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Trump's Tariffs are a Misguided Solution Trump argues that the world is screwing the US with unfair trade practices and that tariffs will level the playing field. But the truth is our trade deficits aren’t because of foreign cheating, they’re because of our uncompetitive economy

Peter Schiff

1,356,556 subscribers

80,062 görüntüleme • 1 yıl önce •via X (Twitter)

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11 Yorum

Simple Mining profil fotoğrafı

Simple Mining1 yıl önce

Still doesn't mean they should be charging us way more than we charge them. We are the United States of America.

Slingshot News profil fotoğrafı

Slingshot News1 yıl önce

🚨EXCLUSIVE: Here’s How Donald Trump Can Break China’s Battery Monopoly What do YOU think about this idea? Let us know in the comments ⬇️ Be sure to follow @NewsSlingshot for more exclusive reports!

Gat profil fotoğrafı

Gat1 yıl önce

Do you hate tariffs? Or do you just hate Trump

Crypto Lord profil fotoğrafı

Crypto Lord1 yıl önce

Oooo sftu you old btc lettuce hand

Bitcoin Collector. profil fotoğrafı

Bitcoin Collector.1 yıl önce

It worked in 2016 and it will work again.

Jakub Wozinski profil fotoğrafı

Jakub Wozinski1 yıl önce

The EU doesn't have more competitive economy, yet it generates almost $200 trade surplus with USA

PepeBrandAlpha profil fotoğrafı

PepeBrandAlpha1 yıl önce

Sounds like someone has been getting rich off cheating the American taxpayer @PeterSchiff COPE!!

TheKnightofEvening profil fotoğrafı

TheKnightofEvening1 yıl önce

????? 🤔

Dmitri_us 🔥 profil fotoğrafı

Dmitri_us 🔥1 yıl önce

Peter what if Bitcoin is a winner ?

u-235 profil fotoğrafı

u-2351 yıl önce

Every year we have a 3 trillion difference in spending that leads to the defect. If countries paid the same % tariffs they charge us. We would easily have a surplus in a couple months.

DustinClouse profil fotoğrafı

DustinClouse1 yıl önce

You are massively long Chinese stocks and refuse to apply the same logic to them that you do the US. You are lobbying for stock welfare that benefits your portfolio

Benzer Videolar

.President Donald J. Trump: "You have other countries that are only there because of us... they have massive purchases from us, and we have deficits with them. And the tariffs have brought that back a long way. Our trade deficit is down 68% in one year. Think of that!"

.President Donald J. Trump: "You have other countries that are only there because of us... they have massive purchases from us, and we have deficits with them. And the tariffs have brought that back a long way. Our trade deficit is down 68% in one year. Think of that!"

Rapid Response 47

91,496 görüntüleme • 16 gün önce

PRESIDENT TRUMP: "Our deficits are way down because of tariffs. I guess because of the election because without the election, you wouldn't have tariffs."

PRESIDENT TRUMP: "Our deficits are way down because of tariffs. I guess because of the election because without the election, you wouldn't have tariffs."

Fox News

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Secretary Howard Lutnick on President Trump's strategy of leveraging tariffs to create a level playing field for America: "The world owned $24 trillion more of our assets than we owned of theirs. When people argue that the trade deficit is nothing — the trade deficit sends $1.2T of our dollars to them. And what do they do with it? The world has bought America out from under us. President Trump has finally changed this."

Secretary Howard Lutnick on President Trump's strategy of leveraging tariffs to create a level playing field for America: "The world owned $24 trillion more of our assets than we owned of theirs. When people argue that the trade deficit is nothing — the trade deficit sends $1.2T of our dollars to them. And what do they do with it? The world has bought America out from under us. President Trump has finally changed this."

U.S. Commerce Dept.

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Kinzinger: He has a fundamental misunderstanding of the role of tariffs. He really believes that the US is going to get very rich from tariffs. And this is going to close the budget deficit. That's not the reality. Tariffs should be used if you're fighting real unfair trade practices, but not against your friends, and not because you think you can raise money with it

Kinzinger: He has a fundamental misunderstanding of the role of tariffs. He really believes that the US is going to get very rich from tariffs. And this is going to close the budget deficit. That's not the reality. Tariffs should be used if you're fighting real unfair trade practices, but not against your friends, and not because you think you can raise money with it

Acyn

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Taoiseach of Ireland to Trump: "The US is the largest economy in the world. Ireland is small. We need free and fair trade to make our way in the world, and we'd like to see as few tariffs get in the way of that as possible"

Taoiseach of Ireland to Trump: "The US is the largest economy in the world. Ireland is small. We need free and fair trade to make our way in the world, and we'd like to see as few tariffs get in the way of that as possible"

Headquarters

170,154 görüntüleme • 4 ay önce

President Trump is using tariffs as a powerful tool to reduce our trade deficit and put America First after decades of unsustainable trade deficits that threaten our economic sovereignty and national security. The Trump administration continues to engage with our trading partners to achieve fair, balanced, and reciprocal trade.

President Trump is using tariffs as a powerful tool to reduce our trade deficit and put America First after decades of unsustainable trade deficits that threaten our economic sovereignty and national security. The Trump administration continues to engage with our trading partners to achieve fair, balanced, and reciprocal trade.

United States Trade Representative

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#WATCH | South Carolina | On US court blocking Donald Trump's tariffs, Ray Vickery, Former United States Assistant Secretary of Commerce for Trade Development, says, "...There're going to be appeals and it'll probably go up to the Supreme Court eventually. So this story is not over by any means. This federal court has decided that President Donald Trump and his administration have acted illegally in imposing tariffs across the Board, on the ten per cent tariff, and on the additional tariffs that were imposed on Canada and Mexico... The Trump administration has a misunderstanding in regard to trade deficits. Trade deficits are not necessarily something imposed just by unfair trade practices by another country, but they have to do with the United States' own saving and spending habits..."

