Exactly what we need. President Trump is the man to do it. Proven by what he got done in his first term, even with the CoeVldz can't wait till his second term. USA. ❤
Thanks, WSJ for pointing out that Trump is the man that can do it, and how little most people understand the long plan and big picture when it comes to tariffs. This is the best time to be alive and get to witness a nation getting back on track and becoming more successful and secure.
In 2016 the people voted “NO!“ to the Washington establishment and in 2020 the media fooled more of us into believing Trump was a 🤡. However after incompetent leadership from this current administration, Americans have had enough, we NEED Trump back in office to MAGA and keep the world safe from dangerous people like the fake news and corrupt press, as well as enemies abroad that wish to harm us…..
You mean destroy world trade and the US economy in the process, all on the backs of American workers, who are going to be the ones having to pay much higher prices for pretty much everything.
@@JamesStripling you've proven the very point you sought to disprove. "E=mc^2" is incomplete as it doesn't factor in the relativistic energy of objects with nonzero momentum.
Trump said "China paid the tariffs", but in reality, American consumers paid. That's thinking about hurting China first, not benefiting Americans first. In the end, who lost the trade war?
@@michaelb6529 Trump paid billions of $ in subsidies to Iowa soybean farmers, to help (some) of them from going bankrupt. Would you say the US then "paid" for the Chinese soybeans tariffs, even though the soybeans weren't even exported, just left rotting in giant piles around Iowa ?
@@mtzzerowith CCP subsidy, Chinese company lowers price enough to cancel out tariff in order to keep the old price and market share. So CCP pays tariff. That's how Uncle Sam gets paid.
@@slomo4672 So basically Chinese companies make their prodacts even shittier to offset the cost and Americans pay full price for an inferior product. And you are ok with that?
WHY DON'T PEOPLE KNOW HOW TARRIFS WORK. I'm here in Argentina, and you want to know how much a bottle of imported shampoo generally costs? $20-$30. And some items don't have many competitors, so the Argentian products get away with ALSO increasing their prices, because it will still be cheaper than the imported option, and it causes a domino effect with increased prices. Tarrifs are a nightmare for regular people
Crazy the democrat administration didn’t take away the tariffs Trump implemented. They say you can’t drop the tariffs easy which is a funny funny argument.
Legal Eagle channel has a video: "The Most Important Election Of Our Lifetimes". This video has comments from Hungary, China, Kenya etc. They are all saying that you have to preserve the democracy.
Oh look, the reason why your bottle of shampoo costs so much. Not really the tarriffs on them, but virtually no competition to drive cost down. Let's also not forget that Argentina has abismal inflation.
I work for one of the nation’s largest steel importers and distributors. When Trump imposed the tariffs on steel we kept buying the Chinese steel (because that’s what our customers wanted) and took that opportunity to massively jack up our prices on American steel to MATCH the now inflated price of imported steel. All our competitors did the EXACT SAME thing. Our customers had no choice but to now pay this premium costing American consumers billions of dollars extra annually and as a result helping send the country into economic inflation due to everything costing more. Edit: Industrial customers who buy steel for manufacturing can’t simply switch over to a different steel due to the elemental properties of said metals. Each “type” of steel, even though categorized as “the same” have slightly different properties that throw off a factory’s setting and require all new testing and production line recalibration. You can’t just STOP buying one type of steel and switch to another. That’s why our customers demanded we keep selling them the Chinese steel they had been using before the tariffs. These tariffs HURT American industry and we handed that hurt down to the customer’s pocketbooks.
I think I get your point, but if the informed industrial customers KNOW that they want Chinese steel, then, such customers won't buy American steel, at ANY price, because the informed industrial customers know that American steel is not the "stuff" that they want. That being the case, why raise the price of American steel, to match the "tariffed" price of imported Chinese steel? It sounds like someone in the industrial "pricing loop" is a bit balmy between the ears. Either that, or all the Steel Importers decided to opportunistically "price gouge" the American steel consumers. I am not in favor of the practice of government-enforced Price Controls, but maybe importers should be required to formally file and list THE REASON as to why they suddenly decide to raise the price of a commodity?
@@JohnBerry-q1h Three things: 1) For whatever reason your account came back as a dis-information bot account when I checked. No biggie - I just found that odd. If it isn't, it isn't. Moving on. 2) You must not have read the second half of my comment where I go into detail as to EXACTLY why they couldn't "just simply change" from Chinese steel to American steel. It had nothing to do with price or country of origin. 3) It's Capitalism. We and all our competitors saw this as the PERFECT time to raise our prices just a bit due to (make more profit) due to the tariffed increase of the Chinese steel. You ALWAYS increase your price as much as you can if the customer has no choice. That's just smart business. This is what tariffs DO in an open business model. That's how all competitors react when a tariff is forced onto a competitor throughout history. Our case was NO different. This is WHY you don't impose tariffs in a MODERN economy. Tariffs are imposed by people who don't know anything about economics.
You would think that a graduate of the Wharton School of Business would notice the after-effects of placing a tariff on imported Chinese steel, especially when such a tariff leads immediately to higher inflation within the USA. At the very least, you would think that Trump's friend, Larry Kudlow, would clue Trump in.
@@NorthernChev Thank you for your Reply! The "inside baseball" details of macro-economics can be fascinating. While I have your attention, can you tell me more about the *disinformation bot* notice that you received? I tell you honestly, I have no agenda, and no axe to grind regarding any group. If some entity is secretly labeling me as a *disinformation bot,* then I would say that the secret entity is the TRUE disinformation bot.
It's ironic that Trump pushes for tariffs on China to 'protect American jobs,' yet many of his own campaign products are made in China. If he truly wanted to support American workers, shouldn't he lead by example and source locally? This feels more like a double standard than a real solution.
Typical! All what he does he steer the pot. A selfish ignorant sub human! I blame the fools that do follow such crook. He is ruining the life of every human by his ill contempt.
This video does not cover the fact that Trump does not understand how tariffs work. Trump had claimed that tariffs don't raise the price on goods. Trump had suggested a 200% tariff on an American company that moved manufacturing out of the US.
More videos need to highlight just how staggeringly stupid he is. Those of us outside of his cult catch him making constant mistakes, like thinking "immigrants seeking asylum" meant "crazy immigrants coming to the US for our mental asylums". He had no clue whatsoever what political asylum is and every time he talked about it he came across as dumber than your average 14 year old. But because his entire base is exactly like that, they have no idea just how ridiculously dumb he is. The only way to get them to see it is to call him out for it where they can see it.
Can’t you use your brain for once??? That’s the whole point of trumps tariff plan. Tarrifs 200%, so high that it becomes unaffordable by the masses. Therefore the company selling it doesn’t make any money and will move into the US to avoid the tarriffs and as a reward it will receive a tax cut of 15% as well………
@@NiteSaiyawhile calling Trump stupid you exposed yourself for being stupid. You believed a video of misinformation. Trumps real tariff plan is to use a tariff so high 100-200% so that nobody will buy that product, as result the company makes no money and is desperate to re-enter the American market by moving into America, because of that they no longer have to pay the tariff, they receive a tax cut to 15% and in the end the product is made in America.
@@NiteSaiya Not only that, but immigrants also contribute to the US job markets and pay taxes. I live in beautiful MN, and I can tell you that there are more jobs available here than people. Walz has provided us with a great economy for years, and there is new modern construction all over this state.
Problem is you forget that despite tariffs inflation was low during his first term and tariffs brought 80 billion. Some industries did suffer but he supplemented them with tax cuts and subsidies. Tariffs may or may not work, but Democrats were hopeless assuming spending on unwinnable wars and illegal immigrants will somehow cause inflation to come down.
@@amrgg3272 98% of the income collected from tariffs under Trump was paid back to farmers as price loss protection from retaliatory tariffs. Tariffs are not good for the economy, they increase trade deficits, and will likely lead to major corrections (recession, depression). Can't wait to see a second Trump term. He's been given the strongest economy in the world post-covid, and inflation rate that is back around 2.1%.
@@amrgg3272but inflation have quite literally went down every single year under biden-Harris. Trump is getting handed a great economy again LOL.not mention him wanting a mass deportation of illegal immigrants will cause a recession and a depression.
They will, and just find a way to blame democrats for it, like the comment above mine. There has always been more jobs and economy has always been stronger during a democrat presidency. This is all historically recorded as proof, but they never want to acknowledge it
@amrgg3272 'Unwinnable wars' oh yes, you really know what you're talking about. It's not that if Biden and the US helped more, Ukraine could have succeeded in its counteroffensive, and the war could have been over?
He doesn’t have a tariff plan. He’s been asked at least two dozen times in various interviews what his tariff plan is, and he has never once answered the question. But he might have a concept of a plan.
Ah Kamala must be a fluent clear concise speaker that actually can answer ONE question in your opinion then. Because she isnt, and can't. She literally has trouble memorizing the lines they feed her.
The thing is US outsource its inflation for printing the dollar through the petrodollar system. If there is a tariff war, other countries might actually use other currencies. The outcome would not be the massive inflation but the collapse of the petrodollar system.
@@TemplarX2 ppl talk about that kind of thing, esp with BRICS and all that - but the cold hard fact is that there isnt another currency with the liquidity and stability to do it. The dollar is safe as international exchange currency, come what may.
These tariffs are a terrible idea, but people voted for this guy anyway. That decision will come back to haunt them. I mean you handed the keys to the guy who created all these economic problems in the first place
Local food is better than foreign food. Focusing on increasing the economic strength and integrity of American grown food brings more stability to the market for Americans everywhere
Most of them have no idea how tariff work. They think China will pay the tariffs and Americans won't see any differences on prices for themselves, and that it will just magically create a ton of American jobs out of thin air.
@@nigeriansareamazing5555 Have you seen the price on American grown coffee? We don't have the climate to grow it in high quantities, and what little we do produce is very expensive. Same with things like chocolate, bananas, and avocados. Not to mention tons of foods have palm oil, which we cannot make at all. Then there are things like rice, which we do produce, but if we replace all the foreign rice with American is it enough to feed everyone? It's not as simple as "buy local" because we really cannot just replace everything people buy with a local alternative. You giving up coffee? Well soon you many not have a choice anyway. Enjoy living off potatoes and beans or whatever. Food prices are gonna skyrocket and you won't have much of a choice.
Kamala on the other hand is going to propose 52 trillion on taxes “to the rich” that will directly impact the average American. I guess it’s to the point of pick your poison.
I agree. And I'm voting for Trump. He actually has passed many regulation reductions and cut taxes. But imposing tariffs is an absolutely foolish plan.
you guys totally blew it when you didn't even mention how china retaliated by not buying us grain . thousands of us farmers went bankrupt because they lost the chinese market. this kind of thing will happen all over the world .
.... exactly. Soybeans!!! China retaliated and it was American farmers that paid a huge price. Unfortunately many support trump even though they are the ones that got really hurt.
@@stephn7374 Then why were the farmers getting government subsidies due to not being able to sell their grain? It may have rebounded but China did go elsewhere for grain during Trumps tariff game.
