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⚠️🇺🇸⚠️ USA destroyed the Nordstream pipe to a Germany. Trump just told EU to buy more gas and oil, OR tariffs would skyrocket! USA is a mafioso regime! GET YOUR FACTS STRAIGHT.
Thank you Jaspreet, You are a gentleman and a scholar. The book "The Creature from Jekyll Island" is an excellent book that describes the "Fed" and what happened in 1913.
Tariffs will increase costs of finished goods and components used throughout US manufacturing. This will be an immediate and huge hike in inflation. To fight inflation the Fed will have to hike interest rates which will be wonderful for the billionaires but possibly take away the middle class. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
A collapse has began!!! Rich people know this.... they are hedging... through hedge funds. It costs them about 6% a year to do this. Those that aren't rich are not hedge and are at great risk in the bubble of all bubbles with the debt at all time highs. The increasing prices have impacted my plan to retire at 62, The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $110k in value stocks and digital assets, Up to 400k so far and pretty sure I'm ready for whatever comes.
Annette Christine Conte is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
I 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.
You never explained WHY we stopped using Tarrifs in 1913 and switched to Fed Income tax It’s because Tarrifs didn’t work as well anymore because of our natural desire to trade and grow the economy! Simply , Tarrifs wasn’t sufficient source of revenue Tarrifs disproportionately affected consumers and often led to trade tensions. Hence why we switched to a federal income tax to solve this via the 16th amendment
No. The government lacks financial austerity….. that’s why they switched. The ability to print money at will…. And spend egregiously…. Worsened further by removal of the gold standard…. Artificial growth
@@TheSisvo That's because if they kept just increasing tarrifs to bring in more revenue for the government, that was never going to be sustainable because Tarrifs affects everyone (as a form of inflation) and ultimately the economy.
Well yeah because tariffs claim to want to protect american industries and raise tax revenue, when they can only effectively really do one or the other. Either the tariffs is high, and protects home industries, but because its high no one buys foreign goods, so its rarely actually paid. So no tax revenue is bought in. Or its low, and you raise revenue, but you raise revenue because people arent investing in homes industries. and are relying on foreign goods.
Only highly Advanced manufacturing can be done here. Our wages are to high for everyday goods to be produced here. I work in manufacturing (Plastics). We can only compete in areas that are critical for our national security.
Japreet, appreciate the honest video. You only missed that it would also bring about deregulation and the impact on the environment. Do we really want to become like a developing country and lower our standards and wages?
Nothing wrong with lower wages if the goods prices are lowered. Increasing minimum wage IS THE REASON why alot of states tend to suffer. Remember this year, California increased minimum wage for fast food. Multiple places closed z people were fired and prices went up like crazy and even if you're making decent money, you have to consider how everything goes up in price not just those goods. Logistics, electricity, upkeep fees. If anything, keeping minimum wage low and letting the market decide if you make more money is the Best way to do it, that's one of many businesses are moving to specific States
@ do you realize they are paying below minimum wage in developing countries? As low as $1 per hour. If you don’t understand that, I can’t help you. It’s delusional to think you’re going to go back to 1950s cost of living and wages.
Most corporations are in massive debts, all the big names are, ones everyone knows. They're a few bad months of sales from losing their business. The market valuations don't match. A company shouldn't be worth 2 trillion with billions in debt. The top 100 richest aren't that rich unless they cash out of the market which is largely investors & retirement account funds. One policy that should change is stock options for business owners or limiting how much, they also should pay market value for more shares. The rich pay 0 tax because they borrow against assets in the market. They're doing us a favor not actually cashing out.
Fr fr, has the same energy as gasoline companies saying that the supply chain issues from COVID and the Russia-Ukraine War made gas more scarce, but then the company was still posting record profits. Like the math is not mathing.
@@aliciaserrano9698 They didn't actually make anything... Their debts exceed profits. I don't like false advertising by media. Also gas is partially influenced by investors so the person running the country has a lot to do with pricing immediately even without passing laws. Wars lead to increases as well. Its like someone saying they made a lot this year but owe way more than they make because bills/inflation/ housing costs. I encourage you to research cash on hand & debts by the major corporations. Even the CEO that admitted to price gouging on food, that business is under a lot of water. Billions in debt by all these companies cannot be seen as a good thing other than they printed money to survive. To add to it you have employees wanting raises, I hope employees monitor the debt increases because as that happens layoffs happen, not raises. It is an alarming trend. As for ceos I think companies shouldn't be allowed to pay stock shares to avoid taxes. I'm glad most say their net worth is billions & they leave it in the stock market, because if they cash out they're robbing retirement accounts & ordinary investors.
I think you missed the biggest point: that tariffs are inflationary. And it's not an opinion to say that the late 1800s tariff policies led to the gilded age with record corruption, and how disastrous that was for the bottom 99% of people.
They do cause inflation. But it's not enough to be a problem. the current administration is doing everything they can to destroy the economy. So intentional inflation with insane amounts of sending money out of the country is worse @raybod1775
@@raybod1775Ray…I see you’re not informed about the inflation post Pandemic. And how the supply and demand was disrupted. So your comment is what a kid would say. Let the adults talk here..the pandemic increased inflation to 8%. Biden brought it down to 2%. Groceries are coming down as well. Not as fast since GDP or consumer spending is higher than ever. People are spending like nothing happened. The economy is the best it’s ever been. Lowest unemployment, highest jobs growth, record breaking stock market. Now Trump is going to reverse everything. Make things more expensive, stock market may crash, but the rich will win.
The cost of tariffs are passed on to consumers by corporations. Watch economist Robert Reich to understand more, also Warren Buffett has 177 billion in short term treasuries. When it causes a huge recession the wealthy can buy up assets for pennies on the dollar. I only worked in finance wealth management for a 20 yr career and remember 2016 very well first hand with him repealing the Frank Dodd Act.
The recession is coming regardless, has nothing to do with the tariffs. Wealth management is a sales job and the fact you are going to pin the upcoming recession on tariffs is asinine when you have so many LEIs blaring sirens for over a year now. And go look at Alex Merc's interview with Adam Taggart to get a better understanding of the tariffs, I had a shallow understanding of them before like that, but when you are running massive deficits and have the reserve currency, the calculus changes big time. Also who was the big lobbyist to overturn the Frank Dodd Act? Barney "I need the money" Frank himself! What a piece of filth that guy is, his cabana boys are charging him a premium I guess because he's so disgusting.
@@justbeachy2031 why do you assume I voted for Trump? Almost our entire political class is a bunch of treasonous traitors as far as I'm concerned, Trump included. And I'm writing in a condescending manner because this dude is not only wrong, but he also suffers from TDS clearly.
