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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