@@stephn7374 Trump had to bail out the farmers with billions of dollars after the tariffs were imposed on China. When Biden came into office, he reneged on an agreement with China that if Trump's tariffs are eliminated, China would buy huge quantities of US agricultural products. So now, China is sourcing most of their agricultural imports from BRICS countries at even lower prices.
The WSJ comment pinned on this video links to an article with a negative view of Trump’s tariff plan but the title sounds like it’s a positive view and everyone’s eating it up in here 😭😂 so true
Kinda crazy how people don’t realize a tariff plan will be terrible for the American people. We import too many products, especially from China… this will also allow American companies to up their prices, greed seems to always win.
You don't seem to understand geopolitics, it's not about the short term inflation but about China; China is by far the biggest treat for the US and for the West, and you libs don't seem to understand...
He's not talking about adding tariffs to all goods or even small businesses. And leave it to the WSJ to not mention/understand the free market. They left out good ol' supply and demand. Do you really think if washers cost $5000 that people will continue to buy them? No they wouldn't. So without the demand for goods at higher prices, prices would drop until the market dictates they are of value. The washer companies could not sell washers to keep their doors open until they can find a way to sell it cheaper. This also leads to competition between manufacturers which is also better for the consumer. That is a balanced market. Tariffs are creating jobs and income for the country. Those jobs then help support families and stabilize communities.
might aswell credit 1 million dollars each in the bank accounts of those 1.5k jobless people, but US capitalism is to create 1 billionare and 1499 minimum wage tax paying working class consumers
This is the math people should focus on. Tariffs are imprecise, inefficient, and inflationary. A very blunt tool that causes harm in many directions, including ourselves. In a global economy, tariffs have to stay in the trash bin of history.
@@amolbhatki5278 Ah, kind of like when China was running the price of tires down so they could put run American businesses under so Obama imposed tariffs so it didn't happen?
@@amolbhatki5278 wsj is as usual using a half truth to push a narrative. tariffs allow domestic corporations to compete and they have long term benefits if you don't just look at a couple companies and find some anti trump economists to demean them. there's a reason the media didn't criticize biden nearly as much, if at all, when he imposed tariffs on chinese EV and solar cells (which is a good thing). at the end of the day the media is controlled by the democrats, and they want you broke and dependent on handouts.
@@joeyappley202 First, im from Poland, second you cant offer anything but platidudes but think you are better and third, are you so blind that you dont care about who his opponent was ?
As someone that lives in a country that used to be protectionist using import tariffs, our economics will say, in any day of the week, that protectionism in a globalized economy is the fastest way to shrink your own economy and make progress to stagnate quickly.
Typical elitest mentality. The Chinese subsidize their industries to purposely destroy our industries. But the elitest do not care about American jobs. Economist that has never built a business know more than a man that has built a billion-dollar empire!!! Typical elite arrogance!
It is true if, and only if, said protectionist country is a weak country with nothing much to offer the global economy. Otherwise, like Saudi Arabia, or China (which is highly protectionist, both now and in the past), or those European nations during colonial era, if you have powerful military and immense economy (plus highly sought after produces/commodities), protectionism is one tool to protect your competitive advantage. Imagine if ancient/medieval China had free market and allow anyone to just copy their pottery making technique (those chinaware and fine porcelain), or allow foreigners to freely obtain/buy silkworm and tea sapling. That would be absolutely ruinous and idiotic policy, just like how Britain quickly lose massive competitive advantages during Industrial Revolution (from 1830s onward, especially after 1850s) by allowing their companies to export cutting edge machinery abroad. As a rule of thumb: If you are a weak (and rather small) country, your best bet is to open your economy and market, so you could become an international trade hub. If you are a powerful country, with certain competitive advantages over your rivals, you should really safeguard that competitive advantages with all your might. You should actually leverage you military and economic power to gain even more advantage over your rivals. In this case, American free trade push in the 1990s and 2000s was IMO a *major blunder.* America should've acted like ancient China (which enjoy many centuries of competitive advantage), not colonial British Empire (which position taken by US, due to UK's own blunders). That being said, I'm not American, and I (as well as my country) greatly benefited from American sponsored free trade. So I/we wish they would continue this policy, but if I were American citizen, I would totally REJECT the notion of "free trade".
@@ihl0700677525 I would kindly disagree with that statement. Even though you seem very well-informed, and I do believe it to be true in some cases, however it does (in my opinion) seem much more complex. Protectionism (alongside isolationism) broke Spain down economically so bad under Franco, that he had to hand over the economy to technocrats who opened up the country, thus resulting in the famous economical boom. Spain was a pretty large country at this point, and Franco was a general reinstated through a military coup d'etat Furthermore, much of China's greorh comes from strategic openness and foreign investment, not just protectionism (accession to WTO, etc) I would also argue, that the Smoot-Hawley act of 1930 worsening the Great Depression is a pretty good example of protectionism going wrong in a large militarised country. Lastly, international and intercontinental agreements can lead to more productive and stable national and international relations. The EU as well as NAFTA could be examples here, and the antithesis could be the international friction during the U.S.-Vhina trade war as well as polarization in Argentina including right now under Milei (even though I acknowledge that this country is smaller and not nearly as wealthy as the previous examples). In general, most historical and economic evidence does suggest that protectionism leads to a long-term hindrance in growth and innovation as well as (obviously) international cooperation and although there are of course exceptions, I do not believe it's as simple as the size of the country and military nor solely dependent on the economy before protectionism is initiated
I work in the manufacturing industry and those 2018 tariffs radically changed the entire market. We had to be so incredibly careful about price increases and not shooting ourselves in the foot. It didn't help that construction jobs basically came to a close across the country, because they are planned months or even years ahead of time and a sudden massive increase like that was just too much. Companies that had been in the industry for decades were suddenly gone, tons of jobs were lost, and we were in the worst position that we could have been for when COVID hit.
ok we got it he’s bad, news are 100% right - what’s the actual alternative here? Covid hit hard, not comparable to what it is rn. Choose wisely, not just follow the headlines
Yea and most people didn’t even know he imposed tariffs they thought covid and then Biden got the blame - I had just bought a 12,000 btu window air conditioner from Walmart for $229.00 and after the tariffs the same unit was $369.00 -
Wasn’t expecting K6 here ahah. I do agree though. He praises himself for being this business man then when tested. It backfires immensely. Hurts the working class the most. Kinda hurts his buddies but they already have millions so it’s not the end of the world for them. Just sucks 🫤
Over half of America thought a failed businessman can solve the problems but they are about to find out that he’s about to exacerbate their problems by a major factor
Better option than the puppet that wouldn't take interviews, flip-flop on everything, and lie about the border. I am not the biggest Trump fan, but I'll take his economic, social, immigration, and foreign policy over Biden's and Kamala's any day of the week.
@@jacobjones1457agreed , trump only one because the Democrats decided to absolutely abandon there base of supporters (and made a bad campaign) to the point that a unpopular president who is hated by his former coworkers , who ran an absolute terrible campaign, an had only 2 policies that both will decimate the is economy , won.
Better than a 60 year career politician that has no idea about anything except getting re-elected and thinks taxes and regulation are great. Biden is also a racist, sexist, corrupt politician that showed with his 13 year old daughter.
He in fact does not think china pays the tariffs he thinks china will figuratively pay the tariffs by loosing manufacturing when it comes back to the United States. Think with the tiny little pea brain you have.
@@jayantrana7389 and also Bidens administration has openly said they were planning on keeping trumps tariffs and possibly adding more. Please read something official for once.
@@Kevin-xk3me Bill Ackman , Peter Thiel, owners of Johnson & Johnson, John Lieteud owner of Jimmy Johns, this guy Geoffrey Palmer who owns 11,000 rentals in LA so he can keep people poor and rent, Home Depot owner Bernard Marcus, Casino magnate Steve Wynn to name a few.
@@hamelconsultancyllc How do you figure? If rich people have more money and buy more stuff wouldn't they pay more of the tariffs and therefore their "fair-share"?
I'm an armchair economist. My idea would be a 2 step 6 year VAT. Each year for 6 years the VAT increases by 3%. The 1% would have no exemptions raising $280B a year. The second step would be 2% with exemptions for a VAT credit for " all US taxes paid". Property and use,corporate and payroll with a percentage attributed to health care and vested retirement. Of the total raised each year 2/3 would to general fund and 1/3 to augment the federal income tax. Make the standard deduction $75,000 and a flat rate of 25% to $600k and 30% above that. Also make ALL income earned with no exception, subject to state,federal and payroll taxes. If married the deduction would be $150k , about 80% of the population wouldn't pay federal income tax. Just a rough draft.
This article doesn’t cover hardly any of this aspect: yes, trade policy on the US side has been very quiet… But it definitely hasn’t on our products to other countries. There is a distinct imbalance for many countries selling to us, vs us selling to them. So yes, it’s a game of chicken, but one we ultimately have the leverage on.
@@ozmer Developing heavy industry and being thousands of miles away from conflict are why US a global superpower. It would most probably still happen, albeit slower. Also keep in mind there were half a million American casualties in WW2. Not sure why you think tariffs helped in the long term when the data suggest otherwise.
The biggest lesson I learned in 2023 about the stock market is that nobody knows what will happen next, so practice some humility and low a strategy with a long-term edge.
Nobody knows anything; You need to create your process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
@@TerrencesSheldons I agree with you. As an early investor in NVDA, AVGO, ANSS, and LRCX, my financial advisor's advice was incredibly helpful. Over the past seven years, she has helped me find stocks that have performed 10x multiple times. With her help, I've grown my portfolio to over a million dollars.
@@BettinaBischof There are many independent advisors to choose from. But I work with MARGARET MOLLI ALVEY and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements.
@NaSaSh1087 Last time Trump utilized tariffs, countries responded with their own tariffs against American made goods. This resulted in Trump having to bail out farmers (costing the taxpayer $28 billion). Trumps tariffs resulted in reduced real income for American workers and negatively impacted America's GDP. The fact that Trump wants to repeat this with increased tariffs on all imported products is madness.
@@NaSaSh1087 Today Trump is trying to say there was 0% inflation all 4 of his year, and 2 of Bidens years (thanks to Trump) Well, here is reality, During Trump the inflation rates were 2.1 / 2.4 / 1.8 / 1.2 (Worldwide shutdowns in manufacturing due to COVID took place) During Biden it is 4.7 / 8.0 / 4.1 / 2.4 (Current) Now Obama saw -0.4 / 1.6 / 3.2 / 2.1 / 1.5 / 1.6 / 0.1 / 1.3 Since 1960, the only 2 years with 0% inflation are 2009 and 2015. COLA adjustments (Social Security and VA benefit raises) are based on the average inflation of Q3 (July + August + September Divided by 3 = next years COLA adjustment) For every year there was a COLA adjustment, it means there was that much inflation last year in Q3. Source: US Inflation calculator: Historical Inflation Rates 1914 - 2024. Go to site to see monthly inflation rates.