The United States sources approximately 35% of its lumber for home construction from Canada. The upcoming 25% tariffs in January are expected to significantly increase home prices. Additionally, efforts to round up immigrants would create a substantial labor shortage in the home-building industry, further driving up costs. The U.S. also imports various home-building materials from Mexico, including cement, steel, tiles, glass, and pre-fabricated home components, which are subject to tariffs. These tariffs will contribute to rising costs for new home construction, likely increasing demand for used homes as new builds become prohibitively expensive. However, higher demand for used homes will also cause their prices to surge.
We have plenty of lumber produced in the US. The tariffs on Canada will just mean more sales for them. Lumber retailers like Home Depot will simply stop importing Canadian lumber due to the 25% tariff and instead order US produced lumber.
The builders in Texas are saying the deportation of immigrants would actually crash the construction market. Mainly because they are using cheap labor to get the work done. The companies aren’t going to start paying a living wage because of the lack of immigrants they’ll just downsize or use automation 😂 yall are fools thinking corporations have your backs 😂
It takes years and millions to move manufacturing from one country to another. This will drive cost of everything even higher. Then that home selling for 350 will cost 450. Buyer won’t be able to buy seller will go out of business. This other countries will probably pulled back and counter back. A big mess…
If you are against Tarrifs because " you " will be affected. Knowing that bringing back jobs and manufacturing to the US is better for " all " Americans in the long run. You are a self licking ice cream cone.
Exactly....I was wondering why no one was saying this. How many years will it physically take for companies to relocate back into the US and start production again, all while Trump has booted out all the cheap labour very much needed?
When speaking about tariffs throughout history you missed an incredibly huge opportunity to speak about how tariffs led to The Great Depression through this very concept. It was called the Smoot-Hawley Act. It didn't work, and the regulations that has since been put in place for consumer protection is also being threatened by budget cuts in these departments. This was barely even a surface level of understanding what a tariff is and actually promotes a misleading political awareness rather thab the realities that we have seen from large tariffs in our US history.
What "led to the Great Depression" is much more complex and debatable than just Smoot-Hawley (which was neither a cause nor precipitant)... Just like what perpetuated/worsened the Depression, *cough*NewDeal*cough*. There is no single conclusive answer to such questions, just multiple perspectives to consider. This topic was well-presented for a 10 minute video; it's not a replacement for a 200/400-level economic history course.
@@spliffboothhow many 10 minute video will it take to replace a 200/400 economy class? Coming from an economist. To be frank most people don’t retain the knowledge in their 200/400 classes and alot of the fat can be cut out from the class. This is to say there are enough videos out there to replace a 200/400 class very easily. And chatgpt can do the same already. Bachelor degree courses are not difficult at all.
@@spliffboothalso post hoc rationalizing that the New Deal extended and perpetuated the Great Depression, that’s also just a perspective not reality. Again the effects are more complicated than what you make it seem, i can steelman both sides of the argument. This is just playing alternate history though, no need to get into counter factuals.
What's sad is the realization that we live in a country that's basically a car dealership with just about every employee trained to steal your money... and instead of people educating themselves and pushing back, they decide that the loudest salesman with the slicked back hair will somehow save them money with this new concept called tariffs, lol. We're forever cooked.
If you import cheap stuff from China, it undermines the US economy. Because china uses slave labor to make their products. Do you support America or Slavery?
It’s actually the exact opposite. It’s the people telling you manufacturing is never coming back, that you absolutely have to have sweat shops and basically slave labor to live in America. Those are the people who sold us out. You have a plan to bring manufacturing back to America and to reign in predatory practices of unchecked capitalism?
You know I saw the title and made a predetermined judgement on it. Having watched it. I have to say you explained well and with information not opinion. We do need to go back to the 1913 Tax scheme. Then when need to change Corporate taxation completely. Why a $5 million dollar a year company ends up paying taxes and $1 trillion companies pay nothing is beyond me. As corporations are the largest consumer of materials and services, they should be paying every year regardless of profitability.
Some things like clothing are simply not profitable to make here The USA is an advanced tertiary economy … our competitive advantage is in technology, services , SAAS, cars… where the end product is quite tech heavy The competitive advantage of a secondary economy is in textiles. Here the biggest cost is raw materials. Labor is cheaper in a developing economy than in an advanced economy. A developing country advantage is in cheap labor So no… many industries are not coming back to the USA because the labor cost would be too high relative to the end price of the product.
We learned from history when the first time Donald Trump was in office. There were tariffs imposed by the Trump administration on various goods, including agricultural products. This led to retaliatory tariffs from other countries, affecting American farmers by making their exports more expensive and less competitive in international markets. This impacted their income and market access.The U.S. government provided several aid packages to help farmers, totaling around $28 billion between 2018 and 2019. These were designed to offset losses due to tariffs and other trade issues.
Now look at how much we are taxed! If you own property, you now pay an ongoing tax, essentially renting from the government. If you buy a vehicle and pay sales tax, you then pay a license "tax" every year to have the privilege to drive it. All that on top of your income tax. Our government has become what our forefathers fought against!
If tariffs destroy the economy, then why do all these so called trading partners have tariffs on US made products? Trump pointed out that Canada has 20-30% tariffs on US products. It makes our things 20-30% more expensive in Canada and nobody will by US made things and instead buy Canadian things, which means more jobs for them. When there is a 25% tariff on Canadian lumber, and I'm Home Depot, I'm simply not even ordering Canadian lumber to put on the shelves, I'll be ordering US produced lumber that is 25% cheaper. When Home Depot buys US produced lumber, it means US lumber producers will expand and hire more workers.
Im curious about bonds... inflation is bad for bonds BUT if elon cuts spending and gdp falls and tariffs raise tax and unemployment goes up, arnt those all extremely bullish for bonds?
I don’t get why everyone’s only talking about tariffs creating jobs and making imports expensive. Tariffs always come with quid pro quo. These countries will not sit back and just let US imports to their countries be the same. Secondly, ultimately companies will find the path of least resistance. He just mentioned it, they will determine where the cost would be cheapest. If not China than what other country. It’s not simplistic as companies see tariffs on China, and they simply move manufacturing into US. They’re going to do their cost analysis prior to doing any operation shift. Ultimately, my current focus isn’t on investing, it isn’t on paying my mortgage, it’s focused on building the biggest moat I can build. Save save save reserves! This isn’t going to be pretty for upcoming few years.
As an american i think its really embarrassing anf pathetic that either left or right of the government wants to use tariffs and similar protectionism tactics (which cause more harm than goof especially for the citizens) instead of competing in areas which are really good at. We used to have amazin Hollywood anf media industries, we were great at technology and new innovations. Now instead of trying anything similar we are like naw tariffs 😢 its embarrassing
@@genarosalazar2818they increase costs for American businesses, resulting in less money for workers. They result in retaliatory tarrifs from other countries, reducing exports which means they need fewer workers.
