@floweridforlove.2447
Building wealth is like climbing a mountain; investing is the steady ascent, retirement is the summit."
@GreggElliot
The tariff plan will evidently lead to high inflation, the high inflation is a significant reason why most retirees have sleepless nights. The increase in prices of everyday items puts them at risk of running out of money. As prices rise, the amount of money retirees can withdraw from their retirement savings also increases.
@Cads-n3i
This is hands down the best source of unbiased financial news and explanations
@travorray
Investors should focus on under-the-radar stocks given market volatility. With 35% of my $270K portfolio in fallen stocks, I’m unsure where to turn next.
@AstroSquid
Unless there is a competitive product in the US then tariffs are just tax for US citizens.
@trissyschool
The worst part is, companies are already talking about increasing prices more than 10%, just like they did in the pandemic. They know we are expecting increasing prices, so they will try to get the maximum they can squeeze from us.
@Ellipsis10
I’M AN IMPORTER…I PAY THE TAX and raise my prices to my retail customers who then raises their prices to consumers. It's 100% inflationary
@samsantana9348
I cant believe this was made 4 months ago before this trade tariff crisis, but well explained
@CalebLeverett
In my opinion, unless Congress significantly reduces spending (like, cut it in half as a starting point), then talk of tariffs is just another rearrangement of the chairs on the Titanic.
@gonnabehappy
It will still be cheaper to make in China even with 100% tariff. That is how large the cost gap is now. Meanwhile, US consumers will need to pay more without any new jobs created.
@doesitgame
Trump’s 2018 tariffs made steel prices explode. I have literal receipts from my suppliers.
@mbondematute6879
Wow, this guy just dropped a whole economics course on us😅 📚💡 and he did it perfectly 😊
@TeddyMrEthio
One thing to add: U.S. companies also use imported raw materials, services, and hardware to produce their products. As the prices of imports increase, it also forces U.S. companies to raise their prices, which are already uncompetitive (Vacum example in the video), to make up for the increased cost of production. Whichever way you spin this initiative, it's going to be inflationary. Thank you for the unbiased and informative videos!
@tynannicholas984
Can we all stop to appreciate how straight forward and unbiased this was. Well done sir!!
@bellissimo4520
In the interview at 1:10, Trump says "..when companies come in and they dump their products in the US, they should pay automatically let's say a 10% tax." This proves that he really believes that the company that sells their product to the US is actually paying that tax. He obviously actually does not understand that this tax is paid by the US importers and, eventually, customers.
@DavidTexas340
It took an Asian to explain and educate everyone 😂😂😂😂😂 Love it!
@Jmack1lla
We should not tarrif anything that we cannot feasibly produce, like coffee, chocolate, cheap clothing. We should target out tarrifs with a real endgoal or industry in mind.
@kagang8959
Two things not mentioned: (1) retaliatory tariffs (2) Price competition. If the Toyota in the example goes up in price by 3,000, any American brand that is price competing with the Toyota will raise their prices too, just because they can - its how capitalism works.
@valorusa4494
With all due respect that doesn’t stop Nike from still charging you $80 for a pair of sweatpants when they’ve only paid $4.25 to make it
@clearvaluetax9382