https://www.youtube.com/watch/2u5R05RbQMQ Who benefits from Trump’s tariff wall? | Ian Bremmer’s Quick Take
The markets are tanking as the US attacks globalization through Trump’s tariff wall. In this Quick Take, @Ian_Bremmer examines who bears the cost of this anti-globalist push.
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Ian Bremmer’s Quick Take: β
A Quick Take to kick off your week and what a week it is going to be. An extraordinary downturn in US and global markets. The reaction to ‘Liberation Day’ where American citizens will be liberated from the highest performing economy in the world. Now, globalization, of course, is what is being undone here by the United States. The US benefited massively from globalization, from cheaper goods and services and capital and people moving more easily across borders all over the world. But the fact that the United States economy as a whole benefited did not mean that the average American benefited. They did not. And indeed, while the top 10% did much, much better in the US over the last 40 years, the top 1% even better, the top 0.001%, not only extraordinarily well, world leading well, but also had the money to capture the US political system and ensure that the policies were exactly what they wanted.
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GZERO Media, a Eurasia Group company, is a multimedia publisher providing news, insights, and commentary on the events shaping our world. Our properties include GZERO World with Ian Bremmer, our weekly show on US public television; our newsletters GZERO Daily, GZERO AI, GZERO North, and GZERO Daily with Ian Bremmer; our parody series Puppet Regime; our digital video series including Ian Bremmer’s Quick Take every week; and the GZERO World Podcast. Our content is free and available at https://ift.tt/5TL6gxv.
via YouTube https://www.youtube.com/watch?v=2u5R05RbQMQ
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