Podcasts about buy america

For years, Asia’s economic engines powered up by selling to America and stashing the proceeds in US assets. But that old rhythm is faltering.As Washington grapples with ballooning deficits, surging yields, and a protectionist pivot, investors are beginning to ask: Is the era of "Buy America" quietly ending?On Wealth Tracker, Hongbin Jeong takes a closer look at the forces behind a growing “Sell America” trend and why it could reshape the future of markets, power, and the global economic order, with Danish Lim, Senior Investment Analyst, Phillip Nova. See omnystudio.com/listener for privacy information.

Az amerikai-kínai vámmegállapodás hétfőn dühödt vételeket hozott az amerikai részvénypiacra, miközben most a világ többi része és az eddig szeretett instrumentumok egy csoportja a szignifikáns lemaradó. Szárnyal a technológia a lakossági kedvenc Nvidia, Tesla, Palantir trió vezetésével. Eközben az egészségügyi részvények lettek az amerikai részvénypiac legnagyobb betegei. Donald Trump delegációja a Közel-Keleten igen látványos látogatáson vesz részt, aminek az egyik különleges aspektusa Jensen Huang Nvidia vezér jelenléte. Öltönyben a megszokott bőrdzseki helyett. Szaúd-Arábiában a héten megterítésre került a világ leggazdagabb vacsoraasztala.A hét legfontosabb eseményeiről Jónap Richárd és Móró Tamás beszélgetett.Olvass minden nap a világ történéseiről egy Concorde-os szemüvegén keresztül: https://www.concordeblog.hu/Kövess bennünket minden csatornánkon:https://www.linkedin.com/company/concordecsoport/https://www.instagram.com/concordecsoport/https://www.facebook.com/concorde/https://www.youtube.com/@concorde_csoport

