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The week Trump nearly crashed the world economy

Garys Economics

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Understanding Tariffs and Trade Deficits

This chapter analyzes the complexities surrounding the Trump administration's tariffs and their impact on domestic and international economies. It discusses the foundational economic concepts like trade deficits and the unintended consequences of tariffs on low-income populations, particularly in developing countries. The speakers advocate for public involvement and a nuanced approach to economic policy rather than reliance on simplistic solutions from political leaders.

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