Tariffs Explained: How U.S. Trade Taxes Are Changing the Economy
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Tariffs Explained: How U.S. Trade Taxes Are Changing the Economy
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About this listen
In this episode of the MX3 Podcast, we dive deep into tariffs — what they are, why they exist, and how they’re impacting the U.S. economy today. From historical roots to the latest data showing a 94% increase in tariff revenue, we break down the pros, cons, and surprising effects on trade, jobs, and prices.
We cover:
- The history of tariffs before the income tax
- Why tariffs can encourage domestic manufacturing
- How different countries (China, Japan, Canada, Mexico, India, and more) are affected
- The real numbers behind tariff revenue vs. income tax
- What increased tariffs could mean for your wallet and the national deficit
Whether you’re for or against tariffs, this conversation will give you the insight you need to understand one of today’s biggest economic tools.
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Thanks for listening & keep on living your life the Wright way!
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