If and when I buy my new (or used) vehicle in the next few years, it's definitely not going to be a gas guzzler. The costs to repair an EV are much cheaper because they have fewer parts. And batteries are getting cheaper by the year, so replacing a battery on the EV won't be as painful if needed.
@賴文茹-y1w Not necessarily! ASEAN has replaced the U.S. as a top trading partner. 10 years ago, the total amount trade was $300 billion dollars. Last year, it was nearly $1 trillion dollars...not to mention China is a #1 trading partner to 125 countries.
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.
To be honest, I've been wary , but I wasn't sure how to speak with an advisor first. Please let me know who your adviser is if it's okay; I need some recommendations.
My CFA Annette Christine Conte 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
@@jimmylieb5225yes. He destroyed the soybean and grain export market for most of those states. Then signed an executive order for $28 billion in farm subsidies thinking his long game would work. Those markets are still gone. Brazil took over a large share. tRump has been telling them to just hang tight, it will work. lol
Is being friendly to China a good idea while they support our enemies? I find it so amusing when so many people talk about how important it is to stop Global Warming or how bad it is to trade with our enemies but then whine and cry at the solution.
Let’s not forget what happened during Trump’s first term with all the retaliatory tariffs, especially how they hit farmers. After Trump’s tariffs, China fired back with their own, tanking demand and prices for U.S. agricultural exports. A lot of farmers struggled and some went bankrupt. The Trump administration used $37 billion in taxpayer money to bailout the farmers, all thanks to the tariffs he imposed on China. So on top of it costing more on imports to the US consumer, tax payers also had to front the bill to bail out the businesses who export to other countries to prevent our agriculture companies from all going out of business.
Any idea how much her plans would have cost? Unrealized Capitol gains, a continuously open border, nonstop Christmas for Ukraine, a stupid energy plan, expiration of trump tax cuts. The last 4 years are already evidence, things would get even worse. Ill take my chances with tarrifs
We already played this game last time Trump was president. His tariffs decimated many farmers, and then he had to pay the farmers for their losses. Easy Google search. Tariffs are never recommended because the foreign country you’re putting a tariff on will come back and put tariffs on your goods as well. So it becomes a battle of the tariffs.
Except that didn't happen china knows putting tarrifs on goods it's only going to cost the consumer. China just didn't buy the soy from the farmers plain and simple they went somewhere else which is what is going to happen.
I guess nobody on here understands how bad tariffs are. Almost all raw goods are sourced from overseas, so manufacturers have to pay tariffs on all parts and materials. In fact, the cost of those material's tariffs is larger than the tariff on the finished goods. This means that US made goods will GO UP MORE THAN IMPORTED GOODS. Killing manufacturing in the US is not a good result, but that is what will happen. As a manufacturer in the US, my company is closing December 20th, as we cannot do business without knowing future costs of raw materials. It has been a good 24 years, but we cannot do business in a country that is run by an idiot.
A lot of US goods were made from US raw materials and shipped to China for lower cost of labor, btw. On top of that we lost 5 millions jobs that could have been created if we did not shipped jobs and manufacturing to China thanks to Clinton
Tariffs work when there's an alternate product produced in the US. But there are no alternative products made in the US so consumers are forced to pay more go household products.
What do you mean? Let’s use Walmart as an example for their general merchandise. Walmart made a promise to start selling American made goods a good example I can think of is Drew Berrymore’s Beautiful line. All the appliances in that line are manufactured by Gather a company out of New York. I’ll give you another example, the Pioneer Woman line of appliances and products some are manufactured in Mississippi other in China it’s hit or miss. The Dogg Supply line by Snoop Dog in Walmart is manufactured by Five Star Blue LLC and they’re based out of New York as well. Compared to name brands like Keurig which gets their brewing system from China.
@irvin295 that's not much of a selection. And doesn't cover tools and hard ware. Alot of companies claim they're American made but really come from China. I don't think anything in electronics are made in the USA. And trump is the biggest hypocrite of all of his stuff comes from china. But don't worry his stuff will be tariff free.
The USDA reports that about 90% of all avocados eaten in the U.S. come from Mexico, totaling an estimated $2.7 billion in imports for 2024. In 2023, total U.S. imports of fresh tomatoes were valued at $3.2 billion. Of that total, 86.1% came from Mexico, according to the USDA. Donald 25% TAX increase on these products is going to dramatically raise food prices.
The raw material goods to make American products are sourced from oversee. The appliances may have been created here on Drew Barrymore's line but the materials used to create her line come from overseas. What's your paying for and what you're getting in the United States that's American made is the labor is American made but the resources used to create those products are typically foreign @@irvin295
You do realize how many very successful businesses trump has right?? Name one business person who’s had several businesses and not had one fail. That’s part of having multiple businesses.
I was at Walmart the other day and I’ve never seen it so dead. I do believe Trump’s tariff will hurt the economy. People will shop less and businesses will go out of business one by one.
@Ashgutierr I live in Philly and it's crazy here, people everywhere, all stores, restaurants, bars are busy all the time.I only go grocery shopping on Sunday morning at 8 am😂
That’s exactly what is going to happen nobody going to pay more than what they already paying if nothing is not selling no employees no employees no business no company
The American made cars will go up as well since much of the domestic cars is built from imported parts, then assembled here. Those parts will be tarriffed raising the price of "domestic" cars
Bencharlie, you’re clueless, the parts will increase in price therefore the finished product will go up in price, the only good thing is cars are a once every 10 year purchase but the increase in every day items is where the real pain will be. Get ready for 10-15% inflation, for reference it’s around 2% right now
The United States imports iron ore for a number of reasons, including: Domestic reserves: The United States has been running low on high-grade iron ore reserves. Transportation costs: Iron ore mines in other countries, like Brazil and Australia, can deliver iron ore to the United States at lower prices than domestic mines.
@@camresearch5120: another factor tied to importing, is the increased cost of production. US coal and steel production became uneconomic and that is why steelworks and mines where mothballed in favour of imports.
Many companies left decades ago for cheaper labor and higher profit... should have put tariffs in place then.. not now... but politicians got greased to let it happen...
You think republicans just born this year? Tariff has been tried during every republican presidency. And it always make product more expensive, because why would china or any other country or business man take a loss to do business. They are not charity.
They left because Reagan pushed the unionized employer's out. This is how all the poverty started. The breaking of our strong union workforce. Now nobody can afford to retire. Look how much less your grandparents retired on before the greatest theft of wealth in human history. Nothing ever trickled down, It still goes up.
Pat Buchanan warned everyone, while he campaigned against globalists Bush in 92 and globalist Dole in 96 for the Republican nomination, that that globalist corporations and politicians have no loyalty to any country, but only to their greedy self interests.
so for example, Apple, the most valuable company in the world and one of the US largest employers, wildly profitable, and that company exists and makes a lot of money for Americans only because they can manufacture the phones overseas. The whole point is to be at the top of the food chain, not the bottom.
@OhDannyboy7 Really ? You are sharp who exactly start this f*ck up situaction at all .This shit start with GOP Jesus Ronald Reagan and GOP only continue over the years..
@@jet4415 Well Jet, best you learn how it works! If a Canadian sells something into the US, Uncle Donald will impose the 25% tariff. The tariff is charged to the AMERICAN who imports it. The AMERICAN pays the tariff to Uncle Donald, not the Canadian. The cost of the product goes up 25% but that money is paid by you. None goes to any Canadian!
higher taxes = higher inflation = government subsides to quell inflation, The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.
Yeah, things may be hard right now, but I've come to realize both bear and bull market, recessions and economic boom, all provide opportunities to make high gains, I used to call bluff on folks that bragged about making a fortune from such down-markets until I happened to do so myself
Keeping money in the bank is like paying banks and the Government. Here's how it works: The bank gives out your money as loan, and charge interest obviously higher than inflation rate, and then give you, the depositor, interest lower than inflation rate. That means net loss for you. That is why I prefer to invest, and on average, my advisor makes returns that always beats inflation!
To be honest, I've been wary of banks for a while, but I wasn't sure how to speak with an advisor first. Please let me know who your adviser is if it's okay; I need some recommendations.
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.
If anyone thinks tariffs are great for the economy all you need to do is research the Smoot-Hawley Tariff Act of 1930. This will be America's future. Good luck.
These tariffs are intended to reduce or eliminate income taxes which will be a huge savings to us all. Also the free market will force prices to come down to levels that are acceptable to consumers.
@@ajf5823talking out of both sides of their mouths like always. Russia is evil so politicians logic is to dump away money to China, AN ALLY, ACTIVE TRADING PARTNER and FELLOW BRICS MEMBER with Russia. As for the rest, people are so over consuming that our nation is poisoning itself with rampant diabetes and people who are extremely unhealthy. Are China and Russia our friends? Or do we have to work on rethinking our approach to trade in the coming years and prioritize how we consume our food?
70% of fruit and vegetables that the USA consumes come from Mexico and another 10% from Canada, you can add a 25% to the cost of all those products that are basic, this will be a sh!t show.
It's quite simple why rates are climbing with rising imports and falling exports, the FED is obviously to be blamed for banking crisis. Something will eventually break if they keep the quantitative tightening and higher interest rates. Is this really a good time to have some savings in stocks?
first austerity, then brexit, now widespread bank failures. .always do your own research & speak to a license advisor before thinking about putting your money into these crazy markets
Exactly, most youtubers said the market would be fine few months back, but it's been a major downturn. I've avoided the drawback of trial and error by simply following professional guidance. I'm semi-retd and work only 7.5 hours weekly, with nearly $1m ROI after subsequent investments to date.
The decision on when to pick an Adviser is a very personal one. I take guidance from Melissa Terri Swayne to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
curiously copied and pasted her full name on my browser, no sweat spotting her site. Ive seen commentary about advisers but not one that looks this phenomenal, very much appreciate it
ALL countries will be tariffed. It's either paying 60% for parts made in China or 10% to 30% elsewhere. Import tariffs are regressive and affect only the poor.
Basically forcing Americans to buy American but the American ability to manufacture things at costs on par with China isn't possible these days so increase costs for consumers overall.
@@Shock_TreatmentExcept American made doesn’t automatically equate to good quality. Are your American made cars of good quality? Is your food of good quality? What about new American made homes? Are they good quality? Also what about goods that the US can’t feasibly produce such as coffee, chocolate, and other foods and products. No matter how much you tariff chocolate, you are not going to be seeing any cacao farmers in the U.S that is enough to satisfy demand. These products will no longer become commoner goods but luxury goods for the elites to enjoy. Congratulations the poor gets poorer and the rich gets richer.
@@Shock_TreatmentIf you have the money great pay. But guess what most don't have the money. This tariffs are damaging for most people. I can't wait till he puts tariffs on Tesla cars 😂😂😂. I mean as it is sales are dropping.
Initially yes. But prices will come down rapidly in the next decade. That's when U.S. automation goes into hyper-drive. Productivity generates wealth, and fully automated factories are the holy grail of productivity. That will allow us to produce the most affordable quality products. The U.S. will dominate the wealth building export markets at that point.
@@vytallicaq.6881 Decade? look people didnt vote for this we all thought he would bring inflation down and reduce the cost of everything now not 10 years from now WTH. I'm pissed I'm just getting by as it is.
