Thanks, WSJ for pointing out that Trump is the man that can do it, and how little most people understand the long plan and big picture when it comes to tariffs. This is the best time to be alive and get to witness a nation getting back on track and becoming more successful and secure.
In 2016 the people voted “NO!“ to the Washington establishment and in 2020 the media fooled more of us into believing Trump was a 🤡. However after incompetent leadership from this current administration, Americans have had enough, we NEED Trump back in office to MAGA and keep the world safe from dangerous people like the fake news and corrupt press, as well as enemies abroad that wish to harm us…..
You mean destroy world trade and the US economy in the process, all on the backs of American workers, who are going to be the ones having to pay much higher prices for pretty much everything.
equating "remake world trade" = Prosperity for America" will be a big mistake. Trump style of tariff will lead to monster inflation and pain for the working class. Recession is confirmed. Depression is possible. It has happened before long long time ago. America does not need much more new jobs created. What it needs to do is to raise the value of the jobs. America has close to full employment in 2022.
Tariffs will raise the price of components and completed commodities utilised in US manufacturing. Inflation will rise sharply and immediately as a result. The Fed will have to raise interest rates in order to combat inflation, which will benefit billionaires but may deprive the middle class. Because inflation is so severe, people are actually taking out loans to pay for necessities. Yes, the collapse has started.
The continuous creation of credit and debt is essential to the survival of the American economy. It is anticipated that the Federal Reserve will expand the money supply, which will result in additional debt accumulation for the typical American. So, how can we specifically prepare for the impending financial reset? For example, what are the most effective ways to prepare our portfolio for the impending financial reset and make it recession-proof? I'm somewhat concerned about my $310,000 stock holdings.
I believe that diversifying investments is the safest way to deal with it. They can lessen the effects of a market crisis by distributing their investments throughout other asset types, such as bonds, real estate, and foreign equities.
Annette Marie Holt is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Tariffs are a superior way to fund the Federal Government, but only when we are running trade surpluses. We haven’t run trade surpluses in decades. I’m not a Democrat, but the Democrats are right: China and Mexico aren’t going to pay these tariffs. American consumers are. Tariffs only worked in the distant past because we were the world’s creditor. Now we’re the world’s debtor.
While we are worried about trumps tarrif plans. The market's rise after Trump's win is surprising given the economic uncertainty. While some stocks, like AI-focused ones, look strong long-term, the volatility makes me cautious. Even Bitcoin is seeing a boost, but it's tough to predict where things are heading with inflation and interest rates. Staying cautious but watching for opportunities.
@@Rachadrian I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
Annette Christine Conte is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@@JamesStripling you've proven the very point you sought to disprove. "E=mc^2" is incomplete as it doesn't factor in the relativistic energy of objects with nonzero momentum.
WHY DON'T PEOPLE KNOW HOW TARRIFS WORK. I'm here in Argentina, and you want to know how much a bottle of imported shampoo generally costs? $20-$30. And some items don't have many competitors, so the Argentian products get away with ALSO increasing their prices, because it will still be cheaper than the imported option, and it causes a domino effect with increased prices. Tarrifs are a nightmare for regular people
Crazy the democrat administration didn’t take away the tariffs Trump implemented. They say you can’t drop the tariffs easy which is a funny funny argument.
Legal Eagle channel has a video: "The Most Important Election Of Our Lifetimes". This video has comments from Hungary, China, Kenya etc. They are all saying that you have to preserve the democracy.
Oh look, the reason why your bottle of shampoo costs so much. Not really the tarriffs on them, but virtually no competition to drive cost down. Let's also not forget that Argentina has abismal inflation.
Trump said "China paid the tariffs", but in reality, American consumers paid. That's thinking about hurting China first, not benefiting Americans first. In the end, who lost the trade war?
@@michaelb6529 Trump paid billions of $ in subsidies to Iowa soybean farmers, to help (some) of them from going bankrupt. Would you say the US then "paid" for the Chinese soybeans tariffs, even though the soybeans weren't even exported, just left rotting in giant piles around Iowa ?
@@mtzzerowith CCP subsidy, Chinese company lowers price enough to cancel out tariff in order to keep the old price and market share. So CCP pays tariff. That's how Uncle Sam gets paid.
@@slomo4672 So basically Chinese companies make their prodacts even shittier to offset the cost and Americans pay full price for an inferior product. And you are ok with that?
Tariffs will increase costs of finished goods and components used throughout US manufacturing. This will be an immediate and huge hike in inflation. To fight inflation the Fed will have to hike interest rates which will be wonderful for the billionaires but possibly take away the middle class. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
The U.S. economy relies on ongoing credit and debt generation for sustenance. The Federal Reserve is expected to increase the money supply, leading to further debt accumulation for the average American. So how exactly can we guard against the coming financial reset Like what are really the best strategies to make our portfolio recession proof against the incoming financial reset? I'm very worried about my $310k stock portfolio.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 75 cash earning 5.25 interest, 685k in roth ira, 120k in 401k, Gold and silver bars. age is 48. My advisr helped me realign my portfolio to my risk tolerance and it boomed shortly.
Annette Christine Conte is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
I work for one of the nation’s largest steel importers and distributors. When Trump imposed the tariffs on steel we kept buying the Chinese steel (because that’s what our customers wanted) and took that opportunity to massively jack up our prices on American steel to MATCH the now inflated price of imported steel. All our competitors did the EXACT SAME thing. Our customers had no choice but to now pay this premium costing American consumers billions of dollars extra annually and as a result helping send the country into economic inflation due to everything costing more. Edit: Industrial customers who buy steel for manufacturing can’t simply switch over to a different steel due to the elemental properties of said metals. Each “type” of steel, even though categorized as “the same” have slightly different properties that throw off a factory’s setting and require all new testing and production line recalibration. You can’t just STOP buying one type of steel and switch to another. That’s why our customers demanded we keep selling them the Chinese steel they had been using before the tariffs. These tariffs HURT American industry and we handed that hurt down to the customer’s pocketbooks.
I think I get your point, but if the informed industrial customers KNOW that they want Chinese steel, then, such customers won't buy American steel, at ANY price, because the informed industrial customers know that American steel is not the "stuff" that they want. That being the case, why raise the price of American steel, to match the "tariffed" price of imported Chinese steel? It sounds like someone in the industrial "pricing loop" is a bit balmy between the ears. Either that, or all the Steel Importers decided to opportunistically "price gouge" the American steel consumers. I am not in favor of the practice of government-enforced Price Controls, but maybe importers should be required to formally file and list THE REASON as to why they suddenly decide to raise the price of a commodity?
@@JohnBerry-q1h Three things: 1) For whatever reason your account came back as a dis-information bot account when I checked. No biggie - I just found that odd. If it isn't, it isn't. Moving on. 2) You must not have read the second half of my comment where I go into detail as to EXACTLY why they couldn't "just simply change" from Chinese steel to American steel. It had nothing to do with price or country of origin. 3) It's Capitalism. We and all our competitors saw this as the PERFECT time to raise our prices just a bit due to (make more profit) due to the tariffed increase of the Chinese steel. You ALWAYS increase your price as much as you can if the customer has no choice. That's just smart business. This is what tariffs DO in an open business model. That's how all competitors react when a tariff is forced onto a competitor throughout history. Our case was NO different. This is WHY you don't impose tariffs in a MODERN economy. Tariffs are imposed by people who don't know anything about economics.
You would think that a graduate of the Wharton School of Business would notice the after-effects of placing a tariff on imported Chinese steel, especially when such a tariff leads immediately to higher inflation within the USA. At the very least, you would think that Trump's friend, Larry Kudlow, would clue Trump in.
@@NorthernChev Thank you for your Reply! The "inside baseball" details of macro-economics can be fascinating. While I have your attention, can you tell me more about the *disinformation bot* notice that you received? I tell you honestly, I have no agenda, and no axe to grind regarding any group. If some entity is secretly labeling me as a *disinformation bot,* then I would say that the secret entity is the TRUE disinformation bot.
It's ironic that Trump pushes for tariffs on China to 'protect American jobs,' yet many of his own campaign products are made in China. If he truly wanted to support American workers, shouldn't he lead by example and source locally? This feels more like a double standard than a real solution.
Typical! All what he does he steer the pot. A selfish ignorant sub human! I blame the fools that do follow such crook. He is ruining the life of every human by his ill contempt.
Trump's proposed tariff plan has caused market volatility, leading to declines in tech and manufacturing stocks. With uncertainty ahead, I'm reallocating assets in my $400K portfolio, aiming to avoid losses while staying positioned for a potential market rebound.
A long-term approach can definitely help with navigating market volatility. Set Clear Goals, Focus on Quality Investments,Stay Patient and Avoid Emotional Reactions, and Work with a Financial Advisor
After selling at a loss during the dip, I was hesitant to reinvest my $600K. My financial advisor created a long-term strategy, focusing on diversification and dollar-cost averaging. In just 18 months, my portfolio grew to $850K. Their guidance has been invaluable in helping me stay steady and think long-term through market changes.
That's amazing! Could you share how I might get in touch with your advisor? I’d love to learn more about their approach and see if they can help me achieve similar results.
*Marissa Lynn Babula* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
This video does not cover the fact that Trump does not understand how tariffs work. Trump had claimed that tariffs don't raise the price on goods. Trump had suggested a 200% tariff on an American company that moved manufacturing out of the US.
More videos need to highlight just how staggeringly stupid he is. Those of us outside of his cult catch him making constant mistakes, like thinking "immigrants seeking asylum" meant "crazy immigrants coming to the US for our mental asylums". He had no clue whatsoever what political asylum is and every time he talked about it he came across as dumber than your average 14 year old. But because his entire base is exactly like that, they have no idea just how ridiculously dumb he is. The only way to get them to see it is to call him out for it where they can see it.
Can’t you use your brain for once??? That’s the whole point of trumps tariff plan. Tarrifs 200%, so high that it becomes unaffordable by the masses. Therefore the company selling it doesn’t make any money and will move into the US to avoid the tarriffs and as a reward it will receive a tax cut of 15% as well………
@@NiteSaiyawhile calling Trump stupid you exposed yourself for being stupid. You believed a video of misinformation. Trumps real tariff plan is to use a tariff so high 100-200% so that nobody will buy that product, as result the company makes no money and is desperate to re-enter the American market by moving into America, because of that they no longer have to pay the tariff, they receive a tax cut to 15% and in the end the product is made in America.
@@NiteSaiya Not only that, but immigrants also contribute to the US job markets and pay taxes. I live in beautiful MN, and I can tell you that there are more jobs available here than people. Walz has provided us with a great economy for years, and there is new modern construction all over this state.
He doesn’t have a tariff plan. He’s been asked at least two dozen times in various interviews what his tariff plan is, and he has never once answered the question. But he might have a concept of a plan.
Ah Kamala must be a fluent clear concise speaker that actually can answer ONE question in your opinion then. Because she isnt, and can't. She literally has trouble memorizing the lines they feed her.
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Melissa Terri Swayne for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
how idiotic it is to believe and pick a privileged rich dude for a president and not expect him to grant more privileges to his rich buddies in the detriment of the poor/average folk is beyond me...
LOL, you don't think the Democrats in power right now haven't done the same thing? You think Nancy Pelosi and Elizabeth Warren cares about serving the public? They're looking out for themselves while using double talk to pretend like they're actually serving the people.
@@Mohamedahmedouthman IT IS NOT FASCINATING (TO SOME DEGREE), IT IS TOTALLY PREDICTABLE (TO SOME DEGREE BEHAVIOURAL SCIENCE DOES): - MASLOV PIRAMID - Asch conformity experiments - Milgram experiment - VON NEUMANN'S THEORY OF GAMES
IT IS NOT FASCINATING (TO SOME DEGREE), IT IS TOTALLY PREDICTABLE (TO SOME DEGREE BEHAVIOURAL SCIENCE DOES): - MASLOV PIRAMID - Asch conformity experiments - Milgram experiment - VON NEUMANN'S THEORY OF GAMES = ...A NICE STORY IS MORE PLEASANT THAN A BAD REALITY, BUT WHEN THE BOOK OF DREAMS ENDS, TIPICALLY A REALITY OF NIGHTMARE BEGINS (FOR THE MIDDLE CLASS PERSON USUALLY)
Which is why they want to cut the Department of Education, because when you keep people stupid, they will always vote against their own interests and pocket book.
