Here’s The Deal with Trump’s Tariff Winners and Losers

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Chris breaks down the hype versus reality behind Trump’s so-called “trade deal” with the UK — which, as it turns out, is little more than a vague framework with no finalized terms. While headlines boast of economic breakthroughs, Markowski exposes how modern trade deals are less about free markets and more about protecting favored industries through regulatory capture. He calls for a return to simple, fair trade: no tariffs, no loopholes, just open exchange — because when deals get bloated, it’s always the little guy who loses. 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 we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
So, do we have a deal? Deal or no deal?
That was a television show, wasn't it there? I forget
some game show deal or no deal? That's that's maybe
an idea how we could work out somebody's tariff deals.
But deal or no deal? Trump is set to announce
a trade deal framework with the UK. Oh okay, frame work. Okay,

(00:40):
this is what I'm getting out of this. The UK
government spokesperson said, talks on a deal between our countries
have been continuing at a pace and the Prime Minister
will update later today. Until recently, British officials remained skeptical
that it would be signed off on imminently, and some

(01:02):
were taken by surprise by Trump's announcement of the pact.
Won't be won't be a comprehensive trade agreement and details
remain yet to be finalized. So it's a framework, it's

(01:23):
a deal. We're going to promise maybe later on to
put something together. We impose ten percent tariff on most
goods imported from the UK. We also the UK is
also subject to the twenty five percent tariffs on steel
and aluminum. Again they're hoping I guess the UK wants

(01:47):
a reduction on the twenty five percent tariffs, but the
ten percent is going to remain in place. They're offering
I guess some can sessions in regards to the digital
tax that they put on some of our tech companies.
It's going to be very narrowly focused on removing barriers

(02:10):
to trade and specific sectors and trying to boost competition.
But again we don't know what the end is going
to be. Again, hopefully there will be a comprehensive deal. Again,
I want to go back to what trade deals should be.

(02:31):
True trade deals should be on one page. You don't
whack us, we don't whack you with tariffs, and we
do business. What trade deals have become in many respects.
You know what Warren Buffett talks about, basically regulatory capture

(02:52):
and building moats around favored industries. And again, these are
things that are done depending upon who's in power, what
industry you want to protect, whatever it may be. And
then you know what, you sacrifice other industries, which quite frankly,
is not fair. If you subscribe to the belief as

(03:12):
I do, like Jefferson talked about the Declaration of Independence
that we are all supposed to be equal under the law.
We absolutely trample that ideal all the time. Power decides
to pick winners and losers. And that's what happens, and

(03:34):
that's why trade deals are thousands of pages long. And again,
who ends up losing out? Yeah, the little guy watch
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