Trump did tarrifs last term and guess what LOWEST inflation and HIGHEST average wages. Gas was #2 a gallon, eggs were .99 cents. WTF r u talking about. Probably a teacher
You're 1 of the few people I have came across that gives a fair view that doesn't push for either side you just educate with facts & point out possibilities good & bad.👍🏾
@@francismarion6400 Not gonna happen. 95% of alcohol is imported. Whisky, Rum, Vodka, Wine, Beer and Tequila. I'll keep drinking the good stuff. Trump has 4 European cars and Musk has 8 European cars. Melania runs around in expensive dresses from Dior and Louis Vuitton bags. They aren't buying American themselves. Trump isn't gonna sell his Ferrari and drive a Corvette. Or sell his Mercedes Mclaren to drive a shitty American car. They will pay the tariff and so will i for some Jack Daniels or good tequila.
But the Right loves their Walmart... don't go there...slippery ... slippery slope. You are being set up for gaslighting, out right denial, and aggression. I would just leave that alone if I were you. It wont matter much longer... everyone is about to get their faces ripped off should that 10 year yield keep going higher... which it will. Be safe, be kind.
2 หลายเดือนก่อน +6
it isn't free to ship something from the other side of the world. Buying American benefits American workers also; it's not just about the lowest price.
I agree with you but if the Tariff is 10% by the time it gets down the line to us it'll cost us 15-25% on the end cost.. even if the tariffs were to be removed, corporate greed will cause the new higher price to stick. this will not be good for anyone.
Exactly ... i hope people get exactly what they want even if they aren't smart enought to realize what that is. In fact, I am counting on it. Those that know... need to get ready. Something wicked this way comes.
Right because what businesses add to the cost of a good is a margin, not a fixed amount. If you import a good at 100 to sell it with a 20% markup you’re selling it for 120. If the cost goes up because of a 10% tariff that’s 110 plus your 20% so your new price is 132 and that is wholesale. There will be at least one or two middleman markups before it’s sold retail. It compounds.
@@bpb5541 Yeah, people seem to think Trump has magic powers. I'm sort of looking forward to his circus again. At least he hasn't gotten us into two proxy wars. Whole I voted D, I'm not keen on their desire to involve the US in foreign wars defending foreign countries.
you can use the tariffs to fund the government and eliminate the income tax and its a win. think outside the box but yes pain is coming and needed imo.
@@BrianK-zz4fk Its a bad solution for funding the government. It's how we did it in the 19th century, but 1) it doesn't raise enough revenue - we pave our roads now and 2) it kills trade which kills economic growth. Major factor in the making the Great Recession great.
Yes but the profit goes back to Japan and does not stay in America, and you will never see these corporations ever building libraries or hospitals or ever giving back to communities or any charity,
Why didn’t you do this video before the election to inform all your maga fans? It’s incredibly frustrating to all of a sudden , after the fact, we have to explain tariffs. The crowd watching your videos are mostly magas and voted for this.
@ yes, you’re right. This channel had YEARS to do videos about tariffs. didn’t do it even with the horrible results from the last trump tariffs. Now, all of a sudden, as if surprised, “oh let me casually explain what tariffs are and how you’re gonna pay 60% more of just about all you buy.”. Ugh
I was buying a new can opener every few months. The one thing they had in common was they were made in China. About 6 years ago I spent about twice as much for one made in USA. I’m still using it to this day. It’s not necessarily cheaper to buy cheap Chinese products.
I’ve seen the argument that Chinese manufactured products are made cheap at the request of the companies who skimp out on quality to maximize products. Not sure if it’s true although considering the greed, that argument doesn’t seem too far fetch.
It depends. The US company buying Chinese products chooses the brand to buy from. Some brands are more expensive but made better. So, if your appliance keeps dying, it could be the US company choosing to buy the cheapest of the cheap and selling it to you at a huge markup. This is why I stopped buying from Walmart a looong time ago when my hammer's claw almost hit me in the face after it fell off.
People always want it both ways. Want things made in the USA but don’t want to pay for the higher costs. They then blame greedy CEO’s and companies etc. We have higher labor costs and more regulations which cost more as well. It is what it is.
The problem is greed. American manufacturers and business owners aren't trying to make an honest living, they're trying to make a killing. I don't want to pay more for American made products so some con man can purchase multiple mansions and pay his employees minimum wage with few benefits.
Hey son, the amount of electronics that are produced with new versions every year and a half that come out of China is disgusting for every industry and for the environment. Even if Americans want the best computer equipment and technology, it doesn't need to adapt and move at the Chinese manufacturing rate and the companys' decisions on how often to put out new products.
Mike don't you realize many of these foreign automakers make the cars in the United States. What happens when these countries decide not to purchase our grain and our farmers start losing their farms because they can't sell grain ? Didn't Trump try this in 2016 and had to send farmers checks to cover their losses ?
yes exactly. our tax dollars paid for farmers losses which makes kind of a wash, one one person gains someother person loses, its just a shell game or 3 card monty
Exactly. And therefore places like Toyota wouldn’t be subject to tariffs unless it’s a model exclusively 100% made in Japan. Most Toyota cars and trucks are not made in Japan or a portion of them are and then shipped here to be finished up. Those are not subject to tariffs.
oh common Americans do not deserve cheap things anymore that's why they voted Trump into power plain and simple they want everything to be way more expensive think about it that's why they voted him into power that is the only reason because they have way to much money to know what to do with😀😀🤣🤣
Hey, you're a smart one. IF the factories close, THEN who will pay wages and taxes? Will all the elementary school educated factory employees become self-employed and save America? We NEED factories and we NEED owners to make a hefty profit in order to risk employing from 1 to 100,000 employees, otherwise the owners would NEVER risk having to deal with the MOUNTAIN of paperwork, competition and lawsuits. No investors? Better buy a fishing pole, because we'd be precisely like Cuba or Haiti...
@umaxen0048 The purpose of these tariffs won't be to prevent manufacturing from leaving the United States. Waaaay too late for that. That might have been effective in the '70s or '80s. If a job could be outsourced it has been by now.
@@terran2kk Trump IS more of the same. Hell, we even did his Tariffs during his first term and ended up having to bail out farmers. It cost more than the tariffs brought in. If you think these billionaire grifters are going to save you you're nothing but a fool.
One benefit of tariffs for the wealthy is the tax revenue generated by tariffs can be used to offset set the impact on the economy from giving tax cuts to the rich. Right now some companies have told their employees that because of the possible tariffs we have to not give you the promised pay increases and bonuses because we need to spend every penny to import stuff and fill our warehouses before the tariffs take effect.
Me right-pal Hong Kong John is the man . He knows about economics. Have you heard of the apistles theiriom. It explains the 5.2 ratio and he knows about diamantics too😊
In this case depends how much is the rise of tarrifs 10% and a reduction considerable in taxes them that may offset the raise but if is more then 10% to 50 or 100% which i think he would not do becuase is insame but if was the case then you cant offset that
Some people prefer the closeness of their neighborhoods. While others want their neighbors as far away as possible. This is the beauty of America. They have all options available for all people. You don't like it go find somewhere else to live.
@@sleepy670Yea…that’s everyone’s dream today. Living so close to a neighbor you can smell his morning shit 7 days a week. No thanks. Most people today don’t even know their neighbors unlike 50 + years ago when neighbors were almost family. How anyone in 2024 can live in a crowded subdivision with homes 6 feet apart is next level insanity.
The tax code seems overly complex, making it difficult to identify the most tax-efficient strategies for my income and investments. Are there resources available to help me understand relevant deductions and credits that could maximize my after-tax returns?
You're right, the code can be a beast. There are definitely resources available to help you understand deductions and credits. The IRS website has a wealth of information, but for a more personalized approach, consider consulting with a tax advisor who specializes in investments. They can help you identify strategies that maximize your after-tax returns.
Professionals could make a really big difference in investing, and I think everyone should have one. There are aspects of market trend that is difficult for the untrained eyes to see. I have made more than 350% through my estateplanner(fa) by alternative investing. The portfolio comes with perks as well.
One of my goals is to employ the service of an asset-manager this year. I've seen some off social media but wasn't able to get a response. Could you recommend one?
It's good you make your own research. and make sure whoever you work with is licensed n verifiable with a repute, this lady looks the part but i'd do my due diligence. I set up a call, thanks.
even american cars will go up because they get many of the parts from china or other countries because its the only place some parts are made, especially electronics wise so a domestic car will go up because of tariffs on some of the parts & materials used to build them
Yep..and ninety percent of generic drugs are made overseas. Why. Because it's much cheaper. The brand name drugs here are ridiculously expensive. For example ,a one month supply of my gabapentin costs almost five hundred dollars here,the generic version is thirty two dollars without insurance .
Yes and they will raise prices even more than what the tariffs cost them they always look for someone to blame for price increases. Then just pass it on to all off us.
TARRIFS ARE TAXES ON THE CONSUMER, NOT THE COUNTRY THAT MAKES THEM. SO A TARRIF IS PAID BY THE COMPANY AT THE PORT OF ENTRY AND THAT COMPANY RAISES THE PRICE TO THE CONSUMER SO THE PRICES ON EVERYTHING HERE WILL GO UP IN PRICE. YOU VOTED FOR HIGHER PRICES. TARRIFS FAILED IN HISTORY THERE NOT MENT TO BE USED ON EVERYTHING. TARRIFFS USED PROPERLY ARE NOT USED ON MANY THINGS. THERE USED FOR EXAMPLE IF CHINA SELLS A CAR FOR $10,000 AND A SIMILAR CAR MADE IN AMERICA IS SOLD FOR $20,000 SO A TARRIF OF 100% IS PUT ON THE CHINESE CAR SO ITS SOLD TO AMERICANS FOR SAME $20,000 THIS WAY BOTH COMPANIES CAN SELL AT SIMILAR PRICE AND IT KEEPS PEOPLE BUYING FROM THE AMERICAN COMPANY THIS IS HOW A TARRIF IS USED PROPERLY. TRUMP PUTTING 25% TARRIFS ON ALL ITEMS COMMING IN FROM MEXICO AND CANADA WILL INCREASE PRICES ON ALL THOSE GOODS BY ABOUT 25% SO GET READY FOR ALL ITEMS WE BUY TO GO UP IN PRICE. GET READY FOR SUPPLIES SHORTAGES ALL OVER THE COUNTRY. YOU NEED TO READ 📚 🤣 AND LEARN WHAT A TARRIF IS. TRUMP WILL CRASH OUR ECONOMY HES A CRIMINAL AND BANKRUPT ALL HIS BUSINESSES GET READY FOR HIM TO BANKRUPT THE USA. WORST PRESIDENT EVER SHOULD BE IN JAIL FOR INSURRECTION YOU VOTED FOR THIS IDIOT NOW THE BILLIONAIRES GET TAX BREAKS WHILE WE SUFER EVEN ELON MUSK SAID WE WILL HAVE HARDSHIP THANKS YOU IDIOTS WHO VOTED FOR THIS ORANGE HITLER IDIOT FELON RAPIST PEDOPHILE TRUMP UGGG NOW WE SUFER YOU WILL LEARN THE HARD WAY.