The capital investments and switching costs of moving mfg back to the US would be immense. And it takes YEARS. So the consumer is to pay all this extra money in the meantime? And when it’s all said and done, the companies are gonna pass the costs of those investments and higher labor costs on to us. So the consumer is screwed in the short AND long term.
Excellent point. I'm wondering though, if an American made product is selling at $20, and a Chinese equivalent product is selling at $30, won't American CEOs raise their price to match the Chinese price? They will feel the weight of inflation, as well as some are greedy.
Depends. I buy cheap Chinese when it's house hold items, tools like harbor freight, and clothes. I don't give af about brand name clothes anymore. But for cars I buy Japanese engineering, even if it's made in U.S. Honda and Toyota forever!! I like Japanese, u.s, and Korean tires.
Thanks for another piece of puzzle, but I think you forgot to mention how China retaliated against Trumps 2018 tarrifs. What happened with US agriculture production and meat sales to China? What kind of global trade disruption it caused then, and why american truckers were striking next to White House in 2019. Massive broad tarrifs is not one direction street, expect retaliation and suffering of various economical sectors.
It's very simple who pays the tariffs consumers, and who are the consumers' American people so again rich get more wealthy and the American people eat it
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if there was a glut of steel and aluminum, not all tax would pass on to the consumer, china and others would be forced to lower their prices to match sales from other countries without tariffs or stop producing. Price is determined in large part by cost to produce the product with the least margin. If demand is still being met because of the glut, price would not rise by the total amount of the tariff. rebar in your graph is fluctuating 25% all the time, I think the tariffs got lost in the noise
I would be fine with tariffs if they knocked a massive percentage off the income tax rate of people who made 200K a year and under. Get people who are making like 50K down to 2-5%. Today like you point out the top tax rate is 37% and then you have state tax and property tax and all this other stuff sucking on your money.
We will have to build up our manufactures and we will need to recycle (especially e-waste). We need to get e-waste 100% recycled. We need to get a very high percentage of our waste recycled into raw materials. We need to stop using plastics that cause problems not only to our environment but our health as well. The thing great with glass is it can be recycled indefinitely. Yes glass does break, yes it does weigh more than plastic but do we really to get a new container for every time we get something. Would it be cheaper if stores soled items in bulk and we only need what we get it bulk. If we could build more houses so that everyone could afford them.
Even if we could bring back a lot of manufacturing, the cost of producing would be much higher than decades ago because of inflation, much higher wages workers would need to survive because the said inflation and business overhead in general including regulatory compliance. Then the goods produced would have higher price tags and then we American consumers wouldn’t be able to afford these goods, and other nations won’t buy our goods either because our prices are not competitive. Even China’s manufacturing has been struggling with the inevitable arrival of the luxurious lifestyle followed by cheap-labor manufacturing success because after a while, like Ray Dalio says, manufacturing workers get out of poverty and become middle class that expects higher wages to support their new lifestyle.
Some possible factors. Why would manufacturing move when the buyer pays the tariff? If prices go up, buyers will stop buying. Will it work? I say yes, but it all depends on the product and size of the tariff. I say be prepared so that the adjustment will be less painful.
Depends on your finances . 1000$ in XAI401C is 4000 XAI401C if it goes to 50% of ath in 2024 thats a 600% gain. If it goes equal to ath . Its a 1200% gain.
The Smoote-Hawley Tariff is what really triggered the Great Derpession. But it would have been a recession if Hoover hadn't passed his 27 laws trying to engineer the economy instead of letting it correct itself (FDR called Hoover the Wonder Boy because he agreed with Hoover's ecponimc policies). Hoover's one big achivement was wedding the agrarian and industrial socities together under Wilson (yes, Hoover was actually a Democrat but ran as a Republican). Harding halted the Deep Depression of 1919/1920 instantly by cutting taxes on the rich and triggering the Roaring 20's economic miracle.
We don't have more jobs because of steel tariffs. Steel production is highly automated. Steel makers just got to charge more for steel, and everyone that used steel in their products paid more for it. Even companies that already bought domestic steel.
Milton Friedman described how nations at war would block the ports & roads of their enemy to injure their economic capacity for trade. And then he said tariffs are practically the same thing, just done willingly by the nation itself.
When the U.S. imposed high tariffs historically, such as the Tariff of 1828 ("Tariff of Abominations") and the Smoot-Hawley Tariff Act of 1930, the outcomes were mixed and often controversial: Early Tariffs (19th Century): Revenue Source: Tariffs were the primary source of government revenue before income tax (pre-1913). They protected domestic industries but also increased consumer costs. Sectional Tensions: The Tariff of 1828 angered Southern states, who relied on imported goods and foreign trade, contributing to rising sectional tensions before the Civil War. Smoot-Hawley Tariff (1930): Retaliation: Other countries imposed retaliatory tariffs, worsening global trade. Economic Decline: It deepened the Great Depression by reducing international trade and stifling economic recovery. Consensus Against Protectionism: The economic fallout shifted U.S. policy toward free trade in subsequent decades. High tariffs helped some industries but often hurt the broader economy by reducing competition and trade. This complexity is crucial to understanding the full historical impact.
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Other countries have tariffs why would it destroy us? This is a leverage play used to negotiate better terms for people in the USA. If we end up with more manufacturing back in the USA, I see that as a positive.
It's not an opinion to claim tariffs are for the most part inflationary especially when there's no transition protection. Debt to GDP ballooned under Trump ***BEFORE*** covid due in large part because of tax breaks for the rich. Why should it be different this time and how is a ballooning debt *NOT* going to be inflationary also?
Yeah, also cut federal jobs, social security, veteran benefits😅 Only voters will suffer. Also it's Impossible to match Chinese manufacturing, Even elon musk said that it's very very hard and Tesla is struggling with manufacturing not design ' on Joe Rogan'.
Oh you mean the tax break you’ve had since the Trump tax cuts kicked in…yes, that’s right…the whole tax cuts for the rich was a lie, all tax brackets got a tax cut, including me.
Other countries have tarrifs on the US. They do not really have a say. They can adapt if they want to keep doing business. When taxes here go up it's passed onto consumers. I rather not pay taxes and choose what products I buy aka tax/tariff I pay.
It's going to be a massive shock when they realize the quality of the local goods is going to be equal to that of the Chinese products. However the price will be higher because labor does cost more here. So get ready for Walmart pricing for Dollar Store quality products, but at least its made domestically.
I am a small business owner. I prefer lower taxes on my company. The tax code should be simple but it’s not. There are also other variables that will impact the economy and one is wages. You gave a brief history of tariffs but you should also give a brief history of wage increases for the average American. You also mentioned that corporations will get tax breaks and “maybe” the working class. History will show that under republicans corporations benefited mostly. It’s hard not to look at this whole situation without bringing politics into this. The information is ok but there is so much more information that should be added to your video for people to have a better understanding of what might come next for the economy in 2025.
