?? New Podcast Alert!?? Former president Donald Trump won his reelection by promising lower living costs for all Americans, partly by increasing tariffs on imports. Making foreign goods more expensive to boost American manufacturing and increase the purchase of American made goods is the story people tell to make tariffs sound good…but who actually pays the price? Literally, as in who pays the tariffs, and who ultimately ends up footing the bill? In this episode, I explain the mechanics of tariffs, their impact on the economy, and how to prepare for them before they come. Listen to learn: ?? How do tariffs actually work? ?? Who pays the imposed tariffs? ?? How will they impact the economy? ?? How businesses are currently reacting to the tariffs ?? What you should consider doing before tariffs take effect ?? Which socioeconomics groups will be affected the most by tariffs? ?? What do tariffs have to do with inflation? Watch on YouTube or listen on your favorite podcast platform! Links in comments ??
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?? New Podcast Alert!?? Former president Donald Trump won his reelection by promising lower living costs for all Americans, partly by increasing tariffs on imports. Making foreign goods more expensive to boost American manufacturing and increase the purchase of American made goods is the story people tell to make tariffs sound good…but who actually pays the price? Literally, as in who pays the tariffs, and who ultimately ends up footing the bill? In this episode, I explain the mechanics of tariffs, their impact on the economy, and how to prepare for them before they come. Listen to learn: ?? How do tariffs actually work? ?? Who pays the imposed tariffs? ?? How will they impact the economy? ?? How businesses are currently reacting to the tariffs ?? What you should consider doing before tariffs take effect ?? Which socioeconomics groups will be affected the most by tariffs? ?? What do tariffs have to do with inflation? Watch on YouTube or listen on your favorite podcast platform! Links in comments ??
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?? New Podcast Alert!?? Former president Donald Trump won his reelection by promising lower living costs for all Americans, partly by increasing tariffs on imports. Making foreign goods more expensive to boost American manufacturing and increase the purchase of American made goods is the story people tell to make tariffs sound good…but who actually pays the price? Literally, as in who pays the tariffs, and who ultimately ends up footing the bill? In this episode, I explain the mechanics of tariffs, their impact on the economy, and how to prepare for them before they come. Listen to learn: ?? How do tariffs actually work? ?? Who pays the imposed tariffs? ?? How will they impact the economy? ?? How businesses are currently reacting to the tariffs ?? What you should consider doing before tariffs take effect ?? Which socioeconomics groups will be affected the most by tariffs? ?? What do tariffs have to do with inflation? Watch on YouTube or listen on your favorite podcast platform! Links in comments ??
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Listen now: https://ow.ly/8jyO50Qx4i3 Do you understand how tariffs work on imports of Chinese goods? Listen to our latest podcast episode to learn about the economic dynamics behind tariffs and their impact. #supplychainbrain
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?? Breaking: Morgan Stanley's latest analysis on potential US tariffs paints a stark picture for global markets. Key takeaways: 60% tariffs on China + 10% universal tariff could raise US inflation by 0.9% and slash GDP by 1.4% Electronics, furniture, and apparel sectors bracing for 30%+ tariff rates CNY may weaken 5-8%, with USDCNY potentially reaching 7.8-8.0 Mexico's nearshoring boom at risk, with US imports from Mexico hitting ~$470B in 2023 What does this mean for your business strategy in a shifting geopolitical landscape? Let's discuss how to navigate these choppy economic waters. Share your thoughts below! #EconomicOutlook #TradePolicy #GlobalMarkets #FinancialStrategy #GeopoliticalRisk
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“The consequences would be far-reaching: Americans would be hit by higher prices for grocery staples from abroad, such as fruit, vegetables and coffee. Domestic firms dependent on imports would need to either figure out new supply chains or raise costs for consumers. U.S. manufacturers would almost certainly see sharp declines in orders from abroad as foreign nations impose retaliatory tariffs.” Tariffs, if raised 10% on all imports and 60% on Chinese imports (Trump’s threat), will undoubtedly drive inflation up which will force interest rates up. Read the article to better understand how the tariffs would negatively impact agriculture, automotive, retail, housing and certainly commercial real estate.
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This Economist piece () is a fresh reminder of the ongoing discussion around tariffs. Tune in to our latest podcast episode to learn why you shouldn't fear tariffs: https://buff.ly/49XB6J7
Donald Trump’s former trade chief makes the case for more tariffs
economist.com
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New US Tariffs and Port Volumes: Supply Chain Update. The latest newsletter from Bloomberg discusses the impact of new US tariffs and the race to import goods before these tariffs take effect, which is contributing to an earlier-than-usual peak season at West Coast ports. These changes are significantly affecting supply chain dynamics, influencing the movement of goods and operational efficiencies at major ports. The article provides insights into the current state of trade and logistics, highlighting the challenges and adjustments companies need to make in response to these developments. Read more: https://lnkd.in/edEZ9WCA #SupplyChain #Tariffs #Trade #Logistics #PortVolumes #USTrade #BloombergNews
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A race to bring goods into the U.S. before more tariffs on Chinese goods kick in, combined with continued route diversions related to instability in the Red Sea, are both factors leading to a premature peak season, capacity crunch on Pacific trade lanes, and elevated freight rates at West Coast ports. Regarding tariffs, any cost that is added at the border on a good is going to drive up the cost to consumers.
US Companies Boost Imports in Rush to Avoid Tariffs
bloomberg.com
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I suspect we will be writing a lot about the impact of tariffs, counter tariffs and other trade measures in the next months. Actually, we could probably make a living doing nothing else. Ultimately, estimating the knock-on effects of what starts out as a tax on imports is as complex as the underlying supply chains linked to each individual product. This article eases into the topic and focuses on how the US trade imbalance has developed over time - and which countries (and products) are likely to see the biggest impacts. The top 5 trading partners - Mexico, China, Canada, Germany and Japan account for about half of US trade value. Automotive products, transportation equipment, industrial and tech equipment will be the battlegrounds. #tariffs #USA #globaltrade https://lnkd.in/gRwzkHFr
US Trade Imbalance Examined - Trade Data Service
https://www.tradedataservice.com
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Will you be paying more for your jeans and bourbon? Every so often trade tariffs become a news story. The re-election of Donald Trump to President of the USA has created speculation as to whether he will increase the trade tariffs on imports into the US and the impact globally. It is just that at the moment; speculation. If Brexit has taught us anything it is that many commentators and politicians don't actually know how tariffs work. So if you do trade with the US or any overseas nation for that matter then it is probably best to look at how you can make your supply chain more resilient to potential customs barriers. We live in a very changeable economy. But ignore the noise. So will we paying more for our jeans and bourbon in future? . Yes as sure as we are about night following day. Its just we don't know why.
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Watch on YouTube: https://youtu.be/vvZcxCIvpzA Listen online: expansiveceo.com/podcast