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E 238: Trumps Tariffs, Fair Trade & America's Rebalancing Strategy Explained
Manage episode 476444318 series 3442631
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First and foremost, take a chill pill Chicken Little! The lefts Black Monday crash never arrived but boy did we get 75 some nations to reach out and express interest in renegotiating or removing Tariffs on the US!
This has proven to be a rather historic week on the Global stage. Doomsayers anticipated that most nations would retaliate against Trumps move to insist on reciprocal tariffs and fair trade. Turns out, his strategy to bring nations to the rebalancing table worked.
Trump announces tariffs on most of the world who’ve been treating America like their sugar daddy, except Daddy hasn’t been getting any sugar for himself. So he’s demanding fair and equal tariffs on imports, which means America will now raise many tariffs to the same level as we’ve been paying for decades. World leaders are now beating a path to the Whitehouse for exemptions or to make deals. Some countries like Argentina, Vietnam, and Israel have removed their tariffs on US goods all together.
From Jeff Childers: “A few comments. Between this budget package, the stock market, and the global tariffs, progressive “economic experts” have been doom crying about recession and malaise, and prophesying general economic collapse."
“But they have no idea what they are talking about. Nobody has ever trieed this kind of radical fiscal surgery on the American economy before. Between the tax cuts, slashed regulations, pruned federal overhead, DOGE recoveries, stimulus provisions, and the whole-of-government effort, there is simply no way the experts can really predict the outcome.
“We are on a whole new economic map. The 1981 Reagan cuts and deregulations came close in ambition, but lacked the global trade disruption; the New Deal was a spending surge, not a tax-slashing one. This is genuinely new. It’s a 5-D economic puzzle.
“I would describe it as Trump giving himself multiple ways to win. The beauty of this, from Trump’s angle, is he doesn’t need every piece to fully succeed. Tax cuts spark a boom? Win. Tariffs bring factories back? Win. Deregulation unleashes a sector like energy? Win. DOGE cuts stabilize the budget? Win. Any combo that delivers jobs, growth, or a "strong America" vibe could claim victory. “It’s a bold, multi-front offensive. Success on any axis could cement his legacy.
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