Then the cost of living drops because the wages drop to a realistic uninflated level. This is basic high school economics. I live in an expensive county with prices higher than another around me. Why is it expensive? High density of Dr's, lawers and union labor. Higher wages=higher costs. Lower wages=lower cost. 101.
You must be younger and most likely a C average student huh? Why don’t you google that dumb shit you just said and go read a little bit. Learn some history. Actually learn about economics. Smh..this is why these rich guys keep getting richer while offering nothing. Idiots like you giving them value.
But at 4:10, you didn't explain how relaxing the "flawed regulations" along with the free market would reduce the accident rate. Maybe I'm slow, but I need more to understand how the market might handle that.
Most regulations that he is talking about are essentially taxes. It is an easy way for the government to maie money on fees and fines.
Government provides subsidies on new manufacturers & reduces taxes on materials which creates jobs …
I think that will solve USA problem … but most things nowadays most countries manufacture themselves… because of the tarrif war export will be a issue… unless usa products will be top of class in technology
What an intelligent young man! Trump will be lost without you Vivek! Kamalalallal is already lost in your definition/explanation!
Keep local manufacturing alive it creates competition and prices will even out
Tariffs that save jobs in the steel industry mean higher steel prices, which in turn means fewer sales of American steel products around the world and losses of far more jobs than are saved.
Thomas Sowell
Why would the steel prices be higher when there's less middle men to go through and pay for?
Some credit goes to Vivek .bcoz of him or his firy speech in usa .made Trump win.😊....his firy speech wake up thousand of thousands Americans😊
I'm very hopeful for MAGA when I see the Brilliant Minds that are going to take us into a Prosperous and Safer Future!
The Deep State 😈will be fighting against it though.
For example foreign governments subsidizing it's manufacturers to sell it's product at a loss to sell in the U S while it is illegal for the U.S government to do the same. Japanese cars entering U.S car market back in the day
Vivek will always go where the power is.
Whichever way the wind blows.
Fun facts: Just five cars sold in the U.S. are made in China: the Lincoln Nautilus, Buick Envision, Volvo S90, Polestar 1 and Polestar 2. There are no Chinese-branded passenger vehicles for sale in the U.S. Also Ford Fusion, Ford Fiesta, Chevrolet Silverado, Ram truck, GMC Sierra, and Dodge Journey are all built in Mexico.
Trump 2024 ❤ Ramaswamy 2028
Sometimes i love Patrick... Listening to how he speaks about the economy... Hell he doesn't own top brand wallet no not $200 but $100. Im okay with my Burlington wallet $10 and everything fits.. thank you i will continue to watch
So Trump wasn't honest about China paying the tariffs. No business in their right mind will PAY something without passing it on to consumers. Whether you increase minimum wage or get taxed etc. However Tariffs are needed to counter unfair competition and preserve remaining jobs in the country. It is unwise to allow one company or country to hold that much power in being the ONLY manufacturer.
You have to run tariffs on countries that do not compete in a roughly fair manner. Unlike this channel post, I can see reducing regulations yes, however, I do want clean air and clean water, so there’s a balance. There’s only so many regulations you can collect reasonably and have clean air and clean water. I think the answer, is tariff countries that do not have clean air and clean water regulations to the point where our businesses can compete. I can see the idea of not adding more regulations sure, even cutting some. I can’t see cutting clean air and clean water though. There’s a reasonable limit to what the Vivek is talking about. I think the debate he’s talking about, comes from middle of the road Democrats that I’ve joined the party, and it’s a meaningful debate with value. This is why it is wonderful to have some socialist and middle of the Democrats join the Republican party, we get responsible Good arguments from the other side. One of them is, how much regulations do you cut? I can appreciate that.
For example, if you want to make housing more plentiful, one argument is to cut zoning regulations, however, the pro zoning regulation people will point out, that you don’t want a leather factory next to a home subdivision, so it’s good to hear from other sides and revise positions and policies to make them better. Thanks for reading.
@@rmikel14789 I believe in sensible policies. If something isn't working to go back to the drawing board to hurry up and fix things instead of holding policies hostage like if you don't don't pass this I won't vote for this etc.
@@rmikel14789 but I agree with. We need to come together as Americans to debate the pros and cons and try things out and if it don't work cause some things sound great on paper but terrible unforeseen consequences. Cause the truth is I feel our government are a bunch of imbeciles who want to get rich at the expense of Americans.
Thomas jefferson banned all inland taxes and funded the government through tariffs alone. There would be some steps to get there but that is absolutel attainable today.
I’m tired of these people talking about America is being unfairly treated.
We are the leaders of the free world, have been for a lot of years now, we set the standards that is good enough for us at that moment. Places like China, India, Mexico work around those standards we set and as time go on the learn to adapt and become better, then we cry that we are being unfairly treated.