@@NaSaSh1087it takes time for the problem to roll out. Why do you think the price of new cars have tripled? Now insurance companies have raised their price on me because it cost too much for them to pay out a claim.
A tariff is a tax on the consumer. That is the lesson my country (New Zealand) learned in the 1970s and 1980s. We had a totally protected economy in the early 1980s when we had the most expensive cars in the world thanks to tariffs to protect our so-called car industry. Now we don't have a car industry, which was not worth saving, but we have very cheap cars. Tariffs also cause economic distortions and inefficiency. US consumers will suffer under Trump's plan.
Hmmmm, traveled to New Zealand yr before last. I noticed all vehicles were way more expensive than here in the states. The hunting guide there really wanted an F150 truck, but said even used ones were over 200k
@@loydmccoy3532 that's because an F150 is not a popular car in Oceania, it will always be expensive here. But for general asian vehicles it is relatively cheap. Covid has messed up the car market here though so it's hard to draw good conclusions anyway. He is right though tariff to protect car industries here is dumb, it might not be a bad idea in the US with it's economy of scale but that's why Biden already went hard on car tariffs, a flat 10-20% tariff of the entire world would be economy shattering.
The Feds has unleashed chaos! every day we encounter novel challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $280,000 savings vanish after putting in so much effort to accumulate them.
True. I first came across investing in the market in 2019. Already stashed about $480k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. Tbh, it's the best investment decision I've made since then.
I think this is something I should do, but I've been stalling for a long time now. Mind if I ask you to recommend this particular coach you using their service?
I work with the popular Rebecca Nassar Dunne. Who happens to be a is a hot topic among financial elitist in The US. Especially for her works during Covid. All the information you need to set up an appointment is on her web page.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
AI stocks are set to dominate in 2024, but I also see potential in Bitcoin as a rising investment. While my preference leans toward NVIDIA, given its strong position to support long-term growth and its role as a critical platform for AI companies, Bitcoin’s continued adoption and resilience make it a compelling option as well. I know someone who has made over 200% from NVIDIA, which reinforces my confidence in it. I'll also consider the other recommendations you shared!
I agree, just because the market presents opportunities doesn't mean we should rush in headfirst. For this reason, we should look for appropriate market analysis or guidance or, alternatively, seek advice from certified market strategists.
Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advisor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.
how idiotic it is to believe and pick a privileged rich dude for a president and not expect him to grant more privileges to his rich buddies in the detriment of the poor/average folk is beyond me...
@ no tariffs do hurt the Americans consumer. Every time the government has ever instituted wide ranging tariffs ok imports the Americans consumer has suffered for it.
Trump put tariff on imported steel, say 60% now: 1. Local American market will have to pay 60% more for the same imported steel they used to buy before. American consumer will have to pay 60% more. 2. Local American market will make domestic steel price ~60% more as a side effect. Same steel that was much cheaper before the tariffs. 3. Americans pay more for everything made of steel 60% more 4. American market COULD make more jobs in US for domestic producers, however regular people won't be able to pay 60% more, and it will end up with layoffs, because American companies won't have same load to manufacture the steel. Who gains from whole this thing: Trumpet Who lose from the whole this thing: consumers and American people that were laid off
I voted for this, this is great, this will bring back jobs to the US, this will make US produce goods again, it will raise our economy, america will be great again
Tariffs are a superior way to fund the Federal Government, but only when we are running trade surpluses. We haven’t run trade surpluses in decades. I’m not a Democrat, but the Democrats are right: China and Mexico aren’t going to pay these tariffs. American consumers are. Tariffs only worked in the distant past because we were the world’s creditor. Now we’re the world’s debtor.
While we are worried about trumps tarrif plans. The market's rise after Trump's win is surprising given the economic uncertainty. While some stocks, like AI-focused ones, look strong long-term, the volatility makes me cautious. Even Bitcoin is seeing a boost, but it's tough to predict where things are heading with inflation and interest rates. Staying cautious but watching for opportunities.
@@Rachadrian I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
Annette Christine Conte is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I mean.... you saw the video right?!? Did you see CNN or MSNBC saying anything about the Biden Admin keeping and INCREASING some of the tariffs?!?!? Just very curious about it...
Personally I don’t understand why anyone would watch mainstream media on either side of the political aisle. They are all so ridiculously biased it’s sickening.
He will, of course, exclude anything imported by one of his companies from the tariffs in order to give himself an unfair advantage in the marketplace. There will also likely be tariff exclusions for companies that pay him a personal 'fee'.
@@abdiganiadenthe best economics is when countries cooperate....that's what make the US superior in trade...but when a country start getting isolationist.....the economy shrinks and you are left with a country with insanely high labour costs
and that's exactly the point. Income tax taxes your capital gains as well. Tariff taxes essentially consumption. So you shift the taxation from the rich to the poor
US manufacturing as well - like my company. We build electronics. Many of our components are global commodities. When he imposed tariffs on Chinese electronic components, prices went up across the board. Same happened with his tariffs on Chinese and Canadian steel and aluminum.
@@raybod1775 Lol you do know the entire world experienced high inflation right? Has absolutely nothing to do with US presidential policy (which has absolutely nothing to do with Federal Reserve policy). 🤦
@@raybod1775 And yeah the other commenter is right. A second Trump term will have a much larger deficit than Harris--that's the consensus among non-partisan economists.
Increasing tax rates are the reason I rolled over my 401k to a Roth. I don’t want to be 59 paying taxes on current income on withdrawals made from my retirement account. I'm now seeking best possible areas or ways to gain wealth in today's economy.
Pre-tax contributions may help reduce income taxes in your pre-retirement years while after-tax contributions may help reduce your income tax burden during retirement.
Both have their perks but you can also save for retirement outside of a retirement plan, such as in an individual investment account or employing the services of a retirement planner/investment advisor.
Private investing is the best way to go about the market right now, especially for near retirees, I've been in touch with a wealth manager, netted 370K the last downturn, made it clear there's more to the markets than we average joes know.
I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "KAREN LYNN CHESS" I've worked with her since the pandemic and highly recommend her. You can check if she meets your criteria.
Plain ignorance. It's actually embarrassing to see. The sad thing is the US is so influential around the world that they don't realize how this affects not only themselves but the whole world. I am not saying Kamala is an angel either but there has to be a better option between the two. Vote third party if you have to but for those who vote Trump don't cry when things don't go the way you expect. Same with Kamala.
You’re also assuming he doesn’t intend to negotiate first and anything is better than just taking a bad deal just for the sake of pretending like you’re the world’s care taker
"Man, this video is a wild ride! Tariffs, trade wars, and all the chaos. Honestly, I've got $167k chilling in my emergency fund, and I’m itching to make it work for me. But where do I even start? Stocks? ETFs? Real estate? Feels like I need a PhD to figure out where this tariff drama fits in. Someone point me to the money trail, lol."
Those guys who said inflation was transitory?? I'm supposed to believe them? And if tariffs are so bad why did Biden announce tariffs, to thundering applause from the MSM, back in May?
@@wpierce34004evereconomists know everything especially since they all run multibillion dollar companies and physically do business all over the globe . oh wait no they don’t
If u were a billionaire and going to be taxes high rates why would u stay in America? You would take your business and factories to another country. Thus end the jobs of many thousands of people. Tax the rich is not the answer. We need rich people to want to stay here. They are the ones who create jobs.
You thought inflation was bad, wait until tariffs and corporate greed kick in! I’m set to start lining my pockets! (And already have!). Thanks red voters! 😉
big surprise. If you use tariffs and remove competition, local production has no incentive to do anything except be 1 penny cheaper than the tariffed product.
What this video ignores & what people don't understand is that the reason costs go up for households due to higher prices even for domestic goods is that corporations are unwilling to let profit dip even a tiny bit by eating slightly higher resource costs, so they pass on those costs to American consumers. They do this to protect shareholders & earnings at all costs, even if it means hurting Americans & potentially moving local jobs overseas. So who is the real enemy, China or corporate leaders?
I just today realized why Trump is so adamant on tariffs. It's because he alone has the power to enact them. He wouldn't have to go through congress or anybody else; he could enact them and say he fixed the economy single-handedly, even as it burns to the ground.
7:11 You overlook the fact that Tariffs can be enacted by DT WITHOUT Congress. The closest thing to Authoritarianism in the US Govt's current structure
Trump's tariff policy may be a scheme for him to collect money behind the scenes from other countries. Almost everything Trump does is a con: Trump sells non-existent Gold Watches without a delivery date for $100,000. Trump sells sneakers without a delivery date for $400.00. Trump lied and continues to lie about the election being stolen scamming his supporters out of more than $250,000,000.
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. She has helped me raise my reserve from $275k to $850k, despite inflation.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Its like Swedish steel. US tarifs made Swedish steel production super efficient. They made up for the gap and are now better than US steel. Tariffs cause unintentional unforseable effects
It's sad how difficult things have become in the present generation. I was wondering how to utilize some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
People often overlook the value of financial advisors until they experience the downside of emotional decision-making. I recall a few summers ago, after a difficult divorce, when I needed help reviving my struggling business. I did some research and found a licensed advisor who worked diligently to grow my reserves, even amid inflation. As a result, my reserves grew from $285k to around $720k.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
“ Sophia Maurine Lanting is the coach that guides me, She has years of financial market experience, you can use something else but for me her strategy works hence my result. She provides entry and exit point for the securities I focus on.
Domestic producers have the dominant market share in some industries. It'd be quite sad if a country were to completely depend on imports, as it'd mean other countries would have the reins. Especially dependence on Agriculture, which the United States doesn't have a problem with.
It's especially frustrating because it already happened during his first term. I've been trying to get people to watch news coverage of 'Mid Continent Nail' facing layoffs in 2018 due to Trump's tariffs.
A problem I see is this. Let's say it costs $1.00 to produce a drier in the US and $0.50 to make it in China. The only way, really, to make an American buy an American washer is to make the Chinese counterpart to cost $1.10. You increase the price of the Chinese drier, but these aren't going to be made in the USA until they cost $1.10. Meanwhile, we're also slapping tarifs on Chinese (and Canadian) aluminum. I have to wonder if the best thing for America would be for us to be under Republican rule for the next 10 years and be in a recession for the while time. Apparently January 6 wasn't enough of a punch in the face. Only pain will get us to make the changes in attitude we need to make.
If tariffs are generally harmful, why is Trump so focus on them? Because he doesn't understand economics. Trump doesn't seem a resourceful and innovative person to me.
Tariffs are not actually harmful at all, that's why he's focusing on them, he understand economics better than you do, Trump is a resourceful and innovative person
The US has the purchasing power. We outside the US will have no choice but to negotiate some kind of trade deal and make concessions to the US to drop the tariffs.
I loved this explainer. As an MBA, I know the theory, but it's nice to see it so well illustrated. The WSJ should publicize this more and offer the explanation in an entertaining short presentation for TV and print media.
