The Stupidity of Tariffs
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In this video we analyze Trump’s recently announced tariff policies.
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0:00 – 2:42 Intro
2:43 – 6:22 Trump’s First Term
6:23 – 9:51 The Case of Washing Machines
9:52 – 17:37 Trade Deficits
17:38 Are Tariffs Ever Good?
@wallstreetmillennial
January 15, 2026 at 3:33 pm
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@schrecksekunde2118
January 15, 2026 at 3:33 pm
they tariff our stuff and we boycott theirs a classic win-win for us 😂
@StevieFQ
January 15, 2026 at 3:33 pm
I may be understanding this incorrectly but this from my POV was always a prelude to war. CN has been more bellicose in recent years which is causing the US to feel uncomfortable with its current situation.
ATM CN has way more industrial capacity than the US ever had so if anything happens they can easily win a war at home, What they can't do is project power across the ocean but that was never what CN wanted. They want to be masters of their corner of the globe and as long as that happens they're happy with it.
From an economics pov I agree with the video but from a strategic pov i think we're long past the point where safety and security were a given.
@TMS5100
January 15, 2026 at 3:33 pm
Tariffs are so stupid that nearly every country in the world does it to the US.
@steadystackin7250
January 15, 2026 at 3:33 pm
This got recommended to me today 😂
@calebmcgowan2493
January 15, 2026 at 3:33 pm
7:07 where was Lindsey Graham?
@calebmcgowan2493
January 15, 2026 at 3:33 pm
America 🇺🇸 is bankrupt and can’t pay its own bills, thus they must “raise the debt ceiling” to stay alive. This is like being bankrupt but in charge of approving one’s loan.
@kerwinbrown4180
January 15, 2026 at 3:33 pm
Tarriffs are so stupid the USA relied on them and grews strong up until the Civil War.
@jerodwolf5582
January 15, 2026 at 3:33 pm
Idk how the heck this guy was so religious about tariffs – the idiot kept pushing this crap like it's the economic holy grail
@fadecutmike
January 15, 2026 at 3:33 pm
Tell us what you really feel
@kricejr
January 15, 2026 at 3:33 pm
The steel jobs never recovered. I think U.S Steel co. Is foreign owned now?
@kricejr
January 15, 2026 at 3:33 pm
If you think tariffs are a bad idea wait till Putin gets here.
@selvoselvo1
January 15, 2026 at 3:33 pm
Well, the only real end of the Chinese competitive advantage is that Chinese labor becomes as expensive as the USA labor, and there is still a long way to go. And as they spend money wisely on increasing their capital equipment and infrastructure, even with an expensive labor force they will still reap better prices in the economy of scale and automatized processes. The collapse of the dollar can make the company valuation more reasonable. They will still be worth a lot in dollars, but in weaker dollars, as all foreign goods will become expensive imports will fall and ease the deficit problem.
@ezbody
January 15, 2026 at 3:33 pm
It's not going to stop there, we have madmen (and their supporters) at the wheel of the two largest countries in the world, God help us all.
@poyaispanic5269
January 15, 2026 at 3:33 pm
Now that the trade war is picking up steam, and US is getting hit with retaliatory tariffs, I am sure that all the dumbasses who were gloating about how genius US tariffs were and how all the beta cuck countries are capitulating to daddy Trump are going to apologize and start reading economy books, right? Right?
@mbgdemon
January 15, 2026 at 3:33 pm
Tariffs are not just economic policy, they’re geopolitical. They act as leverage for other negotiations and bolster physical possession of strategic industries. They do not have the same properties for different countries, as what tariffs can do for you strategically depends on your country’s position in the world order. Comparing, saw, Switzerland with the US is totally missing the point.
@HappyGoLuckyPanda
January 15, 2026 at 3:33 pm
I always remember when buffett talked about the same point on trade deficits. It would have been more important when the dollars were backed by Gold cuz the country with trade surplus would have actually acquired more Gold. But without that, they are just getting a piece of paper or "number" which they can invest or use in the country they traded with. Also, it's hard to take tariffs off because it becomes a revenue that politicians can count on for their budget
@lornaj3310
January 15, 2026 at 3:33 pm
I was wondering why washing machines are so expensive these days
@Alperic27
January 15, 2026 at 3:33 pm
🤣😂
@PlinyTheWelder
January 15, 2026 at 3:33 pm
It's so interesting how protectionism went from a left labor issue to a right nationalist issue over just 15 years.
The left glorification of the factory was always aesthetic. It was running on the fumes of Soviet realism art work and Che Gueverra T shirts.
The new right nationalist protectionism is also just aesthetic. Its running on the fumes of 1986 Budweiser and Dodge Ram commercials.
At the end of the day I'd prefer to not have to pay 25 percent extra for a new GPU.
@ADHD55
January 15, 2026 at 3:33 pm
American maga voters can't comprehend any form of logical satistics
@MRBell-kg4kr
January 15, 2026 at 3:33 pm
Ok what’s your solution how do you bring manufacturing jobs back without tariffs or isolationism? Or are we gonna say f you to 33% of the country
@Algimantaz
January 15, 2026 at 3:33 pm
Yess 🙏
@arynasabalenka3173
January 15, 2026 at 3:33 pm
What if foreign countries raise prices on their goods? Should the US rely on those countries being poor with low wages forever.
@killerrabbit4448
January 15, 2026 at 3:33 pm
The only reason for tariffs is to stop commercial relationships with other countries, not to generate revenue.
@233kosta
January 15, 2026 at 3:33 pm
South Korea is a particularly bad example if you're looking to highlight the "success" of fascistic industrialisation. They might look like an economic powerhouse, but it's all built on a mountain of debt (borne mostly by its citizenry), which is not a good place to be either.
@toji_9722
January 15, 2026 at 3:33 pm
Tarrifs only make sense if you think you inevtably going to war with china and want to prepare for that other than that it's stupid.
@live_in_thejoy
January 15, 2026 at 3:33 pm
Tariffs are excellent!
@daltonalbertin137
January 15, 2026 at 3:33 pm
Another super interesting video!! Keep up the outstanding content!!
@melhudson8448
January 15, 2026 at 3:33 pm
What if Trumps purpose for tariffs is to sew division?
Make Americans hate others.
@nbonasoro
January 15, 2026 at 3:33 pm
Internalizing externalities is basic economics.
International trade has negative externalities because it destroys communities (turns manufacturing towns into deserted ghost towns), helps our geopolitical adversaries develop their economy/gain leverage over us and our allies by forcing us to be dependent on them/develop tech that threatens our superiority and endangers our supply chains.
Tariffs internalize this negative externality. Seems economically sound to me.
Comments are closed.