It was only a matter of time where this changing the rules concept would have run out.
And not the salaries, salaries have nothing to do with things been more expensive in the US than in most of the other countries on the world. I can think on so many things that will make things more expensive to build here in the states. Cost of energy, taxes, bureoceacy, “being friends with politics” those things add much more costs than other countries not being as regulated as the states
Ya of course salaries have to do with it. There's ppl doing these jobs for $2/hr in other countries.
President 's DJT Dream Team: Vance & Vivek& Kennedy & Tulsi & Elon & Tucker
But problem for other countries is that when they import from USA they need dollars due to which they need to maintain it's reserves but that's not the case with USA because it prints it . Therefore many countries apply higher taxes on high value product when they are directly imported instead of being locally made .
Dollars being involved in the transaction is already not a even level field for most countries. I am amazed no one is raising this point.
PDD can you talk about the port strike in the east coast?
Agree our only obligation for long term benefits is to elderly and disabled citizens who can’t work
How did regulation cause the disaster in East palisitine? And how would have deregulation stopped it?
With the railroads u have collusion among the rail companies and almost no competition to undercut there pricing! All it takes is for more competition. Regulations weren’t the problem and the east Palestine disaster, it was gross negligent and incompetence.
Nobody ever asks where will it be built with a better long lasting quality
PBD really will talk to anyone! One day he’s got Vivek on, the next he’s got the neocon RINO McCarthy
Trump should have him and RFK at every rally.
Companies AND/OR shareholders want 3 scoops of ice cream (greed or "MORE than enough), however they can still profit (have the ice cream) but have only 2 scoops.
One can not but love how in this show you sometimes epitomize Milton Friedman's free market philosophy and yet simultaneously talk so freely about placing tariffs and barriers to competition as long as it suits national interests and it can be justified with bogus claims of national security, or evening a playing field without getting into how it is uneven in the first place.
In the end, it just unmasks how the way that capitalism is practiced by the large economies is just a sham and a joke.
Agree with Trump in the sense that he is doing the unmasking and by introducing his protectionist policies is doing away with a questionable idea that globalization was an economic panacea for all. In the end globalization could only last the time that it took the US and Europe to be butt f.....d by its own policy. And the time has come. Power to the Don.
I’m not a big tariff fan, but have to say Trump uses them as a tool to create better business outcomes for the U.S. and is brilliant in his use of them.
It benefits US corporations and government not the people that will have to pay added taxes for goods.
Tell me you don't understand economics without saying it.
@@gridtac2911yep. Lol. What prices of goods went up during Trump's presidency? The prices of everything were so low!!!!!
@@kassygendron3022 Prices were not low under Trump. Especially after he imposed tariffs on China. For Example:
Electronics:
The price impact on consumer electronics like smartphones and laptops was analyzed by industry experts. According to the Consumer Technology Association (CTA), the tariffs could raise the price of a smartphone like the iPhone by as much as 14%. Other reports from CNBC also indicated that laptops and electronics saw potential price increases between 10% and 20%.
Appliances:
A study from the Federal Reserve Board found that the tariffs on washing machines directly contributed to price increases of 12% for washing machines. Sources like Bloomberg also reported that other appliances, such as refrigerators, saw increases between 10% and 20%.
Clothing and Footwear:
The American Apparel & Footwear Association (AAFA) reported that tariffs on clothing and shoes led to price increases between 5% and 15%, depending on the product and company strategies. The Wall Street Journal noted similar percentage ranges for footwear.
Furniture:
A report by The National Retail Federation (NRF) indicated that tariffs on furniture led to price hikes of 10% to 25%, with many furniture retailers passing these costs on to consumers.
Toys and Sporting Goods:
According to the Toy Association and coverage by Reuters, toy prices increased by about 5% to 10% as a result of the tariffs on Chinese-made toys. Some sporting goods, such as bicycles, experienced increases of up to 15%.
Automobile Parts:
Research by the Center for Automotive Research (CAR) estimated that tariffs on auto parts could lead to price increases between 5% and 10% for parts, which contributed to higher costs for repairs and new vehicles. The New York Times also reported similar findings regarding auto parts and related costs.
Tools and Machinery:
Reports from Industry Week and CNBC indicated that tools, industrial machinery, and equipment experienced price hikes of 10% to 20%, reflecting the tariffs' impact on manufacturing and construction industries.
Food Products (Seafood):
Tariffs on seafood products such as shrimp and fish led to price increases of about 10%, according to reports from SeafoodSource and The Washington Post, which analyzed the trade war's impact on food imports.
This is America, do you honestly think these corporations would just eat the cost and not pass it off to the American consumer?
