November 13, 2024 • 10 mins
Join Paul Amadeus Lane on Tech Zone as he breaks down the complex world of tariffs and their potential ripple effects on the tech industry and the economy as a whole. What exactly are tariffs, and how do they influence the prices of the gadgets and devices we rely on every day? Paul explores these questions and more, setting the stage for a compelling interview with Steve Yewel, Executive Director of the Consumer Technology Association Foundation.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:19):
In this world of technology, things are ever changing, rearranging.
You need someone to help you out. I know someone
who can come and take a journey with me. As
we go through the land of technology. You'll never be alone.
Speaker 2 (00:36):
You'll be with Paul.
Speaker 3 (00:37):
I'm an dance laying in the Tech Zone. Take a
little trip with me and hopefully you can see how
the hood, suburbs and main street are all connected no respect.
Speaker 2 (00:50):
Can I mean we network.
Speaker 3 (00:52):
Across the globe because h's a global market. In case
s you didn't know, and since we all about information flow,
let me be the first one to work from you
to Tech Zone with Paul Armadas Lane. Let's talk tech
because technology changing the game. It's so good in the hood,
ex everywhere. Now, let's get into the show because we
von a yeah.
Speaker 2 (01:12):
Hello and welcome to the Tech Zone. I am your
hostess with the most is Paul Almadeas Lane and I
am so excited to have you on the show today.
Why we got a jam packed show for you today.
In our first segment, we're gonna dive head first and
here's mysterious tech Talk. We'll be exploring the potential impact
(01:37):
of the recent election results on the world of tech
so get ready to unpack them tariffs, possible trade wars,
and really what it's gonna mean for your pocketbook. So
you don't want to miss our show today. But first
a quick reminder. Then later on in the show, we're
(01:58):
gonna be joined by my great friend, Sir Stephen Yule,
the executive director of the Consumer Technology Association Foundation. You know,
that's how I gave him the highest degree of declaration,
the executive director. So we get ready to chat with him.
We're going to be getting the inside scoop on Cees
(02:18):
twenty twenty five, y'all. Can you believe it's almost You're
already including the Eureka Park contest. Remember Steve and I
talked about it recently on an episode a few weeks back,
a couple of months ago. I was going to talk
about other exciting opportunities for those in the tech industry.
(02:39):
So you're ready to get down to brass tax or,
as to say, brass tariffs. First and foremost, what exactly
is the tariff? Well, simply put, it's a tax imposed
by a government own goods imported from other countries. Think
(02:59):
of it as as a border fee. And if you
ever go out of town, different countries. You have to
pay things when you bring things back right. Well, the
United States, they've had a long and complicated history with tariffs.
Remember that old MySpace or Facebook relationship status is complicated. Well,
(03:19):
tariffs in the United States is complicated. Early in US
history it was relied on heavily when they came to
tariffs to generate revenue. In fact, before the income tax,
tariffs are one way and one main source of funding
for the government. Founding father Alexander Hamilton, he was a
(03:41):
big proponent of teriffs and to protect young American industries,
and this was called protectionist. So this approach continued through
the nineteenth century and into the early twentieth centuries. But
then came what was called that I remember in my
(04:04):
history lesson was the Smooth Howly Tariff Act of nineteen thirty.
Now that act dramatically, dramatically raised tariffs on thousands of
imported goods. Well, what result will Many economists believe that
this contributed to the severity of the Great Depression? Remember
(04:28):
that what happened was other companies are the countries, I'm sorry,
started to retaliate with their own tariffs and goods for
goods and trade they cause a lot of problems. Now,
learning from this, after World War Two, there were this
global push towards reducing the trade barriers. The General Agreement
(04:53):
on Tariffs and Trades the GATT was and later the
World Trade Organization w was formed to promote free trade
and discourage this protectionalist type of attitude of policies like
high tariffs. And this led to significant decline in the
(05:14):
average UF tariff rates and throughout the later half of
the twentieth century. But as we all know, history does
not always move in a straight line, does. It may
curve around, it may bend around. So in recent years
we've seen a resurgence of tariffs as a tool for
(05:37):
trade negotiations, particularly with China. Now, these tariffs have impacted
wide range of goods. What are some of those goods
and many of the goods in the tech products that
we use, smartphones, laptops, and computers. Remember how high cput
(06:00):
chips got Remember that during the pandemic and they're still
high today. There's a big question what impact do these
tariffs have on the economy. Well, it's really a complex
issue with arguments on both sides. Now, the supporters of
tariffs agree that they protect domestic industries and jobs and
(06:25):
can be used to really leverage trade deals. You can
be used as leverage. Now what about the critics. They
argue that tariffs raise prices for consumers, hurt businesses that
rely on imported goods, and can lead to retaliatory terraffs
(06:46):
from other countries, and it can really harm global trade
and economic growth. Now what about where we live in
the tech world and we are in the tech zone. Well,
tariffs can increase the costs of manufacturing and ultimately lead
(07:10):
to higher prices for consumers. And consumers do not lack
higher prices. See companies like Apple, HP and L they've
been impacted by their recent tariff increases. We fill that pain,
don't we See That's why it's important for us to
(07:31):
always remember that the global economy is interconnected. See changes
in any trade policy like tariffs and can have a
ripple effect throughout the world. And remember we're just coming
out of a pandemic. So what are your thoughts? What
do you think about tariffs? Are they a necessary tool
(07:55):
to protect American interest? Are a harmful barrier to free trade?