The Father of Reaganomics, David Stockman, joins us to explore the complex world of international trade and its impact on investors.  Key insights include: Challenging conventional wisdom about trade policies Understanding economic forces that drive investment opportunities Gaining expert perspective on global economic trends Stockman provides a candid analysis of current trade strategies, revealing: The true drivers of economic competitiveness Potential pitfalls of protectionist approaches Critical insights for strategic investors The episode cuts through political noise to offer clear, actionable economic intelligence for informed decision-making. Smart investors look beyond headlines to understand the deeper economic forces shaping their financial future. Resources: Check out David Stockman's Contra Corner Newsletter Show Notes: GetRichEducation.com/553 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai    Keith Weinhold  0:01   Welcome to GRE. I'm your host. Keith Weinhold, I sit down with a long time White House occupant who was the official economic advisor to an ex president. We get the real deal on tariffs and what they mean to you. Trump gets called out and the ominous sign about what's coming six months from now, today on, Get Rich Education.   Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being the flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com   Corey Coates  1:14   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:30   Welcome to GRE from Brookline, Massachusetts to Brooklyn, New York and across 188 nations worldwide. I'm Keith Weinhold, and you are listening to get rich education, just another shaved mammal behind this microphone here. I recently spent some time with the father of Reaganomics, David Stockman, in New York City, and sometimes an issue so critical surfaces that real estate investors need to step back and understand a broader force in the economy. Three weeks ago, here, I told you how the second and third way, real estate pays you. Cash flow and ROA are sourced by your tenants employment and the future of your tenants employment is influenced by tariffs and other policies of this presidential administration. This is going to affect rates of inflation and a whole lot of things. Now, an organization called the American Dialect Society, they actually name their word of the year, and this year, it is shaping up to be that word, tariff. In fact, Trump has described that word as the most beautiful word in the dictionary. And I think we all know by now that a tariff is an import tax that gets passed along to consumers when it comes to materials used in real estate construction that's going to affect future real estate prices. Well, several key ones so far were exempted from recent reciprocal tariffs, including steel, aluminum, lumber and copper exempted. Not everything was exempted, but those items and some others were but who knows if even they are going to stay that way. And now, when it comes to this topic. I think a lot of people want to make immediate overreactions in even posture like they're an expert in become an armchair economist, and I guess we all do a little of that, me included. But rather than being first on this and overreacting, let's let the policy which Trump called Liberation Day last month when he announced all these new tariffs. Let's let policy simmer a little and then bring in an expert that really knows what this means to the economy and real estate. So that's why I wanted to set up this discussion for your benefit with the father of Reaganomics and I today. In fact, what did Reagan himself say about tarrifs back in 1987 this is part of a clip that's gained new life this year. It's about a minute and a half.    Speaker 1  4:13   Throughout the world, there's a growing realization that the way to prosperity for all nations is rejecting protectionist legislation and promoting fair and free competition. Now there are sound historical reasons for this. For those of us who lived through the Great Depression, the memory of the suffering it caused is deep and searing, and today, many economic analysts and historians argue that high tariff legislation passed back in that period called the Smoot Hawley tariff greatly deepened the depression and prevented economic recovery. You see at first when someone says, Let's impose tariffs on foreign imports, it looks like they're doing the patriotic thing by protecting American products and jobs, and sometimes for a short while at work. Price, but only for a short time. What eventually occurs is first, home grown industries start relying on government protection in the form of high tariffs. They stop competing and stop making the innovative management and technological changes they need to succeed in world markets. And then, while all this is going on, something even worse occurs. High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars. The result is more and more tariffs, higher and higher trade barriers, and less and less competition, so soon, because of the prices made artificially high by tariffs that subsidize inefficiency and poor management, people stop buying. Then the worst happens, markets shrink and collapse, businesses and industry shut down, and millions of people lose their jobs.    Keith Weinhold  5:50   Now, from what I can tell you as a listener in the GRE audience, maybe you're split on what you think about tariffs. In fact, we ran an Instagram poll. It asks, generally speaking, tariffs are good or bad? Simply that 40% of you said good, 60% bad. Over on LinkedIn, it was different. 52% said they're good, 48% bad. So it's nearly half and half. And rather than me taking a side here, I like to bring up points that support both sides, and then let our distinguished guests talk, since he's the expert. For example, if a foreign nation wants to access the world's largest economy, the United States, does it make sense for them to pay a fee? I mean, it works that way in a lot of places, when you want to list a product on eBay or Amazon, you pay them a fee. You pay a percentage of the list price in order to get access to a ready marketplace of qualified buyers. All right. Well, that's one side, but then the other side is, come on, let's look at history. Where have tariffs ever worked like Where have they ever been a resounding, long term success? Do they have any history of a sustained, good track record? I generally like free trade. Then let's understand there's something even worse than a steep tariff. There are quotas which are imposed, import limits, trade limits, and then there are even all out import bans. What do terrorists mean to the economy that you are going to live in and that your tenants live in? It's the father of Reaganomics, and I on that straight ahead on Get Rich Education. I'm your host. Keith Weinhold.   you know what's crazy? Your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back, no weird lock ups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text, family to 66866, to learn about freedom, family investments, liquidity fund, again. Text family to 6686   Hey, you can get your mortgage loans at the same place where I get mine, at Ridge lending group and MLS, 42056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. You can start your pre qualification and chat with President Caeli Ridge personally. Start Now while it's on your mind at Ridge lendinggroup.com, that's ridgelendinggroup.com.    Hey   Robert Helms  9:28   Hey everybody. It's Robert Helms of the real estate guys radio program. So glad you found Keith Weinhold in get rich education. Don't quit your Daydream.   Keith Weinhold  9:48   when it comes to White House economic policy like tariffs, taxes and inflation, don't you wish you could talk to someone that's often been inside the White House. Today, we are even better. He was the official advisor to an ex president on economic affairs, a Wall Street and Washington insider and Harvard grad. Today's guest is also a former two time congressman from Michigan. He's a prolific author, and he is none other than the man known as the father of Reaganomics. He was indeed President Ronald Reagan's budget advisor. He was first with us last year, but so much has happened since. So welcome back to the show. David Stockman,    David Stockman  10:26   very good to be with you, and you're certainly right about that. I think we're really in uncharted waters. Who could have predicted where we are today, and therefore it's very hard to know where we're heading, but you have to try to peer through the fog and all the uncertainty and the noise and the, you know, day to day ups and downs that's coming from this White House in a way that we've never seen before. And I started on Capitol Hill in 1970 so I've been watching this, you know, for more than a half century, actually, quite a while. And man, it's important to go through all this, but it's sort of uncharted waters.    Keith Weinhold  11:04   Sure, it's sort of like you wake up every day and all you do know is that you don't know. And David, when it comes to tariffs, I want to give you my idea, and then I want to ask you about what the tariff objective even is. Now, to be sure, no one is asking me how to advise the President. I'm an international real estate investor, but I do most of my business in the US, and I sure don't have international trade policy experience. It seems better to me, David, that rather than shocking the world with new tariffs that kick in right away, it would have been better to announce that tariffs begin in, say, 90 days, and then give nations space to negotiate before they kick in. That's my prevailing idea. My question to you is, what's the real objective here? What are terrorists proposed to do? Raise revenue, onshore companies merely a negotiation tactic? Is the objective? Something else?    