Exactly. I don’t get why people fall for videos like this. The entire point is to give a boom to American industry not foreign. Yes perhaps there will be fewer options for various items but it will ensure those items are American.
“Economists hate tariffs” - yeah, no kidding! I’ve been scraping and saving, finally stashing $223k in my emergency fund, ready to dive into the investing world, and THIS is what’s happening? Great. Just great. Nothing like some good ol’ tariffs to mess with the markets. Any advice on where a newbie should start, or am I supposed to guess which sectors won’t get crushed by this circus? Asking for a financially curious friend… which is me, by the way.
The first washer/dryer I bought when I bought my first house was about $1,200 for the pair for the top of the line model. Now a single washer which is pretty much the same costs $1,200 for a single appliance!!
@@ArawnOfAnnwn Because no Chinese EVs are being sold in America, no money and tax is being spent domestically, so Biden's tariffs ensure none of them will be sold in the future too. Do you know the difference?
yup. It'll take time for factories and infrastructure to assemble. Another viral video explaining tariffs used agriculture as an example. Making foreign crops more expensive doesn't magically make domestic farms grow more.
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
Im watch this. UE has tarrifs as well. Basic logic explains you can’t compete with China especially their gov donates some industries. You need major part of manufacturing inside country
@@kamil3409 Having Tarrifs as your main economic plan won't work out, especially for the US. It's how we got here in the first place, people were complaining about gas prices the MOMENT JBiden got in office but fail to realize what it took the get there. This is the same reason why the first half of DJTrump's run was decent, he had the success of 8 years worth of constant growth from the previous president.
@@actuallyjustbored Can you explain why the media doesn’t complain about that fact that Biden kept most of Trumps tariffs? No… of course not. Trump tariffs bad. Biden tariffs good.
The only way to fix the huge US debt problem is to raise taxes! However, they know that will never fly with the voters politically. Tariffs are a way to raise taxes on every US Citizen and blame it on someone else! Either way, every citizen will pay more for everything! Of course it screws the poor the most which is how it's always been. It has no affect on the 1%! They will be just fine.
![ลองสุ่มไอโฟน 990 โกงมั้ย? [ โกงมั้ยครับ ep.101 ] | DOM](http://i.ytimg.com/vi/bfsWe0j492k/mqdefault.jpg)
A second Trump presidency stands to radically remake world trade: on.wsj.com/4f88Up3
Exactly what we need. President Trump is the man to do it. Proven by what he got done in his first term, even with the CoeVldz can't wait till his second term. USA. ❤
Thanks, WSJ for pointing out that Trump is the man that can do it, and how little most people understand the long plan and big picture when it comes to tariffs. This is the best time to be alive and get to witness a nation getting back on track and becoming more successful and secure.
And not, you should probably explain without the link, in a good way.
In 2016 the people voted “NO!“ to the Washington establishment and in 2020 the media fooled more of us into believing Trump was a 🤡. However after incompetent leadership from this current administration, Americans have had enough, we NEED Trump back in office to MAGA and keep the world safe from dangerous people like the fake news and corrupt press, as well as enemies abroad that wish to harm us…..
You mean destroy world trade and the US economy in the process, all on the backs of American workers, who are going to be the ones having to pay much higher prices for pretty much everything.
Beware politicians peddling simplistic solutions to complex problems.
D.J. Chump is the most corrupt, treasonous, compromised President
in the history of the United States!
“Nobody knew healthcare could be so complicated” 🤦♂️🤦♂️🤦♂️
This comment! I can’t agree more!
Beware economists peddling complex solutions to simplify problems, for example, a mathematical model for pricing CDS
Like D Trump?
"For every complex problem, there's a solution that is simple, neat, and wrong."
_H.L. Mencken_
"I was born in a middle class family.....our neighbours loved their lawns"
K.D. Harris
Yeehar,
Maga
E=MC^2. Complex problem. Simple, elegant solution.
All solutions are simple once you find them.
@@SiLoMixMasteryes, middle class people have lawns. What's your point?
@@JamesStripling you've proven the very point you sought to disprove. "E=mc^2" is incomplete as it doesn't factor in the relativistic energy of objects with nonzero momentum.
Trump said "China paid the tariffs", but in reality, American consumers paid. That's thinking about hurting China first, not benefiting Americans first. In the end, who lost the trade war?
@@michaelb6529 Trump paid billions of $ in subsidies to Iowa soybean farmers, to help (some) of them from going bankrupt. Would you say the US then "paid" for the Chinese soybeans tariffs, even though the soybeans weren't even exported, just left rotting in giant piles around Iowa ?
@@michaelb6529what part of China giving Chinese companies more money = money to the American government or people?
@@michaelb6529That's an investment. Not paying for other countries
@@mtzzerowith CCP subsidy, Chinese company lowers price enough to cancel out tariff in order to keep the old price and market share. So CCP pays tariff. That's how Uncle Sam gets paid.
@@slomo4672 So basically Chinese companies make their prodacts even shittier to offset the cost and Americans pay full price for an inferior product. And you are ok with that?
I have a major problems getting behind an economic plan proposed by someone who was able to bankrupt a casino.
the clods who voted for him don't even know howto spell casino.
@@sylvesterhughesiii2248they voted fascism. Don't let them forget.
Sounds like coming from somebody that hasn’t been in business.
@@pitchblacknext So America has 75 million fascists you are saying?
@@pitchblacknext Please keep saying this. It's helping! :)
WHY DON'T PEOPLE KNOW HOW TARRIFS WORK. I'm here in Argentina, and you want to know how much a bottle of imported shampoo generally costs? $20-$30. And some items don't have many competitors, so the Argentian products get away with ALSO increasing their prices, because it will still be cheaper than the imported option, and it causes a domino effect with increased prices. Tarrifs are a nightmare for regular people
Bingo
Crazy the democrat administration didn’t take away the tariffs Trump implemented. They say you can’t drop the tariffs easy which is a funny funny argument.
Legal Eagle channel has a video: "The Most Important Election Of Our Lifetimes". This video has comments from Hungary, China, Kenya etc. They are all saying that you have to preserve the democracy.
Oh look, the reason why your bottle of shampoo costs so much. Not really the tarriffs on them, but virtually no competition to drive cost down. Let's also not forget that Argentina has abismal inflation.
@@JoseLozano-ok8dq It's also because no country can produce everything efficiently. The USA is the largest importer in the entire world.
I work for one of the nation’s largest steel importers and distributors. When Trump imposed the tariffs on steel we kept buying the Chinese steel (because that’s what our customers wanted) and took that opportunity to massively jack up our prices on American steel to MATCH the now inflated price of imported steel. All our competitors did the EXACT SAME thing. Our customers had no choice but to now pay this premium costing American consumers billions of dollars extra annually and as a result helping send the country into economic inflation due to everything costing more. Edit: Industrial customers who buy steel for manufacturing can’t simply switch over to a different steel due to the elemental properties of said metals. Each “type” of steel, even though categorized as “the same” have slightly different properties that throw off a factory’s setting and require all new testing and production line recalibration. You can’t just STOP buying one type of steel and switch to another. That’s why our customers demanded we keep selling them the Chinese steel they had been using before the tariffs. These tariffs HURT American industry and we handed that hurt down to the customer’s pocketbooks.
I think I get your point, but if the informed industrial customers KNOW that they want Chinese steel, then, such customers won't buy American steel, at ANY price, because the informed industrial customers know that American steel is not the "stuff" that they want. That being the case, why raise the price of American steel, to match the "tariffed" price of imported Chinese steel? It sounds like someone in the industrial "pricing loop" is a bit balmy between the ears. Either that, or all the Steel Importers decided to opportunistically "price gouge" the American steel consumers. I am not in favor of the practice of government-enforced Price Controls, but maybe importers should be required to formally file and list THE REASON as to why they suddenly decide to raise the price of a commodity?
@@JohnBerry-q1h Three things:
1) For whatever reason your account came back as a dis-information bot account when I checked. No biggie - I just found that odd. If it isn't, it isn't. Moving on.
2) You must not have read the second half of my comment where I go into detail as to EXACTLY why they couldn't "just simply change" from Chinese steel to American steel. It had nothing to do with price or country of origin.
3) It's Capitalism. We and all our competitors saw this as the PERFECT time to raise our prices just a bit due to (make more profit) due to the tariffed increase of the Chinese steel. You ALWAYS increase your price as much as you can if the customer has no choice. That's just smart business. This is what tariffs DO in an open business model. That's how all competitors react when a tariff is forced onto a competitor throughout history. Our case was NO different. This is WHY you don't impose tariffs in a MODERN economy. Tariffs are imposed by people who don't know anything about economics.
You would think that a graduate of the Wharton School of Business would notice the after-effects of placing a tariff on imported Chinese steel, especially when such a tariff leads immediately to higher inflation within the USA. At the very least, you would think that Trump's friend, Larry Kudlow, would clue Trump in.
@@NorthernChev Thank you for your Reply! The "inside baseball" details of macro-economics can be fascinating. While I have your attention, can you tell me more about the *disinformation bot* notice that you received? I tell you honestly, I have no agenda, and no axe to grind regarding any group. If some entity is secretly labeling me as a *disinformation bot,* then I would say that the secret entity is the TRUE disinformation bot.
@@JohnBerry-q1h How many accounts do you run at one time? Just you personally.
Economists hate it because they are not stupid
That's the dumbest response ever.
it will invite companies to move to the US and produce there, to avoid tariffs
@@RR-et6zpplease give some examples of it rather than just passing the cost onto the consumer
@@dennisw8026 Trump overall better for US economy
if tariffs worked everyone would've done it already
America cant complain about anything , Americans voted for this .
The trump voters only
Only those too incognizant to understand the logical consequences.
@@xoseanaxo5538well he is still your problem anyhow
@@jpjovs1786 I'm in California, he's not our problem, thank god.
I voted against Trump 3 times!!! But we get exactly what you're saying
It's ironic that Trump pushes for tariffs on China to 'protect American jobs,' yet many of his own campaign products are made in China. If he truly wanted to support American workers, shouldn't he lead by example and source locally? This feels more like a double standard than a real solution.
@@PrivacyZone 3 week old govbot.
@@Censortubes even his leather Bibles are printed in China. So what are you trying to say?
@@CensortubesMAGA's hats are all made in China, poor MAGA😂
Typical! All what he does he steer the pot. A selfish ignorant sub human! I blame the fools that do follow such crook. He is ruining the life of every human by his ill contempt.
@@AlphaGeekgirl that you are also a ccp bot?
This video does not cover the fact that Trump does not understand how tariffs work. Trump had claimed that tariffs don't raise the price on goods. Trump had suggested a 200% tariff on an American company that moved manufacturing out of the US.
More videos need to highlight just how staggeringly stupid he is. Those of us outside of his cult catch him making constant mistakes, like thinking "immigrants seeking asylum" meant "crazy immigrants coming to the US for our mental asylums". He had no clue whatsoever what political asylum is and every time he talked about it he came across as dumber than your average 14 year old. But because his entire base is exactly like that, they have no idea just how ridiculously dumb he is. The only way to get them to see it is to call him out for it where they can see it.
