➡ Peggy Hall discusses the global response to Trump’s tariffs and their impact on the economy. She argues that tariffs have led to stock market losses and have not been beneficial overall. However, she also emphasizes that the U.S. manufacturing sector is still strong, with many jobs available. She concludes by questioning Trump’s focus on factory jobs over high-tech and service jobs.
➡ The text criticizes claims that the U.S. has been exploited by other nations, arguing that the U.S. economy is strong and a leading exporter in various industries. It also criticizes Trump’s 2018 tariffs, stating they negatively impacted American farmers and manufacturers, leading to job losses. The author encourages readers to consider the facts and data, arguing that the tariffs did more harm than good and were eventually reversed due to their negative impact.
➡ The article discusses the global reaction to Trump’s tariffs, with many countries expressing concern and planning retaliatory measures. The author argues that these tariffs could lead to job losses and factory closures, and suggests that it would be smarter to allow other countries to produce certain goods. The article also criticizes Trump’s calculations for the tariffs, calling them “fake, phony and fraudulent”. The author concludes by suggesting that Trump’s actions could lead to other countries forming their own trading blocks, potentially excluding the U.S.
➡ The text criticizes the U.S.’s green policies and regulations, arguing they harm industries like steel. It suggests that instead of imposing tariffs, the government should reduce regulations and corporate taxes to stimulate the economy. The text also questions the constitutionality of the president’s power to impose tariffs, suggesting that this power should lie with Congress. It ends by discussing the complexity of tariffs and their potential negative impact on businesses.
➡ Tariffs have caused some U.S. companies, like Harley Davidson, to move their operations to other countries to stay competitive. This has led to job losses, higher prices, and strained relationships with our allies. It’s important to consider the impact on supply chains and the long-term relationships they involve. Tariffs aren’t the best solution; there are better alternatives that won’t harm the economy or jobs.

Hey, friends, Peggy hall, back with you from thehealthyamerican.org thanks for being on board. As we look at the response from the world to Trump’s liberation day, some are calling it inflation day or liberation from your savings day because the stock market tanked. And of course, you know, stocks ebb and flow and those things can change over the years. But we’re going to take a look in our broadcast today at a handful of countries and their response to Trump’s speech. Now, I’m not going to play that speech for you, but I will just have a couple of snippets for you with some comments that I thought were very strange.

And in an upcoming video, if you like, I will do a deep dive and I will clear up some of his, how do I put it, Misstatements. Yes, there were things that he said that actually weren’t true. Kind of like in the beginning when he tricked a lot of people saying that tariffs are paid by the foreign country or the foreign company. And you know that that’s not true. I’ve been teaching on this through several videos. This is an area of expertise for me. I’ got a master’s degree in international policy studies and I have studied international trade, international economics and law.

It’s just a fascination of mine. And you don’t have to have a master’s degree to understand a lot of this. It’s really common sense. And we’ll be breaking that down over several videos. And let’s do this. We’re going to dive in to some of the headlines and we’ll take a look here. Trump has shot himself in the foot with tariffs. Former US Trade official President Trump is a macho male, says PIMCO co founder Bill Gross Canada and announces that 25% tariffs imported from the US are not compliant with the USMCA, which is a trade agreement already in place.

And the former Commerce secretary Lighthizer and I exposed some of his comments in a previous video. He says, I assume these tariffs won’t be in place in the back half of 2025. Well, I hope that that’s true. Let’s take a look at some more. Trump tariffs result in major stock losses in the worst one day for markets. Trump tariffs Live updates The stock market loses 3 trillion in value. Oh my goodness. Trump open to tariff negotiations contradicting White House aides A stunned world reckons with economic fallout from Trump’s tariffs. I said it before and I’ll say it again.

If Trumps are so if Trump’s, if Trump’s tariffs are so awesome. Why doesn’t the whole world want them? Why are there not 100% tariffs on every import from every country 100% of the time in a permanent manner? Well, because it doesn’t work. In this video, at the end, after we look at some of the world’s response, I want to break down for you the actual fallout of the tariffs. We’re going to look at at least two companies that have moved their operations out of the United States because of tariffs on imported items that actually make production and manufacturing in the States more expensive.