Theyll shrink the workforce , im sure alot of the manufacturing will be robotix and whatever is cheaper labor and i figure their will be a food shortage since the mass deportation of the agricultural & farm workers , try n put us citizens on the farm n missisipi or alabama n see how that works out self reliance n tarifs will crush middle class n below
It is not rocket science to figure out the impact of tariffs on consumers.. The immediate impact that the host is not talking about is retaliation by other countries to impose tariffs of their own. It is misleading to say that manufacturing will return to US once the tariffs are imposed. Capital investments, retooling and training of skilled works required to manufacture many of the goods now made in China is in the order of trillion of $$.
dear americans, I am chinese, tariffs won't bring manufacturing to your country but it will driven manufacturing out of my country, because our factories whose primary market is the US will move to somewhere else like southeast asian countries or india which might have even cheaper labour and lower tariffs but not going back to your country, minimum wage in the US is around $15 per hour while in asian countries is $2 -$4 , you can't compete with those countries.
Everyone assumes that a 25% tariff would raise prices by 25%. And that may be true on some purchases. But everyday items being made by near slave labor in foreign nations typically carry 200%+ profit margins and they will absorb the tariffs from their profit margins in order to stay relevant here in America.
Whether anyone out there noticed or not, Trump himself said that he expects prices to go up initially, but they should drop back down as the tariffs take full effect. BUT THE WONDERFUL NEWS NEVER TELLS THE REST OF THE STORY. Per usual.
Its simple. If you implement terrif, it means the consumer pays more for those ptoducts. If the goal is met to force companjea to manufacture inside the US then it mean the same product now will cost more than they do now coming in from overseas. For the simple fact that it cost apple US 5000 a year per worker to produce an iphone in produce in china. But now if the close those overseas manufacturing facilities and move manufacturing to the US then it will not cost apple 75, 000 per worket per year to produce the same phone. People dont trick yourlves, manufacturing is not coming back to the US and if it does, then people will not have the money to afford these items that would now be produced in the US. Its simple a b c
I believe if Americans pull up there boot straps an come willing to work an create new company’s, more jobs, fill agricultural positions that most don’t want, we could literally turn America self reliant. But I don’t think it would happen, too many unwilling to take or get jobs an contribute. We may not reduce cost but could level it out an grow the economy an raise wages, etc after that.
How many years will it physically take for companies to relocate back into the US and start production again, all while Trump has booted out all the cheap labour very much needed? There has to be a time lag between introduction of tariffs and manufacturing to relocate, that is if these tariffs work in doing that.
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There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through TH-cam comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!
🤣🤣🤣🤣🤣🤣
⚠️🇺🇸⚠️ USA destroyed the Nordstream pipe to a Germany. Trump just told EU to buy more gas and oil, OR tariffs would skyrocket! USA is a mafioso regime! GET YOUR FACTS STRAIGHT.
Hi I have one question u think it a good idea for trump to abolish the IRS so we don't pay no more income tax
@@danielpavia969its a great way to end income tax but a stupid idea overall
Thank you Jaspreet, You are a gentleman and a scholar. The book "The Creature from Jekyll Island" is an excellent book that describes the "Fed" and what happened in 1913.
Tariffs will increase costs of finished goods and components used throughout US manufacturing. This will be an immediate and huge hike in inflation. To fight inflation the Fed will have to hike interest rates which will be wonderful for the billionaires but possibly take away the middle class. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
A collapse has began!!! Rich people know this.... they are hedging... through hedge funds. It costs them about 6% a year to do this. Those that aren't rich are not hedge and are at great risk in the bubble of all bubbles with the debt at all time highs. The increasing prices have impacted my plan to retire at 62, The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $110k in value stocks and digital assets, Up to 400k so far and pretty sure I'm ready for whatever comes.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
Annette Christine Conte is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
I 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.
You never explained WHY we stopped using Tarrifs in 1913 and switched to Fed Income tax
It’s because Tarrifs didn’t work as well anymore because of our natural desire to trade and grow the economy!
Simply , Tarrifs wasn’t sufficient source of revenue
Tarrifs disproportionately affected consumers and often led to trade tensions.
Hence why we switched to a federal income tax to solve this via the 16th amendment
No. The government lacks financial austerity….. that’s why they switched. The ability to print money at will…. And spend egregiously…. Worsened further by removal of the gold standard…. Artificial growth
@@clintjmathewson lol whatever you say professor
Federal income tax was supposed to be temporary.
@@TheSisvo That's because if they kept just increasing tarrifs to bring in more revenue for the government, that was never going to be sustainable because Tarrifs affects everyone (as a form of inflation) and ultimately the economy.
Well yeah because tariffs claim to want to protect american industries and raise tax revenue, when they can only effectively really do one or the other. Either the tariffs is high, and protects home industries, but because its high no one buys foreign goods, so its rarely actually paid. So no tax revenue is bought in. Or its low, and you raise revenue, but you raise revenue because people arent investing in homes industries. and are relying on foreign goods.
Only highly Advanced manufacturing can be done here. Our wages are to high for everyday goods to be produced here. I work in manufacturing (Plastics). We can only compete in areas that are critical for our national security.
The Smoot--Hawley Tarrifs Act of 1929 was terrible for the economy back them
Notice he doesn't mention that.
Japreet, appreciate the honest video. You only missed that it would also bring about deregulation and the impact on the environment. Do we really want to become like a developing country and lower our standards and wages?
Nothing wrong with lower wages if the goods prices are lowered. Increasing minimum wage IS THE REASON why alot of states tend to suffer. Remember this year, California increased minimum wage for fast food. Multiple places closed z people were fired and prices went up like crazy and even if you're making decent money, you have to consider how everything goes up in price not just those goods. Logistics, electricity, upkeep fees. If anything, keeping minimum wage low and letting the market decide if you make more money is the Best way to do it, that's one of many businesses are moving to specific States
@ do you realize they are paying below minimum wage in developing countries? As low as $1 per hour. If you don’t understand that, I can’t help you. It’s delusional to think you’re going to go back to 1950s cost of living and wages.
No but greed will and it's going unnoticed or disguised as inflation.
Most corporations are in massive debts, all the big names are, ones everyone knows. They're a few bad months of sales from losing their business. The market valuations don't match. A company shouldn't be worth 2 trillion with billions in debt.
The top 100 richest aren't that rich unless they cash out of the market which is largely investors & retirement account funds.
One policy that should change is stock options for business owners or limiting how much, they also should pay market value for more shares.
The rich pay 0 tax because they borrow against assets in the market.
They're doing us a favor not actually cashing out.
President elon and the other billionaires will do their best to reduce prices and hurt their businesses...
@@julioblanco
Still has plans for car under 30k & mentioned removing tax credits for green energy like his vehicles.