David Stockman  12:00   Well, it might be all of the above, but I think it's important to start with a predicate, and that is that the problem is not high tariffs abroad or cheating by foreign competitors or exporters. There is a huge problem of a chronic trade deficit that is not benign, that does reflect a tremendous offshoring of our industrial economy, the loss of good, high paying industrial and manufacturing jobs. So the issue is an important one to address, but I have to say, very clearly, Trump is 100% wrong when he attempts to address it with tariffs, because foreign tariffs aren't the problem. Let me just give a couple of pieces of data on this, and I've been doing a lot of research on this. If you take the top 51 exporters to the United States, our top 51 trade partners, and this is Mexico and Canada and the entire EU and it's all the big far eastern China, Japan, South Korea, India, you know, all the rest of them. If you look at the and that's 90% of our trade, we have 2.9 trillion of imports coming in from all of those countries, and the tariff that we Levy, this is the United States, on those imports, is not high. It's higher than it was in the past, mainly because of what Trump did in the first term, but it's 3.9% now compared to bad times historically, decades and decades ago. That's relatively low. But here's the key point, if we look at the same 51 trading partners in terms of the tariffs they levy on our exports to China and to the EU and to Canada and Mexico and South Korea and all the rest of them. The tariff average, weighted average that they levy is 2.1% so let me restate that the average US tariff is about twice as high 4% around things as what our partners imposed 2% now the larger point is whether it's 4% or 2% doesn't make a better difference. That's not a problem when it comes to 33 trillion of world trade of which we are, you know, the United States engages in about five and a half trillion of that on a two way basis, import, export, in the nexus of a massive global trading system. So he's off base. He's wrong. The target is not high tariffs or unfair foreign trade. Now there are some people who say, Well, you're looking at monetary tariffs. So in other words, the import duty they levy on, you know, exports to South Korea or India or someplace like that, right? And that, the real issue, supposedly, is non tariff barriers. For instance, you know, some governments require you that all procurement by government agencies has to be sourced from a domestic supplier, which automatically shuts out us suppliers who might want that business. Well, the problem is we're the biggest violator of the non tariff barrier in that area. In other words, we have something like $900 billion worth of state, federal and local procurement that's under Buy America policies, which means EU, Mexico, Canada, China, none of them can compete. Now I mention that only as one example, because it's the kind of classic non tariff barrier, as opposed to import duty that some people point to, or they point to the fact that while foreign countries allegedly manipulate their currency, but you know the answer to that is that number one, overwhelming, no doubt about it, largest currency manipulator in the world, is the Federal Reserve. Okay, so it's kind of hard to say that there's a unfair trade problem in the world because of currency manipulation. And then there is, you know, an argument. Well, foreign governments subsidize their exporters. They subsidize their industrial companies, and therefore they can sell things cheaper. And therefore that's another example of unfair trade, but the biggest subsidizer of tech industry, and of a lot of other basic industry in the United States is is the Defense Department. You know, we have a trillion dollar defense budget, and we put massive amounts of dollars in, not only to buying, you know, hardware and weapons and so forth, but huge amounts of R and D that go into developing cutting edge technologies that have a lot of civilian applications that, in fact, we see all over the world. That's why we're doing this broadcast right now. The point is that problem is not high tariffs because they're only low tariffs. The problem is not unfair trade, because there's all kinds of minor little interferences with pure free markets, but both, everybody violates those one way or another due to domestic politics. But it's not a big deal. It doesn't make that big a difference. So therefore, why do we have a trillion dollar trade deficit in the most recent year, and a trade deficit of that magnitude that's been pretty continuous since the 1970s the answer is three or four blocks from the White House, not 10,000 miles away in Beijing or Tokyo. The answer is the Federal Reserve has in the ELLs building there in DC, not far from the White House. Yes, yes, right there, okay, the Eccles building the Fed has a huge, persistent pro inflation bias, sure. And as a result of that, it is pushed the wage levels and the price levels and the cost levels of the US economy steadily higher, and therefore we've become less and less competitive with practically everybody, but certainly a lower wage countries nearby, like Mexico or China, far away. And you know, there's, it's not that simple of just labor costs and wages, because, after all, if you source from China, you've got to ship things 10,000 miles. You've got supply chain management issues, you've got quality control issues, you've got timeliness issues. You have inventory carry costs, because there's a huge pipeline, and of course, you have the actual freight cost of bringing all those containers over. But nevertheless, when you factor all that in, our trade problem is our costs are too high, and that is a function of the pro inflation policies of the Fed. Give one example. Go back just to the period when the economy was beginning to recover, right after the great recession. And you know the crisis of 208209 and I started 210 unit labor costs in manufacturing in the United States. Just from 210 that's only 15 years, are up 55% that's unit labor costs. In other words, if you take wage costs and you subtract productivity growth in that 15 year period, the net wage costs less productivity growth, which is what economists call unit labor costs, are up 53% and as a result of that, we started, you know, maybe with a $15 wage difference between the United States and.China back in the late 1990s that wage gap today is $30 in other words, the fully loaded way at cost of average wages in the United States. And I'm talking about not just the pay envelope, but also the payroll taxes, the you know, charge for pension expense, health care and so forth. The whole fully loaded cost to an employer is about $40 an hour, and it's about $10 in the United States and it's about $10 an hour in China. Now that's the reason why we have a huge trade deficit with China, because of the massive cost difference, and it's not because anybody's cheating. Is because the Fed, in its wisdom, decided, well, you know, everybody will be okay. We're going to inflate the economy at 2% a year. That's their target. It's not like, well, we're trying to get low inflation or zero inflation, but we're not quite making it. No, they're proactive. Answer is, we've got to have 2% or the economy is not going to work. Well, well, 2% sounds well, that's a trivial little number. However, when you do it year after year, decade after decade, for a long period of time, and the other side is not inflating at the same rate, then in dollar terms, you have a problem, and that's where we are today. So this is important to understand, because it means the heart of the whole Trump economic policy, which is trying to bring manufacturing home, trying to bring industry back to the United States, a laudable objective is based on a false diagnosis of why this happened, and it is unleashed ball in the china shop, disruption of global economic flows in relationships that are going to cause unmitigated problems, even disaster in the US economy. Because it's too subtle, when you think about it, the world trade system just goods. Now, we've not even talking about services yet, or capital flows or financing on a short term basis. The World Trade in goods, merchandise, goods only is now 33 trillion. That is a hell of a lot of activity of parts and pieces and raw materials and finished products flowing in. You know, impossible to imagine directions back and forth between dozens and dozens of major economies and hundreds overall. And when you start, you step into that, not with a tiny little increase in the tariff. To give somebody a message. You know, if our tariffs are averaging 4% that's what I gave you a little while ago. And you raise tariffs to 20% maybe that's a message. But Trump didn't do that. He raised the tariff on China to 145% in other words, let's just take one example of a practical product, almost all the small appliances that you can find in Target or even a higher end retail stores United States or on Amazon are sourced in China because of this cost differential. I've been talking about this huge wage differential. So over the last 20, 25, years, little it went there now 80% of all small appliances are now sourced in China, and one, you know, good example would be a microwave oven, and a standard one with not a lot of fancy bells and whistles, is $100 now, when you put 145% tariff on the $100 landed microwave oven is now $245 someone's going to say, Gee, are we going to be able to sell microwaves at $245 they're not certain. I'm talking about a US importer. I'm talking about someone who sells microwaves on Amazon, for instance, or the buyers at Walmart or Target, or the rest of them, they're going to say, wait a minute, maybe we ought to hold off our orders until we see how this is going to shake out. And Trump says he's going to be negotiating, which is another whole issue that we'll get into. It's a lot of baloney. He has no idea what he's doing. Let's just face the facts about this. So if orders are suddenly cut back, and the flow that goes on day in and day out across the Pacific into the big ports in Long Beach in Los Angeles is suddenly disrupted, not in a small way, but in a big way, by 20, 30, 40, 50% six or seven months down the road, we're going to have empty shelves. We're going to have empty warehouses. We're going to have sellers who suddenly realize there's such a scarcity of products that have been hit by this blunderbuss of tariffs that we can double our price and get away with it.   Keith Weinhold  25:00   Okay, sure. I mean, ports are designed. Ports are set up for stadium flows, not for surges, and then walls and activity. That just really doesn't work.   David Stockman  25:08   And let me just get in that, because you're on a good point. In other words, there is a complicated supply line, supply chain, where, you know, stuff is handed off, one hand to another, ports in China, shipping companies, ports here, rail distribution systems, regional warehouses of you know, people like Walmart and so forth, that whole supply chain is going to be hit with a shock. Everything is going to be uncertain in terms of the formulas that everybody uses right now, you know that you sell 100 units a week, so you got to replace them at the sales rate, and you put your orders in, and know that it takes six weeks to get here, and all this other stuff, all of the common knowledge that's in the supply chain that makes it work, and the handoffs smooth and efficient From one player in the supply chain to the next, it's all going to be disrupted. But the one thing we're going to have is we're going to have shortages, we're going to have empty shelves, and we're going to have price which I'm sure that Trump is not going to start saying price gouging of a you know, right? But that's not price gouging. If you have a you know, go to Florida. We have a hurricane. Where we live in Florida and New York, we have a hurricane. All of a sudden the shelves are empty and there's no goods around, because everybody's been stocking up getting ready for the storm. And then all of a sudden, the politicians are yelling that somebody's price gouging, because they raised their prices in a market that was in disequilibrium. Well, that's not price gouging. That's supply and demand trying to find a new balance basic economics. You know, when the demand is 100 and the supply is 35 okay, but I'm kind of getting ahead here, but I think there's very good likelihood that there's