That's why the idiots voted for Rump. He told everyone, he will cut taxes. What he meant was, he was going to cut his taxes again , the same thing he did when he ran for office. He didn't say, he was going to cut the middle class taxes at all. He literally rubbed everyone's nose in cutting taxes for him first and the billionaires.
might aswell credit 1 million dollars each in the bank accounts of those 1.5k jobless people, but US capitalism is to create 1 billionare and 1499 minimum wage tax paying working class consumers
This is the math people should focus on. Tariffs are imprecise, inefficient, and inflationary. A very blunt tool that causes harm in many directions, including ourselves. In a global economy, tariffs have to stay in the trash bin of history.
@@amolbhatki5278 Ah, kind of like when China was running the price of tires down so they could put run American businesses under so Obama imposed tariffs so it didn't happen?
@@amolbhatki5278 wsj is as usual using a half truth to push a narrative. tariffs allow domestic corporations to compete and they have long term benefits if you don't just look at a couple companies and find some anti trump economists to demean them. there's a reason the media didn't criticize biden nearly as much, if at all, when he imposed tariffs on chinese EV and solar cells (which is a good thing). at the end of the day the media is controlled by the democrats, and they want you broke and dependent on handouts.
Kamala on the other hand is going to propose 52 trillion on taxes “to the rich” that will directly impact the average American. I guess it’s to the point of pick your poison.
I agree. And I'm voting for Trump. He actually has passed many regulation reductions and cut taxes. But imposing tariffs is an absolutely foolish plan.
Kinda crazy how people don’t realize a tariff plan will be terrible for the American people. We import too many products, especially from China… this will also allow American companies to up their prices, greed seems to always win.
You don't seem to understand geopolitics, it's not about the short term inflation but about China; China is by far the biggest treat for the US and for the West, and you libs don't seem to understand...
He's not talking about adding tariffs to all goods or even small businesses. And leave it to the WSJ to not mention/understand the free market. They left out good ol' supply and demand. Do you really think if washers cost $5000 that people will continue to buy them? No they wouldn't. So without the demand for goods at higher prices, prices would drop until the market dictates they are of value. The washer companies could not sell washers to keep their doors open until they can find a way to sell it cheaper. This also leads to competition between manufacturers which is also better for the consumer. That is a balanced market. Tariffs are creating jobs and income for the country. Those jobs then help support families and stabilize communities.
The thing is US outsource its inflation for printing the dollar through the petrodollar system. If there is a tariff war, other countries might actually use other currencies. The outcome would not be the massive inflation but the collapse of the petrodollar system.
@@TemplarX2 ppl talk about that kind of thing, esp with BRICS and all that - but the cold hard fact is that there isnt another currency with the liquidity and stability to do it. The dollar is safe as international exchange currency, come what may.
Markets look like 2015-16. Probably going back to all time highs, but will probably go sideways until fed signals rate cut, Recently sold 25% of my $285k portfolio comprising of plummeting stocks that were recommended by certain financial RUclipsrs, quite devastating!
not their fault, the stock market seems to be more of a casino for gamblers now than a place for investors. even if you were averaging down on ailing companies, its your duty to properly research, buying the dip does not guarantee a rebound
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
As someone that lives in a country that used to be protectionist using import tariffs, our economics will say, in any day of the week, that protectionism in a globalized economy is the fastest way to shrink your own economy and make progress to stagnate quickly.
Typical elitest mentality. The Chinese subsidize their industries to purposely destroy our industries. But the elitest do not care about American jobs. Economist that has never built a business know more than a man that has built a billion-dollar empire!!! Typical elite arrogance!
It is true if, and only if, said protectionist country is a weak country with nothing much to offer the global economy. Otherwise, like Saudi Arabia, or China (which is highly protectionist, both now and in the past), or those European nations during colonial era, if you have powerful military and immense economy (plus highly sought after produces/commodities), protectionism is one tool to protect your competitive advantage. Imagine if ancient/medieval China had free market and allow anyone to just copy their pottery making technique (those chinaware and fine porcelain), or allow foreigners to freely obtain/buy silkworm and tea sapling. That would be absolutely ruinous and idiotic policy, just like how Britain quickly lose massive competitive advantages during Industrial Revolution (from 1830s onward, especially after 1850s) by allowing their companies to export cutting edge machinery abroad. As a rule of thumb: If you are a weak (and rather small) country, your best bet is to open your economy and market, so you could become an international trade hub. If you are a powerful country, with certain competitive advantages over your rivals, you should really safeguard that competitive advantages with all your might. You should actually leverage you military and economic power to gain even more advantage over your rivals. In this case, American free trade push in the 1990s and 2000s was IMO a *major blunder.* America should've acted like ancient China (which enjoy many centuries of competitive advantage), not colonial British Empire (which position taken by US, due to UK's own blunders). That being said, I'm not American, and I (as well as my country) greatly benefited from American sponsored free trade. So I/we wish they would continue this policy, but if I were American citizen, I would totally REJECT the notion of "free trade".
@@ihl0700677525 I would kindly disagree with that statement. Even though you seem very well-informed, and I do believe it to be true in some cases, however it does (in my opinion) seem much more complex. Protectionism (alongside isolationism) broke Spain down economically so bad under Franco, that he had to hand over the economy to technocrats who opened up the country, thus resulting in the famous economical boom. Spain was a pretty large country at this point, and Franco was a general reinstated through a military coup d'etat Furthermore, much of China's greorh comes from strategic openness and foreign investment, not just protectionism (accession to WTO, etc) I would also argue, that the Smoot-Hawley act of 1930 worsening the Great Depression is a pretty good example of protectionism going wrong in a large militarised country. Lastly, international and intercontinental agreements can lead to more productive and stable national and international relations. The EU as well as NAFTA could be examples here, and the antithesis could be the international friction during the U.S.-Vhina trade war as well as polarization in Argentina including right now under Milei (even though I acknowledge that this country is smaller and not nearly as wealthy as the previous examples). In general, most historical and economic evidence does suggest that protectionism leads to a long-term hindrance in growth and innovation as well as (obviously) international cooperation and although there are of course exceptions, I do not believe it's as simple as the size of the country and military nor solely dependent on the economy before protectionism is initiated
you guys totally blew it when you didn't even mention how china retaliated by not buying us grain . thousands of us farmers went bankrupt because they lost the chinese market. this kind of thing will happen all over the world .
.... exactly. Soybeans!!! China retaliated and it was American farmers that paid a huge price. Unfortunately many support trump even though they are the ones that got really hurt.
@@stephn7374 Then why were the farmers getting government subsidies due to not being able to sell their grain? It may have rebounded but China did go elsewhere for grain during Trumps tariff game.
@@stephn7374 Trump had to bail out the farmers with billions of dollars after the tariffs were imposed on China. When Biden came into office, he reneged on an agreement with China that if Trump's tariffs are eliminated, China would buy huge quantities of US agricultural products. So now, China is sourcing most of their agricultural imports from BRICS countries at even lower prices.
Ask yourself why were thise people that desperate to vote for him. No one asks that. Mostly middle class people who seen their stocks go up. They can’t see the damage that’s been done. Not saying he’ll do better. But it’s that simple.
What's not being said is America had tariffs for a long time on imported goods from slave labor countries. When we dropped tariffs we lost the industries to other countries. We no longer have clothing and many other industries after that in the US. Dropping tariffs lost us a huge amount of industries in the US.
I work in the manufacturing industry and those 2018 tariffs radically changed the entire market. We had to be so incredibly careful about price increases and not shooting ourselves in the foot. It didn't help that construction jobs basically came to a close across the country, because they are planned months or even years ahead of time and a sudden massive increase like that was just too much. Companies that had been in the industry for decades were suddenly gone, tons of jobs were lost, and we were in the worst position that we could have been for when COVID hit.
ok we got it he’s bad, news are 100% right - what’s the actual alternative here? Covid hit hard, not comparable to what it is rn. Choose wisely, not just follow the headlines
Yea and most people didn’t even know he imposed tariffs they thought covid and then Biden got the blame - I had just bought a 12,000 btu window air conditioner from Walmart for $229.00 and after the tariffs the same unit was $369.00 -
Wasn’t expecting K6 here ahah. I do agree though. He praises himself for being this business man then when tested. It backfires immensely. Hurts the working class the most. Kinda hurts his buddies but they already have millions so it’s not the end of the world for them. Just sucks 🫤
Every person who have ever attended school should have been able to understand that adding tariffs to imports will make consumer goods more expensive. I really dont understand which body part US citizens are using for thinking
I'm an armchair economist. My idea would be a 2 step 6 year VAT. Each year for 6 years the VAT increases by 3%. The 1% would have no exemptions raising $280B a year. The second step would be 2% with exemptions for a VAT credit for " all US taxes paid". Property and use,corporate and payroll with a percentage attributed to health care and vested retirement. Of the total raised each year 2/3 would to general fund and 1/3 to augment the federal income tax. Make the standard deduction $75,000 and a flat rate of 25% to $600k and 30% above that. Also make ALL income earned with no exception, subject to state,federal and payroll taxes. If married the deduction would be $150k , about 80% of the population wouldn't pay federal income tax. Just a rough draft.
This article doesn’t cover hardly any of this aspect: yes, trade policy on the US side has been very quiet… But it definitely hasn’t on our products to other countries. There is a distinct imbalance for many countries selling to us, vs us selling to them. So yes, it’s a game of chicken, but one we ultimately have the leverage on.
@@ozmer Developing heavy industry and being thousands of miles away from conflict are why US a global superpower. It would most probably still happen, albeit slower. Also keep in mind there were half a million American casualties in WW2. Not sure why you think tariffs helped in the long term when the data suggest otherwise.
Tariffs are essentially a sales tax for products made by the targetted country. Businesses hate them because there is no way to get around them like our corp tax laws. The point of a tariff is to reduce demand of products made by the foreign country. The same people who argue against taroffs have no problem increasing sales, income, corp, and/or property tax, despite them negatively effecting all americans.
@@joeyappley202 First, im from Poland, second you cant offer anything but platidudes but think you are better and third, are you so blind that you dont care about who his opponent was ?
These tariffs are a terrible idea, but people voted for this guy anyway. That decision will come back to haunt them. I mean you handed the keys to the guy who created all these economic problems in the first place
Local food is better than foreign food. Focusing on increasing the economic strength and integrity of American grown food brings more stability to the market for Americans everywhere
Most of them have no idea how tariff work. They think China will pay the tariffs and Americans won't see any differences on prices for themselves, and that it will just magically create a ton of American jobs out of thin air.
@@nigeriansareamazing5555 Have you seen the price on American grown coffee? We don't have the climate to grow it in high quantities, and what little we do produce is very expensive. Same with things like chocolate, bananas, and avocados. Not to mention tons of foods have palm oil, which we cannot make at all. Then there are things like rice, which we do produce, but if we replace all the foreign rice with American is it enough to feed everyone? It's not as simple as "buy local" because we really cannot just replace everything people buy with a local alternative. You giving up coffee? Well soon you many not have a choice anyway. Enjoy living off potatoes and beans or whatever. Food prices are gonna skyrocket and you won't have much of a choice.
Average American be like: Yeah! Down with taxes! Protect my rights! Right after they sell their house to finance their cancer treatment because healthcare is clearly communism.
Over half of America thought a failed businessman can solve the problems but they are about to find out that he’s about to exacerbate their problems by a major factor
Better option than the puppet that wouldn't take interviews, flip-flop on everything, and lie about the border. I am not the biggest Trump fan, but I'll take his economic, social, immigration, and foreign policy over Biden's and Kamala's any day of the week.
@@jacobjones1457agreed , trump only one because the Democrats decided to absolutely abandon there base of supporters (and made a bad campaign) to the point that a unpopular president who is hated by his former coworkers , who ran an absolute terrible campaign, an had only 2 policies that both will decimate the is economy , won.
Better than a 60 year career politician that has no idea about anything except getting re-elected and thinks taxes and regulation are great. Biden is also a racist, sexist, corrupt politician that showed with his 13 year old daughter.