I’m using the same arguments that you presented to friends of mine who are trump supporters and in favor of tariffs. I can’t understand it, they have no counter argument other than trump told them tariffs are good. Even when prices increase they will defend him. It truly baffles me
Why would Americans be pressed to buy domestic products if the prices of American made products are still probably gonna be more expensive? At the end of the day, consumers are gonna be faced with a more expensive American product or an expensive foreign product. Additionally, the retaliation from other countries wasn’t discuss. We have a very real example with China backing out from buying US agricultural products due to tariffs. They switched to buying from Argentina and Brazil and it caused a loss of around 30 billion dollars to out farming industries.
Because that's not how it works. President Lyndon B Johnson imposed a 25% tariff on light trucks imported to the US. What ended up happening was that some companies, like Toyota, moved to the US to produce their goods there and bypass the tariff. This not only brought over the company to US soil, labor was supplied by US citizens, and Toyotas are still some of the cheapest cars you can buy today.
@ he literally stated in the video that many products in the US are still gonna be more expensive than the tariff increased prices of foreign products. Additionally, tariffs can cause job losses (known fact) because companies will have to fire workers to save that money to pay for the tariffs. And how is losing 30 billion dollars due to tariff retaliation in our agricultural industry even something that you ignore? We can increase the production lf only some products. Our country doesn’t have all the raw materials needed to make some products in the US. Therefore we import them.
@ and telling me “that not how it works” when I literally stated the consequences of the retaliation that ALREADY happened in our country a couple of years ago because of China’s tariffs is very disingenuous from your part.
@@yufeng1707you provided one positive example of tariffs. Thats great. But you can’t use that example as a means to avoid the reality that tariffs can also caused many negative outcome throughout our industries and our wallets. We have to be realistic and vigilant about the effects of these tariffs. Not just take one good example from the 1960s and disregard the negative impact they already caused in a modern global economic environment.
@@yufeng1707in the 1960s many countries werent as develop and the competitive market was therefore not as rigorous. Nowadays, many countries have entered the globalization market and therefore more competition is found. When we impose tariffs, companies can just relocate their manufacturing plants to another countries that aren’t affected by the tariff. Additionally, since more countries now produce similar products, the countries that we impose tariffs on will just retaliate by buying products from another country that sells them and therefore weaken our global relevance and damaging our local industries.
The continuously changing economic conditions in our society have made it necessary for thousands of people to find additional sources of income. Personally, I am looking at the stock market to fuel my retirement goal of $2m, my concern is the recent market crash.
buying the dip has proven to be profitable although for majority, the solution to their problem can be found only in specialized knowledge hence they seek guidance from well experienced advisors
Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA.
Stacy Lynn Staples 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.
I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.
If a country wants to rebuild manufacturing,then it should put tariffs on the finished goods ,not all imports, while lowering the taxs on semi-products or raw materials and improving designs on the finished goods.
It does not work that way in the third world, and Trump seems to have a third-world mentality, "Tax them all" and then blame others when your country becomes even poorer.
I'm a professional engineer, not an economist but I believe tariffs would hurt the country's economy and eventually the world as exporting nations will find other markets for their products, or they will retaliate.
who is going to buy their products like the USA? you think India gunna buy like we do? Philippines? If we stopped buying from China tomorrow, their economy would implode and they would never ever find any country to buy as much as we do. I guess you put in you're a professional engineer so we would assume you're smart I suppose
Civic would be better, even at $3k more. I have NOT had a good American car. Ford 6.0 junk, Chevy with the oval cylenders, bad transmission, poor quality Suburban... i have totally given up on American made autos. I have a 2006 4runner, made in Japan, with 210k miles on it and it still runs like a watch.
LOL, the tiniest bit of research would have told you the 6.0 is the worst engine Ford ever made, I have a 6.8. As far as Suburbans go, I have a 2008. Zero problems.
You fail to mention the tariff on everything made in china will be 60% So a TV at $300 will now cost $480 Plus many replacement car parts are made in China so your looking at paying %60 more to fix your car even wind shield wipers are made in china. I think with the other %10 on every other import we are going to head into even higher inflation leading to a recession. People are strapped for money as it ir I thought we voted for getting the prices down on everything not making everything cost more. Trump said China pays the tax. He led many to believe he would help them economically now we find out he was Lying to us. He also said project 2025 was nothing to worry about because he knew nothing about it Now we find out that was a lie too. The people who voted for Trump just got screwed many of them poor and middle class just scraping by pay check to pay check.
These frequent tax code changes are disrupting my long-term investment strategies. Are there ways to structure my investments to be more resilient to potential tax code modifications?
I honestly think America needs a completely restructure of their political system. It is just not working. Trump and Biden being elected out of 300 million people to run the country is evidence for that too.
This is why the US should elect more progressive politicians, who know how to manage budgets and give us (yes, pur country's initials literally spell out that pronoun) much better tax credits in return for better public education and better public healthcare. but since these are nonexistent, my husband and I are being guided to finance our retirement and healthcare through a diversified investment portfolioportfolio
My CFA ‘’Vivian Jean Wilhelm’ 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.
Targeted tariffs on specific goods can be a good way to promote and protect local businesses. However what many people don't realize is that a tariff on ALL GOODS (as promised in Trump's campaign) won't just be a tariff on foreign cars, phones or Temu goods that are imported to the U.S. Let’s say you make cars in the US such as Toyota. You'll still need to import raw materials such as lithium and semi-finished products to the US so that they can be used in the final assembly. Those raw materials and semi-finished products are also going to be subjected to tariffs. So even U.S based manufacturers are still going to get hit hard and will pass that cost to the consumer. Another major issues that a lot of people aren’t seeing is that we’re going to be tariffing things that the United States can’t feasibly produce such as such as coffee, chocolate, and other foods and products. Again, we should target our tariffs, not just tariff all imports. No matter how much you tariff chocolate, you are not going to be seeing any cacao farmers in the U.S that is enough to satisfy demand.
This is what happens in Brazil: a 92% tariff that covers everything that comes from abroad, no matter how large, expensive, or country of origin. We have the most expensive phones in the world, twice as expensive as in the US, and cars are also incredibly expensive. 100 grand here buys a car that would be forbidden to drive in the US.
You will get a energy tax right back from canada. Gas, electricity, you tax everything thing in canada will hit trump right back.because most companiez are american in canada.gas will go up alot in usa and canada
@@bypinkerton892..oh sure.why would I want to pay almost 2 thousand dollars a month for my prescriptions? Which now cost less than than a hundred a month?And they are a necessity for my muscular dystrophy.
@@terryjohnson1376 coincidentally, the USA moved away from a manufacturing economy in the 1970s and started moving manfucring abroad....couldnt be related though. right?
And I mean look at food how many different ingredients for stuff we buy costs, how many Whole Foods we import, etc. plus the deportations causing food shortages, etc.
Trump has talked about a 60% tariff on China. That's a lot more than 10%. It will.crush a lot of small businesses as well who rely on goods from China.
@@jkholley1118 my barber runs a small yard flag business. It's seasonal as well. I don't think he's making huge profits but he makes a little to supplement his income. More like a side hustle. It will put him out of that business. I think you're very foolish to begrudge someone because you think they make huge profits.
I always thought that the idea of a tariff was to make imports more expensive to encourage buying local products. Since the US has spent the last generation or more outsourcing production what is there to protect ?
Exactly it's all fear mongering. Prices are still rising everyday with or without tariffs. And yet concerts are still packed, sports stadiums are still packed. Restaurants are packed. Fast food drive thrus are always full. People need to get out more.
Tariffs... what a joke! 1. Your labor cost will be twice or tripple, 2. does the US still have the skills and which American will do a low cost job? 3. How much will it cost to re-establish the factories and the production lines in the US? 4. How will the US export more expensive and less quality items as compared those made in Asia? And the list goes on and on...
@@DeeKay68ok sure... Bothsidism is gonna destroy America. If so, why didnt bidens government impose the high tariffs that trump has announced, those previous 4 years that they governed and why didnt they make it one of the main stated goals of their campaign... Oh thats right, because Trump and his minions are the definition of idiots. Welcome to idiocracy, Trump has sped up the process by about 1000 years😂
Thinking the US companies would take the hit is the craziest take ever. They’ll increase the prices somewhere else besides products they can’t sell at a higher price if it comes to that.
Yeah. The most 'American Made' vehicle right now is the Toyota Tundra and the American vehicles are made in Canada and Mexico, so literally none of the tariffs will do what people imagine when it comes to vehicles.
@@ScubaSteve-x8o OMG, that's even worse, because more are made in Mexico than Canada lmao US makers will be bent over and sold to Honda and Toyota if Trump actually goes with that.
HEY, EVERYONE DONT OVER SPEND ON XMAS AND TRY NOT EAT OUT MUCH SAVE YOUR MONEY WHEN THE TARIFFS HIT PRICES WILL SKYROCKET SAVE YOUR MONEY AS MUCH AS YOU CAN. YOU HAVE BEEN WARNED ⚠️
It's actually more than 10%. That 10% is part of the retailer's cost so he's going to roll that into his cost of goods and Mark it up accordingly. So the 10% is going to be marked up in his cost so that will raise it another 3 to 4%
There was a documentary I was watching about how Walmart uses illegal migrants & migrant children here in the USA for cheaper labor .. the documentary would follow these vans that would pick up the migrants to take them to the Walmart warehouse. Very eye opening. These corporations, not just Walmart, also use prison labor as well.
Brazil has had a 92% tariff on all imports since the 1980s. The result: the world's most expensive iPhone, one of the world's most expensive cars (which would never be allowed on US roads because they are a safety hazard), and a dollar-equivalent minimum wage of US$150,00. I AM SEEING TRUMP TURNING THE US INTO BRAZIL VERY QUICKLY.
A lot of US manufactures also use parts and raw materials from overseas with many from China. So while tariffs will make finished goods from overseas to cost more in the US, a lot of American products, prices will very likely also increase since it’ll cost more for them to produce it
You are absolutely correct, as long as corporations are making huge profits and huge margins they continue to manipulate the systems and manage the supply only !!
I was stationed in South Korea a couple of decades ago. What impressed me the most was that virtually everything I saw was made in South Korea. They went from being a 3rd world country into a power in 1 generation. Buy American, Make in America. Brother, it would be nice to know where you are on your daily walks. All the best.
I doubt we can go back to a major manufacturing society. Our labor is way to expensive to compete. And it has to be given the cost of living. We would have to automate way more than we already have. I'm impressed with Korea too. I remember talking to people who were stationed there 25 year prior to me being there (late 90's). And what I describe versus what they describe are two different worlds. But they were already complaining that China was cheaper, and Chinese goods were outcompeting them.
I like the idea of tariffs, but under the current circumstances I see many problems occurring. In the current economic environment, you would probably have to push a 75-150% tariff against imported goods before their manufacturers would even think about coming back to the US. Now if consumers stop buying those imports (after the added cost); then the manufacturer loses profits. However, at the same time consumers will be further constricted to domestic items (which means significantly higher costs). As long as the exporter can absorb the loss in sales; nothing will change and inflation will go up again. We're stuck between a rock and a hard place. We cannot continue importing cheap products and foreign labor. However, we will also burden consumers with higher costs regardless. Even IF the manufacturer moves back to the US. They have to pay American wages while they circumvent those tariffs. So your costs will go up well beyond 10%. Now, with the FED cutting interest rates as well. I can guarantee we're looking at another round of inflation come 2026/2027.
or,.. pull away from the US,.. produce and sell your goods globally,.. and the consumers in the US will have to pay tariffs on all the stuff they need.
