Rebel Capitalist News Richard Werner On Trump Tariffs (Reaction)
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Apr 10, 2025 Richard Werner, an economist renowned for his insights into banking and quantitative easing, dives into the complexities of tariffs. He analyzes Trump-era tariff impacts, debunking myths about their effectiveness on trade deficits. Werner explores the historical role of tariffs in shaping U.S. trade dynamics and argues for strategic approaches to tariff implementation in developing economies. He suggests that selective tariffs could revive U.S. manufacturing while cautioning against aggressive strategies that may harm growth.
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Zero Tariffs Ideal
- Richard Werner suggests that zero tariffs between countries, like the US and China, would be ideal.
- This would create a win-win scenario, benefiting both economies through increased trade.
Trade as Wealth Source
- International trade is the primary source of wealth creation for nations.
- Wealthy countries consistently demonstrate a pattern of importing raw materials and exporting high-value-added goods.
Strategic Tariffs for Developing Economies
- Developing economies can use tariffs strategically to protect growing industries.
- However, tariffs should only be applied to high-value goods, never raw materials.