100% Tariff On De-Dollarization - Trump Proposes New Tariff On Any Country That Abandons The Dollar

100% Tariff On De-Dollarization - Trump Proposes New Tariff On Any Country That Abandons The Dollar

Oct. 16, 2024

U.S. DOLLAR COLLAPSE - FOLLOW THE MONEY

World Affairs In Context

At a recent rally in Wisconsin, former President Donald Trump bragged about being a “tariff president.”

“We’re going to be a tariff nation,” he said. “It’s not going to be a cost to you. It’s going to be a cost to another country.”

“They’re not going to have higher prices,” Trump said. “What’s going to have – and who’s going to have higher prices, is China and all of the countries.” Who he pretends, have been ripping us off for years.

Economists say Trump refuses to acknowledge that when tariffs are imposed, American consumers usually end up paying more.

When asked if there’s any scenario where what Trump is proposing would help lower costs for everyday Americans, Hufbauer simply said, “No, no.”

Tom Fullerton, an economics professor at the University of Texas at El Paso, also said “no” when asked if it seems, based on how Trump speaks about tariffs, that the former president understands how they work. Like Trump, Fullerton studied economics at the University of Pennsylvania's Wharton School of Business.

“When I hear that Donald Trump has said things like this, as a fellow Wharton alumnus, I wonder what he was doing in his economics classes,” Fullerton said.

Join the community: https://www.worldaffairsincontext.com

https://www.youtube.com/@lenapetrova

Original: https://youtu.be/xO0dFOQ6bHo

=

Economics - Finance - News - Commentary and Analysis

I self-produce 100% of my content and would be grateful for your support!
https://paypal.me/LenaPetrovaChannel

YouTube: https://www.youtube.com/@lenapetrova
Rumble: https://rumble.com/c/LenaPetrova
Substack: https://lenapetrova.substack.com/
Patreon: https://www.patreon.com/LenaPetrova
Locals: https://lenapetrova.locals.com/
Telegram: t.me/LenaPetrovaOnTelegram
X: https://twitter.com/LenaPetrovaOnX
Instagram: https://www.instagram.com/lenapetrovacpa/
Facebook: https://www.facebook.com/lenapetrovacpa/
YouTube - Small Business, Tax, Finance: https://www.youtube.com/@lenapetrovaCPA