@@Plutogalaxy Tariffs are good if your standard of living is competitive with your exporter. US prices MUST come down if this were to work in a traditional sense. At the end of the day, they might as well do a sales tax; because that's all it will amount to.
bubba,.. for the rich,.. yes,.. just like trump did in 2016,.. massive tax cuts for the ultra rich,.. which led to an 8 trillion dollar deficit increase,..
There was a day, 50 to 75 yrs ago when tariffs had an impact, regardless of who initiated it ( btw, 1 to 5% ) but it's a fully integrated world, 100% Global economy. Just tell people the truth, Trade wars a disaster for everyone.
I would say just text the people on the tariffs that voted for Trump
2 หลายเดือนก่อน +5
Tariffs push the businesses out of China specifically and into America. How has shipping most of our industrial base out of the country benefited USA workers?
Hey Michael, I notice everyone says a 10 percent tariff increases prices by 10 percent. In actuality, price markups are usually a percentage over wholesale price. The cost of inventory is financed too. I think a 10 percent increase in cost would cause a 12 to 18 percent increase in consumer price as a rule.
@islesofshoals3551 Maybe we should take healthcare and maternity leave off the business plate, and that would help make small family businesses more competitive. Universal Healthcare would do it. I don't get healthcare or maternity leave at my job, and I live in Florida, so unemployment is nearly impossible to get unless you work for Disney.
‘Investment properties’ are the reason why tens of millions of houses are vacant. Private equity is a big part of this, but individuals sitting on second, third, and so on homes is the largest part. The housing crisis is made by the ‘petty bourgeois’. There’s plenty of homes for the homeless, but no money in those homes being reduced in price so that they are affordable.
So true. I'm currently homeless. I've lived in this community for 34 years. I'm surrounded by vacant luxury homes. It's amazing how much money is all around me. It just blows my mind. How many properties do you really need? Why not invest in the community instead and create opportunity for others? That's my plan when God blesses me with Big Bucks. He will. "With God, ALL things are possible." Matthew 19:26 Not some. ALL ~ 🦋
We’re at full employment now. Where are the extra workers going to come from if the borders are closed to new immigrants? Manufacturers are producing their goods overseas for a reason. Do tariffs address the fundamental cause of offshoring? (Hint: No.)
You have to look at the whole plan.. The the plan is to massively cut government spending and regulations And at the same time increase tarriffs Which will essentially balance the budget and allow them to do a massive tax cut across the board.. Their goal is to eliminate income tax. . If those 3 things are accomplished, it will supercharged our economy more Than anybody can imagine.. Imagine a country that doesn't send all their money overseas . This country can't go on the way It's going with the massive Budget deficits every year And the national debt that's gonna absolutely collapse our country.
Okay, so the retailer importing the product pays the 10% of tariff cost. Is this 10% collected by the government? If so, it seems like a new tax. Hope the gov spends it wisely. Yeah, right.
This Is What "ALWAYS" Happens Before A Financial Bubble Bursts th-cam.com/video/lnHfy0xavTA/w-d-xo.html
China only exports about 16% of its goods and services to America. It is not like it will hurt China badly.
Nice Ferrari at 4:54
Manufaturers will leave China after heavier tarifs ,but not necessarily go to America.Makers just found other places to manufacture.😂
If and when I buy my new (or used) vehicle in the next few years, it's definitely not going to be a gas guzzler. The costs to repair an EV are much cheaper because they have fewer parts. And batteries are getting cheaper by the year, so replacing a battery on the EV won't be as painful if needed.
@賴文茹-y1w Not necessarily! ASEAN has replaced the U.S. as a top trading partner. 10 years ago, the total amount trade was $300 billion dollars. Last year, it was nearly $1 trillion dollars...not to mention China is a #1 trading partner to 125 countries.
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.
To be honest, I've been wary , but I wasn't sure how to speak with an advisor first. Please let me know who your adviser is if it's okay; I need some recommendations.
My CFA Annette Christine Conte 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
Nobody talks about retaliatory tariffs and the impact it would have on US exports.
Bingo!! namely US farm exports!! all those farmers that voted for trump... again...will FAFO!!
lol!!! China made a deal to buy all their crops from Brazil farmers are fucked!
@@jimmylieb5225yes. He destroyed the soybean and grain export market for most of those states. Then signed an executive order for $28 billion in farm subsidies thinking his long game would work. Those markets are still gone. Brazil took over a large share.
tRump has been telling them to just hang tight, it will work. lol
Ive said the same thing. It's going to get ugly.
Yep, the US is also a huge exporter contrary to what many believe, millions of jobs heavily rely on export markets.
Still bewildered so many Americans thought Trump tariff plan was a good idea.
Is being friendly to China a good idea while they support our enemies? I find it so amusing when so many people talk about how important it is to stop Global Warming or how bad it is to trade with our enemies but then whine and cry at the solution.
Exactly
Let’s not forget what happened during Trump’s first term with all the retaliatory tariffs, especially how they hit farmers. After Trump’s tariffs, China fired back with their own, tanking demand and prices for U.S. agricultural exports. A lot of farmers struggled and some went bankrupt. The Trump administration used $37 billion in taxpayer money to bailout the farmers, all thanks to the tariffs he imposed on China. So on top of it costing more on imports to the US consumer, tax payers also had to front the bill to bail out the businesses who export to other countries to prevent our agriculture companies from all going out of business.
It is good, yes we think that, anything to lower my tax and pay off our debt is good
@@Lightningbug122😂 your shyttjng yourself .. they aren’t lowering taxes for you
Congratulations America, you've been played.
As if we haven't been played. 🙄
No not played. Trump was always clear he was going to do this. For some reason his poorly educated loved it
Again
OMG that’s my line!
Any idea how much her plans would have cost? Unrealized Capitol gains, a continuously open border, nonstop Christmas for Ukraine, a stupid energy plan, expiration of trump tax cuts. The last 4 years are already evidence, things would get even worse. Ill take my chances with tarrifs
We already played this game last time Trump was president. His tariffs decimated many farmers, and then he had to pay the farmers for their losses. Easy Google search.
Tariffs are never recommended because the foreign country you’re putting a tariff on will come back and put tariffs on your goods as well. So it becomes a battle of the tariffs.
Truth.
Not only that we pay the tax. Nobody wants to pay $4000.00 for their iPhone.
We'll win the battle of the tariffs. TALLY HO!
Except that didn't happen china knows putting tarrifs on goods it's only going to cost the consumer. China just didn't buy the soy from the farmers plain and simple they went somewhere else which is what is going to happen.
@@richarddaddio360you could buy the much cheaper Motorola
I guess nobody on here understands how bad tariffs are. Almost all raw goods are sourced from overseas, so manufacturers have to pay tariffs on all parts and materials. In fact, the cost of those material's tariffs is larger than the tariff on the finished goods. This means that US made goods will GO UP MORE THAN IMPORTED GOODS. Killing manufacturing in the US is not a good result, but that is what will happen. As a manufacturer in the US, my company is closing December 20th, as we cannot do business without knowing future costs of raw materials. It has been a good 24 years, but we cannot do business in a country that is run by an idiot.
Bingo!!!
@@jstep4146 what did you manufacture?
Absolute clown 🤡 😂. Just say you're closing down to pocket the money and run 😂.
A lot of US goods were made from US raw materials and shipped to China for lower cost of labor, btw. On top of that we lost 5 millions jobs that could have been created if we did not shipped jobs and manufacturing to China thanks to Clinton
@@Vakator-29
So he should keep his business open while it loses money due to bad trade policy decisions?
At the Walmart near me, nothing is made in the USA, not even the employees!
There are things at Walmart made in USA, but most are from China
same here, its the wal mart way
😂
😂
Illegals? Mine is about 50/50
Tariffs work when there's an alternate product produced in the US. But there are no alternative products made in the US so consumers are forced to pay more go household products.
Sounds like our own companies sold us out to the Chinese
What do you mean? Let’s use Walmart as an example for their general merchandise. Walmart made a promise to start selling American made goods a good example I can think of is Drew Berrymore’s Beautiful line. All the appliances in that line are manufactured by Gather a company out of New York. I’ll give you another example, the Pioneer Woman line of appliances and products some are manufactured in Mississippi other in China it’s hit or miss. The Dogg Supply line by Snoop Dog in Walmart is manufactured by Five Star Blue LLC and they’re based out of New York as well. Compared to name brands like Keurig which gets their brewing system from China.
@irvin295 that's not much of a selection. And doesn't cover tools and hard ware. Alot of companies claim they're American made but really come from China. I don't think anything in electronics are made in the USA. And trump is the biggest hypocrite of all of his stuff comes from china. But don't worry his stuff will be tariff free.
The USDA reports that about 90% of
all avocados eaten in the U.S. come
from Mexico, totaling an estimated
$2.7 billion in imports for 2024.
In 2023, total U.S. imports of fresh
tomatoes were valued at $3.2 billion.
Of that total, 86.1% came from
Mexico, according to the USDA.
Donald 25% TAX increase on these products is going to dramatically raise food prices.
The raw material goods to make American products are sourced from oversee. The appliances may have been created here on Drew Barrymore's line but the materials used to create her line come from overseas. What's your paying for and what you're getting in the United States that's American made is the labor is American made but the resources used to create those products are typically foreign @@irvin295
Who would think that the guy who bankrupted a casino would be bad at business
Hahahahaha
You do realize how many very successful businesses trump has right?? Name one business person who’s had several businesses and not had one fail. That’s part of having multiple businesses.
@@Joe-wk9lbI wouldn't call any of his business "very successful." The most id say is moderately successful
Who would think that a person who raised a billion dollars and went 20 million in debt should be in charge of the economy or anything
It was three casino's if I remember correctly. And they were all on the same boardwalk in Atlantic City competing against each other. Genius.
I was at Walmart the other day and I’ve never seen it so dead. I do believe Trump’s tariff will hurt the economy. People will shop less and businesses will go out of business one by one.
My first clue and the only clue I needed was him teaming up with Elon Musk and here I thought I was being cynical calling it mechano birdy
Really... I went out the other day and there was no room for parking, people at restaurants, stores, everywhere.
@Ashgutierr I live in Philly and it's crazy here, people everywhere, all stores, restaurants, bars are busy all the time.I only go grocery shopping on Sunday morning at 8 am😂
That’s exactly what is going to happen nobody going to pay more than what they already paying if nothing is not selling no employees no employees no business no company
People will also boycott them due to caving to extremist pressure to cut programs aimed at marginalized groups. Couldn't happen to a crappier company.
The American made cars will go up as well since much of the domestic cars is built from imported parts, then assembled here. Those parts will be tarriffed raising the price of "domestic" cars
@@bencharlie9509why wouldn't it go up? You think the manufacturer is just gonna eat increased input costs?
Bencharlie, you’re clueless, the parts will increase in price therefore the finished product will go up in price, the only good thing is cars are a once every 10 year purchase but the increase in every day items is where the real pain will be. Get ready for 10-15% inflation, for reference it’s around 2% right now
The United States imports iron ore for a number of reasons, including:
Domestic reserves: The United States has been running low on high-grade iron ore reserves.
