Comments by "Kevin Street" (@Kevin_Street) on "Can Trump's Tariffs Work?" video.

  1. Thank you for a really interesting and informative video on a subject that's something of a hot button today. You did an admirable job of explaining the issue without getting into politics, and educating us about tariffs in a way that feels painless. I love how you say things in your videos that aren't easy to summarize, and I often have to watch the video more than once to fully get what you mean. Unlike a lot of YouTubers you consistently avoid "dumbing down" your subjects to simple, easy to remember bullet points. That said, I very much doubt Trump will attempt to rebalance global trade in the way you describe, by making an alliance with other deficit countries. I think he'll probably try to impose the tariffs that he's promised, but then abruptly reverse course when the stock market melts down in panic. Despite this he'll somehow say it was a victory. If Trump was smarter than he actually is and attempted to rebalance global trade in the way you described, I think he'd inevitably change course and abandon the plan, because it would lead to permanently lower prices on the NYSE. You said that foreigners own about 20% of the stocks in America, and that capital would have to be "repatriated in an orderly way" in a rebalanced world. The stock market would see that as a recession, and it might even lead to a "lost decade" of lower investment for an extended period of time.
    2