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

So today, we're going to talk about Trump's new wave of tariffs starting and a question.

Despite all the bad economic news that came out over the last week, that is being directly connected to Trump's first wave of tariffs and tariff announcements. At 12.1 a.m. today,

his newest wave of increases took effect. Trump celebrated the events by posting, quote,

it's midnight. Billions of dollars in tariffs are now flowing into the United States of America.

Reminder. J.P. Morgan economists estimate U.S. consumers are paying about a third of the tariffs so far. Those are the ones already in effect.

My guess is that the share of the new tariffs will be even higher.

But even at a third, every one of those billions Trump is talking about

is about a dollar in extra taxes out of the pocket of every single person in the U.S.

When he says $100 billion, that's $100 bucks out of your pocket.

So far.

I'll put a video down below on this.

Now, let's move on to a question.

Bell, you keep acting like the tariffs are such a bad thing.

Then explain to me why other countries are trying to make deals to avoid them. Seems like they're afraid of them to me. Tariffs absolutely hurt industries in other countries. Their products

cost more, so they might sell less because their buyers can't afford their products. They don't

want to sell less to buyers who are

broke, so they will try to avoid the tariffs. Meanwhile, in the U.S., prices go up, creating inflationary

pressure and downward pressure on job growth. But the wealthy get the tariff money to subsidize their tax

cuts. In this scenario, you are the person who can't afford products, are dealing with inflation,

and are dealing with less jobs. It's possible for policy decisions to be so bad that it hurts

both sides of the transaction.

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