Transportation costs: Iron ore mines in other countries, like Brazil and Australia, can deliver iron ore to the United States at lower prices than domestic mines.
@@camresearch5120: another factor tied to importing, is the increased cost of production. US coal and steel production became uneconomic and that is why steelworks and mines where mothballed in favour of imports.
@@eattherich9215 The US is a coal exporter. We can expect retaliatory tariffs on our exports.
Many companies left decades ago for cheaper labor and higher profit... should have put tariffs in place then.. not now... but politicians got greased to let it happen...
So true
You think republicans just born this year? Tariff has been tried during every republican presidency. And it always make product more expensive, because why would china or any other country or business man take a loss to do business. They are not charity.
They left because Reagan pushed the unionized employer's out. This is how all the poverty started. The breaking of our strong union workforce. Now nobody can afford to retire. Look how much less your grandparents retired on before the greatest theft of wealth in human history. Nothing ever trickled down, It still goes up.
Pat Buchanan warned everyone, while he campaigned against globalists Bush in 92 and globalist Dole in 96 for the Republican nomination, that that globalist corporations and politicians have no loyalty to any country, but only to their greedy self interests.
so for example, Apple, the most valuable company in the world and one of the US largest employers, wildly profitable, and that company exists and makes a lot of money for Americans only because they can manufacture the phones overseas.
The whole point is to be at the top of the food chain, not the bottom.
Trump has to be working for Russia. He is doing what they couldn't. Bring the US down from the inside.
Um, Trump hasn't been in office for 4 years. Wtf? lol
Trump already said, the enemy is within. Not Russia and not China. You are your own worst enemy. You should listen to your President elect sometimes.
@OhDannyboy7 Really ? You are sharp who exactly start this f*ck up situaction at all .This shit start with GOP Jesus Ronald Reagan and GOP only continue over the years..
@@OhDannyboy7. But congress still listens to him like he is a king.
Fdjt. Fmaga donny boy
Canadian here. Just learned today that Trump plans on implementing a 25% tariff on Canadian products.
You Canadian people better pay the tariffs gladly and not increase the products’ price. Be nice to your crazy neighbors.
USA wants their lumber for houses to go up 25 percent because building homes is too cheap here and we need a bigger challenge. 😂
Trump hates Trudeau.
Nope. Trump tried this with Canada in his last term and got a shock.
@@jet4415 Well Jet, best you learn how it works! If a Canadian sells something into the US, Uncle Donald will impose the 25% tariff. The tariff is charged to the AMERICAN who imports it. The AMERICAN pays the tariff to Uncle Donald, not the Canadian. The cost of the product goes up 25% but that money is paid by you. None goes to any Canadian!
higher taxes = higher inflation = government subsides to quell inflation, The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.
Yeah, things may be hard right now, but I've come to realize both bear and bull market, recessions and economic boom, all provide opportunities to make high gains, I used to call bluff on folks that bragged about making a fortune from such down-markets until I happened to do so myself
Keeping money in the bank is like paying banks and the Government. Here's how it works: The bank gives out your money as loan, and charge interest obviously higher than inflation rate, and then give you, the depositor, interest lower than inflation rate. That means net loss for you. That is why I prefer to invest, and on average, my advisor makes returns that always beats inflation!
To be honest, I've been wary of banks for a while, but I wasn't sure how to speak with an advisor first. Please let me know who your adviser is if it's okay; I need some recommendations.
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.
Thanks a lot for this recommendation. I just looked her up on google, and I have sent her an email. I hope she gets back to me soon.
If anyone thinks tariffs are great for the economy all you need to do is research the Smoot-Hawley Tariff Act of 1930. This will be America's future. Good luck.
That was then this is now
@@Lightningbug122Tariffs are usually not a good economic policy. We should invest in new industries. The future is now
wrong. It's Free trade that has brought us to this point. The whole world protected their own people before this free trade bollocks
@@Lightningbug122 What is different about now ?
@@itsjayswelly Exactly what Biden was doing.
So, you really believe that American manufacturers will keep their prices the same even if imported competitor products go up by 10%?
Great point that most ignore.
@@ScubaSteve-x8oWrong, they will use it as an excuse to increase prices and make more money. Capitalism.
Nope. They’ll raise their prices to be 0.01 cent below the tariffed price
Most don’t ignore these facts, just the ones with the red hats
These tariffs are intended to reduce or eliminate income taxes which will be a huge savings to us all. Also the free market will force prices to come down to levels that are acceptable to consumers.
I can’t believe people were complaining about everything been so expensive and they voted for that guy who will make everything more expensive 🤦🏻
And they were warned. The tariffs were the first thing Harris mentioned during the debate.
More expensive is better for the planet in the future.
@@AdrianFahrenheitTepes🤡
@@ajf5823talking out of both sides of their mouths like always. Russia is evil so politicians logic is to dump away money to China, AN ALLY, ACTIVE TRADING PARTNER and FELLOW BRICS MEMBER with Russia. As for the rest, people are so over consuming that our nation is poisoning itself with rampant diabetes and people who are extremely unhealthy. Are China and Russia our friends? Or do we have to work on rethinking our approach to trade in the coming years and prioritize how we consume our food?
You are so right
Why cant people understand this?😂
70% of fruit and vegetables that the USA consumes come from Mexico and another 10% from Canada, you can add a 25% to the cost of all those products that are basic, this will be a sh!t show.
you know OP knows his stuff, b/c he's a nobody on the internet.
It's quite simple why rates are climbing with rising imports and falling exports, the FED is obviously to be blamed for banking crisis. Something will eventually break if they keep the quantitative tightening and higher interest rates. Is this really a good time to have some savings in stocks?
first austerity, then brexit, now widespread bank failures. .always do your own research & speak to a license advisor before thinking about putting your money into these crazy markets
Exactly, most youtubers said the market would be fine few months back, but it's been a major downturn. I've avoided the drawback of trial and error by simply following professional guidance. I'm semi-retd and work only 7.5 hours weekly, with nearly $1m ROI after subsequent investments to date.
this is incredible! how can I vet your advisor, mind sharing info, if you please?
The decision on when to pick an Adviser is a very personal one. I take guidance from Melissa Terri Swayne to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
curiously copied and pasted her full name on my browser, no sweat spotting her site. Ive seen commentary about advisers but not one that looks this phenomenal, very much appreciate it
Who pays the tariff.. You do.
Wrong. Production will be moved into countries that aren't tariffed or into the USA.
Dream on. Easy to say but not easy to do.
stupid people do that dont need that junk. Need vs wants is a thing.
ALL countries will be tariffed. It's either paying 60% for parts made in China or 10% to 30% elsewhere. Import tariffs are regressive and affect only the poor.
Lay off the cool aid.
Basically forcing Americans to buy American but the American ability to manufacture things at costs on par with China isn't possible these days so increase costs for consumers overall.
I'd rather pay more for something quality made that will last than a cheap Chinese piece of crap that will break in a week.
Change is not easy and takes time, it doesn't mean it's not necessary
@@Shock_TreatmentExcept American made doesn’t automatically equate to good quality. Are your American made cars of good quality? Is your food of good quality? What about new American made homes? Are they good quality?
Also what about goods that the US can’t feasibly produce such as coffee, chocolate, and other foods and products. No matter how much you tariff chocolate, you are not going to be seeing any cacao farmers in the U.S that is enough to satisfy demand. These products will no longer become commoner goods but luxury goods for the elites to enjoy. Congratulations the poor gets poorer and the rich gets richer.
@@Shock_TreatmentIf you have the money great pay. But guess what most don't have the money. This tariffs are damaging for most people. I can't wait till he puts tariffs on Tesla cars 😂😂😂. I mean as it is sales are dropping.
Rally like a Toyota that lasts you 400,000 miles vs Chevy that lasts 100,000 miles @@Shock_Treatment
Everything will be a lot more expensive. Period.
Oh come now, American workers will be happy to work for $1 an hour to Make America Great Again.
Initially yes. But prices will come down rapidly in the next decade. That's when U.S. automation goes into hyper-drive. Productivity generates wealth, and fully automated factories are the holy grail of productivity. That will allow us to produce the most affordable quality products. The U.S. will dominate the wealth building export markets at that point.
Not necessarily. Everything has a price point that the market will bear.
@@vytallicaq.6881 maybe in fantasy land look at realty China simply cost less to make stuff.
@@vytallicaq.6881 Decade? look people didnt vote for this we all thought he would bring inflation down and reduce the cost of everything now not 10 years from now WTH. I'm pissed I'm just getting by as it is.
Well? Most Americans already knew Trump would hurt our country. It will come true pretty soon! Dang. ☹
How then would you confront the governments corruption and debt that sucks from everyone?
Trump did tarrifs last term and guess what LOWEST inflation and HIGHEST average wages.
Gas was #2 a gallon, eggs were .99 cents. WTF r u talking about. Probably a teacher
And your answer was Harris 😂😂🤦🏻🤦🏻
Harris spent 1.4 billions of her campaign funds in 3 months and still lost plus 20 million in deficits. Just the fact
It's karma
You're 1 of the few people I have came across that gives a fair view that doesn't push for either side you just educate with facts & point out possibilities good & bad.👍🏾
Excuse me while I kiss a fly 🪰 😊
Tariffs are taxes passed onto consumers. That can lead to increased inflation.
Inflation and increased costs are two different things.
I dont think you know what inflation is...
Tariffs are a TAX on every US citizen! Business pass this tax on to the consumer.
Buy American!
@@francismarion6400 Not gonna happen. 95% of alcohol is imported. Whisky, Rum, Vodka, Wine, Beer and Tequila. I'll keep drinking the good stuff.
Trump has 4 European cars and Musk has 8 European cars. Melania runs around in expensive dresses from Dior and Louis Vuitton bags. They aren't buying American themselves. Trump isn't gonna sell his Ferrari and drive a Corvette. Or sell his Mercedes Mclaren to drive a shitty American car. They will pay the tariff and so will i for some Jack Daniels or good tequila.
@@francismarion6400you think the same people whining about expensive eggs will be paying $150 for Levi jeans or paying 6 times for electronics? 😂
@@amylee9 🤣 exactly right
Hahahaaaa!!! All the poor people think their costs are going down. Have you perused the shelves of Walmart???? Find one product made in USA.
But the Right loves their Walmart... don't go there...slippery ... slippery slope. You are being set up for gaslighting, out right denial, and aggression. I would just leave that alone if I were you. It wont matter much longer... everyone is about to get their faces ripped off should that 10 year yield keep going higher... which it will. Be safe, be kind.
it isn't free to ship something from the other side of the world. Buying American benefits American workers also; it's not just about the lowest price.
Fish Gum in the bait section
All the poor people think their costs are going down.......................................they do?
Coca-Cola and Pepsi
I'm old enough to remember Walmart advertising we only sell made in America
They quickly figured out that they could make a lot more money by purchasing from China instead of the US.
You should research how Walmart actually buys goods and forced cheaper priced manufacturing to China since 1996. Rubbermaid anyone!
before walton died. he wasnt even in the ground they went to asia. good kids lol
The greed and profits of Sam Walton's decedents is truly disgusting.