Can’t you use your brain for once??? That’s the whole point of trumps tariff plan. Tarrifs 200%, so high that it becomes unaffordable by the masses. Therefore the company selling it doesn’t make any money and will move into the US to avoid the tarriffs and as a reward it will receive a tax cut of 15% as well………
@@NiteSaiyawhile calling Trump stupid you exposed yourself for being stupid.
You believed a video of misinformation.
Trumps real tariff plan is to use a tariff so high 100-200% so that nobody will buy that product, as result the company makes no money and is desperate to re-enter the American market by moving into America, because of that they no longer have to pay the tariff, they receive a tax cut to 15% and in the end the product is made in America.
I would take Trump and his economic advisors over Kamala and hers!! Kamala knows NOTHING about economics!!
@@NiteSaiya Not only that, but immigrants also contribute to the US job markets and pay taxes. I live in beautiful MN, and I can tell you that there are more jobs available here than people. Walz has provided us with a great economy for years, and there is new modern construction all over this state.
Trust a repeatedly bankrupt businessman? Only angry voters who don't understand economics would want this clown running things!!
🤡🙄
dude, it will invite companies to move to the US and produce there, to avoid tariffs
@@RR-et6zp And be saddled with the expensive cost of US manufacturing? They stayed out for a reason.
@@RR-et6zp being invited doesn't mean they'll accept the invitation.
@@RR-et6zpvery naive of you
I better not hear a single maga fan complaining about inflation in these next four years
Problem is you forget that despite tariffs inflation was low during his first term and tariffs brought 80 billion. Some industries did suffer but he supplemented them with tax cuts and subsidies.
Tariffs may or may not work, but Democrats were hopeless assuming spending on unwinnable wars and illegal immigrants will somehow cause inflation to come down.
@@amrgg3272 98% of the income collected from tariffs under Trump was paid back to farmers as price loss protection from retaliatory tariffs. Tariffs are not good for the economy, they increase trade deficits, and will likely lead to major corrections (recession, depression). Can't wait to see a second Trump term. He's been given the strongest economy in the world post-covid, and inflation rate that is back around 2.1%.
@@amrgg3272but inflation have quite literally went down every single year under biden-Harris. Trump is getting handed a great economy again LOL.not mention him wanting a mass deportation of illegal immigrants will cause a recession and a depression.
They will, and just find a way to blame democrats for it, like the comment above mine. There has always been more jobs and economy has always been stronger during a democrat presidency. This is all historically recorded as proof, but they never want to acknowledge it
@amrgg3272 'Unwinnable wars' oh yes, you really know what you're talking about. It's not that if Biden and the US helped more, Ukraine could have succeeded in its counteroffensive, and the war could have been over?
He doesn’t have a tariff plan. He’s been asked at least two dozen times in various interviews what his tariff plan is, and he has never once answered the question.
But he might have a concept of a plan.
He knows many plans. Many people are saying he has the best plans ✋🤚.
he doesn't have a concept of a concept
@@jaykay5580 lol, best comment
Ah Kamala must be a fluent clear concise speaker that actually can answer ONE question in your opinion then. Because she isnt, and can't. She literally has trouble memorizing the lines they feed her.
@@stripedpants1668 I have the BIGGLIEST plans, ... concepts for plans ... nobody EVER had such BIGGLY plans ...
(plays air-accordion)
Trump: I will fix inflation
Also Trump: proposes a tariff which will cause massive inflation
The thing is US outsource its inflation for printing the dollar through the petrodollar system. If there is a tariff war, other countries might actually use other currencies. The outcome would not be the massive inflation but the collapse of the petrodollar system.
I rather have job then cheap good.
@@santipheapkyable Cheap goods is the reason you have jobs.
Also trump: ran the country 10x better than any candidate now.
@@TemplarX2 ppl talk about that kind of thing, esp with BRICS and all that - but the cold hard fact is that there isnt another currency with the liquidity and stability to do it.
The dollar is safe as international exchange currency, come what may.
A major cause of the Great Depression in the 1930s was tariffs. Nobody wins trade wars,
THe british won. They were the importers and we were the exporters.
Maybe not cause, but certainly it exacerbated and lengthened the depression.
And BOTH administrations are keeping them.
It was the New Deal.
@@barryraymond9004no, everybody lost lol.
These tariffs are a terrible idea, but people voted for this guy anyway. That decision will come back to haunt them. I mean you handed the keys to the guy who created all these economic problems in the first place
Local food is better than foreign food. Focusing on increasing the economic strength and integrity of American grown food brings more stability to the market for Americans everywhere
@@nigeriansareamazing5555sure bud 👍
compared to the alternative the people still chose him. what's that say about his competition
Most of them have no idea how tariff work. They think China will pay the tariffs and Americans won't see any differences on prices for themselves, and that it will just magically create a ton of American jobs out of thin air.
@@nigeriansareamazing5555 Have you seen the price on American grown coffee? We don't have the climate to grow it in high quantities, and what little we do produce is very expensive. Same with things like chocolate, bananas, and avocados. Not to mention tons of foods have palm oil, which we cannot make at all. Then there are things like rice, which we do produce, but if we replace all the foreign rice with American is it enough to feed everyone? It's not as simple as "buy local" because we really cannot just replace everything people buy with a local alternative. You giving up coffee? Well soon you many not have a choice anyway. Enjoy living off potatoes and beans or whatever. Food prices are gonna skyrocket and you won't have much of a choice.
I love how the American poor rush to elect leaders who promote more poverty for them.
What happens when the rich trick the poor.
sadly, they are gullible and uninformed. that's why you have orange conjobs like don ready to pounce what is left of their hard earned cash.
This isn't a strictly American phenomenon. At all. Actually, it's a theme that has been repeated throughout time and in many different countries.
@@rickai9945 more like STUPID!
Thus democrats
It's actually insane we have a candidate whose only economic policy is tarrifs, and he genuinely has no idea what a tarrif even is
Biden actually expanded Trumps tariffs. So… Trump tariffs bad? Biden tariffs good?
Kamala on the other hand is going to propose 52 trillion on taxes “to the rich” that will directly impact the average American. I guess it’s to the point of pick your poison.
What is it? Please explain. Also tell your job position? Just carious on the last question?
I agree. And I'm voting for Trump. He actually has passed many regulation reductions and cut taxes. But imposing tariffs is an absolutely foolish plan.
@@jackkelly6251 You win the award for least informed voter…
you guys totally blew it when you didn't even mention how china retaliated by not buying us grain . thousands of us farmers went bankrupt because they lost the chinese market. this kind of thing will happen all over the world .
.... exactly. Soybeans!!! China retaliated and it was American farmers that paid a huge price. Unfortunately many support trump even though they are the ones that got really hurt.
i searched this; China actually increased grain purchasing
@@stephn7374 Then why were the farmers getting government subsidies due to not being able to sell their grain? It may have rebounded but China did go elsewhere for grain during Trumps tariff game.
@@stephn7374 now you're just lying
@@stephn7374 Trump had to bail out the farmers with billions of dollars after the tariffs were imposed on China. When Biden came into office, he reneged on an agreement with China that if Trump's tariffs are eliminated, China would buy huge quantities of US agricultural products. So now, China is sourcing most of their agricultural imports from BRICS countries at even lower prices.
Hahahah, he's president now, shows that half of the americans dont read anything other than the headlines
They don't
It’s amazing how they don’t have any good option for their presidency. Truly an Empire in decline
I doubt they even read headlines lol
The WSJ comment pinned on this video links to an article with a negative view of Trump’s tariff plan but the title sounds like it’s a positive view and everyone’s eating it up in here 😭😂 so true
They don’t care. They voted for him because of all the things he’s AGAINST. Not what he’s for. Even if they will be collateral damage.
Kinda crazy how people don’t realize a tariff plan will be terrible for the American people. We import too many products, especially from China… this will also allow American companies to up their prices, greed seems to always win.
You don't seem to understand geopolitics, it's not about the short term inflation but about China; China is by far the biggest treat for the US and for the West, and you libs don't seem to understand...
not to mention American love for cheap goods
China doesn’t pay the right amount of tariffs for their exports. Look at Temu lol
Lol you got brainwashed by Wall Street into thinking tariffs are greedy.
He's not talking about adding tariffs to all goods or even small businesses. And leave it to the WSJ to not mention/understand the free market. They left out good ol' supply and demand. Do you really think if washers cost $5000 that people will continue to buy them? No they wouldn't. So without the demand for goods at higher prices, prices would drop until the market dictates they are of value. The washer companies could not sell washers to keep their doors open until they can find a way to sell it cheaper. This also leads to competition between manufacturers which is also better for the consumer. That is a balanced market. Tariffs are creating jobs and income for the country. Those jobs then help support families and stabilize communities.
I’ve always appreciated the line “Tariffs are you doing to yourself in peacetime what your opponents will attempt to do to you in wartime.”
Mind blown
That’s a great quote
I see a list of winner countries if I search for countries with highest tariffs.
Can you tell me which country that put tarrif on US goods and is it bad for them?
@@kelvindoang1228 Let us know which countries have the highest tariffs. They must be winners according to your logic.
1.5 billion for 1.5k jobs is unbelievable.
might aswell credit 1 million dollars each in the bank accounts of those 1.5k jobless people, but US capitalism is to create 1 billionare and 1499 minimum wage tax paying working class consumers
That's exactly the consequence of imposing tarrifs.
This is the math people should focus on. Tariffs are imprecise, inefficient, and inflationary. A very blunt tool that causes harm in many directions, including ourselves. In a global economy, tariffs have to stay in the trash bin of history.
@@amolbhatki5278 Ah, kind of like when China was running the price of tires down so they could put run American businesses under so Obama imposed tariffs so it didn't happen?
@@amolbhatki5278 wsj is as usual using a half truth to push a narrative. tariffs allow domestic corporations to compete and they have long term benefits if you don't just look at a couple companies and find some anti trump economists to demean them. there's a reason the media didn't criticize biden nearly as much, if at all, when he imposed tariffs on chinese EV and solar cells (which is a good thing).
at the end of the day the media is controlled by the democrats, and they want you broke and dependent on handouts.
All those Trump supporters saying the economy was important to them, and then showing they don't understand anything about the economy.
And you do, since you wanted the Hyena to win ?
@@Ixiah27At least she is not a moron like your Trump who uses tarrif as a weapon. I hope you enjoy the next four years with much higher prices.
@@Ixiah27 Please explain how his economic plan would work.
@Ixiah27 happy to see MAGA have learned how to engage in productive dialog and utilize their critical thinking skills... oh, nevermind.
@@joeyappley202
First, im from Poland, second you cant offer anything but platidudes but think you are better and third, are you so blind that you dont care about who his opponent was ?
As someone that lives in a country that used to be protectionist using import tariffs, our economics will say, in any day of the week, that protectionism in a globalized economy is the fastest way to shrink your own economy and make progress to stagnate quickly.
