Free The Economy Trade Myths (and Facts) with Prof. Michael Coon
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Apr 10, 2025 
Join Michael Coon, an expert in trade policy and tariffs from the University of Tampa, as he unravels the intricacies of modern trade dynamics. He discusses the recent complexities of tariff policies and the surprising realities behind global supply chains, using the iPhone as a case study. Coon challenges nostalgic views of manufacturing jobs while promoting a focus on innovation and adaptability for displaced workers. He also explains why society prioritizes certain trades over others, bringing clarity to the often misunderstood world of trade.
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Trade Deficits
- Trade deficits aren't inherently bad.
- Individuals and companies, not nations, conduct trade.
Balanced Trade
- Balanced trade with every nation is unnecessary.
- Countries have different sizes, populations, GDPs, and standards of living.
Lesotho's Tariff
- Lesotho, a small, landlocked country, faces a 50% tariff on its main export: diamonds.
- Lesotho primarily imports necessities, not luxury goods.