As if the Democrats did any better. I'm not a trump fan but yall gotta stop pretending like your president hasn't F-ed up the economy for 4 years straight
A tariff is a tax on the consumer. That is the lesson my country (New Zealand) learned in the 1970s and 1980s. We had a totally protected economy in the early 1980s when we had the most expensive cars in the world thanks to tariffs to protect our so-called car industry. Now we don't have a car industry, which was not worth saving, but we have very cheap cars. Tariffs also cause economic distortions and inefficiency. US consumers will suffer under Trump's plan.
Hmmmm, traveled to New Zealand yr before last. I noticed all vehicles were way more expensive than here in the states. The hunting guide there really wanted an F150 truck, but said even used ones were over 200k
@@loydmccoy3532 that's because an F150 is not a popular car in Oceania, it will always be expensive here. But for general asian vehicles it is relatively cheap. Covid has messed up the car market here though so it's hard to draw good conclusions anyway. He is right though tariff to protect car industries here is dumb, it might not be a bad idea in the US with it's economy of scale but that's why Biden already went hard on car tariffs, a flat 10-20% tariff of the entire world would be economy shattering.
Problem is you forget that despite tariffs inflation was low during his first term and tariffs brought 80 billion. Some industries did suffer but he supplemented them with tax cuts and subsidies. Tariffs may or may not work, but Democrats were hopeless assuming spending on unwinnable wars and illegal immigrants will somehow cause inflation to come down.
@@amrgg3272 98% of the income collected from tariffs under Trump was paid back to farmers as price loss protection from retaliatory tariffs. Tariffs are not good for the economy, they increase trade deficits, and will likely lead to major corrections (recession, depression). Can't wait to see a second Trump term. He's been given the strongest economy in the world post-covid, and inflation rate that is back around 2.1%.
@@amrgg3272but inflation have quite literally went down every single year under biden-Harris. Trump is getting handed a great economy again LOL.not mention him wanting a mass deportation of illegal immigrants will cause a recession and a depression.
They will, and just find a way to blame democrats for it, like the comment above mine. There has always been more jobs and economy has always been stronger during a democrat presidency. This is all historically recorded as proof, but they never want to acknowledge it
@amrgg3272 'Unwinnable wars' oh yes, you really know what you're talking about. It's not that if Biden and the US helped more, Ukraine could have succeeded in its counteroffensive, and the war could have been over?
He in fact does not think china pays the tariffs he thinks china will figuratively pay the tariffs by loosing manufacturing when it comes back to the United States. Think with the tiny little pea brain you have.
@@jayantrana7389 and also Bidens administration has openly said they were planning on keeping trumps tariffs and possibly adding more. Please read something official for once.
Trump isn't a reader of books & reports, we know that. And we have seen his failures as a businessman. So, someone has been in his ear to push this tariff stuff. In the short run this tariff plan will cause economic troubles; in the long run it is very hard to reverse tariffs.
The Feds has unleashed chaos! every day we encounter novel challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $280,000 savings vanish after putting in so much effort to accumulate them.
True. I first came across investing in the market in 2019. Already stashed about $480k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. Tbh, it's the best investment decision I've made since then.
I think this is something I should do, but I've been stalling for a long time now. Mind if I ask you to recommend this particular coach you using their service?
I work with the popular Rebecca Nassar Dunne. Who happens to be a is a hot topic among financial elitist in The US. Especially for her works during Covid. All the information you need to set up an appointment is on her web page.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
The WSJ comment pinned on this video links to an article with a negative view of Trump’s tariff plan but the title sounds like it’s a positive view and everyone’s eating it up in here 😭😂 so true
@@abdiganiadenthe best economics is when countries cooperate....that's what make the US superior in trade...but when a country start getting isolationist.....the economy shrinks and you are left with a country with insanely high labour costs
For all the tariff supporters, has there ever been an instance in history that tariffs actually improved the economy and made life more affordable for the working class? All expert articles on this matter suggest that they are always a terrible idea for the economy specifically for the working class because they increase cost of living.
@@Kevin-xk3me Bill Ackman , Peter Thiel, owners of Johnson & Johnson, John Lieteud owner of Jimmy Johns, this guy Geoffrey Palmer who owns 11,000 rentals in LA so he can keep people poor and rent, Home Depot owner Bernard Marcus, Casino magnate Steve Wynn to name a few.
@@hamelconsultancyllc How do you figure? If rich people have more money and buy more stuff wouldn't they pay more of the tariffs and therefore their "fair-share"?
@NaSaSh1087 Last time Trump utilized tariffs, countries responded with their own tariffs against American made goods. This resulted in Trump having to bail out farmers (costing the taxpayer $28 billion). Trumps tariffs resulted in reduced real income for American workers and negatively impacted America's GDP. The fact that Trump wants to repeat this with increased tariffs on all imported products is madness.
@@NaSaSh1087 Today Trump is trying to say there was 0% inflation all 4 of his year, and 2 of Bidens years (thanks to Trump) Well, here is reality, During Trump the inflation rates were 2.1 / 2.4 / 1.8 / 1.2 (Worldwide shutdowns in manufacturing due to COVID took place) During Biden it is 4.7 / 8.0 / 4.1 / 2.4 (Current) Now Obama saw -0.4 / 1.6 / 3.2 / 2.1 / 1.5 / 1.6 / 0.1 / 1.3 Since 1960, the only 2 years with 0% inflation are 2009 and 2015. COLA adjustments (Social Security and VA benefit raises) are based on the average inflation of Q3 (July + August + September Divided by 3 = next years COLA adjustment) For every year there was a COLA adjustment, it means there was that much inflation last year in Q3. Source: US Inflation calculator: Historical Inflation Rates 1914 - 2024. Go to site to see monthly inflation rates.
@@NaSaSh1087it takes time for the problem to roll out. Why do you think the price of new cars have tripled? Now insurance companies have raised their price on me because it cost too much for them to pay out a claim.
What this video ignores & what people don't understand is that the reason costs go up for households due to higher prices even for domestic goods is that corporations are unwilling to let profit dip even a tiny bit by eating slightly higher resource costs, so they pass on those costs to American consumers. They do this to protect shareholders & earnings at all costs, even if it means hurting Americans & potentially moving local jobs overseas. So who is the real enemy, China or corporate leaders?
AI stocks are set to dominate in 2024, but I also see potential in Bitcoin as a rising investment. While my preference leans toward NVIDIA, given its strong position to support long-term growth and its role as a critical platform for AI companies, Bitcoin’s continued adoption and resilience make it a compelling option as well. I know someone who has made over 200% from NVIDIA, which reinforces my confidence in it. I'll also consider the other recommendations you shared!
I agree, just because the market presents opportunities doesn't mean we should rush in headfirst. For this reason, we should look for appropriate market analysis or guidance or, alternatively, seek advice from certified market strategists.
Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advisor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.
US manufacturing as well - like my company. We build electronics. Many of our components are global commodities. When he imposed tariffs on Chinese electronic components, prices went up across the board. Same happened with his tariffs on Chinese and Canadian steel and aluminum.
You’re also assuming he doesn’t intend to negotiate first and anything is better than just taking a bad deal just for the sake of pretending like you’re the world’s care taker
@@raybod1775 Lol you do know the entire world experienced high inflation right? Has absolutely nothing to do with US presidential policy (which has absolutely nothing to do with Federal Reserve policy). 🤦
@@raybod1775 And yeah the other commenter is right. A second Trump term will have a much larger deficit than Harris--that's the consensus among non-partisan economists.
The biggest lesson I learned in 2023 about the stock market is that nobody knows what will happen next, so practice some humility and low a strategy with a long-term edge.
Nobody knows anything; You need to create your process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
@@TerrencesSheldons I agree with you. As an early investor in NVDA, AVGO, ANSS, and LRCX, my financial advisor's advice was incredibly helpful. Over the past seven years, she has helped me find stocks that have performed 10x multiple times. With her help, I've grown my portfolio to over a million dollars.
@@BettinaBischof There are many independent advisors to choose from. But I work with MARGARET MOLLI ALVEY and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements.
Increasing tax rates are the reason I rolled over my 401k to a Roth. I don’t want to be 59 paying taxes on current income on withdrawals made from my retirement account. I'm now seeking best possible areas or ways to gain wealth in today's economy.
Pre-tax contributions may help reduce income taxes in your pre-retirement years while after-tax contributions may help reduce your income tax burden during retirement.
Both have their perks but you can also save for retirement outside of a retirement plan, such as in an individual investment account or employing the services of a retirement planner/investment advisor.
Private investing is the best way to go about the market right now, especially for near retirees, I've been in touch with a wealth manager, netted 370K the last downturn, made it clear there's more to the markets than we average joes know.
I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "KAREN LYNN CHESS" I've worked with her since the pandemic and highly recommend her. You can check if she meets your criteria.
"Man, this video is a wild ride! Tariffs, trade wars, and all the chaos. Honestly, I've got $167k chilling in my emergency fund, and I’m itching to make it work for me. But where do I even start? Stocks? ETFs? Real estate? Feels like I need a PhD to figure out where this tariff drama fits in. Someone point me to the money trail, lol."
Domestic producers have the dominant market share in some industries. It'd be quite sad if a country were to completely depend on imports, as it'd mean other countries would have the reins. Especially dependence on Agriculture, which the United States doesn't have a problem with.
@ no tariffs do hurt the Americans consumer. Every time the government has ever instituted wide ranging tariffs ok imports the Americans consumer has suffered for it.
Those guys who said inflation was transitory?? I'm supposed to believe them? And if tariffs are so bad why did Biden announce tariffs, to thundering applause from the MSM, back in May?
@@wpierce34004evereconomists know everything especially since they all run multibillion dollar companies and physically do business all over the globe . oh wait no they don’t
If u were a billionaire and going to be taxes high rates why would u stay in America? You would take your business and factories to another country. Thus end the jobs of many thousands of people. Tax the rich is not the answer. We need rich people to want to stay here. They are the ones who create jobs.
I mean.... you saw the video right?!? Did you see CNN or MSNBC saying anything about the Biden Admin keeping and INCREASING some of the tariffs?!?!? Just very curious about it...
Personally I don’t understand why anyone would watch mainstream media on either side of the political aisle. They are all so ridiculously biased it’s sickening.
A problem I see is this. Let's say it costs $1.00 to produce a drier in the US and $0.50 to make it in China. The only way, really, to make an American buy an American washer is to make the Chinese counterpart to cost $1.10. You increase the price of the Chinese drier, but these aren't going to be made in the USA until they cost $1.10. Meanwhile, we're also slapping tarifs on Chinese (and Canadian) aluminum. I have to wonder if the best thing for America would be for us to be under Republican rule for the next 10 years and be in a recession for the while time. Apparently January 6 wasn't enough of a punch in the face. Only pain will get us to make the changes in attitude we need to make.
Well what happens is that a drier then costs 1.10$ instead of 0.50$. The american one that cost 1.00$ will then be also sold for that 1.10$. Thats what happened last time under Trump, thats whats going to happen again. And no you can‘t go into a decade of recession and turn America into a country that has only „Made in America“ without Imports. If you want to see what happens when a economy gets isolated take a look at North Korea. Because you can‘t export your goods either. The rest of the world is still going to buy the cheaper chinese stuff not the new expensive american.
Trump put tariff on imported steel, say 60% now: 1. Local American market will have to pay 60% more for the same imported steel they used to buy before. American consumer will have to pay 60% more. 2. Local American market will make domestic steel price ~60% more as a side effect. Same steel that was much cheaper before the tariffs. 3. Americans pay more for everything made of steel 60% more 4. American market COULD make more jobs in US for domestic producers, however regular people won't be able to pay 60% more, and it will end up with layoffs, because American companies won't have same load to manufacture the steel. Who gains from whole this thing: Trumpet Who lose from the whole this thing: consumers and American people that were laid off
American steel with Minnesota ore, need not increase prices, due to the flood of business coming in. If they’re already profitable, employees are happy, employers are happy, customers are happy.
I just today realized why Trump is so adamant on tariffs. It's because he alone has the power to enact them. He wouldn't have to go through congress or anybody else; he could enact them and say he fixed the economy single-handedly, even as it burns to the ground.
