Reviving American Manufacturing: Understanding Tariffs

Tariffs are a good concept, but the United States needs to be careful with how they use them. The Fed has gone from around 9.4 four trillion dollars on their balance sheet, and they've dumped about two trillion dollars worth of treasuries over the last 3 years. They've got to get those bonds out of their holdings because they're not they're not effective. However, there’s still around 7.4 trillion left on the balance sheet. That’s literally hurting the GDP. If Trump does enact some of the tariffs, he can't just throw a grenade into an arena of tariffs. He can't do that because that's inflationary. He needs to be very surgical in wherever he’s going to cut government waste, government inefficiency, government spending. He needs to be just as surgical on what products that he makes the tariffs effective on.