Made in China? The Price of Global Trade
Hosts: Jack McFarlane & Nick Schlemmer
Summary
In this episode of The Play by Play, Jack and Nick discuss the complexities of tariffs and the ongoing trade war between the US and China. They explain what tariffs are, their purpose, and the timeline of events that have led to the current state of trade relations. The conversation highlights the effects of tariffs on consumers, the job market, and young entrepreneurs, as well as evaluating the success of tariffs in reshoring manufacturing. They also explore the ideal future outcomes of tariffs and the importance of maintaining a positive mindset in the face of economic challenges.
Chapters
00:00 Introduction to Tariffs and Trade Wars
07:47 Tariffs Definition and Purpose
14:02 The Timeline of the US-China Trade War
22:21 Evaluating the Success of Tariffs
28:10 Game Time Segment Begins
43:39 Closing Thoughts and Quote of the Show
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