And in an upcoming video, I’m also going to share with you that we are not suffering in manufacturing at all. There are thousands, tens of thousands of jobs, hundreds of thousands of jobs in these factories that Trump has fixated on. He wants everybody to go back to factory workers for some reason, I don’t know why, when we have a lot of high tech jobs and there are a lot of jobs and services and there are a lot opportunities for people to become plumbers and electricians and interior designers and web designers and teachers and dentists. And if you don’t want to be a dentist, you can work in a dentist’s office.

There are so many jobs that are local, that will never be shipped overseas, that are available to you in many cases as an entrepreneur or to work for a small business. You don’t have to work in these factories, which really in most cases are not very desirable jobs. But if you want to work as a factory worker making widgets or sewing on buttons or something, there are tens of thousands, dare I say, hundreds of thousands of factory jobs available in the United States in our robust manufacturing sector. And I’ll break that down for you in a separate video.

I’ll show you the research that I did. And these jobs are pretty well paid. I mean anywhere from 18 to 20 to $40 to work in assembly or other things. So rest assured, manufacturing is going strong in the United States. We are not at a disadvantage. We are the world’s largest economic superpower in the entire world. We are the number two exporter of goods and services. We are the number one exporter of services. We have a trade surplus. And keep in mind that a trade deficit is not a very good indicator of our robust economy. I know I’m going to get to these responses of the different countries, but just stick with me for a moment.

I want to use this idea that just came to me. So let me know where you do your grocery shopping. If you go to a farmer’s market or you go to a grocery store, you grow your own food. Maybe you do. And I’m currently in Florida part time and I shop at a place called Publix. And then I also buy my gas, I think called Speedway. That’s where I buy my gas. And basically I’ll just use those two as examples because those are things that I need on a regular basis, kind of, you know, to, to live.

So I go to Publix and I buy something from them, right? So I am giving my money to them in exchange for food that they give to me. Has Publix bought anything from me? No. And it’s highly unlikely that they will. So I have a 100% trade deficit with Publix, but I’m benefiting and Publix is benefiting. They’re getting my money and I’m getting their food. It is a win, win. And you know what? I don’t have to shop at Publix if I don’t want to. I can go to Aldi’s, I can go to Winn Dixie. I don’t care for those places.

Maybe you do. That’s the beauty of choice. I am in favor of individual choice and freedom and liberty and free trade as much as we can. And trade and tariffs are actually. They are complex in that there are very sort of tedious, may I say, calculations that are made in terms of what products have a tariff and how much they are adjusted seasonally, they are adjusted according to quotas. And I’ll share that with you. I’ll just kind of touch on that at the end of this video to let you know that it’s not something that you can just slap like an extra 10% on.

These trade negotiations are negotiated through agreements that are already in place with all of these countries that Trump has mentioned. So he’s kind of a showman and he’s really. How do I put this? I just have to say that he’s conning a lot of people because it’s not just a case of tomorrow you’re ratcheting up these tariffs. That’s not how it’s done. We have the US Trade representative. We actually have an ambassador. I’m going to share that with you. Probably in upcoming videos we’ll look at how these trade organizations work and why free trade has always resulted in the greatest amount of prosperity of economic development for all countries in the world and for the greatest well being and dare I say, the greatest amount of peace.

Tariffs don’t work, certainly not in our day and age. They are full of negative consequences that I’ve covered over many times over many videos over the several days. And the good news is, if you want to work in a factory, if you want your children or your grandchildren to work in a factory, those jobs will still be available along with other jobs, more sophisticated jobs, jobs that keep pace with the development of economies and countries, because that’s how it works. And if you want to stop the United States from having these well paid high tech jobs and other service jobs and go back to sewing on buttons, I mean, I guess that’s okay, too.