What country are you from?
Typical elitest mentality. The Chinese subsidize their industries to purposely destroy our industries. But the elitest do not care about American jobs. Economist that has never built a business know more than a man that has built a billion-dollar empire!!! Typical elite arrogance!
It is true if, and only if, said protectionist country is a weak country with nothing much to offer the global economy.
Otherwise, like Saudi Arabia, or China (which is highly protectionist, both now and in the past), or those European nations during colonial era, if you have powerful military and immense economy (plus highly sought after produces/commodities), protectionism is one tool to protect your competitive advantage.
Imagine if ancient/medieval China had free market and allow anyone to just copy their pottery making technique (those chinaware and fine porcelain), or allow foreigners to freely obtain/buy silkworm and tea sapling. That would be absolutely ruinous and idiotic policy, just like how Britain quickly lose massive competitive advantages during Industrial Revolution (from 1830s onward, especially after 1850s) by allowing their companies to export cutting edge machinery abroad.
As a rule of thumb:
If you are a weak (and rather small) country, your best bet is to open your economy and market, so you could become an international trade hub.
If you are a powerful country, with certain competitive advantages over your rivals, you should really safeguard that competitive advantages with all your might. You should actually leverage you military and economic power to gain even more advantage over your rivals.
In this case, American free trade push in the 1990s and 2000s was IMO a *major blunder.* America should've acted like ancient China (which enjoy many centuries of competitive advantage), not colonial British Empire (which position taken by US, due to UK's own blunders).
That being said, I'm not American, and I (as well as my country) greatly benefited from American sponsored free trade. So I/we wish they would continue this policy, but if I were American citizen, I would totally REJECT the notion of "free trade".
@@ihl0700677525 I would kindly disagree with that statement. Even though you seem very well-informed, and I do believe it to be true in some cases, however it does (in my opinion) seem much more complex.
Protectionism (alongside isolationism) broke Spain down economically so bad under Franco, that he had to hand over the economy to technocrats who opened up the country, thus resulting in the famous economical boom. Spain was a pretty large country at this point, and Franco was a general reinstated through a military coup d'etat
Furthermore, much of China's greorh comes from strategic openness and foreign investment, not just protectionism (accession to WTO, etc)
I would also argue, that the Smoot-Hawley act of 1930 worsening the Great Depression is a pretty good example of protectionism going wrong in a large militarised country.
Lastly, international and intercontinental agreements can lead to more productive and stable national and international relations. The EU as well as NAFTA could be examples here, and the antithesis could be the international friction during the U.S.-Vhina trade war as well as polarization in Argentina including right now under Milei (even though I acknowledge that this country is smaller and not nearly as wealthy as the previous examples).
In general, most historical and economic evidence does suggest that protectionism leads to a long-term hindrance in growth and innovation as well as (obviously) international cooperation and although there are of course exceptions, I do not believe it's as simple as the size of the country and military nor solely dependent on the economy before protectionism is initiated
@@lemiphil2388brazil i guess
I work in the manufacturing industry and those 2018 tariffs radically changed the entire market. We had to be so incredibly careful about price increases and not shooting ourselves in the foot. It didn't help that construction jobs basically came to a close across the country, because they are planned months or even years ahead of time and a sudden massive increase like that was just too much. Companies that had been in the industry for decades were suddenly gone, tons of jobs were lost, and we were in the worst position that we could have been for when COVID hit.
ok we got it he’s bad, news are 100% right - what’s the actual alternative here? Covid hit hard, not comparable to what it is rn. Choose wisely, not just follow the headlines
Yea and most people didn’t even know he imposed tariffs they thought covid and then Biden got the blame - I had just bought a 12,000 btu window air conditioner from Walmart for $229.00 and after the tariffs the same unit was $369.00 -
We were in an amazing position, which was all ruined by the Biden admin
It’s almost like Trump isn’t actually that smart of a businessman. Who could have predicted that?
L
🤲
Wasn’t expecting K6 here ahah. I do agree though. He praises himself for being this business man then when tested. It backfires immensely. Hurts the working class the most. Kinda hurts his buddies but they already have millions so it’s not the end of the world for them.
Just sucks 🫤
Or perhaps they're actively trying to destroy the United States? Why don't people see that?
my fear is all those who graduated from Trump University will be working in Trump’s Administration. we are so doomed!!!😂
Over half of America thought a failed businessman can solve the problems but they are about to find out that he’s about to exacerbate their problems by a major factor
Better option than the puppet that wouldn't take interviews, flip-flop on everything, and lie about the border. I am not the biggest Trump fan, but I'll take his economic, social, immigration, and foreign policy over Biden's and Kamala's any day of the week.
Nowhere near over half, you have to account for the majority of the population not voting
@@jacobjones1457agreed , trump only one because the Democrats decided to absolutely abandon there base of supporters (and made a bad campaign) to the point that a unpopular president who is hated by his former coworkers , who ran an absolute terrible campaign, an had only 2 policies that both will decimate the is economy , won.
Better than a 60 year career politician that has no idea about anything except getting re-elected and thinks taxes and regulation are great. Biden is also a racist, sexist, corrupt politician that showed with his 13 year old daughter.
Trump doesn’t know what a tariff is which is absolutely insane for a former president. He actually thinks China pays the tariff.
Actually businesses are moving out of china because both him and his successor have implemented t@riffs on china. It also started re-sh0ring.
He in fact does not think china pays the tariffs he thinks china will figuratively pay the tariffs by loosing manufacturing when it comes back to the United States. Think with the tiny little pea brain you have.
@@loganosborne164 well the opposite is happening china is loosing nothing 😂 but the us has lost the trade war
@@jayantrana7389 you do realize you have to make changes and then wait to see results!? This is not the sims where you can fast forward
@@jayantrana7389 and also Bidens administration has openly said they were planning on keeping trumps tariffs and possibly adding more. Please read something official for once.
Everyone I know thinks this is a terrible idea.
well what they dont know is that it will invite companies to move to the US and produce there, to avoid tariffs
@@RR-et6zp no it will not compensate for that. Or didn't you watch the video?
Removing tariffs decimated the U.S. middle class, the rich kept the money.
@@RR-et6zpAmerica has a 4% unemployment and Trump wants to deport 20 million people. Where are those manufacturing jobs going to come from?
D.J. Chump is the most corrupt, treasonous, compromised President
in the history of the United States!
This policy means middle class Americans will pay for the rich to get richer.
hence why the billionaires are unabashedly coming out in full support for Trump.
@@WiseOnionname someone besides Elon
@@Kevin-xk3me Bill Ackman , Peter Thiel, owners of Johnson & Johnson, John Lieteud owner of Jimmy Johns, this guy Geoffrey Palmer who owns 11,000 rentals in LA so he can keep people poor and rent, Home Depot owner Bernard Marcus, Casino magnate Steve Wynn to name a few.
@@WiseOnion Ok, now demonstrate how a billionaire supporting Trump inherently means that ulterioring things are occuring.
@@Kevin-xk3me you do your own research and critical thinking you tool.
The average American would rather pay 10 bucks for something than 5 bucks and 1 dollar in tax.
Average American would rather pay 10 bucks for something made in America which raised their economy and salary so they can easily afford it now
It wouldn't even be 1 dollar in tax in some places in the usa
I could have answered that in two seconds:
Because it’s stupid and will cost the poorest in the US the most.
No more income taxes but everything you buy has a giant tax (tariff) on it. Great stuff 👍
D.J. Chump is the most corrupt, treasonous, compromised President
in the history of the United States!
Hurts the poor the most, the rich love it, helps them a ton.
The tariffs are selective. They only apply to imports
@@thor.mukbangliterally us import all major things
@@hamelconsultancyllc How do you figure? If rich people have more money and buy more stuff wouldn't they pay more of the tariffs and therefore their "fair-share"?
Two repeatedly occurring events in the world with no winners: war, and tariffs.
Except both are literally how the US became a global superpower.
I'm an armchair economist. My idea would be a 2 step 6 year VAT. Each year for 6 years the VAT increases by 3%. The 1% would have no exemptions raising $280B a year. The second step would be 2% with exemptions for a VAT credit for " all US taxes paid". Property and use,corporate and payroll with a percentage attributed to health care and vested retirement. Of the total raised each year 2/3 would to general fund and 1/3 to augment the federal income tax. Make the standard deduction $75,000 and a flat rate of 25% to $600k and 30% above that. Also make ALL income earned with no exception, subject to state,federal and payroll taxes. If married the deduction would be $150k , about 80% of the population wouldn't pay federal income tax. Just a rough draft.
This article doesn’t cover hardly any of this aspect: yes, trade policy on the US side has been very quiet…
But it definitely hasn’t on our products to other countries. There is a distinct imbalance for many countries selling to us, vs us selling to them.
So yes, it’s a game of chicken, but one we ultimately have the leverage on.
@@ozmer Developing heavy industry and being thousands of miles away from conflict are why US a global superpower. It would most probably still happen, albeit slower. Also keep in mind there were half a million American casualties in WW2.
Not sure why you think tariffs helped in the long term when the data suggest otherwise.
Tariffs always win, always
The biggest lesson I learned in 2023 about the stock market is that nobody knows what will happen next, so practice some humility and low a strategy with a long-term edge.
Nobody knows anything; You need to create your process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
@@TerrencesSheldons I agree with you. As an early investor in NVDA, AVGO, ANSS, and LRCX, my financial advisor's advice was incredibly helpful. Over the past seven years, she has helped me find stocks that have performed 10x multiple times. With her help, I've grown my portfolio to over a million dollars.
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@@BettinaBischof There are many independent advisors to choose from. But I work with MARGARET MOLLI ALVEY and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements.
@@JoeWilmoth-k2w I just ran an online search on her name and came across her website; pretty well educated. thank you for sharing.
Tariffs are a two-way street. If you put tariffs on our goods, why shouldn't we put tariffs on your goods? If you vote Trump, enjoy your inflation.
I mean he already was there once and there was no significant inflation in that period of time.
@NaSaSh1087 Last time Trump utilized tariffs, countries responded with their own tariffs against American made goods. This resulted in Trump having to bail out farmers (costing the taxpayer $28 billion). Trumps tariffs resulted in reduced real income for American workers and negatively impacted America's GDP. The fact that Trump wants to repeat this with increased tariffs on all imported products is madness.
@@NaSaSh1087 Today Trump is trying to say there was 0% inflation all 4 of his year, and 2 of Bidens years (thanks to Trump)
Well, here is reality, During Trump the inflation rates were 2.1 / 2.4 / 1.8 / 1.2 (Worldwide shutdowns in manufacturing due to COVID took place)
During Biden it is 4.7 / 8.0 / 4.1 / 2.4 (Current)
Now Obama saw -0.4 / 1.6 / 3.2 / 2.1 / 1.5 / 1.6 / 0.1 / 1.3
Since 1960, the only 2 years with 0% inflation are 2009 and 2015. COLA adjustments (Social Security and VA benefit raises) are based on the average inflation of Q3 (July + August + September Divided by 3 = next years COLA adjustment) For every year there was a COLA adjustment, it means there was that much inflation last year in Q3.
