Tom Bilyeu's Impact Theory

Trump’s Trade War w/ Canada Is Just Getting Started!" | Edward Fishman PT 1

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Mar 11, 2025
Edward Fishman, a global economics expert and former State Department lead, dives into the U.S.-China economic landscape. He highlights the vulnerabilities of America's reliance on foreign supply chains, particularly during tensions over tariffs. Fishman warns that economic isolation can lead to conflict, stressing the value of strategic domestic production initiatives like the Chips Act. The discussion reveals how tariffs can backfire, impacting relationships with allies and influencing inflation and the manufacturing landscape.
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INSIGHT

Tariff Risks

  • Tariffs can be strategic tools for protecting industries, but overuse can hurt domestic production and allies.
  • Overreliance on tariffs discourages investment and risks escalating economic isolation into conflict.
ADVICE

Domestic Production Incentives

  • Incentivize domestic manufacturing of strategic goods like semiconductors and technologies.
  • Employ tariffs strategically against countries with significant trade deficits or who pose a risk of weaponizing resources.
INSIGHT

Trump's Tariff Tactics

  • Trump uses tariffs as leverage in negotiations, citing national security concerns like fentanyl and migration.
  • This tactic, while potentially effective, can harm American industries dependent on foreign inputs.
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