That’s that freedom of choice. So we’ll look at all of that. It’s a tall order. But the focus of this video actually was to talk about the responses of different countries related to Trump’s Liberation day, inflation day comments. So we’ll take a look here. And I will have this for you in my substack coming up. And that is peggyhall.substack.com and again, the stocks have plunged as the US incites a trade war. That’s only one indicator. And I personally would not put a lot of value into that because the stock market does ebb and flow. But it has occurred to some that Trump was kind of acting like a schoolyard bully, bullying some of these smaller countries, countries where there aren’t even people like the McDonald Islands.

All they have are PE. But those penguins have a tariff slapped on their products. All right, let me read a couple of statements from Trump. And he said, for decades our country has been looted, pillaged and plundered by nations near and far, both friend and foe alike. Now this is a transcript I’m reading from, but when I listened to it, I thought that he said raped. I guess they took that out of the transcript because that’s very harsh. As a matter of fact, I would like to have evidence of our country being looted, pillaged and plundered by nations near and far.

So how have they looted us exactly? And pillaged and plundered? We really need to have definitions for all of those words, but they are negative words. And our economy is very strong. As I say, we are the number two world’s largest exporter. I’ve covered this in previous videos. We export oil, we export gas, we export machinery, we export automobiles, we export aviation products. I mean, there’s not an industry where we really are not a leader. So to say that we have been looted and pillaged and plundered, our economy has been growing. There are jobs that are going vacant.

Have you ever, like, you’ve gone to a restaurant and they don’t even have enough servers to serve. I mean, I don’t understand. I would like to have evidence of that. No one has held a gun to your head and made you shop at the Dollar store. And you have a choice to buy those clothes. And I ask you, do you have clothes made in China, made in Vietnam, made in India. If you do, bravo, that’s your choice. You can choose to purchase American made products. Earlier, Trump said that he couldn’t find Windows made in North Carolina.

Well, that’s another one of his tall tales because there are dozens of American owned and American made window manufacturers in North Carolina. One has been in business for 70 years. So maybe he doesn’t know how to use the Internet, but he’s filled with these tall tales. And I just want to set the record straight. And someone pointed out, peggy, I’m glad that you’re not calling names and you’re not belittling Trump. And I haven’t done that because I just want to talk about his actions and behavior and his policies, which are very harmful, will be very harmful to our country.

He goes on to say, American steel workers, auto workers, farmers and skilled craftsmen, we have a lot of them here with us today. They really suffered gravely. In what way? We are one of the world’s leaders in exporting agricultural products. American farmers were given subsidies following Trump’s terrible 2018 tariffs that had such the wrong result in terms of other countries slapping the reciprocal tariffs on us, which by the way, are those tariffs that Canada has on our milk products. That was in response to Trump’s 2018 tariffs. So he was really coloring outside the lines. And our American farmers were hurt by that.

So much so that there had to be taxpayer subsidies for those farmers. Friends, I like to deal in facts and data and evidence. I look at the historical record. I’ve done such deep dives for you over the last several videos. You can see them on my playlist called Tariffs, where I’ve given you data from the U.S. census Bureau and the Bureau of Economic affairs and the U.S. trade Representative Office and the International Trade association and the on and on and on. And it seems like you don’t even care about that data. So I’m just going to give you the overview today.

You can do the research. I’ve done it for you. But it is clear that these tariffs have had such a negative effect. So much so that a lot of those were reversed in Trump’s within a year because they were. So anyway, he says that these steel workers and the auto workers and the farmers have suffered gravely. I want evidence of that. And the steelworkers suffered in the wake of Trump’s 2018 tariffs because there were a hundred thousand, 150,000 jobs. The latest data I got were lost in manufacturing because companies either shut down or reduce their production because the incoming raw materials.

