Called 2 Action - Trade Tariffs are Here, Now What?
Show Notes:
- President Donald Trump recent imposed trade tariffs on imported steel and other metals.
- We are buying more products than we are sending abroad, creating an enormous trade deficit.
- Trump thinks the tariffs will narrow the deficit. History has proven otherwise.
- Canada, Mexico, and Australia has struck a deal to be exempt from the tariffs.
- 25% on Steel and 10% on Aluminum from specific countries.
- In retrospect, this shouldn't be as big of a deal as the media is making it out to be. The tariffs are very minimal as compared to where they were in history.
- Historically, tariffs have shown to not work as intended. More of a short term fix.
- Hopefully this will cause American companies to get their financial houses in order.
- For more, including the impact tariffs will have on the consumer, listen to the full interview.