Fr fr, has the same energy as gasoline companies saying that the supply chain issues from COVID and the Russia-Ukraine War made gas more scarce, but then the company was still posting record profits. Like the math is not mathing.
@@aliciaserrano9698
They didn't actually make anything... Their debts exceed profits. I don't like false advertising by media. Also gas is partially influenced by investors so the person running the country has a lot to do with pricing immediately even without passing laws. Wars lead to increases as well.
Its like someone saying they made a lot this year but owe way more than they make because bills/inflation/ housing costs. I encourage you to research cash on hand & debts by the major corporations. Even the CEO that admitted to price gouging on food, that business is under a lot of water. Billions in debt by all these companies cannot be seen as a good thing other than they printed money to survive. To add to it you have employees wanting raises, I hope employees monitor the debt increases because as that happens layoffs happen, not raises.
It is an alarming trend.
As for ceos I think companies shouldn't be allowed to pay stock shares to avoid taxes. I'm glad most say their net worth is billions & they leave it in the stock market, because if they cash out they're robbing retirement accounts & ordinary investors.
I think you missed the biggest point: that tariffs are inflationary. And it's not an opinion to say that the late 1800s tariff policies led to the gilded age with record corruption, and how disastrous that was for the bottom 99% of people.
Really? We had some of the highest inflation in history the last 4 years.
They do cause inflation. But it's not enough to be a problem. the current administration is doing everything they can to destroy the economy. So intentional inflation with insane amounts of sending money out of the country is worse @raybod1775
@raybod1775
We had Covid pandemic. The entire world battling high inflation. Governments printed money. It's not just USA
@@raybod1775Ray…I see you’re not informed about the inflation post Pandemic. And how the supply and demand was disrupted. So your comment is what a kid would say. Let the adults talk here..the pandemic increased inflation to 8%. Biden brought it down to 2%. Groceries are coming down as well. Not as fast since GDP or consumer spending is higher than ever. People are spending like nothing happened. The economy is the best it’s ever been. Lowest unemployment, highest jobs growth, record breaking stock market. Now Trump is going to reverse everything. Make things more expensive, stock market may crash, but the rich will win.
@@raybod1775 Yeah, trump spent a lot and gave a lot of money away. The bill just came after he left.
The cost of tariffs are passed on to consumers by corporations. Watch economist Robert Reich to understand more, also Warren Buffett has 177 billion in short term treasuries. When it causes a huge recession the wealthy can buy up assets for pennies on the dollar. I only worked in finance wealth management for a 20 yr career and remember 2016 very well first hand with him repealing the Frank Dodd Act.
The recession is coming regardless, has nothing to do with the tariffs. Wealth management is a sales job and the fact you are going to pin the upcoming recession on tariffs is asinine when you have so many LEIs blaring sirens for over a year now. And go look at Alex Merc's interview with Adam Taggart to get a better understanding of the tariffs, I had a shallow understanding of them before like that, but when you are running massive deficits and have the reserve currency, the calculus changes big time. Also who was the big lobbyist to overturn the Frank Dodd Act? Barney "I need the money" Frank himself! What a piece of filth that guy is, his cabana boys are charging him a premium I guess because he's so disgusting.
@@davidmann2524 Trump much? Why do you choose to write in such a condescending manner? Typical.
So basically all taxes on companies are passed on to consumers.
@@justbeachy2031 why do you assume I voted for Trump? Almost our entire political class is a bunch of treasonous traitors as far as I'm concerned, Trump included. And I'm writing in a condescending manner because this dude is not only wrong, but he also suffers from TDS clearly.
Yikes, tds, seems like the magat has a chicken head
The United States sources approximately 35% of its lumber for home construction from Canada. The upcoming 25% tariffs in January are expected to significantly increase home prices. Additionally, efforts to round up immigrants would create a substantial labor shortage in the home-building industry, further driving up costs. The U.S. also imports various home-building materials from Mexico, including cement, steel, tiles, glass, and pre-fabricated home components, which are subject to tariffs. These tariffs will contribute to rising costs for new home construction, likely increasing demand for used homes as new builds become prohibitively expensive. However, higher demand for used homes will also cause their prices to surge.
We have plenty of lumber produced in the US. The tariffs on Canada will just mean more sales for them. Lumber retailers like Home Depot will simply stop importing Canadian lumber due to the 25% tariff and instead order US produced lumber.
The builders in Texas are saying the deportation of immigrants would actually crash the construction market. Mainly because they are using cheap labor to get the work done. The companies aren’t going to start paying a living wage because of the lack of immigrants they’ll just downsize or use automation 😂 yall are fools thinking corporations have your backs 😂
It takes years and millions to move manufacturing from one country to another. This will drive cost of everything even higher. Then that home selling for 350 will cost 450. Buyer won’t be able to buy seller will go out of business. This other countries will probably pulled back and counter back. A big mess…
If you are against Tarrifs because " you " will be affected. Knowing that bringing back jobs and manufacturing to the US is better for " all " Americans in the long run.
You are a self licking ice cream cone.
Millions? Billions if not trillions. Also manufacturing will become automated more than it is going to need people
Okay start your own channel😂 you're telling someone that does this for a living
Exactly....I was wondering why no one was saying this. How many years will it physically take for companies to relocate back into the US and start production again, all while Trump has booted out all the cheap labour very much needed?
Not to mention USA made items will be more expensive anyway. That’s always been the case in my personal experience.
When speaking about tariffs throughout history you missed an incredibly huge opportunity to speak about how tariffs led to The Great Depression through this very concept. It was called the Smoot-Hawley Act. It didn't work, and the regulations that has since been put in place for consumer protection is also being threatened by budget cuts in these departments.
This was barely even a surface level of understanding what a tariff is and actually promotes a misleading political awareness rather thab the realities that we have seen from large tariffs in our US history.
What "led to the Great Depression" is much more complex and debatable than just Smoot-Hawley (which was neither a cause nor precipitant)... Just like what perpetuated/worsened the Depression, *cough*NewDeal*cough*.
There is no single conclusive answer to such questions, just multiple perspectives to consider.
This topic was well-presented for a 10 minute video; it's not a replacement for a 200/400-level economic history course.
@@spliffboothhow many 10 minute video will it take to replace a 200/400 economy class? Coming from an economist. To be frank most people don’t retain the knowledge in their 200/400 classes and alot of the fat can be cut out from the class. This is to say there are enough videos out there to replace a 200/400 class very easily.
And chatgpt can do the same already. Bachelor degree courses are not difficult at all.
@@spliffboothalso post hoc rationalizing that the New Deal extended and perpetuated the Great Depression, that’s also just a perspective not reality. Again the effects are more complicated than what you make it seem, i can steelman both sides of the argument. This is just playing alternate history though, no need to get into counter factuals.
What's sad is the realization that we live in a country that's basically a car dealership with just about every employee trained to steal your money... and instead of people educating themselves and pushing back, they decide that the loudest salesman with the slicked back hair will somehow save them money with this new concept called tariffs, lol.
