How the Trump administration is using tariffs as a negotiating tool to weaken the U.S. dollar and increase the global competitiveness of U.S. manufacturers. Topics covered include: Why U.S. stocks are falling, and recession risk is increasing How the U.S. dollar as the reserve currency is becoming a burden on the U.S. How the Trump administration aims to reduce its trade deficit and make it less attractive for foreign governments to own U.S. assets What are the risks of … [Read more...]
427: Did the Tariffs Work? The Trade War Five Years Later
What has been the impact on trade and the trade deficit since the U.S. implemented tariffs on steel, aluminum, and goods made in China? Topics covered include: Has the shipping backlog been reduced at U.S. ports What are the dangers of running too high of a trade deficit How large is the U.S. trade deficit What has been the impact of U.S. tariffs on trade, domestic production, and prices How Chinese direct-to-consumer retail companies Shein and Temu are driving prices of … [Read more...]
Is A Dollar Collapse Coming?
Will stagflation cause the dollar to crash and be a bottomless pit when the next recession hits? That is what Peter Schiff is predicting. We look at where he is right and where he seems to be off the mark when it comes to the U.S. economy and a dollar collapse. In this episode you’ll learn: Is an economic recession overdue? Why running ongoing trade deficits leads to higher private sector debt balances. Why interest rates and savings is not too low. Why the U.S. … [Read more...]
212: Trade Wars Increase Prices and Poverty
How a complex global trade system has reduced poverty, raised incomes, increased productivity, and lowered prices while a trade war will reverse those trends. In this episode you’ll learn: Why does the U.S. run such a huge trade deficit with China. What has the U.S. tariff rate on imports been historically. How global trade decreased poverty. Why there are both good and bad unintended consequences. How businesses adapt to tariffs. Show Notes The Power Economy by John Oliver … [Read more...]
195: Has A Trade War Begun?
Why duties and other actions are necessary to address trade disputes, but across the board tariffs are a blunt instrument that can lead to a devastating trade war and global recession. In this episode you’ll learn: Why trade deficits are not always bad.How frequently has the U.S. government taken trade actions to protect national security.To what extent have steel and aluminum imports harmed U.S. domestic producers.What are the risks of using across the board tariffs … [Read more...]
144: Trade Deficits Aren’t Always Bad. Trade Wars Are.
What causes trade deficits and how they can both help and hurt a country's economy. In this episode you'll learn: How GDP is calculated. How imports can both help and hurt an economy. How the balance of payment components of the current and capital accounts offset each other. How trade deficits can be caused by the amount of investment capital flowing into a country.. Show Notes Video of cleaning the beach in Tulum, Mexico Analysis of Trump's Economic Plan by … [Read more...]