Yes, back in the day, all Walmart goods were made in the USA.
US You Reap What You Sow.
I have an idea: Help US citizens dismantle our economy instead of acting like a glib as****e.
I agree with you but if the Tariff is 10% by the time it gets down the line to us it'll cost us 15-25% on the end cost.. even if the tariffs were to be removed, corporate greed will cause the new higher price to stick. this will not be good for anyone.
Exactly ... i hope people get exactly what they want even if they aren't smart enought to realize what that is. In fact, I am counting on it. Those that know... need to get ready. Something wicked this way comes.
Right because what businesses add to the cost of a good is a margin, not a fixed amount. If you import a good at 100 to sell it with a 20% markup you’re selling it for 120. If the cost goes up because of a 10% tariff that’s 110 plus your 20% so your new price is 132 and that is wholesale. There will be at least one or two middleman markups before it’s sold retail. It compounds.
@@bpb5541 Yeah, people seem to think Trump has magic powers. I'm sort of looking forward to his circus again. At least he hasn't gotten us into two proxy wars. Whole I voted D, I'm not keen on their desire to involve the US in foreign wars defending foreign countries.
you can use the tariffs to fund the government and eliminate the income tax and its a win. think outside the box but yes pain is coming and needed imo.
@@BrianK-zz4fk Its a bad solution for funding the government. It's how we did it in the 19th century, but 1) it doesn't raise enough revenue - we pave our roads now and 2) it kills trade which kills economic growth. Major factor in the making the Great Recession great.
Many Hondas have been made in Ohio for decades
Assembled*
Toyota is similar in and that they also assemble cars within the United States.
@@deadfairfield better assembled in the USA than assembled in China.
Yes but the profit goes back to Japan and does not stay in America, and you will never see these corporations ever building libraries or hospitals or ever giving back to communities or any charity,
@@Lightningbug122why don’t you try asking Trump to build you a library.
Bananas, coffee, most fruits are imported.
Most can't be grown in the US
Make them in a lab, like most of the other food we eat
@@jamesharper8373 what food do we eat that is grown in a lab? Please educate me
People are wanting a doubling in their grocery bill... but didn't even know it. I am count on this exact fact.
Due to overbuilding destruction of AG land due to greedy builders and overpopulation of this country.
@@ponygirl1624 not all all, the WEATHER is not suitable for those crops.
I can tell you voted orange, why the poorly educated are so loved.
Why didn’t you do this video before the election to inform all your maga fans? It’s incredibly frustrating to all of a sudden , after the fact, we have to explain tariffs. The crowd watching your videos are mostly magas and voted for this.
I think he just learned about tariffs himself 😂
@ yes, you’re right. This channel had YEARS to do videos about tariffs. didn’t do it even with the horrible results from the last trump tariffs. Now, all of a sudden, as if surprised, “oh let me casually explain what tariffs are and how you’re gonna pay 60% more of just about all you buy.”. Ugh
Exactly! Gotta keep those views coming in from subscribers.
Right point 👈 👏👏👏👏👏
Why did ya'll get so scammed by this guy?
I was buying a new can opener every few months. The one thing they had in common was they were made in China. About 6 years ago I spent about twice as much for one made in USA. I’m still using it to this day. It’s not necessarily cheaper to buy cheap Chinese products.
I've been using the same can opener from dollar tree for 2yrs. You must open lots of cans 😂
@ maybe so, but the USA one has stood the test of time.
@@AlbertD711 What brand of can opener did you buy ?
I’ve seen the argument that Chinese manufactured products are made cheap at the request of the companies who skimp out on quality to maximize products. Not sure if it’s true although considering the greed, that argument doesn’t seem too far fetch.
It depends. The US company buying Chinese products chooses the brand to buy from. Some brands are more expensive but made better. So, if your appliance keeps dying, it could be the US company choosing to buy the cheapest of the cheap and selling it to you at a huge markup.
This is why I stopped buying from Walmart a looong time ago when my hammer's claw almost hit me in the face after it fell off.
People always want it both ways. Want things made in the USA but don’t want to pay for the higher costs. They then blame greedy CEO’s and companies etc. We have higher labor costs and more regulations which cost more as well. It is what it is.
Also we have better environmental regulations involving waste disposal too.
Most of this is due to the elections. Anything to hate about he other guy for the fact that their candidate didn’t get the votes.
Yup, we have to decide if we want to pay more for products or settle for the majority of it made in China, Indonesia, Bangladesh, Honduras . . .
@@AdrianFahrenheitTepes Yes, which is why we should try to go back to more manufacturing in the US.
The problem is greed. American manufacturers and business owners aren't trying to make an honest living, they're trying to make a killing. I don't want to pay more for American made products so some con man can purchase multiple mansions and pay his employees minimum wage with few benefits.
We don’t need most of the products we buy anyway.
Hey son, the amount of electronics that are produced with new versions every year and a half that come out of China is disgusting for every industry and for the environment. Even if Americans want the best computer equipment and technology, it doesn't need to adapt and move at the Chinese manufacturing rate and the companys' decisions on how often to put out new products.
says the communist.....
Why do u buy so much u don't need? u could give the $ to charity
How about brake pads, rotors, wiper blades, tires? Most of our car parts come from over-seas.
Exactly 👍 tariffs are actually the only constitutional way to finance the government.
Mike don't you realize many of these foreign automakers make the cars in the United States. What happens when these countries decide not to purchase our grain and our farmers start losing their farms because they can't sell grain ? Didn't Trump try this in 2016 and had to send farmers checks to cover their losses ?
yes exactly. our tax dollars paid for farmers losses which makes kind of a wash, one one person gains someother person loses, its just a shell game or 3 card monty
He did and it was billions of dollars
Exactly. And therefore places like Toyota wouldn’t be subject to tariffs unless it’s a model exclusively 100% made in Japan. Most Toyota cars and trucks are not made in Japan or a portion of them are and then shipped here to be finished up. Those are not subject to tariffs.
We subsidize farmer every year in the Farm Bill
@@deep6301 I agree, but the 2016 Trump tariffs added an extra check in the farmers mailbox !
Trump isn't going to make anything better. He's dedicated to building an economy for the billionaire class.
oh common Americans do not deserve cheap things anymore that's why they voted Trump into power plain and simple they want everything to be way more expensive think about it that's why they voted him into power that is the only reason because they have way to much money to know what to do with😀😀🤣🤣
Hey, you're a smart one. IF the factories close, THEN who will pay wages and taxes? Will all the elementary school educated factory employees become self-employed and save America? We NEED factories and we NEED owners to make a hefty profit in order to risk employing from 1 to 100,000 employees, otherwise the owners would NEVER risk having to deal with the MOUNTAIN of paperwork, competition and lawsuits. No investors? Better buy a fishing pole, because we'd be precisely like Cuba or Haiti...
@umaxen0048 The purpose of these tariffs won't be to prevent manufacturing from leaving the United States. Waaaay too late for that. That might have been effective in the '70s or '80s. If a job could be outsourced it has been by now.
@@joeMW284 so your solution is do more of the same thing thats making things worse, will make things better? 300 genius level
@@terran2kk Trump IS more of the same. Hell, we even did his Tariffs during his first term and ended up having to bail out farmers. It cost more than the tariffs brought in. If you think these billionaire grifters are going to save you you're nothing but a fool.
One benefit of tariffs for the wealthy is the tax revenue generated by tariffs can be used to offset set the impact on the economy from giving tax cuts to the rich. Right now some companies have told their employees that because of the possible tariffs we have to not give you the promised pay increases and bonuses because we need to spend every penny to import stuff and fill our warehouses before the tariffs take effect.
You do know that Trump is doing this in order to greatly reduce or eliminate income taxes don't you?
Me right-pal Hong Kong John is the man . He knows about economics. Have you heard of the apistles theiriom. It explains the 5.2 ratio and he knows about diamantics too😊
In this case depends how much is the rise of tarrifs 10% and a reduction considerable in taxes them that may offset the raise but if is more then 10% to 50 or 100% which i think he would not do becuase is insame but if was the case then you cant offset that
House for 4 mill and the neighbors are a few feet away from me? NOWAY! Give me acres of privacy.
Some people prefer the closeness of their neighborhoods. While others want their neighbors as far away as possible. This is the beauty of America. They have all options available for all people. You don't like it go find somewhere else to live.
@@sleepy670Yea…that’s everyone’s dream today. Living so close to a neighbor you can smell his morning shit 7 days a week. No thanks. Most people today don’t even know their neighbors unlike 50 + years ago when neighbors were almost family. How anyone in 2024 can live in a crowded subdivision with homes 6 feet apart is next level insanity.
Population is too high for that. Acres are better invested in wilderness and a few farms to grow food, not wasted on privacy.
Cringe when people always express how much they like to be secluded
@michaelb6510 I love seclusion. My closest neighbor is 200 feet away, but I'd prefer 1000 feet.
The tax code seems overly complex, making it difficult to identify the most tax-efficient strategies for my income and investments. Are there resources available to help me understand relevant deductions and credits that could maximize my after-tax returns?
You're right, the code can be a beast. There are definitely resources available to help you understand deductions and credits. The IRS website has a wealth of information, but for a more personalized approach, consider consulting with a tax advisor who specializes in investments. They can help you identify strategies that maximize your after-tax returns.
Professionals could make a really big difference in investing, and I think everyone should have one. There are aspects of market trend that is difficult for the untrained eyes to see. I have made more than 350% through my estateplanner(fa) by alternative investing. The portfolio comes with perks as well.
One of my goals is to employ the service of an asset-manager this year. I've seen some off social media but wasn't able to get a response. Could you recommend one?
It's good you make your own research. and make sure whoever you work with is licensed n verifiable with a repute, this lady looks the part but i'd do my due diligence. I set up a call, thanks.
even american cars will go up because they get many of the parts from china or other countries because its the only place some parts are made, especially electronics wise so a domestic car will go up because of tariffs on some of the parts & materials used to build them
American Car Manufacturers were getting asian parts in 72" How old were you? 🙄
Exactly 💯
Yep..and ninety percent of generic drugs are made overseas. Why. Because it's much cheaper. The brand name drugs here are ridiculously expensive. For example ,a one month supply of my gabapentin costs almost five hundred dollars here,the generic version is thirty two dollars without insurance .
Yes and they will raise prices even more than what the tariffs cost them they always look for someone to blame for price increases. Then just pass it on to all off us.
