The Tom Woods Show Ep. 2631 What's Motivating the Tariffs, and What to Do in a Tariff World
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Apr 12, 2025 Dominic Frisby, a business and financial expert, dives into the intricacies of tariff policies during the Trump administration. He discusses how these tariffs affect various industries, particularly American companies reliant on Chinese goods. Frisby delves into the historical context of tariffs, highlighting unintended consequences. He also shares insights on resilient investment strategies amid market volatility, emphasizing the psychological aspects of investing in uncertain times. Expect practical advice and engaging anecdotes from his experiences in the financial world.
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Tariffs Here to Stay
- Trump's tariffs are likely here to stay, regardless of public opinion.
- He's been considering this for years and won't back down quickly.
Unintended Consequences
- Focusing only on consumer prices and mocking low-price concerns are rhetorical mistakes.
- Unintended consequences can arise, like the tariffs of 1816 contributing to the Civil War.
Tariffs and Wealth Divide
- Trump's tariffs aim to help the working class, who are less exposed to stock market fluctuations.
- The wealthiest 1% own 50% of US stocks, while the poorest 50% own just 1%.
