Join Tom Wheelwright as he explores if Trump’s tariffs are actually going to do what he says they are going to do, and if so - how will they affect small business owners with his guest and economist, Dr. Adam Ozimek.
Dr. Adam Ozimek is Chief Economist at EIG, where he serves on the executive team and spearheads a growing body of research initiatives for the organization. Previously, he was the Chief Economist at Upwork, the world’s largest online freelancing platform, and senior economist at Moody’s Analytics, where he managed U.S. demographics forecasts and research. Ozimek’s research includes a broad array of economics fields including labor markets, demographics, and remote work. His research has been cited in publications including the New York Times, Washington Post and the Wall Street Journal. Ozimek holds a PhD in Economics from Temple University.
In this episode, discover the tariff’s short and long term effects on small business owners, how they may heavily impact the supply chain, and the forecast of where our country is headed as a whole.
Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/
00:00 - Intro.
01:18 - Are tariffs inflation or a tax?
05:28 - Is the push toward manufacturing in the U.S. a positive or negative?
10:31 - Lowering tax rates for manufacturers.
15:56 - Can we make more advanced manufacturing for a more stable country?
17:34 - Where are we truly with China?
20:55 - Will higher tariffs cause industrialization?
27:55 - Bilateral Trade Deficits: Good, Bad, or Situation Dependent?
33:37 - 6 Month Forecast
36:57 - Closing Statements
Looking for more on Dr. Adam Ozimek?
Website: eig.org
LinkedIn: www.linkedin.com/company/economic-innovation-group/
Facebook: www.facebook.com/EconomicInnovationGroup
Twitter: twitter.com/InnovateEconomy
Instagram: www.instagram.com/innovate_economy/
Youtube: www.youtube.com/channel/UCQ5D-zz5PetC4TFDOQtlArQ
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Tom Wheelwright is the founder and CEO of WealthAbility and TFW Advisors, a leading authority on tax strategy and wealth building. He is the best-selling author of Tax-Free Wealth and a trusted advisor to Robert Kiyosaki. As a world class CPA, Tom is dedicated to empowering entrepreneurs and investors to reduce their tax burden and achieve financial freedom. He currently resides in Phoenix, Arizona.
DISCLAIMER:
WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes
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