A lot to unpack here, no idea who this bloke is, but he's very bright. I like his idea that what we're seeing now is huge wealth transfer - again. That's because the US must always import some things, it simply has to. So these imports will be tariffed, making the price of everything in the US much higher. The US doesn't have the manufacturing capacity to substitute with its own output.
So, people on lower incomes will pay higher prices, an effective tax in other words. Small business will be driven to the wall, they're collateral damage. The winners will be large corporates which can fund the imports, and the difference between retail prices and the cost of production will be subsidised by the taxpayer. The people end up paying twice, another wealth transfer. Sounds logical, and explains why the takedown of the US economy.
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