We have a very interrelated economy with countries around the world. That’s just the facts, folks. That’s the reality of our day. And if you’re talking about cars being made in the United States, they’re made with parts that crisscross the border between Mexico and Canada, you know, half a dozen times. So they’re not completely American. Made with only American parts. And it jacks up the price all along. I’m going to share with you how Harley Davidson took its production of motorcycles to Thailand to outwit the tariffs that were being imposed by Vietnam. They left the United States States, some of this production.

Hershey’s, the chocolate manufacturer, went to Mexico to produce chocolate because of the harmful sugar tariffs that the United States imposed on incoming sugar. So, no, they didn’t improve their manufacturing jobs. They left the United States because of the tariffs. You have to look at the whole picture, friends. So American steelworkers lost about 75,000 jobs. These are the facts. American steelworkers lost 75,000 jobs jobs in the aftermath of Trump’s 2018 tariffs. Now, you could say that was a coincidence. You could say it was a coincidence that the manufacturing jobs were lost by 150,000. But when you look at month by month preceding that and after, after the tariffs went away, it’s pretty clear that there is a direct relationship.

All right, So I don’t buy this hogwash that Trump is sloshing here. He goes on to say, our country and its taxpayers have been ripped off for more than 50 years, but it’s not going to happen anymore. How have we been ripped off by other countries wanting to buy our products? I don’t understand that. If you have a product and you want to sell it overseas and people are willing to buy it, isn’t that great? If you want to buy something that was made in another country and shipped here for sale and it happens to be cheaper than the competitor, you have the choice to buy that.

You have the choice to buy American made. Name me one item that is not made in America. I’m waiting. I’ll be waiting a long time. All right. There are so many comments that I will cover in upcoming videos, but the United States has run a trade surplus for many years in Services, we have travel, we have education, we have financial, we have insurance, we have consulting, we have all sorts of services. And this trade deficit, as I pointed out, is not a way of judging the strength of your economy. It’s such a strange metric to use.

As I gave my example, I go to the gas station and I pay for gasoline and I’m giving my money to Speedway and they’re giving me gasoline. So we’ve got to trade. Are they buying anything from me? No, they’re not. So there’s a trade deficit, but I’m benefiting and so are they. There’s nothing wrong with that, friends. Okay, let’s. Let me just go on to the heart of the matter here. All right? So much that I could talk about. VW and Mercedes are already hiking their prices in response. And remember, I have a whole list, list on my playlist here, a whole list of videos on my tariffs playlist.

I’ve got a substack which is free with all of the written analysis if you want that. I spend hours doing this because I love it and I want to be of service to you. I can’t stand for people to be hoodwinked, to be bamboozled, to be duped by this information, by the propaganda, by the wrong narratives that are being pushed sadly by some sub stackers and other bloggers that are kind of blinded by their dedication and adulation of Trump and they’re just blind to the facts and the data. Bring me the data, bring me the evidence.

I would love to have a rational, clear minded conversation and many of you have done that and I want to applaud you for your comments. So, yes, the cost of living, increased economic output decreased over Trump’s terrible tariffs of 2018. They were so disastrous that he had to reverse them within the first year. All right, here’s the roundup of some countries, Australia said. And I will give you a link to this and you can do a deep dive if you want to. I’m just pulling out some excerpts. So in Australia, the prime minister said that Trump’s tariffs have no basis in logic and they go against the basis of the diplomatic alliance between Australia and the United States.

Brazil passed a retaliatory bill against the United States on Wednesday to retaliate against the tariffs imposed on Brazilian goods or any country in that trade bloc. It says that Trump’s new measure violates the United States commitments to the World Trade Organization and will impact all Brazilian exports of goods to the United States. So see, what happens now is Brazil could say, well, Forget you, the U.S. we are just going to trade with other countries, which means they’re not going to accept our exports. Think that through manufacturers that are making products that are being sold in Brazil no longer have access to that market, which means production goes down, which means jobs are lost, which means factories, those wonderful factories that Trump is fixated on are going to be shuttered.

