Governments love to tell you tariffs are about “protection. But protection from what–affordable goods? A higher quality of life?
In today’s podcast, we dig into how the new tariff policies will play out.
We discuss:
Examples from Uruguay and Colombia which make basic goods like TVs and cars more expensive in their countries, and lower their quality of life.
The illusion of “protecting domestic industry” when the US slaps high tariffs on imports we don’t even make–like socks from Vietnam or underwear from Bangladesh.
Why taxing something always leads to less of it.
How even American made goods will become more expensive due to tariffs on raw materials.
The absurd bureaucracy and armies of customs agents required to enforce tariffs when, for example, a ship flies a Panamanian flag, with a Danish crew, Swiss owners, and Zimbabwean cargo.
How tariffs are alienating friendly nations and pushing them into China’s sphere–giving Beijing a golden opportunity to reclaim economic dominance.
Why tariffs are just the first phase of control and how this escalates from trade wars, to capital controls– and hopefully not a shooting war.
You can listen here.