Source: US Inflation calculator: Historical Inflation Rates 1914 - 2024. Go to site to see monthly inflation rates.
@@NaSaSh1087it takes time for the problem to roll out. Why do you think the price of new cars have tripled? Now insurance companies have raised their price on me because it cost too much for them to pay out a claim.
@@NaSaSh1087 Not true, many products went up.
A tariff is a tax on the consumer. That is the lesson my country (New Zealand) learned in the 1970s and 1980s. We had a totally protected economy in the early 1980s when we had the most expensive cars in the world thanks to tariffs to protect our so-called car industry. Now we don't have a car industry, which was not worth saving, but we have very cheap cars. Tariffs also cause economic distortions and inefficiency. US consumers will suffer under Trump's plan.
Hmmmm, traveled to New Zealand yr before last. I noticed all vehicles were way more expensive than here in the states. The hunting guide there really wanted an F150 truck, but said even used ones were over 200k
@@loydmccoy3532 that's because an F150 is not a popular car in Oceania, it will always be expensive here. But for general asian vehicles it is relatively cheap. Covid has messed up the car market here though so it's hard to draw good conclusions anyway.
He is right though tariff to protect car industries here is dumb, it might not be a bad idea in the US with it's economy of scale but that's why Biden already went hard on car tariffs, a flat 10-20% tariff of the entire world would be economy shattering.
True ! US consumer will have to pay more because tariff actually adds into retail price to the consumers.
The Feds has unleashed chaos! every day we encounter novel challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $280,000 savings vanish after putting in so much effort to accumulate them.
I'll suggest you find a mentor or someone with experience guide you especially in this recession. for your and portfolio diversification.
True. I first came across investing in the market in 2019. Already stashed about $480k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. Tbh, it's the best investment decision I've made since then.
I think this is something I should do, but I've been stalling for a long time now. Mind if I ask you to recommend this particular coach you using their service?
I work with the popular Rebecca Nassar Dunne. Who happens to be a is a hot topic among financial elitist in The US. Especially for her works during Covid. All the information you need to set up an appointment is on her web page.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Stop complaining USA you voted for this fool.....
the tariffs are gonna backfire on the US
AI stocks are set to dominate in 2024, but I also see potential in Bitcoin as a rising investment. While my preference leans toward NVIDIA, given its strong position to support long-term growth and its role as a critical platform for AI companies, Bitcoin’s continued adoption and resilience make it a compelling option as well. I know someone who has made over 200% from NVIDIA, which reinforces my confidence in it. I'll also consider the other recommendations you shared!
I agree, just because the market presents opportunities doesn't mean we should rush in headfirst. For this reason, we should look for appropriate market analysis or guidance or, alternatively, seek advice from certified market strategists.
Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advisor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.
how can I get your advisor please, if you don't mind me asking? I could really use a help as of now.
Her name is 'Kenia Giordani Borges’ Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.
How do people think Trumps plan to do anything that includes money would work when everything he has done with his businesses have failed???
how idiotic it is to believe and pick a privileged rich dude for a president and not expect him to grant more privileges to his rich buddies in the detriment of the poor/average folk is beyond me...
Yes lot of people are like that, human mind is fascinating
WSJ fact checking Trump?? Does Rupert know about this??
If they where they failed. They missed the most important part. Trumps lie that the other country pays the tariffs.
Nailed it
Rupert knows the people enabling his "trickle down" crimes don't read WSJ or anything else and only watch Fox News
WSJ market is finance and serious people. They don't want to pay for sensationalism
Its not difficult to fact check Trump. He is a compulsive liar, so by default all his "facts" are not true.
If Trump is supposedly a great businessman, why would he make decisions which hurt the American consumer with tariffs?
He drove a casino into the ground.
because guess what, he's not actually a great businessman
See that's the thing, they don't hurt the American consumer
@ no tariffs do hurt the Americans consumer. Every time the government has ever instituted wide ranging tariffs ok imports the Americans consumer has suffered for it.
Imagine bankrupting a casino where your customers literally go there to lose money 😂
I love that people voted for Trump because of inflation and his whole economic plan is . . . inflation.
Trump put tariff on imported steel, say 60% now:
1. Local American market will have to pay 60% more for the same imported steel they used to buy before. American consumer will have to pay 60% more.
2. Local American market will make domestic steel price ~60% more as a side effect. Same steel that was much cheaper before the tariffs.
3. Americans pay more for everything made of steel 60% more
4. American market COULD make more jobs in US for domestic producers, however regular people won't be able to pay 60% more, and it will end up with layoffs, because American companies won't have same load to manufacture the steel.
Who gains from whole this thing: Trumpet
Who lose from the whole this thing: consumers and American people that were laid off
Cool, lets show this to trump supporters so they can see what they just voted for.
Yea lol but they still wouldn't care, I mean now way they didn't hear any of the pure bs he says all the time.
they wouldn't even understand half of what is being said in this video
Tariffs are coming lol
I’m aware what a tariff is and it’s good. Now go learn about globalism and meet me back here so we can talk about tariffs
I voted for this, this is great, this will bring back jobs to the US, this will make US produce goods again, it will raise our economy, america will be great again
Elect a clown, expect a circus.
How American people think that a multiple times failed businessman knows how to save a country's economy is absolutely bewildering to me.
At least he has experience in failure compared to someone who has no experience at all.
@@raka4682experience in something does not mean that person will learn anything from it...
@@envynoir At least there is a possibility
Tariffs are a superior way to fund the Federal Government, but only when we are running trade surpluses. We haven’t run trade surpluses in decades. I’m not a Democrat, but the Democrats are right: China and Mexico aren’t going to pay these tariffs. American consumers are. Tariffs only worked in the distant past because we were the world’s creditor. Now we’re the world’s debtor.
While we are worried about trumps tarrif plans. The market's rise after Trump's win is surprising given the economic uncertainty. While some stocks, like AI-focused ones, look strong long-term, the volatility makes me cautious. Even Bitcoin is seeing a boost, but it's tough to predict where things are heading with inflation and interest rates. Staying cautious but watching for opportunities.
@@Rachadrian I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
Do you mind sharing info on the adviser who assisted you? I'm 49 now and would love to grow my stock portfolio and plan my retirement
Annette Christine Conte is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
THE QUESTION: "What is this video"?
THE ANSWER: "Something you'll never see on fox news"....
WSJ are leftist?
I mean.... you saw the video right?!? Did you see CNN or MSNBC saying anything about the Biden Admin keeping and INCREASING some of the tariffs?!?!? Just very curious about it...
Biden actually expanded Trumps tariffs. So… Trump tariffs bad? Biden tariffs good?
Many things you won't see on CNN. CNN is so biased.
Personally I don’t understand why anyone would watch mainstream media on either side of the political aisle. They are all so ridiculously biased it’s sickening.
Man, those Trump bible from Chy-na gonna be so expensive 😂
He will, of course, exclude anything imported by one of his companies from the tariffs in order to give himself an unfair advantage in the marketplace. There will also likely be tariff exclusions for companies that pay him a personal 'fee'.
He is already excluding religious items from his tarrif hikes. How convenient... LOL
Yeah, he's a fraud, Buy from America but here buy my new
Bible from China........
Just think of it as a 20% tax increase
@@abdiganiadenDid you even watch the video? It's 60% for China and 10-20% for the rest of the world. It would be economically ruinous.
@@abdiganiaden Trump said 60% on China and 10% on everyone else...
@@abdiganiaden these are the people that will decide the election 😭
@@abdiganiadenkeep defending your precious billionaire
@@abdiganiadenthe best economics is when countries cooperate....that's what make the US superior in trade...but when a country start getting isolationist.....the economy shrinks and you are left with a country with insanely high labour costs
The middle class will pay for the tariffs not the super rich, They don't have to pay their fair share in taxes to begin with!
and that's exactly the point.
Income tax taxes your capital gains as well.
Tariff taxes essentially consumption.
So you shift the taxation from the rich to the poor
Tariffs will kill the US agricultural industry
They almost already did, we had to bail the farmers out under 45 to the tune of multiple billions
US manufacturing as well - like my company. We build electronics. Many of our components are global commodities. When he imposed tariffs on Chinese electronic components, prices went up across the board. Same happened with his tariffs on Chinese and Canadian steel and aluminum.
Trump already threatened John Deere for manufacturing in Mexico and wants them to pay high tariffs.
You mean like 2016-2020 when we had a booming economy?
Thanks Obama! @@Yogurt_Fingers
I have never heard anyone from the right explain how this is good.
Because you refuse to listen
@ how long will it take to rebuild our low paying manufacturing job infrastructure?
@@dustinmartinez7352 exactly. Factories won't spring up overnight. Not all training can be completed in a weekend. Farms don't produce more.
They hate it because it is stupid and overly simplistic.
Buy all your electronics now
Bought a 55 inch TV today.
Pro Inflation policy ☹️
That was 30% inflation Biden-Harris. I’ll give Trump a try.
@@raybod1775 It would be higher under Trump.
@@raybod1775 Lol you do know the entire world experienced high inflation right? Has absolutely nothing to do with US presidential policy (which has absolutely nothing to do with Federal Reserve policy). 🤦
@@raybod1775 And yeah the other commenter is right. A second Trump term will have a much larger deficit than Harris--that's the consensus among non-partisan economists.
@@raybod1775 The whole world experienced unusually high inflation in that period, you know? 🙄
Increasing tax rates are the reason I rolled over my 401k to a Roth. I don’t want to be 59 paying taxes on current income on withdrawals made from my retirement account. I'm now seeking best possible areas or ways to gain wealth in today's economy.
Pre-tax contributions may help reduce income taxes in your pre-retirement years while after-tax contributions may help reduce your income tax burden during retirement.
Both have their perks but you can also save for retirement outside of a retirement plan, such as in an individual investment account or employing the services of a retirement planner/investment advisor.
Private investing is the best way to go about the market right now, especially for near retirees, I've been in touch with a wealth manager, netted 370K the last downturn, made it clear there's more to the markets than we average joes know.
@@everceenWho is this Adviser or investor you use? I lost over 35000 already this year, I’m in need of a planner going forward.
I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "KAREN LYNN CHESS" I've worked with her since the pandemic and highly recommend her. You can check if she meets your criteria.
An econ 101 student could probably tell you why Trump's tariff plan is a stupid idea
But a good number of Americans voted and will still vote for him. 😂
His whole idea is based of the premise that the other country pays all of the tariffs. Since this part is wrong, the entire plan is faulty.
@@sommebuddy Good!
Plain ignorance. It's actually embarrassing to see. The sad thing is the US is so influential around the world that they don't realize how this affects not only themselves but the whole world.
I am not saying Kamala is an angel either but there has to be a better option between the two. Vote third party if you have to but for those who vote Trump don't cry when things don't go the way you expect. Same with Kamala.