Its like Swedish steel. US tarifs made Swedish steel production super efficient. They made up for the gap and are now better than US steel. Tariffs cause unintentional unforseable effects
The Soviet Union USSR lost the Cold War primarily due to its failing Economy. Which was crippled by Inefficient central planning. The USSR Economy struggled to keep Pace with the west due to its centralized planning. Leading to Shortages of consumer goods and A declining standard of living.
7:11 You overlook the fact that Tariffs can be enacted by DT WITHOUT Congress. The closest thing to Authoritarianism in the US Govt's current structure
Trump's tariff policy may be a scheme for him to collect money behind the scenes from other countries. Almost everything Trump does is a con: Trump sells non-existent Gold Watches without a delivery date for $100,000. Trump sells sneakers without a delivery date for $400.00. Trump lied and continues to lie about the election being stolen scamming his supporters out of more than $250,000,000.
@@98wojtas I might be a psychopath for saying this, but what makes me happy is that no amount of "Owning the libs" will ever make you happy until you try to understand how everyone else thinks, including the opposition.
Dear #Latinos4Trump Do Not Complain when los Arracheras' Are going 7.99 to $15 per pound EDIT: Sincerely A Mexican-American who is Not or Never Obsequious to your Tio Trump
Canada is only going to respond in kind; and understand that 36 states rely on Canada as their #1 export market. So this is going to hurt right back. Double the pain actually, with tariff-induced inflation, plus loss of jobs as your top export market implements its own tariffs. Party like it's 1929! Also, if you exclude oil, there is no trade deficit... the US is in surplus on goods and services meaning we're "subsidizing" you folks. This is a completely unwarranted provocation that will only serve to cripple both our economies. The saddest thing about it is that we are not only neighbours, but we are (used to be?) each others' best friend and ally; capable of accomplishing tremendous things when we work together.
Plain ignorance. It's actually embarrassing to see. The sad thing is the US is so influential around the world that they don't realize how this affects not only themselves but the whole world. I am not saying Kamala is an angel either but there has to be a better option between the two. Vote third party if you have to but for those who vote Trump don't cry when things don't go the way you expect. Same with Kamala.
big surprise. If you use tariffs and remove competition, local production has no incentive to do anything except be 1 penny cheaper than the tariffed product.
But they have every incentive to scale their price depending on the demand, if people stop buying the tariffed good because it's more expensive and you're undercutting them, then you'll have more to sell... the problem is it's expensive to retool your production to meet that new demand, and its cheap to simply up your price by the same amount the tariffed version was, which will basically restore you to equilibrium, so now everybody is paying more with no real change in behaviors. Over time behaviors might shift, a company may figure out that retooling will be cost effective enough of a strategy to capture more market from others by undercutting them, but it's such a massive risk that they're more likely to simply collaborate with the competition to fix their prices.
Tariff is not a one way street. It is a tax added to your goods and services that comes from other country that you used for your everyday consumption. You’re hurting yourself with the added cost.
and that's exactly the point. Income tax taxes your capital gains as well. Tariff taxes essentially consumption. So you shift the taxation from the rich to the poor
If the super rich get their income from investments in companies then if the companies are hurt by tariffs then yes the super rich (and anyone with a 401k) will be hurt. Mindless class warfare comments don’t add to the intelligent discussion on tariffs.
@@juliahello6673 That's the thing people aren't understanding (apparently) Tariffs do NOT harm the companies, as they just jack up the price and actually increase their profits. It can harm certain industries that rely on a good but can't quantify that cost increase in the goods they sell (say for example the cost of steel being increased causes farmers to need to pay more for their equipment, but can't really increase the cost of their crop by 60% so they intake additional risk without being able to tabulate a profitable increase in the price of their crops). But for the most part the companies that the rich have their investments in will do fine through the short term, though in the long term they'll be hit by the middle class being shoved down so hard that spending decreases overall potentially crashing the economy. But until that happens, they'll be sitting pretty with their profits.
I voted for this, this is great, this will bring back jobs to the US, this will make US produce goods again, it will raise our economy, america will be great again
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. She has helped me raise my reserve from $275k to $850k, despite inflation.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
i completely get why so many people don't understand how tariffs work and don't work. What has me so baffled is why so few americans seem to understand how Google works.
![Blox Fruits Dragon Rework Update [Full Stream]](http://i.ytimg.com/vi/EqDAp8udhm0/mqdefault.jpg)
A second Trump presidency stands to radically remake world trade: on.wsj.com/4f88Up3
Thanks, WSJ for pointing out that Trump is the man that can do it, and how little most people understand the long plan and big picture when it comes to tariffs. This is the best time to be alive and get to witness a nation getting back on track and becoming more successful and secure.
And not, you should probably explain without the link, in a good way.
In 2016 the people voted “NO!“ to the Washington establishment and in 2020 the media fooled more of us into believing Trump was a 🤡. However after incompetent leadership from this current administration, Americans have had enough, we NEED Trump back in office to MAGA and keep the world safe from dangerous people like the fake news and corrupt press, as well as enemies abroad that wish to harm us…..
You mean destroy world trade and the US economy in the process, all on the backs of American workers, who are going to be the ones having to pay much higher prices for pretty much everything.
equating "remake world trade" = Prosperity for America" will be a big mistake. Trump style of tariff will lead to monster inflation and pain for the working class. Recession is confirmed. Depression is possible. It has happened before long long time ago.
America does not need much more new jobs created. What it needs to do is to raise the value of the jobs. America has close to full employment in 2022.
Tariffs will raise the price of components and completed commodities utilised in US manufacturing. Inflation will rise sharply and immediately as a result. The Fed will have to raise interest rates in order to combat inflation, which will benefit billionaires but may deprive the middle class. Because inflation is so severe, people are actually taking out loans to pay for necessities. Yes, the collapse has started.
The continuous creation of credit and debt is essential to the survival of the American economy. It is anticipated that the Federal Reserve will expand the money supply, which will result in additional debt accumulation for the typical American. So, how can we specifically prepare for the impending financial reset? For example, what are the most effective ways to prepare our portfolio for the impending financial reset and make it recession-proof? I'm somewhat concerned about my $310,000 stock holdings.
I believe that diversifying investments is the safest way to deal with it. They can lessen the effects of a market crisis by distributing their investments throughout other asset types, such as bonds, real estate, and foreign equities.
@@j.ottinger Could you kindly elaborate on the advisor's background and qualifications?
Annette Marie Holt is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Tariffs are a superior way to fund the Federal Government, but only when we are running trade surpluses. We haven’t run trade surpluses in decades. I’m not a Democrat, but the Democrats are right: China and Mexico aren’t going to pay these tariffs. American consumers are. Tariffs only worked in the distant past because we were the world’s creditor. Now we’re the world’s debtor.
While we are worried about trumps tarrif plans. The market's rise after Trump's win is surprising given the economic uncertainty. While some stocks, like AI-focused ones, look strong long-term, the volatility makes me cautious. Even Bitcoin is seeing a boost, but it's tough to predict where things are heading with inflation and interest rates. Staying cautious but watching for opportunities.
@@Rachadrian I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
Do you mind sharing info on the adviser who assisted you? I'm 49 now and would love to grow my stock portfolio and plan my retirement
Annette Christine Conte is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Beware politicians peddling simplistic solutions to complex problems.
D.J. Chump is the most corrupt, treasonous, compromised President
in the history of the United States!
“Nobody knew healthcare could be so complicated” 🤦♂️🤦♂️🤦♂️
This comment! I can’t agree more!
Beware economists peddling complex solutions to simplify problems, for example, a mathematical model for pricing CDS
Like D Trump?
"For every complex problem, there's a solution that is simple, neat, and wrong."
_H.L. Mencken_
"I was born in a middle class family.....our neighbours loved their lawns"
K.D. Harris
Yeehar,
Maga
E=MC^2. Complex problem. Simple, elegant solution.
All solutions are simple once you find them.
@@SiLoMixMasteryes, middle class people have lawns. What's your point?
@@JamesStripling you've proven the very point you sought to disprove. "E=mc^2" is incomplete as it doesn't factor in the relativistic energy of objects with nonzero momentum.
WHY DON'T PEOPLE KNOW HOW TARRIFS WORK. I'm here in Argentina, and you want to know how much a bottle of imported shampoo generally costs? $20-$30. And some items don't have many competitors, so the Argentian products get away with ALSO increasing their prices, because it will still be cheaper than the imported option, and it causes a domino effect with increased prices. Tarrifs are a nightmare for regular people
Bingo
Crazy the democrat administration didn’t take away the tariffs Trump implemented. They say you can’t drop the tariffs easy which is a funny funny argument.
Legal Eagle channel has a video: "The Most Important Election Of Our Lifetimes". This video has comments from Hungary, China, Kenya etc. They are all saying that you have to preserve the democracy.
Oh look, the reason why your bottle of shampoo costs so much. Not really the tarriffs on them, but virtually no competition to drive cost down. Let's also not forget that Argentina has abismal inflation.
@@JoseLozano-ok8dq It's also because no country can produce everything efficiently. The USA is the largest importer in the entire world.
Trump said "China paid the tariffs", but in reality, American consumers paid. That's thinking about hurting China first, not benefiting Americans first. In the end, who lost the trade war?
@@michaelb6529 Trump paid billions of $ in subsidies to Iowa soybean farmers, to help (some) of them from going bankrupt. Would you say the US then "paid" for the Chinese soybeans tariffs, even though the soybeans weren't even exported, just left rotting in giant piles around Iowa ?
@@michaelb6529what part of China giving Chinese companies more money = money to the American government or people?
@@michaelb6529That's an investment. Not paying for other countries
@@mtzzerowith CCP subsidy, Chinese company lowers price enough to cancel out tariff in order to keep the old price and market share. So CCP pays tariff. That's how Uncle Sam gets paid.
@@slomo4672 So basically Chinese companies make their prodacts even shittier to offset the cost and Americans pay full price for an inferior product. And you are ok with that?
Tariffs will increase costs of finished goods and components used throughout US manufacturing. This will be an immediate and huge hike in inflation. To fight inflation the Fed will have to hike interest rates which will be wonderful for the billionaires but possibly take away the middle class. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
The U.S. economy relies on ongoing credit and debt generation for sustenance. The Federal Reserve is expected to increase the money supply, leading to further debt accumulation for the average American. So how exactly can we guard against the coming financial reset Like what are really the best strategies to make our portfolio recession proof against the incoming financial reset? I'm very worried about my $310k stock portfolio.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 75 cash earning 5.25 interest, 685k in roth ira, 120k in 401k, Gold and silver bars. age is 48. My advisr helped me realign my portfolio to my risk tolerance and it boomed shortly.
Annette Christine Conte is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
@@Derekhoffman312 Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Economists hate it because they are not stupid
That's the dumbest response ever.
it will invite companies to move to the US and produce there, to avoid tariffs
@@RR-et6zpplease give some examples of it rather than just passing the cost onto the consumer
@@dennisw8026 Trump overall better for US economy
if tariffs worked everyone would've done it already
I work for one of the nation’s largest steel importers and distributors. When Trump imposed the tariffs on steel we kept buying the Chinese steel (because that’s what our customers wanted) and took that opportunity to massively jack up our prices on American steel to MATCH the now inflated price of imported steel. All our competitors did the EXACT SAME thing. Our customers had no choice but to now pay this premium costing American consumers billions of dollars extra annually and as a result helping send the country into economic inflation due to everything costing more. Edit: Industrial customers who buy steel for manufacturing can’t simply switch over to a different steel due to the elemental properties of said metals. Each “type” of steel, even though categorized as “the same” have slightly different properties that throw off a factory’s setting and require all new testing and production line recalibration. You can’t just STOP buying one type of steel and switch to another. That’s why our customers demanded we keep selling them the Chinese steel they had been using before the tariffs. These tariffs HURT American industry and we handed that hurt down to the customer’s pocketbooks.
I think I get your point, but if the informed industrial customers KNOW that they want Chinese steel, then, such customers won't buy American steel, at ANY price, because the informed industrial customers know that American steel is not the "stuff" that they want. That being the case, why raise the price of American steel, to match the "tariffed" price of imported Chinese steel? It sounds like someone in the industrial "pricing loop" is a bit balmy between the ears. Either that, or all the Steel Importers decided to opportunistically "price gouge" the American steel consumers. I am not in favor of the practice of government-enforced Price Controls, but maybe importers should be required to formally file and list THE REASON as to why they suddenly decide to raise the price of a commodity?