@@kassygendron3022of course prices go up with tariffs. That's literally what a tariff is, the importer has to pay more to aquire the product and they need to maintain their profit margin
@@gridtac2911tell me you copy paste youtube cliches without saying it
Credit Trump. He's gathered together a group of brilliant, hard working people to form an incredible government for our country. Patriots all. Need it be said, vote Trump/Vance.
I feel like less regulation would lead to more shenanigans, like improper disposal of waste or, like we just saw recently, companies forcing people to work during environmental disasters and those people losing their lives…
Raising tariffs will raise cost for everyone
Its a nice concept, but we dont and never will have a free market. Without a true free market, the market cannot decide winners and losers
He is right about using tariff to make a fair and even playing field, especially if the other party is taking advantage of you in the first place. Why only America is not allowed to use tariff?
Because it makes goods more expensive. It's harder to compete in that industry, less investing, less economic growth.
Smartest man to ever run for president.
Tariffs raise prices for consumers. Every time. Tariffs are almost literally increased insulation and anti consumer. They're never better for the consumer.
Tariffs only hurt both the USA, they remove affordable products from us and increase the costs of replacement products to us. We need to learn how to compete with those ahead of us.
We need to become self-sufficient and minimize relying on foreign companies. Especially essentials like medicines, food, certain appliances, chips, electronics etc etc etc... Then, we need to have fair trade practices for the rest.
If other countries competes in unfair manners (such as China) you, or the EU, will have to apply tariffs. Or lose everything.
Tariffs don't hurt us... Income tax does. Before 1916 the federal gov solely ran on tariffs. Keep that in mind. Income tax is a "new" development by the Central bankers
This is incorrect. What prices went up during Trump's presidency? Can you please tell me? Because the price of everything went DOWN during his presidency. By a lot.
@@calista1280Yep. This port strike is really shining a light on how badly we rely on foreign countries. Our entire country is going to fall apart because we can't import from foreign countries. That should NOT happen.
I suppose cost per man hour labour would also play a big part in price of a product , we could offset it by factors like much more technology in production and shipping...it would have been better if pat would have delved into it more
Many companies are extensions of the foreign countries like Chinese state enterprises. Tariffs make sense in some cases.
I think we should go back to paying for the federal government with tariffs and excise taxes, like was done before the income tax was allowed. I believe we should PAY FOR ALL OF THE COSTS ASSOCIATED WITH HAVING UNEMPLOYED WORKERS WITH THE TARIFFS. Taxes discourage whatever is taxed. If you tax work via income taxes, you are discouraging people from working and making money. Tariffs discourage imports, and the local businesses have the opportunity to provide the wanted goods, employing American workers to do so. Americans working pay taxes and spend money creating jobs for other Americans.
I dont care what it takes. This guy has got to be president some day soon..
Move the factory to a right to work state. Stop dealing with the unions.
Bingo. Unions have served their purpose. They need to go. They're just political activists groups nowadays
Lol "right to work" aka right for corporations to use near slave labour
Probably the dumbest comment I’ve seen today 😂
Shareholder value should include the quality of life of the country that the shareholder lives in. Not just MOr4mE
I think Vivek would make a great President. PBD for Vice President. Smart Men. For sure.
USA's days of tariff ultimatums are potentially coming to a soft end, makes sense to squeeze for what it's worth while it's still worth it.
It has been years since the customer could buy a new car for 27,000. Maybe a decade. Try 40,000 and manufactured outside the US.
The US should have done that 20 years ago. This will cause a massive raise in prices as there is a huge (too big a dependance)dependance on chinese manufacturing. Sadly this applies to most countries
Short-term maximization as opposed to long-term gains...
You can lead a horse to water but...
Always link the original video!
A tariff on a company stops outside manufacturing sales, pertaining to made for a nickel but we charge five dollars.
A tariff on a country is just a fuck you flex.
Ownership of corporate debt is the bastardization of capitalism.
TRUMP ----> PEACE, PROSPERITY, PATRIOTISM
HARRIS ----> WAR, POVERTY, GLOBALISM
Import tariffs are paid by the importer in the US not the shipper in China. The importer will have to pass the cost on. Why does Trump not understand this?
It’s not how many regulations are made, it’s about how they are developed and applied. More pain is on the way.
Our food and water supply are some of the worst in the industrialized world if not the worst. Please don’t gut regulations, we’re already being poisoned enough.
I wish there was a 'V' in goat!👏👏👏👏
Why don't we have our own manufacturing in the US?? By the time we pay shipping cost wouldn't it be cheaper for us to manufacture and ship abroad? We have to restructure our manufacturing to create more jobs🎉
It didn't work during the depression. Just made it worse.