There are so many other robust sectors of the economy. It doesn’t have to be manufacturing plants. By the way. Remember, they didn’t want paper mills in the, you know, certain parts of our country because they polluted the water. And they didn’t want smokestacks and coal mining because of all the environmental hazards and cancer causing things. And now you want to bring back all of this manufacturing. Explain that one to me, Ricky or Lucy, how the saying goes. It doesn’t make sense to me. Why not allow other countries who are willing to produce these kinds of products? Let them do it.

It, it’s actually smarter for us. If somebody’s really good at selling avocados and growing them, we’ll take them, we’ll pay them. And that’s the nature of international trade. It’s been around since the dawn of man. All right, Cambodia was slammed upon it with one of the highest reciprocal tariff rates, which by the way, these tariff rates that Trump trotted out were completely bogus, even in his own. The U.S. trade Representative Office even said, we really don’t know how he came up with these numbers. It was some crazy calculation. The trade deficit, which I just explained is no big deal, combined with existing tariffs.

And then he added another percent on top of it. For example, they said, he said that China was imposing 67% tariffs on the U.S. that’s not true. About 30% in certain sectors, because again, it’s very complex and intricate and there are different quotas and different times of the year, there are seasonal tariffs and all that kind of stuff. Quotas and all that kind of stuff. So no, these numbers are pretty much fake, phony and fraudulent. I can do a deep dive on that and I probably will for you. But let’s hear from Cambodia. The minister was actually pretty easygoing and said that the tariff increase did not seem to be politically motivated or intended as a sanction against Cambodia, adding that several other Asian countries were hit with similarly high rates.

And I have to do a deep dive on Cambodia to see exactly what it is that we are importing from them. Maybe clothing. All right, China was slapped with a 34% reciprocal tariff on top of the existing 20%. And they vowed to impose their own countermeasures. China urges the US to immediately revoke its unilateral tariff measure and work with trading partners to resolve differences. I hope that happens. Some of you have said that was. That’s what Trump was doing. You know, I just don’t care for the bullying approach. That’s just me. All right. In Colombia, Colombian president said neoliberalism, which proclaimed a free trade policy across the globe, that the globe is dead.

The US now believes that by raising tariffs on imports in general, it can increase its own production wealth and employment. Employment. In my opinion, this is a big mistake. Well, I agree with the Colombian president and so does pretty much the rest of the world, as we saw from the responses. But I guess Trump is right and everyone else is wrong. All right. The EU made a statement and said that they are finalizing a package of retaliatory tariffs. That’s why it’s called a trade war. Everybody loses. And we’ve been ready to negotiate with the US to remove any remaining barriers to transatlantic trade.

And this is the European Commission president stating this. And she goes on to say, Trump’s universal tariffs are a major blow to the world economy. And this is the most important phrase right here. All businesses big and small will suffer from day one. All right? Fiji said the tariffs are disproportionate and unfair. France denounced Trump’s tariffs. Germany called Trump’s latest tariffs an attack on trade, on a system that has created prosperity around the world. And I would agree that it has created prosperity across the Earth. And the eu, the German chancellor goes on to say, has the strongest internal market in the world.

It’s very interesting because Germany is an economic powerhouse. You’ve got the United States, you’ve got China, you’ve got Mexico and Canada, and you’ve got Germany. And depending on what sector of the economy we’re looking at, those are really the largest players. So it behooves the trade partners and our allies to actually have smooth relations. And let me just make one other comment about people saying, well, trade just. Trump just did this as a. As a way to, you know, get the ball rolling. So let’s say that you’ve got a bully bullying you saying, I’m not saying this is Trump.

I’m just talking about an example of people taking steps in response to threats. Threats. And you’re being bullied. And someone says, I’m going to burn down your house. You’re never going to have a good night’s sleep. I’ll always be watching you. I know where you live. And you’re thinking, I got to move. I got to get out of here. This is an unsafe, unfair place to live. And I just don’t feel good doing it. So you pack up, you move all your things. It costs a lot of money. You move somewhere else where you feel safe, where you feel you’re treated well.