Let me know your thoughts comment on this episode, reach
out to me Paul Amida's Lane dot com and don't
forget to subscribe to the tech Zone with Paul Amidea's Lane.
I'm going to be talking about this for the next
(08:16):
few years, I know, so stay up to date. Make
sure he's some experts on We can talk about it too,
especially how it impacts the tech room. So coming up
after the break, we have the privilege I speaking with
my great friend Steve yule The I mean, the executive
director of the Consumer Technology Association Foundation. But we're going
(08:42):
to be discussing the year Week of Park contest at
CEES twenty twenty five, which is a fantastic launch pad
for startups. And Steve will also be sharing details about
other incredible competitions and opportunities that the CTA Foundation is
offering to those in the tech industry. And of course
(09:07):
he and I are going to dive in the CEES
twenty twenty five itself get a sneak peek of what
to expect at the world's biggest tech event I called
the super Bowl of Tech. So do me a favor,
don't go anywhere, Stay tuned for this insightful and inspiring
(09:29):
conversation with Steve. You'll the executive director of the Consumer
Technology Association Foundation. And as we used to say early
morning Saturday cartoons, after these messages, we'll be right that
they'll go all be right back with more Tech Zone
after these messages.
Speaker 1 (09:50):
In this world, the technology is ever changing, rearranging.
Speaker 2 (09:55):
You need someone to help you out. I need someone
that can be only you be with Paul.
Speaker 3 (10:01):
I'm gonna ga slaying in the check Zoe.
Speaker 2 (10:06):
Mm hmm.
In this world of technology, things are ever changing, rearranging.
You need someone to help you out. I know someone
who can come and take a journey with me. As
we go through the land of technology. You'll never be alone.
Speaker 2 (00:36):
You'll be with Paul.
Speaker 3 (00:37):
I'm an dance laying in the Tech Zone. Take a
little trip with me and hopefully you can see how
the hood, suburbs and main street are all connected no respect.
Speaker 2 (00:50):
Can I mean we network.
Speaker 3 (00:52):
Across the globe because h's a global market. In case
s you didn't know, and since we all about information flow,
let me be the first one to work from you
to Tech Zone with Paul Armadas Lane. Let's talk tech
because technology changing the game. It's so good in the hood,
ex everywhere. Now, let's get into the show because we
von a yeah.
Speaker 2 (01:12):
Hello and welcome to the Tech Zone. I am your
hostess with the most is Paul Almadeas Lane and I
am so excited to have you on the show today.
Why we got a jam packed show for you today.
In our first segment, we're gonna dive head first and
here's mysterious tech Talk. We'll be exploring the potential impact
(01:37):
of the recent election results on the world of tech
so get ready to unpack them tariffs, possible trade wars,
and really what it's gonna mean for your pocketbook. So
you don't want to miss our show today. But first
a quick reminder. Then later on in the show, we're
(01:58):
gonna be joined by my great friend, Sir Stephen Yule,
the executive director of the Consumer Technology Association Foundation. You know,
that's how I gave him the highest degree of declaration,
the executive director. So we get ready to chat with him.
We're going to be getting the inside scoop on Cees
(02:18):
twenty twenty five, y'all. Can you believe it's almost You're
already including the Eureka Park contest. Remember Steve and I
talked about it recently on an episode a few weeks back,
a couple of months ago. I was going to talk
about other exciting opportunities for those in the tech industry.
(02:39):
So you're ready to get down to brass tax or,
as to say, brass tariffs. First and foremost, what exactly
is the tariff? Well, simply put, it's a tax imposed
by a government own goods imported from other countries. Think
(02:59):
of it as as a border fee. And if you
ever go out of town, different countries. You have to
pay things when you bring things back right. Well, the
United States, they've had a long and complicated history with tariffs.
