What will the impact be now that the U.S. has one of the highest tariff rates in the world?Topics covered include:<ul><li>Why the Trump administration raised tariffs</li><li>How the last round of U.S. tariffs led to higher prices and lower economic growth</li><li>Four ways the world remains close to record connectivity</li><li>Who have been the winners and losers from global trade</li><li>What will be the impact of this trade war</li></ul>Episode Sponsors<a href="https://joindeleteme.com/david20" rel="noopener noreferrer" target="_blank">Delete Me – Use code David20 to get 20% off</a>Insiders Guide Email NewsletterGet our&nbsp;<a href="https://moneyfortherestofus.com/insiders-guide/" rel="noopener noreferrer" target="_blank">free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter</a>Our Premium Products<a href="https://assetcamp.com/" rel="noopener noreferrer" target="_blank">Asset Camp</a><a href="https://moneyfortherestofus.com/hub/" rel="noopener noreferrer" target="_blank">Money for the Rest of Us Plus</a>Show Notes<a href="https://www.capitaleconomics.com/blog/economic-consequences-mr-trump-looking-clarity-tariffs-chaos" rel="noopener noreferrer" target="_blank">The economic consequences of Mr Trump – looking for clarity in the tariffs chaos by Neil Shearing—Capital Economics</a><a href="https://data.worldbank.org/indicator/TM.TAX.MRCH.SM.FN.ZS" rel="noopener noreferrer" target="_blank">Tariff rate, most favored nation, simple mean, all products (%)—World Bank Group</a><a href="https://www.ft.com/content/f313eea9-bd4f-4866-8123-a850938163be" rel="noopener noreferrer" target="_blank">Donald Trump’s tariffs will fix a broken system by Peter Navarro—The Financial Times</a><a href="https://www.dhl.com/global-en/microsites/core/global-connectedness/tracker.html" rel="noopener noreferrer" target="_blank">DHL Global Connectedness Tracker—DHL</a><a href="https://www.amazon.com/Objective-Knowledge-Evolutionary-Karl-Popper/dp/0198750242" rel="noopener noreferrer" target="_blank">Objective Knowledge: An Evolutionary Approach by Karl R. Popper—Oxford University Press</a><a href="https://data.worldbank.org/indicator/NY.GDP.PCAP.KD" rel="noopener noreferrer" target="_blank">GDP per capita (constant 2015 US$)—World Bank Group</a><a href="https://www.annalsfondazioneluigieinaudi.it/images/LIII/2019-12-001-sau.pdf" rel="noopener noreferrer" target="_blank">JOSEPH E. STIGLITZ, GLOBALIZATION AND ITS DISCONTENTS REVISITED: ANTI-GLOBALIZATION IN THE ERA OF TRUMP, NEW YORK: W.W. NORTON & COMPANY, 2018 by Lino Sau—Annals of the Fondazione Luigi Einaudi</a><a href="https://www.nber.org/system/files/working_papers/w23292/w23292.pdf" rel="noopener noreferrer" target="_blank">FIFTY YEARS OF GROWTH IN AMERICAN CONSUMPTION, INCOME, AND</a><a href="https://www.nber.org/system/files/working_papers/w23292/w23292.pdf" rel="noopener noreferrer" target="_blank">WAGES by Bruce Sacerdote—National Bureau of Economic Research</a><a href="https://fred.stlouisfed.org/series/MEHOINUSA672N" rel="noopener noreferrer" target="_blank">Real Median Household Income in the United States—FRED</a><a href="https://fred.stlouisfed.org/series/LES1252881600Q" rel="noopener noreferrer" target="_blank">Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over—FRED</a><a href="https://fred.stlouisfed.org/graph/?g=18gMk" rel="noopener noreferrer" target="_blank">Consumer Price Index for All Urban Consumers: Food in U.S. City Average/Median Household Income in the United States—FRED</a><a href="https://www.nytimes.com/2019/05/15/us/politics/china-trade-donald-trump.html" rel="noopener noreferrer" target="_blank">Trump’s Love for Tariffs Began in Japan’s ’80s Boom By&nbsp;Jim Tankersley&nbsp;and&nbsp;Mark Landler—The New York Times</a>See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

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