@@JohnBerry-q1h Three things:
1) For whatever reason your account came back as a dis-information bot account when I checked. No biggie - I just found that odd. If it isn't, it isn't. Moving on.
2) You must not have read the second half of my comment where I go into detail as to EXACTLY why they couldn't "just simply change" from Chinese steel to American steel. It had nothing to do with price or country of origin.
3) It's Capitalism. We and all our competitors saw this as the PERFECT time to raise our prices just a bit due to (make more profit) due to the tariffed increase of the Chinese steel. You ALWAYS increase your price as much as you can if the customer has no choice. That's just smart business. This is what tariffs DO in an open business model. That's how all competitors react when a tariff is forced onto a competitor throughout history. Our case was NO different. This is WHY you don't impose tariffs in a MODERN economy. Tariffs are imposed by people who don't know anything about economics.
You would think that a graduate of the Wharton School of Business would notice the after-effects of placing a tariff on imported Chinese steel, especially when such a tariff leads immediately to higher inflation within the USA. At the very least, you would think that Trump's friend, Larry Kudlow, would clue Trump in.
@@NorthernChev Thank you for your Reply! The "inside baseball" details of macro-economics can be fascinating. While I have your attention, can you tell me more about the *disinformation bot* notice that you received? I tell you honestly, I have no agenda, and no axe to grind regarding any group. If some entity is secretly labeling me as a *disinformation bot,* then I would say that the secret entity is the TRUE disinformation bot.
@@JohnBerry-q1h How many accounts do you run at one time? Just you personally.
It's ironic that Trump pushes for tariffs on China to 'protect American jobs,' yet many of his own campaign products are made in China. If he truly wanted to support American workers, shouldn't he lead by example and source locally? This feels more like a double standard than a real solution.
@@PrivacyZone 3 week old govbot.
@@Censortubes even his leather Bibles are printed in China. So what are you trying to say?
@@CensortubesMAGA's hats are all made in China, poor MAGA😂
Typical! All what he does he steer the pot. A selfish ignorant sub human! I blame the fools that do follow such crook. He is ruining the life of every human by his ill contempt.
@@AlphaGeekgirl that you are also a ccp bot?
Trump's proposed tariff plan has caused market volatility, leading to declines in tech and manufacturing stocks. With uncertainty ahead, I'm reallocating assets in my $400K portfolio, aiming to avoid losses while staying positioned for a potential market rebound.
A long-term approach can definitely help with navigating market volatility. Set Clear Goals, Focus on Quality Investments,Stay Patient and Avoid Emotional Reactions, and Work with a Financial Advisor
After selling at a loss during the dip, I was hesitant to reinvest my $600K. My financial advisor created a long-term strategy, focusing on diversification and dollar-cost averaging. In just 18 months, my portfolio grew to $850K. Their guidance has been invaluable in helping me stay steady and think long-term through market changes.
That's amazing! Could you share how I might get in touch with your advisor? I’d love to learn more about their approach and see if they can help me achieve similar results.
My advidor is “Marissa Lynn Babula” She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend her.
*Marissa Lynn Babula* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
This video does not cover the fact that Trump does not understand how tariffs work. Trump had claimed that tariffs don't raise the price on goods. Trump had suggested a 200% tariff on an American company that moved manufacturing out of the US.
More videos need to highlight just how staggeringly stupid he is. Those of us outside of his cult catch him making constant mistakes, like thinking "immigrants seeking asylum" meant "crazy immigrants coming to the US for our mental asylums". He had no clue whatsoever what political asylum is and every time he talked about it he came across as dumber than your average 14 year old. But because his entire base is exactly like that, they have no idea just how ridiculously dumb he is. The only way to get them to see it is to call him out for it where they can see it.
Can’t you use your brain for once??? That’s the whole point of trumps tariff plan. Tarrifs 200%, so high that it becomes unaffordable by the masses. Therefore the company selling it doesn’t make any money and will move into the US to avoid the tarriffs and as a reward it will receive a tax cut of 15% as well………
@@NiteSaiyawhile calling Trump stupid you exposed yourself for being stupid.
You believed a video of misinformation.
Trumps real tariff plan is to use a tariff so high 100-200% so that nobody will buy that product, as result the company makes no money and is desperate to re-enter the American market by moving into America, because of that they no longer have to pay the tariff, they receive a tax cut to 15% and in the end the product is made in America.
I would take Trump and his economic advisors over Kamala and hers!! Kamala knows NOTHING about economics!!
@@NiteSaiya Not only that, but immigrants also contribute to the US job markets and pay taxes. I live in beautiful MN, and I can tell you that there are more jobs available here than people. Walz has provided us with a great economy for years, and there is new modern construction all over this state.
I have a major problems getting behind an economic plan proposed by someone who was able to bankrupt a casino.
the clods who voted for him don't even know howto spell casino.
@@sylvesterhughesiii2248they voted fascism. Don't let them forget.
Sounds like coming from somebody that hasn’t been in business.
@@pitchblacknext So America has 75 million fascists you are saying?
@@pitchblacknext Please keep saying this. It's helping! :)
He doesn’t have a tariff plan. He’s been asked at least two dozen times in various interviews what his tariff plan is, and he has never once answered the question.
But he might have a concept of a plan.
He knows many plans. Many people are saying he has the best plans ✋🤚.
he doesn't have a concept of a concept
@@jaykay5580 lol, best comment
Ah Kamala must be a fluent clear concise speaker that actually can answer ONE question in your opinion then. Because she isnt, and can't. She literally has trouble memorizing the lines they feed her.
@@stripedpants1668 I have the BIGGLIEST plans, ... concepts for plans ... nobody EVER had such BIGGLY plans ...
(plays air-accordion)
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how idiotic it is to believe and pick a privileged rich dude for a president and not expect him to grant more privileges to his rich buddies in the detriment of the poor/average folk is beyond me...
LOL, you don't think the Democrats in power right now haven't done the same thing? You think Nancy Pelosi and Elizabeth Warren cares about serving the public? They're looking out for themselves while using double talk to pretend like they're actually serving the people.
@@Mohamedahmedouthman
IT IS NOT FASCINATING (TO SOME DEGREE), IT IS TOTALLY PREDICTABLE (TO SOME DEGREE BEHAVIOURAL SCIENCE DOES):
- MASLOV PIRAMID
- Asch conformity experiments
- Milgram experiment
- VON NEUMANN'S THEORY OF GAMES
IT IS NOT FASCINATING (TO SOME DEGREE), IT IS TOTALLY PREDICTABLE (TO SOME DEGREE BEHAVIOURAL SCIENCE DOES):
- MASLOV PIRAMID
- Asch conformity experiments
- Milgram experiment
- VON NEUMANN'S THEORY OF GAMES
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Which is why they want to cut the Department of Education, because when you keep people stupid, they will always vote against their own interests and pocket book.
That's why the idiots voted for Rump. He told everyone, he will cut taxes. What he meant was, he was going to cut his taxes again , the same thing he did when he ran for office.
He didn't say, he was going to cut the middle class taxes at all.
He literally rubbed everyone's nose in cutting taxes for him first and the billionaires.
1.5 billion for 1.5k jobs is unbelievable.
might aswell credit 1 million dollars each in the bank accounts of those 1.5k jobless people, but US capitalism is to create 1 billionare and 1499 minimum wage tax paying working class consumers
That's exactly the consequence of imposing tarrifs.
This is the math people should focus on. Tariffs are imprecise, inefficient, and inflationary. A very blunt tool that causes harm in many directions, including ourselves. In a global economy, tariffs have to stay in the trash bin of history.
@@amolbhatki5278 Ah, kind of like when China was running the price of tires down so they could put run American businesses under so Obama imposed tariffs so it didn't happen?
@@amolbhatki5278 wsj is as usual using a half truth to push a narrative. tariffs allow domestic corporations to compete and they have long term benefits if you don't just look at a couple companies and find some anti trump economists to demean them. there's a reason the media didn't criticize biden nearly as much, if at all, when he imposed tariffs on chinese EV and solar cells (which is a good thing).
at the end of the day the media is controlled by the democrats, and they want you broke and dependent on handouts.
A major cause of the Great Depression in the 1930s was tariffs. Nobody wins trade wars,
THe british won. They were the importers and we were the exporters.
Maybe not cause, but certainly it exacerbated and lengthened the depression.
And BOTH administrations are keeping them.
It was the New Deal.
@@barryraymond9004no, everybody lost lol.
Tariffs are just another tax. It will be the man in the street who have to pay in the end.
Taxation is theft
It's actually insane we have a candidate whose only economic policy is tarrifs, and he genuinely has no idea what a tarrif even is
Biden actually expanded Trumps tariffs. So… Trump tariffs bad? Biden tariffs good?
Kamala on the other hand is going to propose 52 trillion on taxes “to the rich” that will directly impact the average American. I guess it’s to the point of pick your poison.
What is it? Please explain. Also tell your job position? Just carious on the last question?
I agree. And I'm voting for Trump. He actually has passed many regulation reductions and cut taxes. But imposing tariffs is an absolutely foolish plan.
@@jackkelly6251 You win the award for least informed voter…
Kinda crazy how people don’t realize a tariff plan will be terrible for the American people. We import too many products, especially from China… this will also allow American companies to up their prices, greed seems to always win.
You don't seem to understand geopolitics, it's not about the short term inflation but about China; China is by far the biggest treat for the US and for the West, and you libs don't seem to understand...
not to mention American love for cheap goods
China doesn’t pay the right amount of tariffs for their exports. Look at Temu lol
Lol you got brainwashed by Wall Street into thinking tariffs are greedy.
He's not talking about adding tariffs to all goods or even small businesses. And leave it to the WSJ to not mention/understand the free market. They left out good ol' supply and demand. Do you really think if washers cost $5000 that people will continue to buy them? No they wouldn't. So without the demand for goods at higher prices, prices would drop until the market dictates they are of value. The washer companies could not sell washers to keep their doors open until they can find a way to sell it cheaper. This also leads to competition between manufacturers which is also better for the consumer. That is a balanced market. Tariffs are creating jobs and income for the country. Those jobs then help support families and stabilize communities.
Trump: I will fix inflation
Also Trump: proposes a tariff which will cause massive inflation
The thing is US outsource its inflation for printing the dollar through the petrodollar system. If there is a tariff war, other countries might actually use other currencies. The outcome would not be the massive inflation but the collapse of the petrodollar system.
I rather have job then cheap good.
@@santipheapkyable Cheap goods is the reason you have jobs.
Also trump: ran the country 10x better than any candidate now.
@@TemplarX2 ppl talk about that kind of thing, esp with BRICS and all that - but the cold hard fact is that there isnt another currency with the liquidity and stability to do it.
The dollar is safe as international exchange currency, come what may.
Markets look like 2015-16. Probably going back to all time highs, but will probably go sideways until fed signals rate cut, Recently sold 25% of my $285k portfolio comprising of plummeting stocks that were recommended by certain financial RUclipsrs, quite devastating!
not their fault, the stock market seems to be more of a casino for gamblers now than a place for investors. even if you were averaging down on ailing companies, its your duty to properly research, buying the dip does not guarantee a rebound
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As someone that lives in a country that used to be protectionist using import tariffs, our economics will say, in any day of the week, that protectionism in a globalized economy is the fastest way to shrink your own economy and make progress to stagnate quickly.
What country are you from?
Typical elitest mentality. The Chinese subsidize their industries to purposely destroy our industries. But the elitest do not care about American jobs. Economist that has never built a business know more than a man that has built a billion-dollar empire!!! Typical elite arrogance!
It is true if, and only if, said protectionist country is a weak country with nothing much to offer the global economy.
Otherwise, like Saudi Arabia, or China (which is highly protectionist, both now and in the past), or those European nations during colonial era, if you have powerful military and immense economy (plus highly sought after produces/commodities), protectionism is one tool to protect your competitive advantage.
Imagine if ancient/medieval China had free market and allow anyone to just copy their pottery making technique (those chinaware and fine porcelain), or allow foreigners to freely obtain/buy silkworm and tea sapling. That would be absolutely ruinous and idiotic policy, just like how Britain quickly lose massive competitive advantages during Industrial Revolution (from 1830s onward, especially after 1850s) by allowing their companies to export cutting edge machinery abroad.