#WATCH | South Carolina | On US court blocking Donald Trump's tariffs, Ray Vickery, Former United States Assistant Secretary of Commerce for Trade Development, says, "...There're going to be appeals and it'll probably go up to the Supreme Court eventually. So this story is not over by any means. This federal court has decided that President Donald Trump and his administration have acted illegally in imposing tariffs across the Board, on the ten per cent tariff, and on the additional tariffs that were imposed on Canada and Mexico... The Trump administration has a misunderstanding in regard to trade deficits. Trade deficits are not necessarily something imposed just by unfair trade practices by another country, but they have to do with the United States' own saving and spending habits..."

ANI

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.United States Trade Representative on President Trump's Section 301 tariffs: "We're going country by country, unfair trade practice by unfair trade practice, to try to target and eliminate these things and level the playing field."

.United States Trade Representative on President Trump's Section 301 tariffs: "We're going country by country, unfair trade practice by unfair trade practice, to try to target and eliminate these things and level the playing field."

Rapid Response 47

112,359 görüntüleme • 4 gün önce

Check out these headlines because the truth is the tariffs are working … trade deficit is shrinking ….. the US had a budget surplus in June of this year…

Check out these headlines because the truth is the tariffs are working … trade deficit is shrinking ….. the US had a budget surplus in June of this year…

MaggieWise ⭐️⭐️⭐️

11,390 görüntüleme • 1 ay önce

BREAKING: Rand Paul just told FOXBusiness news that Trump‘s tariffs are basically insane. He schools the president on trade deficits and the economy. “The higher the trade deficits the more prosperity. The lower the trade deficits the less prosperity.”

BREAKING: Rand Paul just told FOXBusiness news that Trump‘s tariffs are basically insane. He schools the president on trade deficits and the economy. “The higher the trade deficits the more prosperity. The lower the trade deficits the less prosperity.”

Brian Krassenstein

413,473 görüntüleme • 1 yıl önce

Ben Shapiro calls Trump’s tariffs the largest tax increase on Americans in history that will decimate the economy, and one that stems from a complete misunderstanding of how international trade works and a misunderstanding of trade deficits. Shapiro notes that the only time in history that the US had a trade surplus was during the Great Depression.

Ben Shapiro calls Trump’s tariffs the largest tax increase on Americans in history that will decimate the economy, and one that stems from a complete misunderstanding of how international trade works and a misunderstanding of trade deficits. Shapiro notes that the only time in history that the US had a trade surplus was during the Great Depression.

Ian Miles Cheong

6,405,882 görüntüleme • 1 yıl önce

The market is cheering President Trump’s trade deals. Many investors don’t understand how tariffs, any tariffs, can be a positive for the economy and stocks. They are not. But the market did not correct on April 3 due to 10% or 15% tariffs. It corrected because of a left tail risk that a massive re-ordering of global trade was afoot. That risk is clearly off the table. The question of who “won” the trade deals is more nuanced. On the surface, the U.S. is clearly getting great concessions from the rest of the world. But as I report from Victoria, BC, the rest of the world is playing the long game. It is not so clear that the Machiavellian approach will help the U.S. over a longer time horizon.

The market is cheering President Trump’s trade deals. Many investors don’t understand how tariffs, any tariffs, can be a positive for the economy and stocks. They are not. But the market did not correct on April 3 due to 10% or 15% tariffs. It corrected because of a left tail risk that a massive re-ordering of global trade was afoot. That risk is clearly off the table. The question of who “won” the trade deals is more nuanced. On the surface, the U.S. is clearly getting great concessions from the rest of the world. But as I report from Victoria, BC, the rest of the world is playing the long game. It is not so clear that the Machiavellian approach will help the U.S. over a longer time horizon.

Marko Papic

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The so-called experts said that President Trump's America First tariffs would fail, but they were wrong AGAIN. The latest economic numbers show the economy is turning around and we're seeing a historic amount of investment into the USA, all because of Trump's leadership on trade.

The so-called experts said that President Trump's America First tariffs would fail, but they were wrong AGAIN. The latest economic numbers show the economy is turning around and we're seeing a historic amount of investment into the USA, all because of Trump's leadership on trade.

Nate Morris

35,645 görüntüleme • 5 ay önce

Canada is our neighbor, but is not America's friend on trade. They try to screw us, and are one of the worst globally. That's aside from Canadian forest fires polluting our air. President Donald J. Trump' Section 338 tariffs are addressing Canada's discriminatory trade practices.

Canada is our neighbor, but is not America's friend on trade. They try to screw us, and are one of the worst globally. That's aside from Canadian forest fires polluting our air. President Donald J. Trump' Section 338 tariffs are addressing Canada's discriminatory trade practices.

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Hassett on Trump admitting his tariffs policies are not in fact in response to any sort of emergency: "The bottom line is that because of President Trump's tariffs we've got a booming economy"

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WATCH: Bob Lighthizer, the mastermind behind Trump's trade & tariffs, STUNNED Tucker Carlson with an insane stat. "So, we have transferred about $20 trillion worth of our national wealth and I would say the future income of that wealth overseas in return for current consumption." The United States is BROKE and nearing bankruptcy, and it's because the Neocons that hijacked our foreign & trade policy since World World II shipped all industries to foreign countries. This is what Trump is trying to fix, but we have corrupt judges who have never worked a real job in their lives, constantly ruling to delay and deny.

George

589,088 görüntüleme • 1 yıl önce