And then the boy says, oh, I was just kidding. No, no, I’m not really going to do that to you. That’s kind of like these tariff threats, companies. I don’t know if you’ve ever worked in a company or owned a company or you know about sales projections, and you figure out how many people you need to employ and what you project you’re going to sell and what your profits are going to be and your costs. I’m a business owner. I need to do that. And then you figure out, well, should I invest in more raw materials to make this product? Maybe we’re going to pull back.

And if there are going to be tariffs and things are going to be more expensive, all of these are sort of economic and financial projections that you do far in advance. So many countries, as you saw, and companies, as you saw, are actually taking a step back, slowing things down. Even if Trump says, I was just kidding. The instability of Trump and his policies makes the United States a poor place for people to invest. That’s why a lot of people don’t invest in California because of the horrible policies there. Trump’s kind of taking it on, on a bigger scale here.

So the German economy minister said, for US Consumers, it’s not Liberation Day, it is inflation day, and I tend to agree. All right. India said that they will remain in touch with Trump regarding the tariffs. Ireland said that tariffs drive inflation, hurt people on both sides of the Atlantic, and put jobs at risk. The premier said, we see no justification for this at all. In Italy, the Prime Minister said tariffs will hurt all parties and they would rather negotiate with the United States to prevent a trade war, which would inevitably weaken the west in favor of other global actors.

Japan said that they would like to be exempt from the tariffs. Well, if tariffs are so great, why do you want to be exempt from them? Them? He said Trump’s move was extremely regrettable. Malaysia, who knew, was hit with a 24 tariff and said that they will seek reciprocal trade gains and pursue a technology safeguards agreement with the U.S. new Zealand said that actually they don’t plan to retaliate. They said, we are a low tariff country and we have benefited from it. Hello. Shouted from the rooftop. Shout out from the rooftops, everyone. We are a low tariff country and we have benefited from it.

Some people don’t want to see the truth. Kind of reminds me back in the COVID days and the RFK junior days. Yeah, some people just don’t want to see the truth. The Prime Minister says tariffs are not the way to go. And the bigger worry will be the worldwide impact and the, the tit for tat trade wars that may ensue. Yes, it is very juvenile, actually. Norway says this is going to have consequences for many Norwegian companies and for jobs. It’s bad news because they, they export a lot of products and that’s how their economy keeps going.

Why does Trump want to punish these countries? You can’t say that Norway and Uganda and Singapore and Cambodia are on par with the United States States. The population is different. The economic development is different. The natural resources are different. It’s very, very much a bullying position. It’s not very presidential in my view. All right, let me wrap up here. Okay. South Korea says that the worldwide trade war has become a reality and the government must pour all its capabilities to overcome the trade crisis. Now it’s very likely that Japan and South Korea and China are going to create their own trading block.

Forget you, the U.S. we’re not going to buy your stuff anymore. Fine, we’ll do our own. I mean, South Korea is very. And Japan and China are very developed in terms of their ability to engage in this international trade. Why would you want to cut them out of the equation? It’s so bizarre, especially when there are other ways that I’ve spoken about at length. The United States needs to get rid of its regulations. The reason why the steel industry is hurt is because of these green policies that they can’t keep up with. They’re trying to do carbon capture in the steel mills.

It’s ridiculous. Get rid of those regulations. And I do understand that Trump is moving in that direction. Why not do an executive order on that? He did this fake, phony, fraudulent emergency in order to even impose these tariffs, which is completely unconstitutional. I can’t believe some of these bloggers are turning a blind eye and applauding these dictatorial moves, thinking that a president has the right to do this, this. He doesn’t. Now Congress needs to step in and pass a resolution saying there is no emergency, just like there was no emergency several years ago, if you know what I’m talking about.

It’s ridiculous. Only Congress has the authority to handle these tariffs or. And based on the recommendations of the International Trade Commission, which has the authority to do so. Interestingly, when I went to the website, it said, oh, our search function is not operating right now. What happened to AI and Elon Musk? I thought they had all the AI working. Suddenly I can’t do a search on the very website that has the data that is relevant to this. Very interesting, isn’t it? All right. It’s not a laughing matter when people and jobs are going to be hurt.