going to be a human cry right before, you know, maybe in the fall or right before Christmas, about price gouging and Trump then saying, Well, I was elected to bring prices down and bring inflation under control. It's out of control because all of these foreigners raised their prices. And no, they did, and it was the tariff that did it, and all the people in the supply chain are trying to take advantage of the temporary disruptions. So I think people have to understand, and I can't say this, and I don't like to say it, because I certainly didn't think the other candidate in the last election had anything to offer in terms of dealing with our serious economic problems in this country. I'm talking about Harris. But the fact is, Donald Trump has had a wrong idea for the last 40 to 50 years of his adult life. In that core idea is that trade deficits are a sign of the other side cheating. They're a sign that you're being exploited or taken advantage of or ripped off, or it's not at all okay. Trade deficits are a consequence of cost differences between different jurisdictions, and to the extent that we've artificially, unnecessarily inflated our costs. We need to fix the problem at the source. He ought to clean house at the Federal Reserve. But the problem is, Trump wants lower interest rates when, in fact, the low interest rates created all the inflation that led to our loss of competitiveness and the huge trade deficits we have today. So to summarize, it is important to understand, do not have faith in Trump's promise that we're going to have a golden age of economic prosperity. We are going to have a economic disaster, and it's a unforced error. It's self inflicted, and it's the result of the wrong fundamental idea of one guy who's in the oval office right now throwing his considerable weight around and pushing the economy into upheaval that really is totally unnecessary. He should have done what he was elected to do, and Matt's work on getting production up and costs down, that's not going to be solved with tariffs. David, I have another important point to bring up. But before we do just quickly, are those two to 4% tariffs you mentioned earlier. Those are the tariff levels pre Trump second term correct.    We could clarify that those are for the year 2023 that was the latest full year data that we have with great deal of granularity.    Keith Weinhold  29:56   The point I want to bring up is there any history? That tariffs actually work. Some people cite the Smoot Hawley Tariff Act from the 1930s and that it drove us deeper into the Great Depression. And David, on the one hand, when we think about, do tariffs actually work? If Indonesia can make shoes for us for $11 why would we want to onshore an activity like that? That is a good deal for us. And then, on the other hand, you have someone like Nvidia, the world's leading semiconductor company, they announced plans to produce some of their AI supercomputers entirely on American soil for the first time recently. And you have some other companies that have made similar announcements. So that's a small shred of evidence that tariffs could work. But my question is, historically, do tariffs actually work?    David Stockman  30:44   That's a great question, and there's a huge history. And you can go back all the way the 19th century, where Donald Trump seems to be preoccupied, but what he fails to recognize is that they worked in the 19th century because they were revenue tariffs. It wasn't an effort to, like, bring jobs back to America. We were booming at the time. Jobs were coming to America, not leaving, and it was the federal government's main source of revenue. Because, as you know, prior to 1913 there was no income tax, right? So that was one thing. Okay, then when we got into the 20th century and host World War Two, it became obvious to people that the whole idea of comparative advantage, going all the way back to Adam Smith, and that enhanced a global trade where people could specialize in whatever their more competitive advantage is, was a Good thing. And so we had round after round of negotiations after World War Two that reduced tariff levels steadily, year by year, decade by decade. So by the time we got to the 1990s when China, then, you know, arose from the disaster of Mao and Mr. Dang took over and created all the export factories and said, It's glorious to be rich and all these things is we got red capitalism. But if we start in the 1990s the average tariff worldwide, now this is weighted average on all goods that are bought and sold or imported and exported, was about 9% and there were have been various free trade deals done since then. For instance, we had NAFTA, and the tariffs on Mexico and Canada and the United States went to zero. We had a free trade deal in 212 with South Korea. This never comes up, but the tariff on South Korean goods coming the US is zero. The tariff on us, exports going to South Korea is zero because we have a free trade agreement, and it's worked out pretty well with South Korea. Now we're not the only ones doing this. Countries all over the world. The EU is a total free trade zone in economy almost as big as the United States that used to have tariff levels between countries. Now it's one big free trade zone. So if you take the entire world economy, that 9% weighted average tariff of the early 90s, which was down from maybe 2025, 30, pre World War Two in this Smoot Hawley era, was down to 2.25% by the time that Donald Trump took office, the first time around in 2017 now 2.25% is really a rounding error. It's hardly when you have $33 trillion worth of goods moving around, you know, container ships and bulk carriers and so forth all around the world, and air freight and the rest of it, rail. 2% tariff is not any kind of big deal, as I say in some of the things I write, it's not a hill of beans. So somehow, though 45 years ago, Trump got the idea that tariffs were causing a problem and that we had trade deficits, not because our costs were going up owing to bad monetary policy, but because the other guy was cheating. Remember, this is Trump's whole view of the world. It's a zero sum game. I win, you lose, and if I'm not winning, is because you're cheating. Okay? In other words, I'm inherently going to win. America's inherently going to win unless the other guy is cheating. Now, Trump sees the world the same way that I think he looked at electrical and plumbing contractors in the Bronx, you know, in the 1980s and 1990s when he was developing his various Real Estate projects. These are pretty rough and tumble guys. It's a wild, easy way to make a living. So there's a lot of, you know, there's a lot of pretty rough baseball that's played that mentality that the other guy is always trying to screw me, the other guy's always cheating, the other guy's preventing me from winning, is, is his basic mentality. And it's not Applicable. It's not useful at all to try to understand the global economy. Try to understand why America's $29 trillion economy is not chugging along as strongly and as productively as it should be, why real wages are not making the gains that workers should be experiencing and so forth. So he ought to get out of this whole trade, tariff trade war thing, which he started, I don't know how he does, it's a little late, and focus on the problems on the home front. In other words, our trade problem has been caused by too much spending, too much borrowing, too much money printing on the banks of the Potomac. It's not basically caused in Beijing or Tokyo or Seoul or even Brussels, the European Union. And we need to get back to the basic and the real culprit, which is the Federal Reserve and its current chairman, Paul, if he wants to attack somebody, go after the Fed. Go after Paul. But ought to give them a mandate to bring inflation to zero and to stop fooling around with everything else and to stop monetizing the public debt that is buying government debt, take care of your own backyard first before you start taking, yeah, sure, yeah, exactly. You know, I've been in this for a long time. I start, as I said, I started on Capitol Hill. There have been a lot of protectionist politicians, but they always argued free trade is good, but it has to be fair trade. And you know, we have this example in our steel industry, for instance, where we producers abroad are competing unfairly for one reason or another. But the point I'm getting to is they always said this is an exceptional case. Normally we would go for free trade, but we got to have protection here. We got to have a temporary quota. Even when I was in the Reagan administration, we had a big argument about voluntary quotas on Japanese car exports, and I was totally against it. I thought the US industry needed to get its act together, get its costs down. Needed to get the UAW under control, because it had pushed wages, you know, way, way, way too high terms of total cost. But they argued, yeah, well, you're right, but we have to have 10 years in order to allow things to be improved and adjusted and catch up. So this is only temporary. This is just this. Yes, this is protectionism, but it's temporary. It's expedient that we can avoid and so therefore we'll make an exception. But there is no one, and most of these people were, you know, in the payroll of the unions, or they were congressmen from south to South Carolina going to bad for the textile industry, or congressman from Ohio going to bat for the steel industry, whatever, but there was no one who ever came along and said tariffs are big, beautiful things, and we need to have permanent high tariffs, because that's the way we're going to get prosperity back in United States. It's a dumb idea. It's wrong. It's disproven by history and people. Even though Trump has done a lot of things that I like you know, he's got rid of dei he's got rid of all of this green energy, climate crisis nonsense, all of that that he's done is to the good when you come to this basic question, how do we get prosperity in America? The answer is, through free market capitalism, by getting the government out of the way, by balancing the budget and by telling the Fed not to, you know, inflate the economy to the disadvantage that it has today. That's how you get there. And Trump is not a real Republican. Trump is basically what I call a status. He's for big government, right wing status. Okay, there's left wing, Marxist status, then there's right wing status. But you know, all of this tariff business is going to create so much corruption that it's almost impossible to imagine, because every day there's someone down there, right now, I can guarantee it at the, you know, treasury department or at Commerce department saying, but we got special circumstances here in terms of the parts that we're making for aircraft that get assembled in South Korea or something, and we need special relief. Yes, every industry you're doing is putting in for everybody's going to be there the lobby. This is the greatest dream that the Washington lobbyist community ever had. Trump is literally saying he put this reciprocal tariff. You saw the whole schedule. That he had on that easel in the White House on April 2, immigration day. It was called Liberation Day. I called it Demolition Derby Day. There was a reciprocal tariff for every single country in the world based on a phony formula that said, if we have $100 million deficit with somebody, half of that was caused by cheating. So we're going to put a tariff in place closes half of the difference. I mean, just nonsense, Schoolboy idiocy. Now it is. I mean, I know everybody said, Oh, isn't it great? We've finally got rid of the bad guys, Biden, he's terrible, and the Democrats, I agree with all that, but we replaced one set of numb skulls with another set. Unfortunately, Republicans know better, but they're so intimidated, apparently buffaloed by Trump at the moment, that they're going along with this. But they know you don't put 145%tariff on anything. I mean, it's just nuts. David, I feel like you're telling us what you really think and absolutely love that.    