The Team House Tariffs & the National Security Counsel Gets Gutted | EYES ON GEOPOLITICS
Apr 7, 2025
Mick Mulroy, a former Deputy Assistant Secretary of Defense and CIA officer, and Andy Milburn, a retired Marine Corps Special Operations officer and author, dive into the complex world of tariffs and their impact on trade dynamics. They discuss the recent overhaul of the National Security Council and the challenges surrounding military strategies in the Middle East, including operations against the Houthis and nuclear negotiations with Iran. The conversation also highlights the decline in historical knowledge and comprehension in today's society.
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Tariffs as Tax Increase
- Tariffs are essentially a tax increase on consumers, potentially the largest since income tax began.
- This will affect all income levels, including those on assistance, as their purchasing power decreases.
US Economy and Tariffs
- The US economy has outperformed the G7 in recent decades, raising questions about the need for tariffs.
- Protectionist policies historically correlate with economic downturns, like the Great Depression.
Inflation and Reciprocal Tariffs
- Tariffs will likely worsen inflation as most goods are not American-made.
- China's reciprocal tariffs on US goods further compound the negative economic impact.
