Trump Tariff Victims??

Chris weighs in on the debate surrounding Trump tariffs, highlighting media stories about potential price hikes on goods like avocados, toys, and even Canadian Goose jackets. While acknowledging short-term inconveniences, he argues that tariffs—if used strategically—can drive economic realignment, such as relocating manufacturing jobs back to the U.S. Markowski challenges whether marginal increases in consumer prices, like a $2,200 couch instead of $2,000, truly outweigh the long-term benefits to American industry and workers. 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 that we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Oh No, lots of Trump tariff victims out there, story
after story, mainstream media, all of these companies that are
going to be hurt by Trump tariffs, and yet all
the Americans are going to be hurt by them too.

Speaker 3 (00:33):
Listen, I'm not a fan of tariffs. I'm not unless
they are used properly. Well again, I'm getting these funny
stories here about all of these things that we're going
to get hit on. Avocados, children's toys, furniture. You know
it was another funny one too. It was actually in
a CNBC story Canadian goose jackets. Do you have an

(00:59):
idea how expensive Canadian goose jackets are? There's a line
outside the store in Soho every single day. Do you
do you think the people that are buying a Canadian
goose jacket give a damn that the price might go
up a little bit. Yes, without a doubt, Without a doubt,
certain items are going to go up in price. I

(01:22):
get that. But if tars, if used properly, if youse
properly can push for change, what may give you an example?
Let me give you an example. How about this? Yeah,
stillanis stillanis the car company? It's it's a Dutch company. Yeah,

(01:43):
they're closing down their Canadian plant and moving fifteen hundred
jobs back to Illinois. There there's going to be more
of this. Yes, we need a realignment, without a doubt,
and we do not want the price of everyday items

(02:03):
to go up. But let's be honest here. Okay, let's
be honest. Is it really gonna matter? Is it really
gonna matter to you if your couch, you had a
two thousand dollar couch and your two thousand dollar couch
is now going to be two two ndred dollars. Yeah,
you might not like it, but again, think about this

(02:26):
for a second. If it benefits the United States, if
it's going to help us in the long run, do
you care Another big one out there they keep talking about,
oh my god, beer. Oh yeah, the number one beer
in America is Medello. Number one beer in America is Medello.

(02:46):
And they're concerned all these tariffs on Mexico it's gonna
hurt Medello. They own Corona as well. Your beer goes
up in price, your Medello, they might liken you switch
to another beer. Is it really matter that much? No,
I don't think so. Again, Tariffs, tariffs being used to

(03:11):
benefit we, the people of the United States of America
over the long run? Are fine? Are fine? Use the
wrong way again if it's going to hurt us when
it comes to everyday items. I'm not talking about your
Barbie doll that went from twenty dollars to twenty eight dollars.

(03:31):
We need to get the price of everyday items. That
means we're going to have to start thinking about how
we do things in this country a little bit differently.
French fries coming from Canada was another one too. Oh
my god, you know that one out of every four
French fries eat in America comes from Canada. I don't know.
Maybe try a sweet potato fry. Just saying watchdog on

(03:55):
Wall Street dot Com.