Tariffs- Bad for Business

This episode of "The Leftish Agenda," hosted by Eddie, delves into the complex topic of high tariffs and their impact on the economy. The podcast explores how high tariffs can lead to negative outcomes such as an increase in consumer prices, triggering retaliation from trading partners, and protecting inefficient industries, thereby skewing resource allocation. Eddie also talks about how these tariffs disrupt global supply chains, induce uncertainty in business investments, directly impact employment, and even cause long-term economic damage. The episode emphasizes the ripple effects of these repercussions, highlighting their implications on individual livelihoods, businesses, and broader economic growth. Eddie concludes by cautioning on the potential of high tariffs to induce long-term stagnation and their capability of discouraging foreign investments.