We're forever cooked.
If you import cheap stuff from China, it undermines the US economy. Because china uses slave labor to make their products. Do you support America or Slavery?
It’s actually the exact opposite. It’s the people telling you manufacturing is never coming back, that you absolutely have to have sweat shops and basically slave labor to live in America. Those are the people who sold us out. You have a plan to bring manufacturing back to America and to reign in predatory practices of unchecked capitalism?
"new concept"
Trying to talk trash about hardworking people… Bigot!
@@askmichaelnow 🤡
You know I saw the title and made a predetermined judgement on it. Having watched it. I have to say you explained well and with information not opinion. We do need to go back to the 1913 Tax scheme. Then when need to change Corporate taxation completely. Why a $5 million dollar a year company ends up paying taxes and $1 trillion companies pay nothing is beyond me. As corporations are the largest consumer of materials and services, they should be paying every year regardless of profitability.
Would have liked to see more historical examples of how tariffs impacted economies.
Some things like clothing are simply not profitable to make here
The USA is an advanced tertiary economy … our competitive advantage is in technology, services , SAAS, cars… where the end product is quite tech heavy
The competitive advantage of a secondary economy is in textiles. Here the biggest cost is raw materials. Labor is cheaper in a developing economy than in an advanced economy. A developing country advantage is in cheap labor
So no… many industries are not coming back to the USA because the labor cost would be too high relative to the end price of the product.
I enjoy listening to you because you speak in a way that makes me understand. Clear english !
We learned from history when the first time Donald Trump was in office. There were tariffs imposed by the Trump administration on various goods, including agricultural products. This led to retaliatory tariffs from other countries, affecting American farmers by making their exports more expensive and less competitive in international markets. This impacted their income and market access.The U.S. government provided several aid packages to help farmers, totaling around $28 billion between 2018 and 2019. These were designed to offset losses due to tariffs and other trade issues.
Well add to insult they just give 30 billions again in the recent bill
Why didn't Biden roll these tariffs back? They're still in place.
England raised a tariff on tea back in the 1773 and it started the Boston Tea Party
And Trump was of the beginning of the Tea party back in 2010
@@artypyrec4186 forgot all about that.
Now look at how much we are taxed! If you own property, you now pay an ongoing tax, essentially renting from the government. If you buy a vehicle and pay sales tax, you then pay a license "tax" every year to have the privilege to drive it. All that on top of your income tax. Our government has become what our forefathers fought against!
That's what you were taught in school. Go research the Boston Tea Party now that you hve the ability to make up your own mind.
Don't mess with tea.
If tariffs destroy the economy, then why do all these so called trading partners have tariffs on US made products? Trump pointed out that Canada has 20-30% tariffs on US products. It makes our things 20-30% more expensive in Canada and nobody will by US made things and instead buy Canadian things, which means more jobs for them. When there is a 25% tariff on Canadian lumber, and I'm Home Depot, I'm simply not even ordering Canadian lumber to put on the shelves, I'll be ordering US produced lumber that is 25% cheaper. When Home Depot buys US produced lumber, it means US lumber producers will expand and hire more workers.
Im curious about bonds... inflation is bad for bonds BUT if elon cuts spending and gdp falls and tariffs raise tax and unemployment goes up, arnt those all extremely bullish for bonds?
You must be wealthier than I am to know the future so well. I have the opposite opinion.
I don’t get why everyone’s only talking about tariffs creating jobs and making imports expensive. Tariffs always come with quid pro quo. These countries will not sit back and just let US imports to their countries be the same.
Secondly, ultimately companies will find the path of least resistance. He just mentioned it, they will determine where the cost would be cheapest. If not China than what other country. It’s not simplistic as companies see tariffs on China, and they simply move manufacturing into US. They’re going to do their cost analysis prior to doing any operation shift.
Ultimately, my current focus isn’t on investing, it isn’t on paying my mortgage, it’s focused on building the biggest moat I can build. Save save save reserves! This isn’t going to be pretty for upcoming few years.
And make sure that your savings are diversified or the galloping inflation can erode the value of your save save reserves ..😅
As an american i think its really embarrassing anf pathetic that either left or right of the government wants to use tariffs and similar protectionism tactics (which cause more harm than goof especially for the citizens) instead of competing in areas which are really good at. We used to have amazin Hollywood anf media industries, we were great at technology and new innovations. Now instead of trying anything similar we are like naw tariffs 😢 its embarrassing
Tariffs kill jobs many other ways than they bring
How so?
@@genarosalazar2818they increase costs for American businesses, resulting in less money for workers. They result in retaliatory tarrifs from other countries, reducing exports which means they need fewer workers.
Most jobs are already gone l
@@Lottoscratcher873 the latest jobs report was pretty good.
The capital investments and switching costs of moving mfg back to the US would be immense. And it takes YEARS. So the consumer is to pay all this extra money in the meantime? And when it’s all said and done, the companies are gonna pass the costs of those investments and higher labor costs on to us. So the consumer is screwed in the short AND long term.
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You said XAI107K$ will 100x in your last vid. Can you share more details? Everyone needs to know!
Tarrifs are taxes.. so increasin tarifs taxes to give tax breaks?
Somebody needs to pay taxes. Better importers pay than people earning an income.
The importers won't pay the taxes they pass it along to the consumers.. inflation
OMG, your calls are insane! 10% gains last week. Thinking about XAI107K$, SOL, and MATIC now. Thoughts?
Who’s your financial advisor?! Personally I went with Ligma
@@masterreach97 I need to know of this Ligma, what is their full name? Do Tell
At the end of the day more money will flow from our pockets to the government. It’s that simple.
Russia never cut gas, NATO imposed sanctions and blew up nordstream. Otherwise great video
Some of the people may want to buy American-but can't afford the higher prices.Not everyone makes 6 figures.
Basically, just screwing everyday Americans, good job redcoats
Excellent point. I'm wondering though, if an American made product is selling at $20, and a Chinese equivalent product is selling at $30, won't American CEOs raise their price to match the Chinese price? They will feel the weight of inflation, as well as some are greedy.
@@Carol-bx3zq Excellent point! Ignorance and greed runs this country.
True that, if i can't afford it then i'll become a lifestyle minimalist and save more moneys...😅
Depends. I buy cheap Chinese when it's house hold items, tools like harbor freight, and clothes. I don't give af about brand name clothes anymore.
But for cars I buy Japanese engineering, even if it's made in U.S. Honda and Toyota forever!!
I like Japanese, u.s, and Korean tires.
Thanks for another piece of puzzle, but I think you forgot to mention how China retaliated against Trumps 2018 tarrifs. What happened with US agriculture production and meat sales to China? What kind of global trade disruption it caused then, and why american truckers were striking next to White House in 2019. Massive broad tarrifs is not one direction street, expect retaliation and suffering of various economical sectors.
