Part 9/11:
Critics voice against US tariffs, claiming they disrupt global trade systems. Yet, the argument countered is that historic tariffs across the global trade environment have put the US at an inherent disadvantage. The speaker argues that no substantial reform can occur in international trade unless the US addresses its own trade policies to reflect the inequitable trading conditions imposed by counterparts like the EU and China.
Future Projections and Taxation Policies
Looking ahead, it is projected that negotiations will lead to better positioning of tariffs globally. Signs suggest that China will need to come to the table, primarily concerning its notorious fentanyl production and related trade practices, as retaliation from the US remains a significant lever.