Biden actually expanded Trumps tariffs. So… Trump tariffs bad? Biden tariffs good?
Tariffs really just seem like a way of indirectly raising taxes on your people.
In practice, the tariff is indirect taxation on consumption.
You know I actually learned how tariffs work in junior high School.
You want a cookie?
@@Gboy619where u from
Clearly you didn't
Tariffs and trade war are actions of last resort when negotiations fail, not actions of first resort.
You’re also assuming he doesn’t intend to negotiate first and anything is better than just taking a bad deal just for the sake of pretending like you’re the world’s care taker
@@Dynasty19 well actually 'no deal' is often worse than a bad deal, in terms of vital resources.
We are at last resorts
"Man, this video is a wild ride! Tariffs, trade wars, and all the chaos. Honestly, I've got $167k chilling in my emergency fund, and I’m itching to make it work for me. But where do I even start? Stocks? ETFs? Real estate? Feels like I need a PhD to figure out where this tariff drama fits in. Someone point me to the money trail, lol."
Imagine a U.S. President running on a platform of national sales tax
It's a great platform
@ with a cost of living crisis I fail to see how that’s the case
Economists hate it because they actually know what a tariff is and who actually pays for it
I treat economists as much as the weatherman
Those guys who said inflation was transitory?? I'm supposed to believe them? And if tariffs are so bad why did Biden announce tariffs, to thundering applause from the MSM, back in May?
@@wpierce34004evereconomists know everything especially since they all run multibillion dollar companies and physically do business all over the globe . oh wait no they don’t
@@wpierce34004ever both biden and trumps tariff policy is not good, biden is older than trump, tariffs are an old dated thinking idea.
@@nassairgolding7403Perhaps… but why are Trump tariffs bad, but Biden tariffs good…. According to the media…
What if we just taxed billionaires?
shhhhhh, you cant speak facts here.
We can’t tax billionaires! We have to give them tax breaks and add to the national debt!
If u were a billionaire and going to be taxes high rates why would u stay in America? You would take your business and factories to another country. Thus end the jobs of many thousands of people. Tax the rich is not the answer. We need rich people to want to stay here. They are the ones who create jobs.
That doesn't work either.
We are so doomed
You thought inflation was bad, wait until tariffs and corporate greed kick in! I’m set to start lining my pockets! (And already have!). Thanks red voters! 😉
big surprise. If you use tariffs and remove competition, local production has no incentive to do anything except be 1 penny cheaper than the tariffed product.
What this video ignores & what people don't understand is that the reason costs go up for households due to higher prices even for domestic goods is that corporations are unwilling to let profit dip even a tiny bit by eating slightly higher resource costs, so they pass on those costs to American consumers. They do this to protect shareholders & earnings at all costs, even if it means hurting Americans & potentially moving local jobs overseas. So who is the real enemy, China or corporate leaders?
I just today realized why Trump is so adamant on tariffs. It's because he alone has the power to enact them. He wouldn't have to go through congress or anybody else; he could enact them and say he fixed the economy single-handedly, even as it burns to the ground.
7:11 You overlook the fact that Tariffs can be enacted by DT WITHOUT Congress.
The closest thing to Authoritarianism in the US Govt's current structure
Trump's tariff policy may be a scheme for him to collect money behind the scenes from other countries.
Almost everything Trump does is a con:
Trump sells non-existent Gold Watches without a delivery date for $100,000.
Trump sells sneakers without a delivery date for $400.00.
Trump lied and continues to lie about the election being stolen scamming his supporters out of more than $250,000,000.
which is what he did in 2018.
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
Well as you know bigger risk, bigger results, but such impeccable high-value trades are often carried out by pros.
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How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for this amazing tip. I just looked the name up and wrote her.
Its like Swedish steel. US tarifs made Swedish steel production super efficient. They made up for the gap and are now better than US steel. Tariffs cause unintentional unforseable effects
It's sad how difficult things have become in the present generation. I was wondering how to utilize some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
People often overlook the value of financial advisors until they experience the downside of emotional decision-making. I recall a few summers ago, after a difficult divorce, when I needed help reviving my struggling business. I did some research and found a licensed advisor who worked diligently to grow my reserves, even amid inflation. As a result, my reserves grew from $285k to around $720k.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
“ Sophia Maurine Lanting is the coach that guides me, She has years of financial market experience, you can use something else but for me her strategy works hence my result. She provides entry and exit point for the securities I focus on.
Thank you. I will search on her site online and do my due diligence. If She seem proficient. I write her an email and scheduled a phone call.
What's the problem with raising prices on, let's see here, every product you can think of?
Prices on average have gone up 30% since Biden became President. Facts are not on the no tariff side.
If you are joking, fine, but if you aren't, then you have no grasp on what "inflation" is. I really hope you are joking. :)
You mean your new BMW?
@@Marianojoey Yes, exactly, tariffs are inflation, but deliberate in this case.
Domestic producers have the dominant market share in some industries. It'd be quite sad if a country were to completely depend on imports, as it'd mean other countries would have the reins. Especially dependence on Agriculture, which the United States doesn't have a problem with.
I keep trying to explain this to trump supporters, but idk they just cover their ears and go "la-la-la-la-la"
It's especially frustrating because it already happened during his first term. I've been trying to get people to watch news coverage of 'Mid Continent Nail' facing layoffs in 2018 due to Trump's tariffs.
lol propaganda. Trump won so deal with it😊
It’s you who is stupid if you think a guy who has filed bankruptcy multiple times can suddenly make profitable decisions for the whole country.
🧂🧂🧂🧂 keep coping
@@kyledenson1287In what way is it not a legitimate concern?
@@kyledenson1287 Get ready to spend even more money... Remember, you voted for this.
A problem I see is this. Let's say it costs $1.00 to produce a drier in the US and $0.50 to make it in China. The only way, really, to make an American buy an American washer is to make the Chinese counterpart to cost $1.10. You increase the price of the Chinese drier, but these aren't going to be made in the USA until they cost $1.10. Meanwhile, we're also slapping tarifs on Chinese (and Canadian) aluminum.
I have to wonder if the best thing for America would be for us to be under Republican rule for the next 10 years and be in a recession for the while time. Apparently January 6 wasn't enough of a punch in the face. Only pain will get us to make the changes in attitude we need to make.
I was thinking 4 years would do it.
If tariffs are generally harmful, why is Trump so focus on them? Because he doesn't understand economics. Trump doesn't seem a resourceful and innovative person to me.
Tariffs are not actually harmful at all, that's why he's focusing on them, he understand economics better than you do, Trump is a resourceful and innovative person
@@98wojtas he actually doesn’t understand economics, because historically it doesn’t work.
Because he is a businessman, he is afraid of taxes, he thinks that as a country should be more afraid of taxes, which is actually unreasonable
Nice job people. Idiocracy has become reality.
The US has the purchasing power. We outside the US will have no choice but to negotiate some kind of trade deal and make concessions to the US to drop the tariffs.
I loved this explainer. As an MBA, I know the theory, but it's nice to see it so well illustrated. The WSJ should publicize this more and offer the explanation in an entertaining short presentation for TV and print media.
Things FOX and Rogan should be telling their audiences
People need to hear about this.
Tariffs are a good example of anti-globalist policy. That’s precisely what makes it so wonderful.
Exactly. I don’t get why people fall for videos like this. The entire point is to give a boom to American industry not foreign. Yes perhaps there will be fewer options for various items but it will ensure those items are American.
@@lucasp1233 Did you watch the whole video? It literally says that tariffs do not "give a boom" to domestic industry
Wonderful. You'll be paying more for American products
Ironically, Trump graduated with an economics degree, bachelor.
Trump had his lawyers force his university to not release his grades. Maybe he only "graduated" because his dad paid for a new library.
Kind off.
Daddy money helps.
@@clarkisaac6372 According to people who knew Trump during college years, he paid others to take his exams.
He must have slept through the entire thing
Even more ironic, he won't release any of his records, of any kind.😅😅😅😅
“Economists hate tariffs” - yeah, no kidding! I’ve been scraping and saving, finally stashing $223k in my emergency fund, ready to dive into the investing world, and THIS is what’s happening? Great. Just great. Nothing like some good ol’ tariffs to mess with the markets. Any advice on where a newbie should start, or am I supposed to guess which sectors won’t get crushed by this circus? Asking for a financially curious friend… which is me, by the way.
The first washer/dryer I bought when I bought my first house was about $1,200 for the pair for the top of the line model. Now a single washer which is pretty much the same costs $1,200 for a single appliance!!
He does no understand how tariffs work. Did Fred buy a new gym for Wharton or how did he get his degree?
Either he is ignorant or just too smart.
Biden has been fond of tariffs too, funny how he isn't attacked for it...
Biden has been fond of tariffs too, funny how he isn't criticized for it...
@@ArawnOfAnnwn Because no Chinese EVs are being sold in America, no money and tax is being spent domestically, so Biden's tariffs ensure none of them will be sold in the future too. Do you know the difference?
Well...we're gonna find out now.
Unless we ramp up manufacturing--overnight--products will become very expensive.
yup. It'll take time for factories and infrastructure to assemble. Another viral video explaining tariffs used agriculture as an example. Making foreign crops more expensive doesn't magically make domestic farms grow more.
@@konstellashon1364 All tariff's really do is make the consumer pay more.
Ahh what a mess 🙃
We’ve talked a lot about how the 2024 election might impact the markets. Has anyone made significant gains or losses in previous election years??
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
Nicole Anastasia Plumlee can't divulge much. Most likely, the internet should have her basic info, you can research if you like..
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
If you’re trying to reach trumpers with this, it’s gonna go right over their heads.
Im watch this. UE has tarrifs as well. Basic logic explains you can’t compete with China especially their gov donates some industries. You need major part of manufacturing inside country
Biden actually expanded Trumps tariffs. So… Trump tariffs bad? Biden tariffs good?
@@kamil3409 Having Tarrifs as your main economic plan won't work out, especially for the US. It's how we got here in the first place, people were complaining about gas prices the MOMENT JBiden got in office but fail to realize what it took the get there.
This is the same reason why the first half of DJTrump's run was decent, he had the success of 8 years worth of constant growth from the previous president.
Trumper economist here. You have no clue what you’re talking about, but by all means continue to get your education from cbs 😂
@@actuallyjustbored Can you explain why the media doesn’t complain about that fact that Biden kept most of Trumps tariffs? No… of course not. Trump tariffs bad. Biden tariffs good.
I guess Wharton Business School didn’t teach Trump finance 101: THERES NO FREE LUNCH
Only when someone else is paying for it. And Trump LOVES getting people to pay his bills & stiffing creditors.
The only way to fix the huge US debt problem is to raise taxes! However, they know that will never fly with the voters politically. Tariffs are a way to raise taxes on every US Citizen and blame it on someone else! Either way, every citizen will pay more for everything! Of course it screws the poor the most which is how it's always been. It has no affect on the 1%! They will be just fine.