I can't believe how many people and friends I actually have to explain this to. The end uses always pay for it.
Stop buying from them estimula-te damn domestic industry. Stop relying so much on foreign countries it’s not good for you
Free market
Trump talks to much he back track like he always does he really wants change things repeal NAFTA
Why did it end like that is there a part two just as he was getting into debt cycles it ended
in 1913 gold was 20.67$ and ounce today at 2,600$ (roughly) an ounce, that 3,000$ would be closer to 377,000$
It's very simple who pays the tariffs consumers, and who are the consumers' American people so again rich get more wealthy and the American people eat it
Thanks for breaking this down logically. 90% of what I see on Reddit, etc. on this topic is emotional thinking/puke.
Not enough emphasis in this video on the historic impacts of a trade war caused by said tariffs.
Is it called tariffs, or maybe the true name is called hyperinflation! How is everything going to cost more when they already cost more!
Hit 240k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in September 2024…
I would really like to know how much work you did put in to get to this level
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if there was a glut of steel and aluminum, not all tax would pass on to the consumer, china and others would be forced to lower their prices to match sales from other countries without tariffs or stop producing. Price is determined in large part by cost to produce the product with the least margin. If demand is still being met because of the glut, price would not rise by the total amount of the tariff. rebar in your graph is fluctuating 25% all the time, I think the tariffs got lost in the noise
I would be fine with tariffs if they knocked a massive percentage off the income tax rate of people who made 200K a year and under. Get people who are making like 50K down to 2-5%. Today like you point out the top tax rate is 37% and then you have state tax and property tax and all this other stuff sucking on your money.
We will have to build up our manufactures and we will need to recycle (especially e-waste). We need to get e-waste 100% recycled. We need to get a very high percentage of our waste recycled into raw materials. We need to stop using plastics that cause problems not only to our environment but our health as well. The thing great with glass is it can be recycled indefinitely. Yes glass does break, yes it does weigh more than plastic but do we really to get a new container for every time we get something. Would it be cheaper if stores soled items in bulk and we only need what we get it bulk. If we could build more houses so that everyone could afford them.
If you’re holding AWS35K and ADA, don’t sell. Moon vibes incoming big time! 🔥
Even if we could bring back a lot of manufacturing, the cost of producing would be much higher than decades ago because of inflation, much higher wages workers would need to survive because the said inflation and business overhead in general including regulatory compliance. Then the goods produced would have higher price tags and then we American consumers wouldn’t be able to afford these goods, and other nations won’t buy our goods either because our prices are not competitive. Even China’s manufacturing has been struggling with the inevitable arrival of the luxurious lifestyle followed by cheap-labor manufacturing success because after a while, like Ray Dalio says, manufacturing workers get out of poverty and become middle class that expects higher wages to support their new lifestyle.
I suppose that’s where AI and automation will come into play a big time…
Some possible factors. Why would manufacturing move when the buyer pays the tariff? If prices go up, buyers will stop buying. Will it work? I say yes, but it all depends on the product and size of the tariff. I say be prepared so that the adjustment will be less painful.
Great and informative video as always
Hopefully ppl too?
His tax plan increases taxes on everyone but the few
We are screwed.
Depends on your finances . 1000$ in XAI401C is 4000 XAI401C if it goes to 50% of ath in 2024 thats a 600% gain. If it goes equal to ath . Its a 1200% gain.
The initial cost of moving mfg back to the US would be immense. Then think about the cost of labor here.
The Smoote-Hawley Tariff is what really triggered the Great Derpession. But it would have been a recession if Hoover hadn't passed his 27 laws trying to engineer the economy instead of letting it correct itself (FDR called Hoover the Wonder Boy because he agreed with Hoover's ecponimc policies). Hoover's one big achivement was wedding the agrarian and industrial socities together under Wilson (yes, Hoover was actually a Democrat but ran as a Republican). Harding halted the Deep Depression of 1919/1920 instantly by cutting taxes on the rich and triggering the Roaring 20's economic miracle.
You said AWS35K will 100x in your last vid. Can you share more details? Everyone needs to know!
We don't have more jobs because of steel tariffs. Steel production is highly automated. Steel makers just got to charge more for steel, and everyone that used steel in their products paid more for it. Even companies that already bought domestic steel.
Milton Friedman described how nations at war would block the ports & roads of their enemy to injure their economic capacity for trade.
And then he said tariffs are practically the same thing, just done willingly by the nation itself.
Thank you for these videos. They've been so informative!
"Elephant in the room "I tried to grow Beard,cost me a fortune. How do you do it ??
Genetics
When the U.S. imposed high tariffs historically, such as the Tariff of 1828 ("Tariff of Abominations") and the Smoot-Hawley Tariff Act of 1930, the outcomes were mixed and often controversial:
Early Tariffs (19th Century):
Revenue Source: Tariffs were the primary source of government revenue before income tax (pre-1913). They protected domestic industries but also increased consumer costs.
Sectional Tensions: The Tariff of 1828 angered Southern states, who relied on imported goods and foreign trade, contributing to rising sectional tensions before the Civil War.
Smoot-Hawley Tariff (1930):
Retaliation: Other countries imposed retaliatory tariffs, worsening global trade.
Economic Decline: It deepened the Great Depression by reducing international trade and stifling economic recovery.
Consensus Against Protectionism: The economic fallout shifted U.S. policy toward free trade in subsequent decades.
High tariffs helped some industries but often hurt the broader economy by reducing competition and trade. This complexity is crucial to understanding the full historical impact.
What should I invest in to win this tariff thing stock wise ?
Appreciate the detailed breakdown! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
Who wants to work a Manufacturing job? I did for 30 years and it sucked. I'm retired so good luck to the rest of you with this wonderful occupation.
How did you retire so young?
Better that people work in factories and farms than live on handouts from big daddy government.
That’s just YOUR opinion. I’ve worked in manufacturing since 1985 and STILL like it
@@LP-bt4jkhe’s not young, he worked for 30 years
No one does but some people just do what they gotta do.
Other countries have tariffs why would it destroy us? This is a leverage play used to negotiate better terms for people in the USA. If we end up with more manufacturing back in the USA, I see that as a positive.
A month ago, you claimed the U.S. economy was unstoppable; now it's in grave danger? This abrupt shift seems inconsistent and needs explanation!
Remember he's just some random guy on TH-cam
He never said that. I think he has been bearish
Lower taxes? That will soar the national debt.
It's the republican way🤷♀️. It's why republican governments consistently have a higher deficit than democratic ones
No, not budgeting will soar the national debt, the stupid democrats way. Fml
Good thing Republicans won everything.
You forget…Tariffs also make a great negotiating tactic.
They don’t work. When have they ever. China has the power atm
Exactly!! Trump uses this because the United Stated has the most power economy in the world. People in the comment section are so dumb.
