The Bulletin Tariffs with David Bahnsen
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Apr 15, 2025 David Bahnsen, a prominent financial commentator and chief investment officer at The Bahnsen Group, dives into the complex world of tariffs. He clarifies how tariffs impact consumer prices and trade dynamics, drawing on historical perspectives from figures like Donald Trump. The conversation also addresses ethical sourcing issues and the benefits of free trade in reducing global poverty. Bahnsen emphasizes a market-driven approach to trade, advocating for equitable deals while reassuring listeners about maintaining long-term investment strategies amid market volatility.
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Tariffs: A Tax on Imports
- Tariffs are taxes on imported or exported goods, paid by the importer.
- They impact consumers through higher prices, especially when limited options exist.
Trump's View on Trade Deficits
- Donald Trump views trade deficits as problematic, believing countries selling more to the US are "ripping us off".
- He uses tariffs to address this, mixing economic concerns with national security and human rights issues.
Tariffs and Slave Labor
- Arguments for tariffs often conflate economic competition with slave labor.
- While opposing slave labor, Bahnsen argues tariffs don't solve the issue and cheaper labor benefits consumers.