Are Trump's Tariffs TOO TOUGH On China?

Chris tears apart the tariff narrative with Nassim Nicholas Taleb’s San Francisco Fed data. For every $100 of Chinese-made goods sold in the U.S., China takes just $12, while the U.S. pockets $88 via design, shipping, and retail. With 150% tariffs slashing demand 50%, Markowski argues it’s us, not China, losing big—$44 vs. their $6. He calls out gaslighting on job losses, blaming U.S. money printing and regulations, not China, for rising costs. www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
What does China make? How much do they take? NASA
Nicholas Talab put this out, and again he's using San
Francisco FED data on average for goods sold in the
United States that are made in China, for one hundred bucks,
China gets twelve percent, the rest the eighty eight bucks, design, shipping, wholesale,

(00:44):
retail branding, whatever it may be that comes here. So
we got one hundred and fifty percent tariffs on China.
Right now, let's say demand demand for those goods drops
by fifty percent. Okay, if China makes twelve dollars from

(01:04):
every one hundred bucks, they're now making six. We were
making eighty eight, now we're making forty four. Who does
this hurt? Actually? The San Francisco vette they actually highlight
certain products. Okay, they break out certain products that are

(01:24):
made in China, and what the take is a T
shirt that costs forty dollars here in the United States
that's made in China. China gets anywhere between five to
seven dollars. Wow, that's about twelve to eighteen percent right there. Okay,

(01:44):
rest comes here, an iPhone a thousand bucks, will say,
China share ten to fifteen dollars. That's one to one
point one five, one to one and one half percent.
That's minuscule. What China gets a bicycle it sells for
eight hundred dollars, China gets one hundred, one hundred and fifty.

(02:07):
That's again twelve to eighteen percent. A toy twenty dollars
retail price, China gets two to four dollars, which is
a little bit more ten to twenty percent. They're making
the item there in a factory. I mean, shouldn't they
be entitled to something? And again, you know to everybody

(02:30):
out there is like they took their gyms, They took
your gyms, eight took their factories. Okay, we did lose factories.
We did the job. But again, this has happened throughout
history with labor flows. And guess what new jobs were
created here in the United States. Again, let me ask

(02:55):
you a question. If there was a an assembly line
that opened up in your town where you think about it.
How many people do you think you would get applying
for work. I don't know. I mean, I'm not seeing it.

(03:16):
I'm not feeling it people, I'm really not. So again,
you can keep pushing this idea that China wasted and
decimated our economy and killed the middle class here in
the United States. No, okay, they're gaslighting you. The reason

(03:37):
why things have gotten more expensive here in the United States,
it's not because of China. It's because of us and
all the money printing that we've done, and all the
ridiculous spending that we've done, and because of burdens and
regulations and costs that make everything go up. It's not China,
watch dogganwall Street dot Com