The US has load balled those countries long enough. I believe they are not willing to negotiate any lower as is
Thanks for the advice! Profited 50% last week. Thinking XAI107K$, ETH, and SOL. What’s your take?
Crazy time bro
It's not an opinion to claim tariffs are for the most part inflationary especially when there's no transition protection. Debt to GDP ballooned under Trump ***BEFORE*** covid due in large part because of tax breaks for the rich. Why should it be different this time and how is a ballooning debt *NOT* going to be inflationary also?
He wants to tax more from citizens to help fund big tax breaks 😂
Quit listening to MSM. He wants to ILLIMINATE TAXES
The oligarchy way lol
Yeah, also cut federal jobs, social security, veteran benefits😅 Only voters will suffer.
Also it's Impossible to match Chinese manufacturing, Even elon musk said that it's very very hard and Tesla is struggling with manufacturing not design ' on Joe Rogan'.
Oh you mean the tax break you’ve had since the Trump tax cuts kicked in…yes, that’s right…the whole tax cuts for the rich was a lie, all tax brackets got a tax cut, including me.
Okay commies
Makes no sense to bankroll and adversaries military machine either trade with people like this should have been limited a long time ago
Binance infinity ETH bug right now
I just made a video to show that/
I do not believe countries will agree to this. Actually it's in the US's best interest to work WITH their allies not against them.
Other countries have tarrifs on the US. They do not really have a say. They can adapt if they want to keep doing business. When taxes here go up it's passed onto consumers. I rather not pay taxes and choose what products I buy aka tax/tariff I pay.
They agreed the last time Trump was in office, why wouldn’t they agree now?
Yeah, like he is telling! Europe to buy more of your expensive oil and gas!
We in the UK and Europe aren't up for the orange bully!
It's going to be a massive shock when they realize the quality of the local goods is going to be equal to that of the Chinese products. However the price will be higher because labor does cost more here. So get ready for Walmart pricing for Dollar Store quality products, but at least its made domestically.
Most goods are produced almost completely by machines, wages only are a tiny amount of cost of products.
Love it ❤❤❤❤❤❤
I am a small business owner. I prefer lower taxes on my company. The tax code should be simple but it’s not. There are also other variables that will impact the economy and one is wages. You gave a brief history of tariffs but you should also give a brief history of wage increases for the average American. You also mentioned that corporations will get tax breaks and “maybe” the working class. History will show that under republicans corporations benefited mostly. It’s hard not to look at this whole situation without bringing politics into this. The information is ok but there is so much more information that should be added to your video for people to have a better understanding of what might come next for the economy in 2025.
Do you think tariffs will actually bring back any manufacturing jobs to the USA?
Alemio’s tokenomics are what impressed me the most. The balance between development and community incentives is spot on.
You said XAI135S$ will 100x in your last vid. Can you share more details? Everyone needs to know!
Theyll shrink the workforce , im sure alot of the manufacturing will be robotix and whatever is cheaper labor and i figure their will be a food shortage since the mass deportation of the agricultural & farm workers , try n put us citizens on the farm n missisipi or alabama n see how that works out self reliance n tarifs will crush middle class n below
Let's go back to 1913 tax rates.
Lets go back to 1960s tax rates
We do know the effects that tariffs had on our Farmers. Trump almost wiped then out then had to bail them out through subsidies
It is not rocket science to figure out the impact of tariffs on consumers.. The immediate impact that the host is not talking about is retaliation by other countries to impose tariffs of their own. It is misleading to say that manufacturing will return to US once the tariffs are imposed. Capital investments, retooling and training of skilled works required to manufacture many of the goods now made in China is in the order of trillion of $$.
We can’t grow avocados and bananas in the US.
We grow both, but in limited quantities.
Appreciate your knowledge
dear americans, I am chinese, tariffs won't bring manufacturing to your country but it will driven manufacturing out of my country, because our factories whose primary market is the US will move to somewhere else like southeast asian countries or india which might have even cheaper labour and lower tariffs but not going back to your country, minimum wage in the US is around $15 per hour while in asian countries is $2 -$4 , you can't compete with those countries.
This is correct. It is a fantasy that manufacturing is going to return to what it once was in the US.
Everyone assumes that a 25% tariff would raise prices by 25%. And that may be true on some purchases. But everyday items being made by near slave labor in foreign nations typically carry 200%+ profit margins and they will absorb the tariffs from their profit margins in order to stay relevant here in America.
We don't asume, the CEOs literally said they're preparing for the tarrifs of next year-- they're already planning to raise prices.
@ Let’s bend over for foreign CEOs because they make threats. 😂 Our current administration falls for that nonsense, not Trump.
Big shoutout for mentioning XAI107K$ and SUI. These two look like the future to me. Holding both tight!
Why can’t US GOVT INCENTIVIZE CORP TO BRING BACK THE TRILLIONS OF DOLLARS IN TAX HEAVENS TO ONSHORE ?
For XAI401C, Be greedy when others are fearful - Warren Buffet
Many high energy uses from Europe already moving their businesses to USA because of our cheap clean energy’s
Whether anyone out there noticed or not, Trump himself said that he expects prices to go up initially, but they should drop back down as the tariffs take full effect. BUT THE WONDERFUL NEWS NEVER TELLS THE REST OF THE STORY. Per usual.
You think 3 billionaires Don ,Elmo,Vivy
Care about you Han and Eggers ?
And how tariffs will affect you ?
Elmo is going to have fun with the USA. And the American people knew this on voting day.. it’s too late!!
Its simple. If you implement terrif, it means the consumer pays more for those ptoducts.
If the goal is met to force companjea to manufacture inside the US then it mean the same product now will cost more than they do now coming in from overseas. For the simple fact that it cost apple US 5000 a year per worker to produce an iphone in produce in china. But now if the close those overseas manufacturing facilities and move manufacturing to the US then it will not cost apple 75, 000 per worket per year to produce the same phone.
People dont trick yourlves, manufacturing is not coming back to the US and if it does, then people will not have the money to afford these items that would now be produced in the US.
Its simple a b c
Ive stared buying XAI401C ,and staked them.
I believe if Americans pull up there boot straps an come willing to work an create new company’s, more jobs, fill agricultural positions that most don’t want, we could literally turn America self reliant. But I don’t think it would happen, too many unwilling to take or get jobs an contribute. We may not reduce cost but could level it out an grow the economy an raise wages, etc after that.
I agree with bringing manufacturing to the US.
How many years will it physically take for companies to relocate back into the US and start production again, all while Trump has booted out all the cheap labour very much needed? There has to be a time lag between introduction of tariffs and manufacturing to relocate, that is if these tariffs work in doing that.
Honestly, I was on the fence about this presale, but the more I read about Alemio, the more convinced I became. The AI integration is brilliant!