@@16Shakerif not enough people buy the cars, it forces the prices to go down just to get rid of the product
TARRIFS ARE TAXES ON THE CONSUMER, NOT THE COUNTRY THAT MAKES THEM. SO A TARRIF IS PAID BY THE COMPANY AT THE PORT OF ENTRY AND THAT COMPANY RAISES THE PRICE TO THE CONSUMER SO THE PRICES ON EVERYTHING HERE WILL GO UP IN PRICE. YOU VOTED FOR HIGHER PRICES. TARRIFS FAILED IN HISTORY THERE NOT MENT TO BE USED ON EVERYTHING. TARRIFFS USED PROPERLY ARE NOT USED ON MANY THINGS. THERE USED FOR EXAMPLE IF CHINA SELLS A CAR FOR $10,000 AND A SIMILAR CAR MADE IN AMERICA IS SOLD FOR $20,000 SO A TARRIF OF 100% IS PUT ON THE CHINESE CAR SO ITS SOLD TO AMERICANS FOR SAME $20,000 THIS WAY BOTH COMPANIES CAN SELL AT SIMILAR PRICE AND IT KEEPS PEOPLE BUYING FROM THE AMERICAN COMPANY THIS IS HOW A TARRIF IS USED PROPERLY. TRUMP PUTTING 25% TARRIFS ON ALL ITEMS COMMING IN FROM MEXICO AND CANADA WILL INCREASE PRICES ON ALL THOSE GOODS BY ABOUT 25% SO GET READY FOR ALL ITEMS WE BUY TO GO UP IN PRICE. GET READY FOR SUPPLIES SHORTAGES ALL OVER THE COUNTRY. YOU NEED TO READ 📚 🤣 AND LEARN WHAT A TARRIF IS. TRUMP WILL CRASH OUR ECONOMY HES A CRIMINAL AND BANKRUPT ALL HIS BUSINESSES GET READY FOR HIM TO BANKRUPT THE USA. WORST PRESIDENT EVER SHOULD BE IN JAIL FOR INSURRECTION YOU VOTED FOR THIS IDIOT NOW THE BILLIONAIRES GET TAX BREAKS WHILE WE SUFER EVEN ELON MUSK SAID WE WILL HAVE HARDSHIP THANKS YOU IDIOTS WHO VOTED FOR THIS ORANGE HITLER IDIOT FELON RAPIST PEDOPHILE TRUMP UGGG NOW WE SUFER YOU WILL LEARN THE HARD WAY.
BEEN AROUND SINCE COLONIAL DAYS TARIFFS ARE NOT NEW >>>>>>GET A GRIP THE SKY IS NOT FALLEN
@factchecks-y4l TARRIFS ARE USED FOR CERTAIN REASONS AND ITEMS. NOT EVERYTHING THATS IMPORTED.
I’m using the same arguments that you presented to friends of mine who are trump supporters and in favor of tariffs. I can’t understand it, they have no counter argument other than trump told them tariffs are good. Even when prices increase they will defend him. It truly baffles me
Each time I see a new video, it's a treat!
You are a bot
Especially the nonsensical ,funny comments . A double treat !
@@geoffreyromain Ever since you or someone pointed that out, I'm suspicious of the overly complimentary comments I read like the one above.
Ask the soybean farmers that struggled when Covid hit how them tariffs work😂
Why would Americans be pressed to buy domestic products if the prices of American made products are still probably gonna be more expensive? At the end of the day, consumers are gonna be faced with a more expensive American product or an expensive foreign product. Additionally, the retaliation from other countries wasn’t discuss. We have a very real example with China backing out from buying US agricultural products due to tariffs. They switched to buying from Argentina and Brazil and it caused a loss of around 30 billion dollars to out farming industries.
Because that's not how it works. President Lyndon B Johnson imposed a 25% tariff on light trucks imported to the US. What ended up happening was that some companies, like Toyota, moved to the US to produce their goods there and bypass the tariff. This not only brought over the company to US soil, labor was supplied by US citizens, and Toyotas are still some of the cheapest cars you can buy today.
@ he literally stated in the video that many products in the US are still gonna be more expensive than the tariff increased prices of foreign products. Additionally, tariffs can cause job losses (known fact) because companies will have to fire workers to save that money to pay for the tariffs. And how is losing 30 billion dollars due to tariff retaliation in our agricultural industry even something that you ignore? We can increase the production lf only some products. Our country doesn’t have all the raw materials needed to make some products in the US. Therefore we import them.
@ and telling me “that not how it works” when I literally stated the consequences of the retaliation that ALREADY happened in our country a couple of years ago because of China’s tariffs is very disingenuous from your part.
@@yufeng1707you provided one positive example of tariffs. Thats great. But you can’t use that example as a means to avoid the reality that tariffs can also caused many negative outcome throughout our industries and our wallets. We have to be realistic and vigilant about the effects of these tariffs. Not just take one good example from the 1960s and disregard the negative impact they already caused in a modern global economic environment.
@@yufeng1707in the 1960s many countries werent as develop and the competitive market was therefore not as rigorous. Nowadays, many countries have entered the globalization market and therefore more competition is found. When we impose tariffs, companies can just relocate their manufacturing plants to another countries that aren’t affected by the tariff. Additionally, since more countries now produce similar products, the countries that we impose tariffs on will just retaliate by buying products from another country that sells them and therefore weaken our global relevance and damaging our local industries.
The continuously changing economic conditions in our society have made it necessary for thousands of people to find additional sources of income. Personally, I am looking at the stock market to fuel my retirement goal of $2m, my concern is the recent market crash.
buying the dip has proven to be profitable although for majority, the solution to their problem can be found only in specialized knowledge hence they seek guidance from well experienced advisors
Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
Stacy Lynn Staples 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.
I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.
Musk is going to help himself and trump to the US Treasury. If you think otherwise, then you need help.
If a country wants to rebuild manufacturing,then it should put tariffs on the finished goods ,not all imports, while lowering the taxs on semi-products or raw materials and improving designs on the finished goods.
It does not work that way in the third world, and Trump seems to have a third-world mentality, "Tax them all" and then blame others when your country becomes even poorer.
Spoken like a true communist. It's not going to work Chinese bot.
The US has to undo the last 40 years to bring manufacturing back. It's not happening
@@garrettwilson9664 Are you kidding? New US manufacturing will open overnight if there's a dollar profit to be made.
@@bubbajones4522 It's easier to raise the cost of the product than it is to take on all of the risks associated with moving your production.
I'm a professional engineer, not an economist but I believe tariffs would hurt the country's economy and eventually the world as exporting nations will find other markets for their products, or they will retaliate.
Not eventually the world. The whole idea of a tariff is to interfere with international trade. The world economy is the target.
who is going to buy their products like the USA? you think India gunna buy like we do? Philippines? If we stopped buying from China tomorrow, their economy would implode and they would never ever find any country to buy as much as we do.
I guess you put in you're a professional engineer so we would assume you're smart I suppose
@@terran2kk Lincoln claimed he could end the secession in 6 months with 20,000 troops.
Civic would be better, even at $3k more. I have NOT had a good American car. Ford 6.0 junk, Chevy with the oval cylenders, bad transmission, poor quality Suburban... i have totally given up on American made autos. I have a 2006 4runner, made in Japan, with 210k miles on it and it still runs like a watch.
The blanket tariff proposed is 20%, not 10%, so $6k more. But still the better choice IMO.
@@ScubaSteve-x8o60%
your civics ARE made in the usa LOL
The thing is most people can not afford any price increases that's why we voted for Trump now we find out were going to all suffer even more.
LOL, the tiniest bit of research would have told you the 6.0 is the worst engine Ford ever made, I have a 6.8. As far as Suburbans go, I have a 2008. Zero problems.
Please do not sit back and wait. Pay off debt and cut spending. Save every dime u can. Pick up two jobs if u have too. Prepare for the upcoming storm.
You fail to mention the tariff on everything made in china will be 60% So a TV at $300 will now cost $480 Plus many replacement car parts are made in China so your looking at paying %60 more to fix your car even wind shield wipers are made in china. I think with the other %10 on every other import we are going to head into even higher inflation leading to a recession. People are strapped for money as it ir I thought we voted for getting the prices down on everything not making everything cost more. Trump said China pays the tax. He led many to believe he would help them economically now we find out he was Lying to us. He also said project 2025 was nothing to worry about because he knew nothing about it Now we find out that was a lie too. The people who voted for Trump just got screwed many of them poor and middle class just scraping by pay check to pay check.
Watch those Walmart digital price tags to make sure they don’t pull a fast one on you .
These frequent tax code changes are disrupting my long-term investment strategies. Are there ways to structure my investments to be more resilient to potential tax code modifications?
I honestly think America needs a completely restructure of their political system. It is just not working. Trump and Biden being elected out of 300 million people to run the country is evidence for that too.
This is why the US should elect more progressive politicians, who know how to manage budgets and give us (yes, pur country's initials literally spell out that pronoun) much better tax credits in return for better public education and better public healthcare. but since these are nonexistent, my husband and I are being guided to finance our retirement and healthcare through a diversified investment portfolioportfolio
Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.
My CFA ‘’Vivian Jean Wilhelm’ 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.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing..
Targeted tariffs on specific goods can be a good way to promote and protect local businesses. However what many people don't realize is that a tariff on ALL GOODS (as promised in Trump's campaign) won't just be a tariff on foreign cars, phones or Temu goods that are imported to the U.S.
Let’s say you make cars in the US such as Toyota. You'll still need to import raw materials such as lithium and semi-finished products to the US so that they can be used in the final assembly. Those raw materials and semi-finished products are also going to be subjected to tariffs. So even U.S based manufacturers are still going to get hit hard and will pass that cost to the consumer.
Another major issues that a lot of people aren’t seeing is that we’re going to be tariffing things that the United States can’t feasibly produce such as such as coffee, chocolate, and other foods and products. Again, we should target our tariffs, not just tariff all imports. No matter how much you tariff chocolate, you are not going to be seeing any cacao farmers in the U.S that is enough to satisfy demand.
a tariff on ALL GOODS (as promised in Trump's campaign) WHERE DID HE SAY THAT?
democrat
This is what happens in Brazil: a 92% tariff that covers everything that comes from abroad, no matter how large, expensive, or country of origin. We have the most expensive phones in the world, twice as expensive as in the US, and cars are also incredibly expensive. 100 grand here buys a car that would be forbidden to drive in the US.
@@michaelpowell7120 Google is your friend
Exactly this.
And cut income tax!
You will get a energy tax right back from canada. Gas, electricity, you tax everything thing in canada will hit trump right back.because most companiez are american in canada.gas will go up alot in usa and canada
You'll pay more and it won't bring ANY jobs back to the US.
Tariffs is going to make inflation worse than what it is now. It was make people buy less and make companies lay more people off. 😢😢
Inflation is a function of money printing, which is what we have to do because money is leaving the country.
According to MSNBC " Trump will make economy worse" That's why 80% voted for him. 🤔
Pete... It's to pay for no tax on Tips & overtime & social security & lowering income tax.... & People can chose if they want to buy tariff stuff....
Japan & Germany tariff our cars...
@@bypinkerton892..oh sure.why would I want to pay almost 2 thousand dollars a month for my prescriptions? Which now cost less than than a hundred a month?And they are a necessity for my muscular dystrophy.
I remember prior to NAFTA and back in the 1970s we would have three cargo ships going out for every cargo ship coming in with goods,
And we taxed rich people. 1980 is when the wealth gap started getting bigger
@@terryjohnson1376 coincidentally, the USA moved away from a manufacturing economy in the 1970s and started moving manfucring abroad....couldnt be related though. right?
Abolish Property tax ‼️
Tariffs do not cost the importer, it costs the consumer (us) when the importer adds the tariff to the cost of the item.
And I mean look at food how many different ingredients for stuff we buy costs, how many Whole Foods we import, etc. plus the deportations causing food shortages, etc.
What we need is a better public transportation and more affordable housing… not stupid tariffs on foreign imports
they're not stupid. EVry country needs to protect it's own owrkers - this was common sense before free trade
Trump has talked about a 60% tariff on China. That's a lot more than 10%. It will.crush a lot of small businesses as well who rely on goods from China.
