Abdullah Fayyad
๐ค SpeakerAppearances Over Time
Podcast Appearances
So the cost of production for American car companies is going to spike even if they are producing their cars here in the United States.
So the cost of production for American car companies is going to spike even if they are producing their cars here in the United States.
To be honest, I don't really know. I have no idea because I don't think it's possible for them to raise that much money. You know, tariffs used to generate a lot of federal revenue before we had things like an income tax. The reality, though, is that tariffs can't replace the income tax, especially in the way that Trump himself is talking about tariffs. Because
To be honest, I don't really know. I have no idea because I don't think it's possible for them to raise that much money. You know, tariffs used to generate a lot of federal revenue before we had things like an income tax. The reality, though, is that tariffs can't replace the income tax, especially in the way that Trump himself is talking about tariffs. Because
To be honest, I don't really know. I have no idea because I don't think it's possible for them to raise that much money. You know, tariffs used to generate a lot of federal revenue before we had things like an income tax. The reality, though, is that tariffs can't replace the income tax, especially in the way that Trump himself is talking about tariffs. Because
He's talking about tariffs as something that he will lift if countries agree to his terms on certain things. You know, like you can't really talk about this as a permanent revenue stream while also talking about it as a negotiating chip for other things. You kind of have to pick a lane and understand why you're implementing them in the first place.
He's talking about tariffs as something that he will lift if countries agree to his terms on certain things. You know, like you can't really talk about this as a permanent revenue stream while also talking about it as a negotiating chip for other things. You kind of have to pick a lane and understand why you're implementing them in the first place.
He's talking about tariffs as something that he will lift if countries agree to his terms on certain things. You know, like you can't really talk about this as a permanent revenue stream while also talking about it as a negotiating chip for other things. You kind of have to pick a lane and understand why you're implementing them in the first place.
I mean chances are they will affect the American economy pretty negatively and chances are they will affect people's wallets really negatively. Essentially, you're not necessarily guaranteeing that American prices are going to stay stable. Manufacturing in the United States will become more expensive because you're going to still be importing raw materials that have tariffs on them.
I mean chances are they will affect the American economy pretty negatively and chances are they will affect people's wallets really negatively. Essentially, you're not necessarily guaranteeing that American prices are going to stay stable. Manufacturing in the United States will become more expensive because you're going to still be importing raw materials that have tariffs on them.
I mean chances are they will affect the American economy pretty negatively and chances are they will affect people's wallets really negatively. Essentially, you're not necessarily guaranteeing that American prices are going to stay stable. Manufacturing in the United States will become more expensive because you're going to still be importing raw materials that have tariffs on them.
So the cost of production is going to go up also for American companies. So we are going to see prices rise. The question is, That we don't really know right now is to what degree we're going to see price hikes across the board or in certain industries.
So the cost of production is going to go up also for American companies. So we are going to see prices rise. The question is, That we don't really know right now is to what degree we're going to see price hikes across the board or in certain industries.
So the cost of production is going to go up also for American companies. So we are going to see prices rise. The question is, That we don't really know right now is to what degree we're going to see price hikes across the board or in certain industries.
But this is likely, if this is a policy that Trump sticks with, which I think is a big if because he has been so back and forth on this for a long time. That could, you know, anger a lot of people. It could cause people to fear for, you know, their economic stability, their financial stability rather, you know, and whether or not they're going to be OK in a year from now.
But this is likely, if this is a policy that Trump sticks with, which I think is a big if because he has been so back and forth on this for a long time. That could, you know, anger a lot of people. It could cause people to fear for, you know, their economic stability, their financial stability rather, you know, and whether or not they're going to be OK in a year from now.
But this is likely, if this is a policy that Trump sticks with, which I think is a big if because he has been so back and forth on this for a long time. That could, you know, anger a lot of people. It could cause people to fear for, you know, their economic stability, their financial stability rather, you know, and whether or not they're going to be OK in a year from now.
And, you know, that's why, you know, one of the economists I was talking with who was talking about how tariffs can sometimes be beneficial and how you can tailor them to be beneficial is he was just saying, don't judge the tool by the craftsman that's mishandling it. So that's kind of what we can expect.
And, you know, that's why, you know, one of the economists I was talking with who was talking about how tariffs can sometimes be beneficial and how you can tailor them to be beneficial is he was just saying, don't judge the tool by the craftsman that's mishandling it. So that's kind of what we can expect.
And, you know, that's why, you know, one of the economists I was talking with who was talking about how tariffs can sometimes be beneficial and how you can tailor them to be beneficial is he was just saying, don't judge the tool by the craftsman that's mishandling it. So that's kind of what we can expect.