But the point I’m trying to make is that Trump doesn’t have the authority to do this in the first place. And let’s look at Spain says the European Union will not be naive. We will always respond. That was kind of neutral. Sweden says, we are well prepared for what’s happening now. We don’t want a trade war that listen, that would make our populations poorer and the world more dangerous in the long run. I’m not the only one saying this, friends. These are world leaders that are standing in opposition to these very, very disastrous policies that have a historical record that that bears that out.

I was saying that there are other ways to do that. You get rid of the regulations, you reduce corporate taxes so that they can actually have the money to hire more people to actually start up these factories, which take about five years to get up and running. It’s so funny. Howie Lutnick, you know he’s called the most hated man on Wall Street. Yeah. He’s the Secretary of Commerce along with Scotty Bessant Besant, who is George Soros best bud. Yeah, Soros gave him a couple billion dollars to start his own hedge fund. So if you don’t know Howie Lutnick, no deal, Howie.

Deal or no deal? No deal, Howie. There’s no such thing as an External Revenue Service. If you had 100% tariff on all of the imports that we bring in, it doesn’t even touch our deficit or our income tax revenue. I did a whole video on that for you, breaking it, breaking down the numbers. No deal, Howie. But interestingly, Howie and Scotty are both these like billion dollar hedge fund managers. And Trump told those two guys, yeah, Secretary of the treasury who’s going to be receiving all this tariffs, it goes directly to the Secretary of the Treasury.

Trump wants to take that money from the tariffs and he wants Howie and Stevie to create this sovereign fund. And the money’s going to be in there. And then guess what? Scotty and Howie’s buddies on Wall street are going to do the investing. I’m sure there’s no conflict of interest. I’m sure Howie and Scotty are not going to get any money stuck to their sticky fingers. I always wonder why, how he looks so excited when he talks about this sovereign fund and the money coming in, almost as if he’s getting a part of it. What say you? All right, let’s eliminate the corporate taxes or bring them down to about 15%.

Let’s bring back the 100 bonus depreciation. All my tax accountants know what that means. And if you’ve ever paid taxes and you own a business business and you paid taxes on your business, you know how beneficial that is. And there could be targeted government subsidies for certain areas that Trump is concerned about. I told you, there are tons of factory jobs going unfilled. We have robust manufacturing in this country. There is not one sector of the economy where we are not well represented. Bring in. Bring me the evidence to the contrary. So this fixation on putting people into factories, why not have trade programs to accelerate their knowledge in becoming a plumber or an electrician or a house painter, a roofer, a dental assistant or a dentist or an interior designer or a web designer, Somebody could start a housekeeping business or, or whatever they wanted.

And that’s not going to be brought offshore. Those things are going to remain local, and those are important jobs. And you can make a lot of money doing it. But if you want to work in a factory sewing on buttons and making widgets, there are plenty of those jobs available. There are some downsides to working in factories. I’ll cover that on another video. So I can’t figure out Trump’s fixation on factory workers. It’s like bringing back slave labor or something. We’re not in the 1800s. Reminds me of, you know, Charles Dickens and you, the Industrial Revolution.

There were a lot of downsides to working in those factories. Maybe Trump ought to go work in one like he did at McDonald’s. So there are so many ways that you could actually strengthen the economy, increase manufacturing and factory jobs, have robust production without tariffs. Why is he ignoring all those? It’s so bizarre. All right, here we go. Friends, I know you’re telling me I’m way too cheerful about a serious topic, but that’s just my nature. Optimistic and determined. All right, Switzerland says we will quickly determine the next steps and a further escalation of the trade conflict must be prevented.