Keith Weinhold  41:04   Interestingly, there is a Ronald Reagan clip about tariffs out there in a speech that he gave from Camp David, and it's something that's really had new life lately. In fact, we played the audio of that clip before you came onto the show today, Reagan said that he didn't like tariffs and that they hurt every American worker and consumer as Reagan's economic advisor in the White House. Did you advise him on that?    David Stockman  41:27   Yes, I did. And also I can give you a little anecdote that I think people will find interesting. Yeah, the one time that he deviated in a big way from his free trade commitments was when he put the voluntary export quota on the Japanese auto industry. That was big. I don't remember the exact number, but I think it said they couldn't export more than 1.2 million cars a year, or something like that the United States. And the number was supposed to adjust over time, but we had huge debates in the Cabinet Room about those things, and at the end of the day, here's what he said. He said, You know, I've always been for open trade, free trade. I've always felt it has to be fair trade. But, you know, in this case, the Japanese industry came to us and asked for voluntary quotas, so I didn't put up a trade barrier. I'm only accommodating their request. Well, the Japanese did come to him and ask. They did, but only when they were put up to it by the protectionists in the Reagan administration who, on this took them on the side, you know, their negotiators and maybe their foreign minister. I can't remember exactly who commerce secretary and said, If you don't ask for voluntary quotas, we're going to unleash Capitol Hill and you're going to get a real nasty wall put up against your car. So what will it be? Do you want to front for voluntary quotas? Are we going to unleash Congress? So they came to Reagan and said they were the Japanese industry said they're recommending that he impose voluntary restraints on auto exports. That was just a ruse. He wasn't naive, but he believed what you told him. He believed that everybody was honest like he was, and so he didn't understand that the Japanese industry that was brought to meet with him in the Oval Office had been put up to, it been threatened with, you know, something far worse, mandatory quote is imposed by Congress. But anyway, it's a little anecdote. What happened? On the other hand, he continued to articulate the case for small government sound money. We had deficit problems, but he always wanted a balanced budget. It was just hard to get there politically. And he believed that capitalism produces prosperity if you let capitalism work and keep the government out of the marketplace. And there is no bigger form of intervention and meddling and disruption in the capitalist system, in the free market, in the marketplace, than quotas on every product in every country at different levels. They're going to have 150 different countries negotiating bilaterally deals with the United States. That's the first thing that's ridiculous. They can't happen. The second thing is they're going to come up with deals that don't amount to a hill of beans, but they'll say, we have a deal. The White House will claim victory. Let me just give one example. As we know, one of the big things that Trump did in the first administration was he renegotiated NAFTA. And NAFTA was the free trade agreement between Mexico, Canada, United States. Before he started in 2017 the trade deficit of the US with Mexico and Canada combined with 65 billion. And he said, That's too big, and we got to fix NAFTA. We have got to rebalance the provisions so that the US comes out, not on the short end of the stick 65 billion. So they negotiated for about a year and a half, they announced a new deal, which he then renamed the United States, Mexico, Canada agreement, usmca, and, you know, made a big noise about it, but it was the same deal with the new name. They didn't change more than 2% of the underlying machinery and structure, semantics. Well now, so now we fast forward to 2024 so the usmca Trump's pride and joy, his the kind of deal that he says he's going to seek with every country in the world is now four years into effect. And what is the trade deficit with Canada and Mexico today, it's 230 5 billion okay? It's four times higher now than it was then when he put it in place. Why? Because we have a huge trade deficit with Mexico. Why because, you know, average wages there are less than $10 an hour, and they're $40 an hour here. That's why it has nothing to do with a bad trade deal. It has to do with cost differences.    Keith Weinhold  46:27   David, this has been great, and as we're winding down here, we have a lot of real estate investor listeners tell us what this administration's overall policies, not just tariffs, but overall policies, mean for future employment, and then tell us about your highly regarded contra corner newsletter.    David Stockman  46:45   Well, those are that's a big question. I think it doesn't mean good, because if they were really trying to get America back on track our economy, they would be fighting inflation tooth and nail to get it down to zero. They would be working day and night to implement what Musk came up with in the doge that is big spending cuts and balancing the budget. They're not doing that. They're letting all these announcements being made, but they're not actually cutting any spending. They would not be attempting to impose this huge apparatus of tariffs on the US economy, but they're not doing that. So I'm not confident we were going in the wrong direction under Biden, for sure, and we're going in an even worse direction right now under Trump. So that's the first thing. The second thing is, I put out a daily newsletter called David stockman's Country corner. You can yes signers on the internet, but this is what we write about every day, and I say A plague on both their houses, the Democrats, the Republicans. They're all, in many ways, just trying to justify government meddling, government spending, government borrowing, government money printing, when we would do a lot better if we went in the opposite direction, sound money, balanced budgets, free markets and so forth, so. And in the process, I'm not partisan. You know, I was a Republican congressman. I was a budget director of the Reagan administration. I have been more on the Republican side, obviously, over my career than the Democrats, but now I realize that both parties are part of the problem, and I call it the uni party when push comes to shove, the uni party has basically been for a lot of wars abroad and a lot of debt at home, and a lot of meddling in the economy That was unnecessary. So if you look at what I write every day, it tries to help people see through the pretenses and the errors of the unit party, Democrats and Republicans. And in the present time, I have to focus on Trump, because Trump is making all the noise.    Keith Weinhold  48:59   100% Yes, it sure has kept life and the news cycle exciting, whether someone likes that news or not. Well, David, this has been great. In fact, it sounds a lot like what Reagan might have told me, perhaps because you were a chief economic informant for him, smaller government, letting the free trade flow and lower inflation. Be sure to check out David stockman's contra corner newsletter if you like what we've been talking about today, just like it was last year, David, it's been a real pleasure having you on GRE today.    David Stockman  49:30   Well, thank you very much. And these are important issues, and we've got to stay on top of them.   Keith Weinhold  49:41   Oh, yeah. Well, David Stockman truly no mincing words. He doesn't like tariffs. In summary, telling GRE listeners that the problem with trade imbalances is inflation attack that instead quell inflation, don't impose tariffs. A lot of developing nations and China have distinct advantages over manufacturing in the United States, besides having the trained labor and all the factories and systems in place, think about how many of these nations have built in lower costs they don't have to deal with these regulatory agencies, no EPA, no OSHA, and not even a minimum wage law to have to comply with. And here in the US get this, 80% of American workers agree that the US would benefit from more manufacturing jobs, but almost 75% disagree that they would personally be better off working in a factory themselves. That's according to a joint Cato Institute in YouGov survey. It's sort of like how last century, Americans lamented the demise of the family farm, yeah, but yet, they sure didn't want to work on a farm themselves. Now there are some types of manufacturing, like perhaps pharmaceuticals or computer chips that could likely be onshore, because those items are high value items. Their value can exceed the cost of being produced in the USA, but a lot of these factory goods, not again. If these topics interest you do a search for David stockman's contra corner, or you can directly visit David stockman's contra corner.com. Big thanks to the father of Reaganomics, David Stockman on the show this week. As for next week, we're back more toward the center of real estate investing. Until then, I'm your host. Keith Weinhold, don't quit your Daydream. Y   Unknown Speaker  51:42   nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC   Keith Weinhold  52:02   You know, whenever you want the best written real estate and finance info, oh, geez, today's experience limits your free articles access and it's got paywalls and pop ups and push notifications and cookies disclaimers, it's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters. And I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long. My letter usually takes less than three minutes to read, and when you start the letter, you also get my one hour fast real estate video. Course, it's all completely free. It's called The Don't quit your Daydream. Letter, it wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text GRE to 66866, while it's on your mind, take a moment to do it right now. Text GRE to 66866   The preceding program was brought to you by your home for wealth, building, getricheducation.com.  