As a rule of thumb:
If you are a weak (and rather small) country, your best bet is to open your economy and market, so you could become an international trade hub.
If you are a powerful country, with certain competitive advantages over your rivals, you should really safeguard that competitive advantages with all your might. You should actually leverage you military and economic power to gain even more advantage over your rivals.
In this case, American free trade push in the 1990s and 2000s was IMO a *major blunder.* America should've acted like ancient China (which enjoy many centuries of competitive advantage), not colonial British Empire (which position taken by US, due to UK's own blunders).
That being said, I'm not American, and I (as well as my country) greatly benefited from American sponsored free trade. So I/we wish they would continue this policy, but if I were American citizen, I would totally REJECT the notion of "free trade".
@@ihl0700677525 I would kindly disagree with that statement. Even though you seem very well-informed, and I do believe it to be true in some cases, however it does (in my opinion) seem much more complex.
Protectionism (alongside isolationism) broke Spain down economically so bad under Franco, that he had to hand over the economy to technocrats who opened up the country, thus resulting in the famous economical boom. Spain was a pretty large country at this point, and Franco was a general reinstated through a military coup d'etat
Furthermore, much of China's greorh comes from strategic openness and foreign investment, not just protectionism (accession to WTO, etc)
I would also argue, that the Smoot-Hawley act of 1930 worsening the Great Depression is a pretty good example of protectionism going wrong in a large militarised country.
Lastly, international and intercontinental agreements can lead to more productive and stable national and international relations. The EU as well as NAFTA could be examples here, and the antithesis could be the international friction during the U.S.-Vhina trade war as well as polarization in Argentina including right now under Milei (even though I acknowledge that this country is smaller and not nearly as wealthy as the previous examples).
In general, most historical and economic evidence does suggest that protectionism leads to a long-term hindrance in growth and innovation as well as (obviously) international cooperation and although there are of course exceptions, I do not believe it's as simple as the size of the country and military nor solely dependent on the economy before protectionism is initiated
@@lemiphil2388brazil i guess
I love how the American poor rush to elect leaders who promote more poverty for them.
What happens when the rich trick the poor.
sadly, they are gullible and uninformed. that's why you have orange conjobs like don ready to pounce what is left of their hard earned cash.
This isn't a strictly American phenomenon. At all. Actually, it's a theme that has been repeated throughout time and in many different countries.
@@rickai9945 more like STUPID!
Thus democrats
I’ve always appreciated the line “Tariffs are you doing to yourself in peacetime what your opponents will attempt to do to you in wartime.”
Mind blown
That’s a great quote
I see a list of winner countries if I search for countries with highest tariffs.
Can you tell me which country that put tarrif on US goods and is it bad for them?
@@kelvindoang1228 Let us know which countries have the highest tariffs. They must be winners according to your logic.
Great job America. You voted for this. Now reap the consequences.
Not I never did never will
Did you miss the part in the video where the Biden Adminsistration supported Trump's economic tariffs plan?
It's the start of the end of the American empire.
@@DJWolves97All politicians are evil. Your point is?
you guys totally blew it when you didn't even mention how china retaliated by not buying us grain . thousands of us farmers went bankrupt because they lost the chinese market. this kind of thing will happen all over the world .
.... exactly. Soybeans!!! China retaliated and it was American farmers that paid a huge price. Unfortunately many support trump even though they are the ones that got really hurt.
i searched this; China actually increased grain purchasing
@@stephn7374 Then why were the farmers getting government subsidies due to not being able to sell their grain? It may have rebounded but China did go elsewhere for grain during Trumps tariff game.
@@stephn7374 now you're just lying
@@stephn7374 Trump had to bail out the farmers with billions of dollars after the tariffs were imposed on China. When Biden came into office, he reneged on an agreement with China that if Trump's tariffs are eliminated, China would buy huge quantities of US agricultural products. So now, China is sourcing most of their agricultural imports from BRICS countries at even lower prices.
How American people think that a multiple times failed businessman knows how to save a country's economy is absolutely bewildering to me.
At least he has experience in failure compared to someone who has no experience at all.
@@raka4682experience in something does not mean that person will learn anything from it...
@@envynoir At least there is a possibility
He has succeeded way more then he had failed.
Ask yourself why were thise people that desperate to vote for him. No one asks that. Mostly middle class people who seen their stocks go up. They can’t see the damage that’s been done. Not saying he’ll do better. But it’s that simple.
I could have answered that in two seconds:
Because it’s stupid and will cost the poorest in the US the most.
That’s what they want. The more disenfranchised the poor are the more they can exploit that.
What's not being said is America had tariffs for a long time on imported goods from slave labor countries. When we dropped tariffs we lost the industries to other countries. We no longer have clothing and many other industries after that in the US. Dropping tariffs lost us a huge amount of industries in the US.
I work in the manufacturing industry and those 2018 tariffs radically changed the entire market. We had to be so incredibly careful about price increases and not shooting ourselves in the foot. It didn't help that construction jobs basically came to a close across the country, because they are planned months or even years ahead of time and a sudden massive increase like that was just too much. Companies that had been in the industry for decades were suddenly gone, tons of jobs were lost, and we were in the worst position that we could have been for when COVID hit.
ok we got it he’s bad, news are 100% right - what’s the actual alternative here? Covid hit hard, not comparable to what it is rn. Choose wisely, not just follow the headlines
Yea and most people didn’t even know he imposed tariffs they thought covid and then Biden got the blame - I had just bought a 12,000 btu window air conditioner from Walmart for $229.00 and after the tariffs the same unit was $369.00 -
We were in an amazing position, which was all ruined by the Biden admin
It’s almost like Trump isn’t actually that smart of a businessman. Who could have predicted that?
L
🤲
Wasn’t expecting K6 here ahah. I do agree though. He praises himself for being this business man then when tested. It backfires immensely. Hurts the working class the most. Kinda hurts his buddies but they already have millions so it’s not the end of the world for them.
Just sucks 🫤
Or perhaps they're actively trying to destroy the United States? Why don't people see that?
my fear is all those who graduated from Trump University will be working in Trump’s Administration. we are so doomed!!!😂
he knows what hes doing. this is gonna make his billionaire buddies rich.
America cant complain about anything , Americans voted for this .
The trump voters only
Only those too incognizant to understand the logical consequences.
@@xoseanaxo5538well he is still your problem anyhow
@@jpjovs1786 I'm in California, he's not our problem, thank god.
I voted against Trump 3 times!!! But we get exactly what you're saying
Tariff are a way to shift taxes to the poor and middle class.
Elect a clown, expect a circus.
This comment deserves more thumbs up 👍
Every person who have ever attended school should have been able to understand that adding tariffs to imports will make consumer goods more expensive. I really dont understand which body part US citizens are using for thinking
Except this is the same clown and pretty much the same circus. So America is showing the world they are unable to learn from their mistakes.
Yes, vote for Kamala. Her administration totally reduced the existing Tariffs from Trump's first term, right? RIGHT?
Did you miss the part in the video where the Biden Adminsistration supported Trump's economic tariffs plan?
Everyone I know thinks this is a terrible idea.
well what they dont know is that it will invite companies to move to the US and produce there, to avoid tariffs
@@RR-et6zp no it will not compensate for that. Or didn't you watch the video?
Removing tariffs decimated the U.S. middle class, the rich kept the money.
@@RR-et6zpAmerica has a 4% unemployment and Trump wants to deport 20 million people. Where are those manufacturing jobs going to come from?
D.J. Chump is the most corrupt, treasonous, compromised President
in the history of the United States!
Two repeatedly occurring events in the world with no winners: war, and tariffs.
Except both are literally how the US became a global superpower.
I'm an armchair economist. My idea would be a 2 step 6 year VAT. Each year for 6 years the VAT increases by 3%. The 1% would have no exemptions raising $280B a year. The second step would be 2% with exemptions for a VAT credit for " all US taxes paid". Property and use,corporate and payroll with a percentage attributed to health care and vested retirement. Of the total raised each year 2/3 would to general fund and 1/3 to augment the federal income tax. Make the standard deduction $75,000 and a flat rate of 25% to $600k and 30% above that. Also make ALL income earned with no exception, subject to state,federal and payroll taxes. If married the deduction would be $150k , about 80% of the population wouldn't pay federal income tax. Just a rough draft.
This article doesn’t cover hardly any of this aspect: yes, trade policy on the US side has been very quiet…
But it definitely hasn’t on our products to other countries. There is a distinct imbalance for many countries selling to us, vs us selling to them.
So yes, it’s a game of chicken, but one we ultimately have the leverage on.
@@ozmer Developing heavy industry and being thousands of miles away from conflict are why US a global superpower. It would most probably still happen, albeit slower. Also keep in mind there were half a million American casualties in WW2.
Not sure why you think tariffs helped in the long term when the data suggest otherwise.
Tariffs always win, always
Tariffs are essentially a sales tax for products made by the targetted country. Businesses hate them because there is no way to get around them like our corp tax laws. The point of a tariff is to reduce demand of products made by the foreign country. The same people who argue against taroffs have no problem increasing sales, income, corp, and/or property tax, despite them negatively effecting all americans.
the tariffs are gonna backfire on the US
All those Trump supporters saying the economy was important to them, and then showing they don't understand anything about the economy.
And you do, since you wanted the Hyena to win ?
@@Ixiah27At least she is not a moron like your Trump who uses tarrif as a weapon. I hope you enjoy the next four years with much higher prices.
@@Ixiah27 Please explain how his economic plan would work.
@Ixiah27 happy to see MAGA have learned how to engage in productive dialog and utilize their critical thinking skills... oh, nevermind.
@@joeyappley202
First, im from Poland, second you cant offer anything but platidudes but think you are better and third, are you so blind that you dont care about who his opponent was ?
These tariffs are a terrible idea, but people voted for this guy anyway. That decision will come back to haunt them. I mean you handed the keys to the guy who created all these economic problems in the first place
Local food is better than foreign food. Focusing on increasing the economic strength and integrity of American grown food brings more stability to the market for Americans everywhere
@@nigeriansareamazing5555sure bud 👍
compared to the alternative the people still chose him. what's that say about his competition
Most of them have no idea how tariff work. They think China will pay the tariffs and Americans won't see any differences on prices for themselves, and that it will just magically create a ton of American jobs out of thin air.
@@nigeriansareamazing5555 Have you seen the price on American grown coffee? We don't have the climate to grow it in high quantities, and what little we do produce is very expensive. Same with things like chocolate, bananas, and avocados. Not to mention tons of foods have palm oil, which we cannot make at all. Then there are things like rice, which we do produce, but if we replace all the foreign rice with American is it enough to feed everyone? It's not as simple as "buy local" because we really cannot just replace everything people buy with a local alternative. You giving up coffee? Well soon you many not have a choice anyway. Enjoy living off potatoes and beans or whatever. Food prices are gonna skyrocket and you won't have much of a choice.
Tariffs won’t work they’ll just make prices go up which is not gunna help the middle class
Trust a repeatedly bankrupt businessman? Only angry voters who don't understand economics would want this clown running things!!
🤡🙄
dude, it will invite companies to move to the US and produce there, to avoid tariffs
@@RR-et6zp And be saddled with the expensive cost of US manufacturing? They stayed out for a reason.
@@RR-et6zp being invited doesn't mean they'll accept the invitation.
@@RR-et6zpvery naive of you
The average American would rather pay 10 bucks for something than 5 bucks and 1 dollar in tax.
Average American would rather pay 10 bucks for something made in America which raised their economy and salary so they can easily afford it now
It wouldn't even be 1 dollar in tax in some places in the usa
Average American be like:
Yeah! Down with taxes! Protect my rights! Right after they sell their house to finance their cancer treatment because healthcare is clearly communism.
Over half of America thought a failed businessman can solve the problems but they are about to find out that he’s about to exacerbate their problems by a major factor
Better option than the puppet that wouldn't take interviews, flip-flop on everything, and lie about the border. I am not the biggest Trump fan, but I'll take his economic, social, immigration, and foreign policy over Biden's and Kamala's any day of the week.
Nowhere near over half, you have to account for the majority of the population not voting
@@jacobjones1457agreed , trump only one because the Democrats decided to absolutely abandon there base of supporters (and made a bad campaign) to the point that a unpopular president who is hated by his former coworkers , who ran an absolute terrible campaign, an had only 2 policies that both will decimate the is economy , won.
