Trump’s Tariffs: 40 Years in the Making 🇺🇸💰
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Episode Description
Full episode: https://youtu.be/Iazo7g40VbQ
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Brief Summary
The episode critiques free trade and discusses tariffs as tools to correct trade imbalances.
Key points
- The Reality of Free Trade. The speaker argues that true free trade does not exist today.
- Understanding Tariffs. Tariffs are described as a mechanism to correct historical trade imbalances.
Transcript
the fact is that you don't have free trade you know the one thing I'll say about Donald Trump is you may not agree with the tariffs but he's been incredibly consistent i stumbled into an interview he did with Larry King in 1987 and he walked through the entire trade imbalance 40 years ago we don't have free trade right now because if you want to go to Japan or if you want to go to Saudi Arabia or various other countries it's virtually impossible for an American to do business in those countries the fact is that you don't have free trade we think of it as free trade but you right now don't have free trade here's what tariffs do tariffs are
a level setting mechanism that fixes a historical imbalance what they want is to create the economic incentives to reshore as much industry as possible into the United
