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Impact of Trump's Tariffs on Americans Explained

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Composite of GV Wire's Jamie Ouverson and Hundred Dollar Bills
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President Donald Trump’s international trade war might have made sense from an American perspective in the 19th century.
Certainly, Trump is to be commended for trying to protect U.S. patents, trade secrets, and intellectual properties. China, as we know, doesn’t always play by the rules. He’s also trying to support American-made steel and aluminum.

Tariffs vs. Global Economy

But, in today’s global economy, parts manufactured in several countries might be assembled into a finished product in yet another country. And consumers worldwide make billions of decisions every day based on price, quality, and speed of delivery.
A tariff — while somewhat mysterious to many Americans — is really quite simple. It’s nothing more than a tax. One that is dipping deep into American wallets, even as the president boasts about creating and protecting U.S. jobs.

Capitalizing on Tariffs

In the video above, I explain tariffs, the president’s trade war, and how some American companies used Trump’s tariffs on Chinese goods as an opportunity to raise their prices and increase their profits.
Remember: Free trade is best for consumers.

 

Jamie Ouverson is a Creative Producer for GV Wire. She joined GV Wire in September 2017 with over a decade of experience in high-end television production. Jamie specializes in fully produced content for both web and TV. She has a wide range of skills with extensive experience in production management, producing, post-production editing, filming, directing, and writing. She has worked for FOX, DISNEY, and ESL Gaming Network as a camera operator for nationally syndicated shows, including exclusive on-site access to film the Oscars and Primetime Emmys for multiple years. Jamie is a dog lover and athlete who enjoys softball, cycling and golf year-round and spends the winter months in the mountains snowboarding the Sierras. Send an Email to contact Jamie.