Vendredi 25 avril, la performance des indices boursiers, et les inquiétudes économiques américaine, ont été abordé par Anne-Sophie Alsif, cheffe économiste chez BDO France et professeur d'économie à la Sorbonne, Éric Lewin, président d'El Finance, Virginie Robert, présidente et directrice de la gestion de Constance Associés, et Emmanuel Lechypre, éditorialiste BFM Business, reçus par Marc Fiorentino dans l'émission C'est Votre Argent sur BFM Business. Retrouvez l'émission le vendredi et réécoutez la en podcast.

Andrew Brenner says China deals are coming, “no question about it.” He doesn't think the “Buy America” trade is “out the window” yet. He notes liquidity issues in the dealer community, which “the Treasury Secretary and the Fed have to address.”======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Historian and author Greg Grandin joins us to discuss his new book America, América: A New History of the New World, which looks at the five century history of colonization & conquest of the New World, and how North & South America developed their distinct identities through a long history of mutual interaction and opposition.  We also catch up with Greg for his takes on the death of Pope Francis, the state of American empire at the start of the second Trump term, the U.S.'s lack of a forward-looking political horizon, and what possibilities we might see in the future of Latin America.  Buy America, América: A New History of the New World online here, or wherever you get books: https://www.penguinrandomhouse.com/books/747326/america-america-by-greg-grandin/