Better than a 60 year career politician that has no idea about anything except getting re-elected and thinks taxes and regulation are great. Biden is also a racist, sexist, corrupt politician that showed with his 13 year old daughter.
As if the Democrats did any better. I'm not a trump fan but yall gotta stop pretending like your president hasn't F-ed up the economy for 4 years straight
As a business owner the tariffs hike will not affect me I just need raise prices on my goods the consumer will pay more it’s called inflation.
If you’re not affected, and presumably already profitable, the prices need not go up, yet business will increase.
Oh yea, easy peasy
A tariff is a tax on the consumer. That is the lesson my country (New Zealand) learned in the 1970s and 1980s. We had a totally protected economy in the early 1980s when we had the most expensive cars in the world thanks to tariffs to protect our so-called car industry. Now we don't have a car industry, which was not worth saving, but we have very cheap cars. Tariffs also cause economic distortions and inefficiency. US consumers will suffer under Trump's plan.
Hmmmm, traveled to New Zealand yr before last. I noticed all vehicles were way more expensive than here in the states. The hunting guide there really wanted an F150 truck, but said even used ones were over 200k
@@loydmccoy3532 that's because an F150 is not a popular car in Oceania, it will always be expensive here. But for general asian vehicles it is relatively cheap. Covid has messed up the car market here though so it's hard to draw good conclusions anyway.
He is right though tariff to protect car industries here is dumb, it might not be a bad idea in the US with it's economy of scale but that's why Biden already went hard on car tariffs, a flat 10-20% tariff of the entire world would be economy shattering.
True ! US consumer will have to pay more because tariff actually adds into retail price to the consumers.
I better not hear a single maga fan complaining about inflation in these next four years
Problem is you forget that despite tariffs inflation was low during his first term and tariffs brought 80 billion. Some industries did suffer but he supplemented them with tax cuts and subsidies.
Tariffs may or may not work, but Democrats were hopeless assuming spending on unwinnable wars and illegal immigrants will somehow cause inflation to come down.
@@amrgg3272 98% of the income collected from tariffs under Trump was paid back to farmers as price loss protection from retaliatory tariffs. Tariffs are not good for the economy, they increase trade deficits, and will likely lead to major corrections (recession, depression). Can't wait to see a second Trump term. He's been given the strongest economy in the world post-covid, and inflation rate that is back around 2.1%.
@@amrgg3272but inflation have quite literally went down every single year under biden-Harris. Trump is getting handed a great economy again LOL.not mention him wanting a mass deportation of illegal immigrants will cause a recession and a depression.
They will, and just find a way to blame democrats for it, like the comment above mine. There has always been more jobs and economy has always been stronger during a democrat presidency. This is all historically recorded as proof, but they never want to acknowledge it
@amrgg3272 'Unwinnable wars' oh yes, you really know what you're talking about. It's not that if Biden and the US helped more, Ukraine could have succeeded in its counteroffensive, and the war could have been over?
Trump doesn’t know what a tariff is which is absolutely insane for a former president. He actually thinks China pays the tariff.
Actually businesses are moving out of china because both him and his successor have implemented t@riffs on china. It also started re-sh0ring.
He in fact does not think china pays the tariffs he thinks china will figuratively pay the tariffs by loosing manufacturing when it comes back to the United States. Think with the tiny little pea brain you have.
@@loganosborne164 well the opposite is happening china is loosing nothing 😂 but the us has lost the trade war
@@jayantrana7389 you do realize you have to make changes and then wait to see results!? This is not the sims where you can fast forward
@@jayantrana7389 and also Bidens administration has openly said they were planning on keeping trumps tariffs and possibly adding more. Please read something official for once.
Trump isn't a reader of books & reports, we know that. And we have seen his failures as a businessman. So, someone has been in his ear to push this tariff stuff. In the short run this tariff plan will cause economic troubles; in the long run it is very hard to reverse tariffs.
The Feds has unleashed chaos! every day we encounter novel challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $280,000 savings vanish after putting in so much effort to accumulate them.
I'll suggest you find a mentor or someone with experience guide you especially in this recession. for your and portfolio diversification.
True. I first came across investing in the market in 2019. Already stashed about $480k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. Tbh, it's the best investment decision I've made since then.
I think this is something I should do, but I've been stalling for a long time now. Mind if I ask you to recommend this particular coach you using their service?
I work with the popular Rebecca Nassar Dunne. Who happens to be a is a hot topic among financial elitist in The US. Especially for her works during Covid. All the information you need to set up an appointment is on her web page.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Hahahah, he's president now, shows that half of the americans dont read anything other than the headlines
They don't
It’s amazing how they don’t have any good option for their presidency. Truly an Empire in decline
I doubt they even read headlines lol
The WSJ comment pinned on this video links to an article with a negative view of Trump’s tariff plan but the title sounds like it’s a positive view and everyone’s eating it up in here 😭😂 so true
They don’t care. They voted for him because of all the things he’s AGAINST. Not what he’s for. Even if they will be collateral damage.
Just think of it as a 20% tax increase
@@abdiganiadenDid you even watch the video? It's 60% for China and 10-20% for the rest of the world. It would be economically ruinous.
@@abdiganiaden Trump said 60% on China and 10% on everyone else...
@@abdiganiaden these are the people that will decide the election 😭
@@abdiganiadenkeep defending your precious billionaire
@@abdiganiadenthe best economics is when countries cooperate....that's what make the US superior in trade...but when a country start getting isolationist.....the economy shrinks and you are left with a country with insanely high labour costs
For all the tariff supporters, has there ever been an instance in history that tariffs actually improved the economy and made life more affordable for the working class? All expert articles on this matter suggest that they are always a terrible idea for the economy specifically for the working class because they increase cost of living.
Saw some guy cite Bermuda as example of it working😂
This policy means middle class Americans will pay for the rich to get richer.
hence why the billionaires are unabashedly coming out in full support for Trump.
@@WiseOnionname someone besides Elon
@@Kevin-xk3me Bill Ackman , Peter Thiel, owners of Johnson & Johnson, John Lieteud owner of Jimmy Johns, this guy Geoffrey Palmer who owns 11,000 rentals in LA so he can keep people poor and rent, Home Depot owner Bernard Marcus, Casino magnate Steve Wynn to name a few.
@@WiseOnion Ok, now demonstrate how a billionaire supporting Trump inherently means that ulterioring things are occuring.
@@Kevin-xk3me you do your own research and critical thinking you tool.
No more income taxes but everything you buy has a giant tax (tariff) on it. Great stuff 👍
D.J. Chump is the most corrupt, treasonous, compromised President
in the history of the United States!
Hurts the poor the most, the rich love it, helps them a ton.
The tariffs are selective. They only apply to imports
@@thor.mukbangliterally us import all major things
@@hamelconsultancyllc How do you figure? If rich people have more money and buy more stuff wouldn't they pay more of the tariffs and therefore their "fair-share"?
Tariffs are a two-way street. If you put tariffs on our goods, why shouldn't we put tariffs on your goods? If you vote Trump, enjoy your inflation.
I mean he already was there once and there was no significant inflation in that period of time.
@NaSaSh1087 Last time Trump utilized tariffs, countries responded with their own tariffs against American made goods. This resulted in Trump having to bail out farmers (costing the taxpayer $28 billion). Trumps tariffs resulted in reduced real income for American workers and negatively impacted America's GDP. The fact that Trump wants to repeat this with increased tariffs on all imported products is madness.
@@NaSaSh1087 Today Trump is trying to say there was 0% inflation all 4 of his year, and 2 of Bidens years (thanks to Trump)
Well, here is reality, During Trump the inflation rates were 2.1 / 2.4 / 1.8 / 1.2 (Worldwide shutdowns in manufacturing due to COVID took place)
During Biden it is 4.7 / 8.0 / 4.1 / 2.4 (Current)
Now Obama saw -0.4 / 1.6 / 3.2 / 2.1 / 1.5 / 1.6 / 0.1 / 1.3
Since 1960, the only 2 years with 0% inflation are 2009 and 2015. COLA adjustments (Social Security and VA benefit raises) are based on the average inflation of Q3 (July + August + September Divided by 3 = next years COLA adjustment) For every year there was a COLA adjustment, it means there was that much inflation last year in Q3.
Source: US Inflation calculator: Historical Inflation Rates 1914 - 2024. Go to site to see monthly inflation rates.
@@NaSaSh1087it takes time for the problem to roll out. Why do you think the price of new cars have tripled? Now insurance companies have raised their price on me because it cost too much for them to pay out a claim.
@@NaSaSh1087 Not true, many products went up.
Americans who don’t know will soon learn.
What this video ignores & what people don't understand is that the reason costs go up for households due to higher prices even for domestic goods is that corporations are unwilling to let profit dip even a tiny bit by eating slightly higher resource costs, so they pass on those costs to American consumers. They do this to protect shareholders & earnings at all costs, even if it means hurting Americans & potentially moving local jobs overseas. So who is the real enemy, China or corporate leaders?
answer: everybody
you cant live and benefit from a acapatilist society while at the same time demonizing said society its hypocritical america
All the rich has to do is make sure both sides of the poor continue arguing amongst themselves
WSJ fact checking Trump?? Does Rupert know about this??
If they where they failed. They missed the most important part. Trumps lie that the other country pays the tariffs.
Nailed it
Rupert knows the people enabling his "trickle down" crimes don't read WSJ or anything else and only watch Fox News
WSJ market is finance and serious people. They don't want to pay for sensationalism
Its not difficult to fact check Trump. He is a compulsive liar, so by default all his "facts" are not true.
AI stocks are set to dominate in 2024, but I also see potential in Bitcoin as a rising investment. While my preference leans toward NVIDIA, given its strong position to support long-term growth and its role as a critical platform for AI companies, Bitcoin’s continued adoption and resilience make it a compelling option as well. I know someone who has made over 200% from NVIDIA, which reinforces my confidence in it. I'll also consider the other recommendations you shared!
I agree, just because the market presents opportunities doesn't mean we should rush in headfirst. For this reason, we should look for appropriate market analysis or guidance or, alternatively, seek advice from certified market strategists.
Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advisor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.
how can I get your advisor please, if you don't mind me asking? I could really use a help as of now.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.
Scam.
note that tariffs will only apply to consumer goods.
Correct. They forget that so easily don't they......
Tariffs will kill the US agricultural industry
They almost already did, we had to bail the farmers out under 45 to the tune of multiple billions
US manufacturing as well - like my company. We build electronics. Many of our components are global commodities. When he imposed tariffs on Chinese electronic components, prices went up across the board. Same happened with his tariffs on Chinese and Canadian steel and aluminum.
Trump already threatened John Deere for manufacturing in Mexico and wants them to pay high tariffs.
You mean like 2016-2020 when we had a booming economy?
Thanks Obama! @@Yogurt_Fingers
Tariffs and trade war are actions of last resort when negotiations fail, not actions of first resort.
You’re also assuming he doesn’t intend to negotiate first and anything is better than just taking a bad deal just for the sake of pretending like you’re the world’s care taker
@@Dynasty19 well actually 'no deal' is often worse than a bad deal, in terms of vital resources.
We are at last resorts
We are so doomed
This level of incompetency is what happens when you have hate in your heart.
Pro Inflation policy ☹️
That was 30% inflation Biden-Harris. I’ll give Trump a try.
@@raybod1775 It would be higher under Trump.
@@raybod1775 Lol you do know the entire world experienced high inflation right? Has absolutely nothing to do with US presidential policy (which has absolutely nothing to do with Federal Reserve policy). 🤦
@@raybod1775 And yeah the other commenter is right. A second Trump term will have a much larger deficit than Harris--that's the consensus among non-partisan economists.
@@raybod1775 The whole world experienced unusually high inflation in that period, you know? 🙄
The biggest lesson I learned in 2023 about the stock market is that nobody knows what will happen next, so practice some humility and low a strategy with a long-term edge.
Nobody knows anything; You need to create your process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
@@TerrencesSheldons I agree with you. As an early investor in NVDA, AVGO, ANSS, and LRCX, my financial advisor's advice was incredibly helpful. Over the past seven years, she has helped me find stocks that have performed 10x multiple times. With her help, I've grown my portfolio to over a million dollars.
