Will The 2025 Tariffs Destroy The Economy

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[MinorityMindset]

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[jeffDwyer]

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..

[Eddy-ovtx]

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

[JV-irzw]

The Smoot--Hawley Tarrifs Act of 1929 was terrible for the economy back them

[JOSHLOCO]

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.

[daviddruggish]

No but greed will and it's going unnoticed or disguised as inflation.

[chriscarmona]

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.

[s.m.]

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?

[MyLoganTreks]

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.

[hojo]

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.

[luar]

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…

[Courtneey]

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.

[RandomGuy-Fen]

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.

[lr]

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.

[MSMonkShare]

Would have liked to see more historical examples of how tariffs impacted economies.

[Cypherclothing]

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.

[gcs]

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.

[CarolineErikxon]

I enjoy listening to you because you speak in a way that makes me understand. Clear english !

[icontrolmyownguns]

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.

[ccc]

England raised a tariff on tea back in the 1773 and it started the Boston Tea Party