Join Alex Tapscott and Andrew Young as they decode the world of Web3.  Listen in as they discuss the current macroeconomic environment and its implications for the crypto market, four of the most positive fundamental trends in crypto, how stablecoins are creating new source of demand for U.S. government debt, the onchain gold and FX markets setting record highs in activity last week, the underlying economics for stablecoin issuers and their experience back in the zero-interest rate (ZRIP) era, the launch of the world's first Solana ETFs in Canada, an update on the SX Network following its best month in history, and more.

Buy America isn't just a slogan — it's a lifeline for U.S. manufacturers and local communities. No one knows this more than Hollie Noveletsky, CEO of Novel Iron Works in New Hampshire. Hollie shares why strong Buy America policies are essential to leveling the playing field and how they reinvest public infrastructure dollars into local jobs and communities. Photo courtesy of Hollie Noveletsky

Elon Musk is taking over and shutting down chunks of government with help from his merry band of young mega nerds. What's going on? And why is nobody stopping him? And Trump is talking about yet more expansion for the United States, now turning his focus to Gaza. Why's he pushing for a new frontier?   Back us on Patreon – we need your help to keep going. Get ad free episodes, extra bits and merch: patreon.com/americanfriction  This week Chris and Jarv are joined once again by Casey Burgat, author of We Hold These "Truths": How to Spot the Myths that are Holding America Back – who is their very close second favourite American, Nikki's still first.  Plus new guest Greg Grandin, Yale professor and author of the upcoming book America, America: A New History of the New World, joins to talk through the history of American imperialism and expansion.  Buy We Hold These "Truths": How to Spot the Myths that are Holding America Back through our affiliate bookshop and you'll help fund American Friction by earning us a small commission for every sale. Bookshop.org's fees help support independent bookshops too. Buy America, America: A New History of the New World through our affiliate bookshop and you'll help fund American Friction by earning us a small commission for every sale. Bookshop.org's fees help support independent bookshops too. Follow us on Bluesky – https://bsky.app/profile/americanfric.bsky.social  We're now on Youtube: https://www.youtube.com/@AmericanFrictionPod  Follow us on social media:  Twitter Instagram  TikTok Written and presented by Chris Jones and Jacob Jarvis. Audio editor: Simon Williams. Group Editor: Andrew Harrison. Executive producer: Martin Bojtos. Artwork by James Parrett. Music: Orange Factory Music. AMERICAN FRICTION is a Podmasters Production. www.podmasters.co.uk  Learn more about your ad choices. Visit podcastchoices.com/adchoices

This week we're joined by Dani Simons, currently of Alstom but formerly Assistant to the Secretary and Director of Public Affairs at USDOT, to take a look back at how Biden Administration policies evolved from ideas to bills such as the IIJA and Inflation reduction act. We also discuss Buy America, the impacts of outside criticisms from different sides of the political spectrum, and the importance of storytelling. +++ Follow us on Threads, Bluesky, Instagram, YouTube, Flickr ... @theoverheadwire Follow us on Mastadon theoverheadwire@sfba.social Support the show on Patreon http://patreon.com/theoverheadwire Buy books on our Bookshop.org Affiliate site!  And get our Cars are Cholesterol shirt at Tee-Public! And everything else at http://theoverheadwire.com

In this episode, Brad Hine interviews Lori Adams from Nokia at Mountain Connect 2024 in Denver, Colorado. Lori provides key updates on Build America, Buy America (BABA) compliance and its implications for manufacturers, state governments, and applicants of the BEAD program. She explains the recent NTIA guidelines on self-certification, reporting requirements, and compliance enforcement, sharing Nokia's approach to meeting these standards. Lori also discusses how BABA impacts project costs, labor availability, and timelines, providing valuable insights for those navigating the complexities of federal broadband programs. Click now to listen. Also, subscribe to the Broadband Bunch on your favorite podcast platform so you never miss an episode. To learn more: https://pages.nokia.com/T009BA-build-america-buy-america-what-you-need-to-know-today.html

The trend is reversing. China is no longer considered the better option across the board. Reshoring to the US and especially nearshoring to Mexico are becoming more and more popular. The post Build America, Buy America Act: Strengthening U.S. Manufacturing [Podcast] appeared first on Prince Manufacturing.

