106: Tariffs, Trade Wars and Tax Cuts: An Economist’s View of the Global Economy with Dr. Arthur Laffer

One of the biggest issues on every American’s mind is the impact of a global trade war and how trade policies and  tariffs will impact their financial future—and rightfully so. Shifting economic alliances can have far-reaching effects on markets, inflation, and long-term investment strategies and we couldn’t be more thrilled to welcome today’s guest back on the podcast. Dr. Arthur Laffer is a world-renowned economist, creator of the Laffer Curve and former economic advisor to President Reagan. He’s been a leading voice on the economy and trade policies and has helped reshape fiscal policy worldwide.  In our conversation, Dr. Laffer shares his perspective by presenting facts and historical data on how trade agreements and tariffs have been successfully (and unsuccessfully) throughout American history, why China is actually not American’s enemy in manufacturing shortfalls and how reducing taxes, both on individuals and at municipal and state levels would lead to a boom in the U.S. economy. In this podcast interview, you’ll learn:  Dr. Laffer's views on the President’s first 100 days in office How trade deficits and capital surpluses have impacted the U.S. economy over the last 200 years. Why international trade is so incredibly important and how tariffs have been used throughout history. The terrible impact of trade wars and tariffs for the U.S. and its trade partners. Why Dr. Laffer believes that China is not the problem in manufacturing growth The math behind why transferring money from tax payers to unemployment and welfare has consequences. Dr. Laffer's outlook on the U.S. economy and what it means for your investment decisions. How Fit Is Your Retirement Plan?  We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com