Exactly. Glad you brought that up as well.
So it's fine for these businesses to make huge profits on cheap Chinese crap?
@@jkholley1118 my barber runs a small yard flag business. It's seasonal as well. I don't think he's making huge profits but he makes a little to supplement his income. More like a side hustle. It will put him out of that business. I think you're very foolish to begrudge someone because you think they make huge profits.
People did not do their homework before voting for the clown
You preferred the slow bleed of inflation?
I always thought that the idea of a tariff was to make imports more expensive to encourage buying local products. Since the US has spent the last generation or more outsourcing production what is there to protect ?
Taylor Swift concerts are non-essential. She's still packing stadiums.
And she's Made in the USA 🇺🇸 😍
~ 🦋
Exactly it's all fear mongering. Prices are still rising everyday with or without tariffs. And yet concerts are still packed, sports stadiums are still packed. Restaurants are packed. Fast food drive thrus are always full. People need to get out more.
@@Vakator-29this just proves the argument that “I can’t afford eggs, etc” and pick Trump because of it is BS
@@miketapscott6819Some people are overdramatic, and it’s very common on social media.
@@miketapscott6819 you cant afford eggs b/c of the current administration policies and not Trumps tariffs.
Tariffs... what a joke! 1. Your labor cost will be twice or tripple, 2. does the US still have the skills and which American will do a low cost job? 3. How much will it cost to re-establish the factories and the production lines in the US? 4. How will the US export more expensive and less quality items as compared those made in Asia? And the list goes on and on...
Want to keep sponsoring China, which in effect sponsors our enemies?
Yeah, but can you put a price on "owning the libs"?
@@DeeKay68ok sure... Bothsidism is gonna destroy America. If so, why didnt bidens government impose the high tariffs that trump has announced, those previous 4 years that they governed and why didnt they make it one of the main stated goals of their campaign... Oh thats right, because Trump and his minions are the definition of idiots. Welcome to idiocracy, Trump has sped up the process by about 1000 years😂
Thinking the US companies would take the hit is the craziest take ever. They’ll increase the prices somewhere else besides products they can’t sell at a higher price if it comes to that.
I think most Honda civics that are sold in the US are manufactured in the US
Yep. Japan already “bent the knee” to the US during the first Trump administration.
Yeah. The most 'American Made' vehicle right now is the Toyota Tundra and the American vehicles are made in Canada and Mexico, so literally none of the tariffs will do what people imagine when it comes to vehicles.
Yep I feel like people are setting themselves up for disappointment when he takes office, people are acting like it's gonna be a party for 4 years
@@jeremiahdonaldson1678 Trump is proposing 100% tariff on Mexico ... Canada will (only) be 20%.
@@ScubaSteve-x8o OMG, that's even worse, because more are made in Mexico than Canada lmao US makers will be bent over and sold to Honda and Toyota if Trump actually goes with that.
HEY, EVERYONE DONT OVER SPEND ON XMAS AND TRY NOT EAT OUT MUCH SAVE YOUR MONEY WHEN THE TARIFFS HIT PRICES WILL SKYROCKET SAVE YOUR MONEY AS MUCH AS YOU CAN. YOU HAVE BEEN WARNED ⚠️
I flew in to Mexico City 3 weeks ago, there were ads from Chinese companies selling manufacturing plants in northern Mexico all over the airport.
It's actually more than 10%. That 10% is part of the retailer's cost so he's going to roll that into his cost of goods and Mark it up accordingly. So the 10% is going to be marked up in his cost so that will raise it another 3 to 4%
No. On Monday trump announcement 25 percent tariff for Canada and Mexico. 35 percent for China.
There was a documentary I was watching about how Walmart uses illegal migrants & migrant children here in the USA for cheaper labor .. the documentary would follow these vans that would pick up the migrants to take them to the Walmart warehouse. Very eye opening. These corporations, not just Walmart, also use prison labor as well.
They taught us what tarrifs are in great school. How tf did people think voting for this was a good idea?
As a "crazy America first maga republican" I really appreciate you honest you are being. Unlike everyone else. Thank you.
Small businesses are about to become your friend. Shop small, save big.
I have a lot of houses setting empty and property taxes keep on coming and people cannot afford to move around it would seem. 😮
sitting
Most of the Latin American countries have high tariffs on imported goods. Doesn't help their economy.
Brazil has had a 92% tariff on all imports since the 1980s. The result: the world's most expensive iPhone, one of the world's most expensive cars (which would never be allowed on US roads because they are a safety hazard), and a dollar-equivalent minimum wage of US$150,00. I AM SEEING TRUMP TURNING THE US INTO BRAZIL VERY QUICKLY.
@@LucasPereiradaSilva Yeah but Brazil isn't the superpower that the US is and doesn't have as much leverage
A lot of US manufactures also use parts and raw materials from overseas with many from China. So while tariffs will make finished goods from overseas to cost more in the US, a lot of American products, prices will very likely also increase since it’ll cost more for them to produce it
Trump's tariffs will cause another depression!
You are absolutely correct, as long as corporations are making huge profits and huge margins they continue to manipulate the systems and manage the supply only !!
I was stationed in South Korea a couple of decades ago. What impressed me the most was that virtually everything I saw was made in South Korea. They went from being a 3rd world country into a power in 1 generation. Buy American, Make in America. Brother, it would be nice to know where you are on your daily walks. All the best.
They don't make it in America anymore. I used to love Carrhart clothes because it was made in the US. Now it's made in Honduras.
I doubt we can go back to a major manufacturing society. Our labor is way to expensive to compete. And it has to be given the cost of living. We would have to automate way more than we already have. I'm impressed with Korea too. I remember talking to people who were stationed there 25 year prior to me being there (late 90's). And what I describe versus what they describe are two different worlds. But they were already complaining that China was cheaper, and Chinese goods were outcompeting them.
i put some s korean rubber on my accord. not a good result there. no prob buying anything else from them though
Did they have labor unions?
@@francismarion6400 😂
I like the idea of tariffs, but under the current circumstances I see many problems occurring. In the current economic environment, you would probably have to push a 75-150% tariff against imported goods before their manufacturers would even think about coming back to the US.
Now if consumers stop buying those imports (after the added cost); then the manufacturer loses profits. However, at the same time consumers will be further constricted to domestic items (which means significantly higher costs). As long as the exporter can absorb the loss in sales; nothing will change and inflation will go up again.
We're stuck between a rock and a hard place. We cannot continue importing cheap products and foreign labor. However, we will also burden consumers with higher costs regardless.
Even IF the manufacturer moves back to the US. They have to pay American wages while they circumvent those tariffs. So your costs will go up well beyond 10%.
Now, with the FED cutting interest rates as well. I can guarantee we're looking at another round of inflation come 2026/2027.
@@Plutogalaxy Targeted tariffs on specific goods can be a good thing but a massive tariff on everything is most likely just going to backfire.
or,.. pull away from the US,.. produce and sell your goods globally,.. and the consumers in the US will have to pay tariffs on all the stuff they need.
@@Plutogalaxy Tariffs are good if your standard of living is competitive with your exporter.
US prices MUST come down if this were to work in a traditional sense.
At the end of the day, they might as well do a sales tax; because that's all it will amount to.
Trump intends to greatly reduce or eliminate income taxes with this money. Factor that into your net equation.
bubba,.. for the rich,.. yes,..
just like trump did in 2016,.. massive tax cuts for the ultra rich,.. which led to an 8 trillion dollar deficit increase,..
There was a day, 50 to 75 yrs ago when tariffs had an impact, regardless of who initiated it ( btw, 1 to 5% ) but it's a fully integrated world, 100% Global economy. Just tell people the truth, Trade wars a disaster for everyone.
I would say just text the people on the tariffs that voted for Trump
Tariffs push the businesses out of China specifically and into America. How has shipping most of our industrial base out of the country benefited USA workers?
Someone has to make changes. We are circling the drain here.
A Mexican flag , Hank ? I think I can guess where you want everything made.
Workers overseas are paid less than $2 an hour. American worker wants $25 minimum. How much you think this will cost a consumer?
It's to offset all the income tax cuts....
Hey Michael, I notice everyone says a 10 percent tariff increases prices by 10 percent. In actuality, price markups are usually a percentage over wholesale price. The cost of inventory is financed too. I think a 10 percent increase in cost would cause a 12 to 18 percent increase in consumer price as a rule.
The manufactuter will use the opportunity for a new round of price gouging.
@@MultiAnne36 well sure, and they end up selling less. You do recall that automakers are laying off, right?
The reason American products are more expensive is because employers have to pay for health care, maternity leave, unemployment, etc
Lmao
pennies compared to this.
@islesofshoals3551 Maybe we should take healthcare and maternity leave off the business plate, and that would help make small family businesses more competitive. Universal Healthcare would do it. I don't get healthcare or maternity leave at my job, and I live in Florida, so unemployment is nearly impossible to get unless you work for Disney.
@@juanvaldez7279 it is one or the other.
Nobody talks about the additional sales tax on the new higher priced American products.
see Hawley-Smoot Tariff...how'd that work out..
I really hope the economy improves.
@@deep6301 Sorry economists aren’t very hopeful.
‘Investment properties’ are the reason why tens of millions of houses are vacant. Private equity is a big part of this, but individuals sitting on second, third, and so on homes is the largest part. The housing crisis is made by the ‘petty bourgeois’. There’s plenty of homes for the homeless, but no money in those homes being reduced in price so that they are affordable.
So true.
I'm currently homeless.
I've lived in this community for 34 years. I'm surrounded by vacant luxury homes. It's amazing how much money is all around me. It just blows my mind. How many properties do you really need? Why not invest in the community instead and create opportunity for others?
That's my plan when God blesses me with Big Bucks.
He will.
"With God, ALL things are possible." Matthew 19:26
Not some.
ALL
~ 🦋
The biscuit wheels on the financial gravy train are juuuuuuust about to fall off.. It will be epic...
😂
The point of the tariffs is to force companies to produce more in the U.S and increasing job openings is the intention
We’re at full employment now. Where are the extra workers going to come from if the borders are closed to new immigrants? Manufacturers are producing their goods overseas for a reason. Do tariffs address the fundamental cause of offshoring? (Hint: No.)
You have to look at the whole plan.. The the plan is to massively cut government spending and regulations And at the same time increase tarriffs Which will essentially balance the budget and allow them to do a massive tax cut across the board.. Their goal is to eliminate income tax. . If those 3 things are accomplished, it will supercharged our economy more Than anybody can imagine.. Imagine a country that doesn't send all their money overseas . This country can't go on the way It's going with the massive Budget deficits every year And the national debt that's gonna absolutely collapse our country.
Okay, so the retailer importing the product pays the 10% of tariff cost. Is this 10% collected by the government? If so, it seems like a new tax. Hope the gov spends it wisely. Yeah, right.
will reduce the national debt
@@rockerjim8045 that will never happen
@@jbone9900 a crafty attempt at trying to reduce the national debt
@@rockerjim8045 his first term it increased under him so no just another politician selling fantasy stories.
Do you know why he's doing this? It's to eliminate income taxes. How much do you waste on income taxes?