In this episode of The Tom Dupree Show, host Tom Dupree and Consumer Goods Analyst Michael Dawahare discuss the complex world of international trade, tariffs, and their impact on American national security and economic growth. The conversation explores how recent tariff implementations are not just economic tools but strategic responses to decades of unbalanced trade relationships.

Special Guest Michael Dawahare begins by highlighting the critical distinction that has shaped America’s trade relationships for decades:

“The fundamental difference between free trade and fair trade. We’ve had free trade for decades, but we have not had fair trade, and these tariffs are the first and most blunt tool to try and get a more equitable fair treatment among our trading partners.”

This perspective frames the entire discussion, positioning tariffs not as aggressive economic weapons but as corrective measures to level an uneven playing field.

The episode traces how post-World War II policies, while necessary at the time, created long-term trade inequities:

The conversation identifies critical sectors where trade policies intersect with national security concerns:

Strategically Important Industries:

“This is about national security. It is primarily national security. They don’t really care that a sweater is sewn in China or Vietnam or Cambodia… They care about where steel comes from.”

The discussion examines specific concerns with several trading partners:

Canada:

China:

Panama Canal Control:

Both speakers emphasize that permanent tariffs are not the end goal:

“Trump is not a guy that wants perma tariffs… what they’re aiming at is a level playing field. And to be able to protect what we’ve got here for the sake of national security.”

The discussion highlights how tariffs are negotiating tools to achieve:

The episode concludes with insights on how to revitalize domestic production:

Understanding the complex relationship between trade policies, economic growth, and national security is essential for informed citizens and investors. The Tom Dupree Show provides these valuable insights to help listeners understand the changing economic landscape.

If market volatility has you concerned about your retirement portfolio, now is an ideal time to reassess your investment strategy. Call Dupree Financial Group at 859-233-0400 or schedule an appointment directly on our website’s homepage at dupreefinancial.com.

Michael Dawahare is a respected Consumer Goods Analyst and market observer with extensive knowledge of international trade, financial markets, and economic policy. His insights provide valuable context for understanding the broader implications of current trade negotiations.

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