Remember that old MySpace or Facebook relationship status is complicated. Well,
(03:19):
tariffs in the United States is complicated. Early in US
history it was relied on heavily when they came to
tariffs to generate revenue. In fact, before the income tax,
tariffs are one way and one main source of funding
for the government. Founding father Alexander Hamilton, he was a
(03:41):
big proponent of teriffs and to protect young American industries,
and this was called protectionist. So this approach continued through
the nineteenth century and into the early twentieth centuries. But
then came what was called that I remember in my
(04:04):
history lesson was the Smooth Howly Tariff Act of nineteen thirty.
Now that act dramatically, dramatically raised tariffs on thousands of
imported goods. Well, what result will Many economists believe that
this contributed to the severity of the Great Depression? Remember
(04:28):
that what happened was other companies are the countries, I'm sorry,
started to retaliate with their own tariffs and goods for
goods and trade they cause a lot of problems. Now,
learning from this, after World War Two, there were this
global push towards reducing the trade barriers. The General Agreement
(04:53):
on Tariffs and Trades the GATT was and later the
World Trade Organization w was formed to promote free trade
and discourage this protectionalist type of attitude of policies like
high tariffs. And this led to significant decline in the
(05:14):
average UF tariff rates and throughout the later half of
the twentieth century. But as we all know, history does
not always move in a straight line, does. It may
curve around, it may bend around. So in recent years
we've seen a resurgence of tariffs as a tool for
(05:37):
trade negotiations, particularly with China. Now, these tariffs have impacted
wide range of goods. What are some of those goods
and many of the goods in the tech products that
we use, smartphones, laptops, and computers. Remember how high cput
(06:00):
chips got Remember that during the pandemic and they're still
high today. There's a big question what impact do these
tariffs have on the economy. Well, it's really a complex
issue with arguments on both sides. Now, the supporters of
tariffs agree that they protect domestic industries and jobs and
(06:25):
can be used to really leverage trade deals. You can
be used as leverage. Now what about the critics. They
argue that tariffs raise prices for consumers, hurt businesses that
rely on imported goods, and can lead to retaliatory terraffs
(06:46):
from other countries, and it can really harm global trade
and economic growth. Now what about where we live in
the tech world and we are in the tech zone. Well,
tariffs can increase the costs of manufacturing and ultimately lead
(07:10):
to higher prices for consumers. And consumers do not lack
higher prices. See companies like Apple, HP and L they've
been impacted by their recent tariff increases. We fill that pain,
don't we See That's why it's important for us to
(07:31):
always remember that the global economy is interconnected. See changes
in any trade policy like tariffs and can have a
ripple effect throughout the world. And remember we're just coming
out of a pandemic. So what are your thoughts? What
do you think about tariffs? Are they a necessary tool
(07:55):
to protect American interest? Are a harmful barrier to free trade?
Let me know your thoughts comment on this episode, reach
out to me Paul Amida's Lane dot com and don't
forget to subscribe to the tech Zone with Paul Amidea's Lane.
I'm going to be talking about this for the next
(08:16):
few years, I know, so stay up to date. Make
sure he's some experts on We can talk about it too,
especially how it impacts the tech room. So coming up
after the break, we have the privilege I speaking with
my great friend Steve yule The I mean, the executive
director of the Consumer Technology Association Foundation. But we're going
(08:42):
to be discussing the year Week of Park contest at
CEES twenty twenty five, which is a fantastic launch pad
for startups. And Steve will also be sharing details about
other incredible competitions and opportunities that the CTA Foundation is
offering to those in the tech industry. And of course
(09:07):
he and I are going to dive in the CEES
twenty twenty five itself get a sneak peek of what
to expect at the world's biggest tech event I called
the super Bowl of Tech. So do me a favor,
don't go anywhere, Stay tuned for this insightful and inspiring
(09:29):
conversation with Steve. You'll the executive director of the Consumer
Technology Association Foundation. And as we used to say early
morning Saturday cartoons, after these messages, we'll be right that
they'll go all be right back with more Tech Zone
after these messages.
Speaker 1 (09:50):
In this world, the technology is ever changing, rearranging.
Speaker 2 (09:55):
You need someone to help you out. I need someone
that can be only you be with Paul.
Speaker 3 (10:01):
I'm gonna ga slaying in the check Zoe.
Speaker 2 (10:06):
Mm hmm.
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