@@JoeWilmoth-k2w Could you kindly elaborate on the advisor's background and qualifications?
@@BettinaBischof There are many independent advisors to choose from. But I work with MARGARET MOLLI ALVEY and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements.
@@JoeWilmoth-k2w I just ran an online search on her name and came across her website; pretty well educated. thank you for sharing.
Increasing tax rates are the reason I rolled over my 401k to a Roth. I don’t want to be 59 paying taxes on current income on withdrawals made from my retirement account. I'm now seeking best possible areas or ways to gain wealth in today's economy.
Pre-tax contributions may help reduce income taxes in your pre-retirement years while after-tax contributions may help reduce your income tax burden during retirement.
Both have their perks but you can also save for retirement outside of a retirement plan, such as in an individual investment account or employing the services of a retirement planner/investment advisor.
Private investing is the best way to go about the market right now, especially for near retirees, I've been in touch with a wealth manager, netted 370K the last downturn, made it clear there's more to the markets than we average joes know.
@@everceenWho is this Adviser or investor you use? I lost over 35000 already this year, I’m in need of a planner going forward.
I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "KAREN LYNN CHESS" I've worked with her since the pandemic and highly recommend her. You can check if she meets your criteria.
"Man, this video is a wild ride! Tariffs, trade wars, and all the chaos. Honestly, I've got $167k chilling in my emergency fund, and I’m itching to make it work for me. But where do I even start? Stocks? ETFs? Real estate? Feels like I need a PhD to figure out where this tariff drama fits in. Someone point me to the money trail, lol."
What's the problem with raising prices on, let's see here, every product you can think of?
Prices on average have gone up 30% since Biden became President. Facts are not on the no tariff side.
If you are joking, fine, but if you aren't, then you have no grasp on what "inflation" is. I really hope you are joking. :)
You mean your new BMW?
@@Marianojoey Yes, exactly, tariffs are inflation, but deliberate in this case.
Domestic producers have the dominant market share in some industries. It'd be quite sad if a country were to completely depend on imports, as it'd mean other countries would have the reins. Especially dependence on Agriculture, which the United States doesn't have a problem with.
I have never heard anyone from the right explain how this is good.
Because you refuse to listen
@ how long will it take to rebuild our low paying manufacturing job infrastructure?
@@dustinmartinez7352 exactly. Factories won't spring up overnight. Not all training can be completed in a weekend. Farms don't produce more.
If Trump is supposedly a great businessman, why would he make decisions which hurt the American consumer with tariffs?
He drove a casino into the ground.
because guess what, he's not actually a great businessman
See that's the thing, they don't hurt the American consumer
@ no tariffs do hurt the Americans consumer. Every time the government has ever instituted wide ranging tariffs ok imports the Americans consumer has suffered for it.
Imagine bankrupting a casino where your customers literally go there to lose money 😂
Never forget, imports still went up even with his stupid tariffs. They literally did nothing to change spending habits.
How do people think Trumps plan to do anything that includes money would work when everything he has done with his businesses have failed???
Economists hate it because they actually know what a tariff is and who actually pays for it
I treat economists as much as the weatherman
Those guys who said inflation was transitory?? I'm supposed to believe them? And if tariffs are so bad why did Biden announce tariffs, to thundering applause from the MSM, back in May?
@@wpierce34004evereconomists know everything especially since they all run multibillion dollar companies and physically do business all over the globe . oh wait no they don’t
@@wpierce34004ever both biden and trumps tariff policy is not good, biden is older than trump, tariffs are an old dated thinking idea.
@@nassairgolding7403Perhaps… but why are Trump tariffs bad, but Biden tariffs good…. According to the media…
What if we just taxed billionaires?
shhhhhh, you cant speak facts here.
We can’t tax billionaires! We have to give them tax breaks and add to the national debt!
If u were a billionaire and going to be taxes high rates why would u stay in America? You would take your business and factories to another country. Thus end the jobs of many thousands of people. Tax the rich is not the answer. We need rich people to want to stay here. They are the ones who create jobs.
That doesn't work either.
Nah that would never work ?
And if you thought you were priced out of a house before... Canada will tarriff back, so wood and steel will be outrageous.
THE QUESTION: "What is this video"?
THE ANSWER: "Something you'll never see on fox news"....
WSJ are leftist?
I mean.... you saw the video right?!? Did you see CNN or MSNBC saying anything about the Biden Admin keeping and INCREASING some of the tariffs?!?!? Just very curious about it...
Biden actually expanded Trumps tariffs. So… Trump tariffs bad? Biden tariffs good?
Many things you won't see on CNN. CNN is so biased.
Personally I don’t understand why anyone would watch mainstream media on either side of the political aisle. They are all so ridiculously biased it’s sickening.
A problem I see is this. Let's say it costs $1.00 to produce a drier in the US and $0.50 to make it in China. The only way, really, to make an American buy an American washer is to make the Chinese counterpart to cost $1.10. You increase the price of the Chinese drier, but these aren't going to be made in the USA until they cost $1.10. Meanwhile, we're also slapping tarifs on Chinese (and Canadian) aluminum.
I have to wonder if the best thing for America would be for us to be under Republican rule for the next 10 years and be in a recession for the while time. Apparently January 6 wasn't enough of a punch in the face. Only pain will get us to make the changes in attitude we need to make.
I was thinking 4 years would do it.
Well what happens is that a drier then costs 1.10$ instead of 0.50$. The american one that cost 1.00$ will then be also sold for that 1.10$. Thats what happened last time under Trump, thats whats going to happen again. And no you can‘t go into a decade of recession and turn America into a country that has only „Made in America“ without Imports. If you want to see what happens when a economy gets isolated take a look at North Korea. Because you can‘t export your goods either. The rest of the world is still going to buy the cheaper chinese stuff not the new expensive american.
Imagine a U.S. President running on a platform of national sales tax
It's a great platform
@ with a cost of living crisis I fail to see how that’s the case
"The most dangerous ones are the diligent stupid ones."
Trump put tariff on imported steel, say 60% now:
1. Local American market will have to pay 60% more for the same imported steel they used to buy before. American consumer will have to pay 60% more.
2. Local American market will make domestic steel price ~60% more as a side effect. Same steel that was much cheaper before the tariffs.
3. Americans pay more for everything made of steel 60% more
4. American market COULD make more jobs in US for domestic producers, however regular people won't be able to pay 60% more, and it will end up with layoffs, because American companies won't have same load to manufacture the steel.
Who gains from whole this thing: Trumpet
Who lose from the whole this thing: consumers and American people that were laid off
American steel with Minnesota ore, need not increase prices, due to the flood of business coming in. If they’re already profitable, employees are happy, employers are happy, customers are happy.
I just today realized why Trump is so adamant on tariffs. It's because he alone has the power to enact them. He wouldn't have to go through congress or anybody else; he could enact them and say he fixed the economy single-handedly, even as it burns to the ground.
Its like Swedish steel. US tarifs made Swedish steel production super efficient. They made up for the gap and are now better than US steel. Tariffs cause unintentional unforseable effects
Forgot about Swedish steel. Excellent point.
The Soviet Union USSR lost the Cold War primarily due to its failing
Economy. Which was crippled by
Inefficient central planning. The USSR Economy struggled to keep
Pace with the west due to its centralized planning. Leading to
Shortages of consumer goods and
A declining standard of living.
7:11 You overlook the fact that Tariffs can be enacted by DT WITHOUT Congress.
The closest thing to Authoritarianism in the US Govt's current structure
Trump's tariff policy may be a scheme for him to collect money behind the scenes from other countries.
Almost everything Trump does is a con:
Trump sells non-existent Gold Watches without a delivery date for $100,000.
Trump sells sneakers without a delivery date for $400.00.
Trump lied and continues to lie about the election being stolen scamming his supporters out of more than $250,000,000.
which is what he did in 2018.
You know I actually learned how tariffs work in junior high School.
You want a cookie?
@@Gboy619where u from
Clearly you didn't
@@98wojtas I might be a psychopath for saying this, but what makes me happy is that no amount of "Owning the libs" will ever make you happy until you try to understand how everyone else thinks, including the opposition.
Dear #Latinos4Trump
Do Not Complain when los Arracheras' Are going 7.99 to $15 per pound
EDIT:
Sincerely
A Mexican-American who is Not or Never Obsequious to your Tio Trump
Canada is only going to respond in kind; and understand that 36 states rely on Canada as their #1 export market. So this is going to hurt right back. Double the pain actually, with tariff-induced inflation, plus loss of jobs as your top export market implements its own tariffs. Party like it's 1929! Also, if you exclude oil, there is no trade deficit... the US is in surplus on goods and services meaning we're "subsidizing" you folks. This is a completely unwarranted provocation that will only serve to cripple both our economies. The saddest thing about it is that we are not only neighbours, but we are (used to be?) each others' best friend and ally; capable of accomplishing tremendous things when we work together.
An econ 101 student could probably tell you why Trump's tariff plan is a stupid idea
But a good number of Americans voted and will still vote for him. 😂
His whole idea is based of the premise that the other country pays all of the tariffs. Since this part is wrong, the entire plan is faulty.
@@sommebuddy Good!
Plain ignorance. It's actually embarrassing to see. The sad thing is the US is so influential around the world that they don't realize how this affects not only themselves but the whole world.
I am not saying Kamala is an angel either but there has to be a better option between the two. Vote third party if you have to but for those who vote Trump don't cry when things don't go the way you expect. Same with Kamala.
Biden actually expanded Trumps tariffs. So… Trump tariffs bad? Biden tariffs good?
They hate it because it is stupid and overly simplistic.
big surprise. If you use tariffs and remove competition, local production has no incentive to do anything except be 1 penny cheaper than the tariffed product.
But they have every incentive to scale their price depending on the demand, if people stop buying the tariffed good because it's more expensive and you're undercutting them, then you'll have more to sell... the problem is it's expensive to retool your production to meet that new demand, and its cheap to simply up your price by the same amount the tariffed version was, which will basically restore you to equilibrium, so now everybody is paying more with no real change in behaviors.
Over time behaviors might shift, a company may figure out that retooling will be cost effective enough of a strategy to capture more market from others by undercutting them, but it's such a massive risk that they're more likely to simply collaborate with the competition to fix their prices.
Tariff is not a one way street. It is a tax added to your goods and services that comes from other country that you used for your everyday consumption. You’re hurting yourself with the added cost.
The middle class will pay for the tariffs not the super rich, They don't have to pay their fair share in taxes to begin with!
and that's exactly the point.
Income tax taxes your capital gains as well.
Tariff taxes essentially consumption.
So you shift the taxation from the rich to the poor
If the super rich get their income from investments in companies then if the companies are hurt by tariffs then yes the super rich (and anyone with a 401k) will be hurt. Mindless class warfare comments don’t add to the intelligent discussion on tariffs.
@@juliahello6673 That's the thing people aren't understanding (apparently) Tariffs do NOT harm the companies, as they just jack up the price and actually increase their profits. It can harm certain industries that rely on a good but can't quantify that cost increase in the goods they sell (say for example the cost of steel being increased causes farmers to need to pay more for their equipment, but can't really increase the cost of their crop by 60% so they intake additional risk without being able to tabulate a profitable increase in the price of their crops). But for the most part the companies that the rich have their investments in will do fine through the short term, though in the long term they'll be hit by the middle class being shoved down so hard that spending decreases overall potentially crashing the economy.
But until that happens, they'll be sitting pretty with their profits.
Cool, lets show this to trump supporters so they can see what they just voted for.
Yea lol but they still wouldn't care, I mean now way they didn't hear any of the pure bs he says all the time.
they wouldn't even understand half of what is being said in this video
Tariffs are coming lol
I’m aware what a tariff is and it’s good. Now go learn about globalism and meet me back here so we can talk about tariffs
I voted for this, this is great, this will bring back jobs to the US, this will make US produce goods again, it will raise our economy, america will be great again
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Well as you know bigger risk, bigger results, but such impeccable high-value trades are often carried out by pros.
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i completely get why so many people don't understand how tariffs work and don't work. What has me so baffled is why so few americans seem to understand how Google works.
They don’t need Google as long as they have their American dreams 😂