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Belle of the Ranch

Let's talk about Trump's exemptions and walking back on tariffs....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 13 April 2025

⏱️ 4 minutes

🧾️ Download transcript

Summary

Let's talk about Trump's exemptions and walking back on tariffs....

Transcript

Click on a timestamp to play from that location

0:00.0

Well, howdy there, Internet people, it's Bell again.

0:04.0

So today, we're going to talk about Trump exempting electronics from the tariffs.

0:10.0

According to reporting this morning, Trump's new guidance for the tariffs

0:15.0

exempts a list of electronics from the tax he's imposing.

0:19.0

Phones, laptops, TVs, chips, solar cells, flash drives,

0:24.6

and more are apparently going to be exempted. That's going to save American consumers a pretty

0:31.0

penny, especially since a lot of it is supposed to be hit with a tariff in excess of a hundred percent, a cost that like the

0:39.6

rest of the tariffs will be passed on to you. These tariffs are some of the biggest,

0:45.1

and those that would have resulted in the biggest price increases for Americans. But I do

0:51.7

have a couple of questions. While Trump was telling Americans the tariffs would be good for Americans, he gave his reasoning.

1:01.1

We have the stated reasons from the Trump administration as to why the tariffs were imposed to begin with.

1:08.4

Address the trade deficits, generate revenue, and bring manufacturing jobs back.

1:15.4

Hmm.

1:16.5

So, if it was about addressing the trade deficit, specifically with China, why would you exempt

1:23.5

the largest portion of Chinese exports?

1:26.9

The trade deficit with China is $295.4 billion. We import that

1:33.6

much more from them than we export to them. Reminder, most economists will tell you trade deficits

1:40.3

aren't inherently bad. Chinese electrical and electronic products make up more than a quarter of their total exports to the U.S.

1:49.4

Not the trade deficit, total exports.

1:53.0

It's $896 billion in electronic goods and $295 in trade deficit.

2:00.4

It seems like maybe addressing the trade deficit wasn't actually the

2:04.7

priority. What about generating revenue? Again, he exempted stuff from the largest category

...

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