Why, if tariffs are so great, why trade conflict? You see, friends, just sharing the facts with you. Taiwan said the Trump’s tariffs were deeply unreasonable and highly regrettable. Thailand said that it’s prepared to negotiate with the US and Thailand’s actual tariff rate on US imports is about 9%. You know what Trump said it was 72%. You, you can’t trust what he says, okay? He has lied repeatedly. He lied about tariffs being paid for by the country or the companies in the foreign countries, and that’s not true. And now he said that Thailand’s tariff rate was 72%, it’s 9%.

And I can break down a lot of those misstatements for you in an upcoming video. All right, let’s just finish up here. The UK said that they are in a better position than a lot of other countries and they will respond with cool and calm heads. And Ukraine said that the tariffs are complicated but not critical and they’re actually quite low. And they look at the United States as a reliable ally and partner. Isn’t that how it should be? Don’t we want friends and partners? And like I go to public and I buy food and I’m not requiring them to buy anything from me in order for me to buy the food.

So anyway, I can talk about all of Trump’s tricks in an upcoming video. I am running a little bit long here, friends, and I want to get this. Okay, let me. What I wanted to share with you is I’ll do this in another video, but suffice it to say that the tariffs, you know, well, I’ll just show you a quick thing here because it’s really, it’s really interesting. There you go. As an example of how tariffs actually are arrived at and agreed upon. I mean, this is, for example, the tariffs on sugar. All right? This is written in to the code of federal regulations.

Again, a president doesn’t have the authority to do this. So this goes through Congress and it goes through the International Trade Commission and other departments of the federal government. And I just want to give you a brief overview at how detailed failed these tariffs are. This is just on sugar and it has all of the different definitions, sugar, syrups, molasses, and then there are all types of quotas and quota periods. And if you have a certain amount and then you exceed that, and my understanding is it’s also seasonal, you can have a request for a waiver.

You have to have a form and applicability of certificate. This isn’t something that you just slap on the tariff and then it’s a done deal. It’s a very complicated and detailed and complex look. It just goes on and on and on and on and on. But what does happen is things like this. Okay, well, here is another one kind of the tariff rate quota for sugar. But what I wanted to share with you was for example, Hershey moved to expand its production in Mexico because of the cost of sugar, which is significantly lower in Mexico compared to the United States.

I also, and I, I will do a separate video on companies that have actually left the United States because of the tariffs. It didn’t make them reinvest in the United States. They went to other countries so that they could get the raw materials in order to stay competitive in the intern national market. Harley Davidson, I think I mentioned, actually is opening up or has opened up a production facility in Thailand so that they can still sell their motorcycles in Asia. So all of those jobs are lost and they move there because of the reciprocal tariffs and the retaliatory tariffs, I should say so.

It’s. There are ways of getting around it and there are better ways that do not include harming the economy, driving up prices, driving up inflation, driving down wages, losing jobs, especially in the manufacturing sector. And I think most important of all is harming these relations with our allies. If you have ever worked in a company or you have had your own company and you understand when you’re making physical products, there’s something called a supply chain and it takes a long time to create these relationships. And you are trying to analyze where you’re getting the best price and the best terms.

And there are many factors that are involved, not just the price, but there’s the delivery, there’s the reliability, there’s the availability of what they have. So I’ve done that myself when I was sourcing my materials for my healthy natural beauty products and so forth forth. And once you establish those relationships, it takes time, effort, money and resources to do it all over again. So these supply chains are also going to be harmed. You need to think bigger. And for those of you that said, I don’t mind spending a little bit more on products now if it means that my children and my grandchildren will still have jobs in the future.

Don’t fall for the false dichotomy. Tariffs are not the answer. There are superior alternatives that actually work. All right, friends, thanks for being on board. Check out my substack. I’ll be back with you tomorrow. I’m also going to get some coverage on King Mush again, as I affectionately call him. And it looks like he might be on his way out. And of course by on his way out, we mean on his way out of the world stage. But we know he’ll still be operating behind the scenes. You won’t want to miss that. See you soon, everybody.
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See more of The Healthy American Peggy Hall on their Public Channel and the MPN The Healthy American Peggy Hall channel.