President Joe Biden has made clean energy and infrastructure programs a major focus of his reelection campaign, but those ambitions are hitting a major headwind: his Buy America agenda. POLITICO's James Bikales breaks down how these priorities are clashing and the potential consequences for the president's reelection bid. Plus, EPA's Inspector General has found that the agency still isn't ready to swiftly alert the public about surges in lead contamination in drinking water.   For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro:  https://subscriber.politicopro.com/newsletter-archive/morning-energy   James Bikales is the host of Morning Energy and a reporter for POLITICO.  Josh Siegel is an energy reporter for POLITICO.  Nirmal Mulaikal is a POLITICO audio host-producer.  Annie Rees is a senior audio producer-host at POLITICO.  Gloria Gonzalez is the deputy energy editor for POLITICO.  Matt Daily is the energy editor for POLITICO.

In this episode, Brad chats with Lori Adams, Vice President of Broadband Policy & Funding Strategy at Nokia. With over two decades of experience in telecommunications law, Adams spearheads Nokia's Buy America compliance for the BEAD program. She brings expertise in business development, regulatory matters, and grant funding to her role. Click now to listen. Also, subscribe to the Broadband Bunch on your favorite podcast platform so you never miss an episode. Lori's Article: https://www.telecompetitor.com/understanding-the-complexities-of-buy-american-vs-build-america-buy-america/ Nokia BEAD Resource Center: https://www.nokia.com/networks/rural-broadband/us-government-broadband-funding-opportunities/bead-applicant-resource-center/

The Federal Highway Administration is proposing to discontinue its more than 40-year old general waiver of Buy America requirements for manufactured products and, in doing so, require FHWA recipients to start applying Buy America requirements to such products.

Sean and Joey talk about Vom Wafer and Jose Calderson, and then more importantly we hear an EXCLUSIVE TRACK from the album of the summer, America's Uncle Dad by Sean Keane! coming this Friday 3/15. Pre-order it here: https://music.apple.com/us/album/americas-uncle-dad/1727652251SUPPORT: www.patreon.com/roundrockpodTWITTER: @RoundRockPodE-MAIL: RoundRockPod@gmail.comPHONE: 323-682-0342ALBUM: www.roundballrock.bandcamp.com Hosted on Acast. See acast.com/privacy for more information.

In this episode of the Pumps & Systems Podcast, we're speaking to Adam Stolberg, executive director of the Submersible Wastewater Pump Association (SWPA) and David Williams, Director of Engineering at Liberty Pumps and president of SWPA. They're going to discuss the outlook for the pumps industry in 2024, including trends, the impact of Build America, Buy America, supply chain issues, and more. They'll also be telling us a little about the SWPA training being held in Chicago this April. Tune in the first Wednesday of every month for new episodes of the podcast! Pumps & Systems YouTube Channel: https://www.youtube.com/@PumpsandSystemsMag To learn more about SWPA or register for the 2024 SWPA Pumping Systems and Controls Training Seminar taking place April 16-17 in Chicago, visit https://www.swpa.org/. Pumps and Systems Podcast homepage: https://www.pumpsandsystems.com/pumps... Pumps and Systems Magazine: http://www.pumpsandsystems.com Opening music: Know Myself - Patrick Patrikios Closing music: Freeling - Lauren Duski #pumps #integritytesting #heatexchangers #podcast

FFB Episode 164 - NTIA Build America, Buy America (BABA) Final Waiver – What You Really Need To Know by Fiber for Breakfast with Gary Bolton

Today's 20-min top headline news brief includes: [3:10] -Newsmax host and Texas resident Chris Salcedo dissects the Texas/White House border conflict. [Chris Salcedo Show] [11:32] -From Rob Schmitt Tonight: “It's terrifying that these people are in charge.” [Rob Schmitt Tonight] [16:44] -Donald Trump testifies in defamation case. Former Judge Andrew Napolitano discusses “Extraordinary abuse of judicial power vs. Trump.” [Wake Up America] [20:16] -Former Trump advisor Peter Navarro sentenced to four months in prison. [Chris Salcedo Show] [21:57] -Why would President Biden veto a BIPARTISAN resolution aimed at protecting his BUY AMERICA requirements for EV chargers? Listen to Newsmax LIVE and see our entire podcast lineup at http://Newsmax.com/Listen Make the switch to NEWSMAX today! Get your 15 day free trial of NEWSMAX+ at http://NewsmaxPlus.com Looking for NEWSMAX caps, tees, mugs & more? Check out the Newsmax merchandise shop at : http://nws.mx/shop Follow NEWSMAX on Social Media:  • Facebook: http://nws.mx/FB  • Twitter: http://nws.mx/twitter • Instagram: http://nws.mx/IG • YouTube: https://youtube.com/NewsmaxTV • Threads: http://threads.net/@NEWSMAX  • Telegram: http://t.me/newsmax  • TRUTH Social: https://truthsocial.com/@NEWSMAX  • GETTR: https://gettr.com/user/newsmax Learn more about your ad choices. Visit megaphone.fm/adchoices

Israel has agreed to a daily four-hour humanitarian cease-fire starting today. U.S. National Security Council spokesman John Kirby said Israel has pledged to announce the window at least three hours in advance each day. Senate Democrats are considering subpoenas for a pair of influential conservatives with ties to Supreme Court Justices. The Senate voted 50-48 to retain “Buy America” requirements for government-funded electric vehicle charging stations. The 50-48 vote overturns President Joe Biden's decision to waive some requirements. ⭕️Watch in-depth videos based on Truth & Tradition at Epoch TV

When Team AAM spoke with members of the United Steelworkers union this past summer during the Rapid Response conference in Washington, D.C., these hardworking men and women shared how integrally their communities are tied to manufacturing and why a policy that reinvests tax money back into communities is vital to their livelihoods AAM photo

Vice President Harris encourages NAACP members to keep up the fight, U.S. military promotions remain at a standstill over one Republican senator's abortion protest, and Senate Democrats promote “Buy America” policies.

Scott Lincicome is the director of general economics and trade at the Cato Institute. He recently coauthored and edited Empowering the New American Worker: Market Based Solutions for Today's Workforce, which we talk about today. In light of “Buy America” and continuous calls for bettering the position of the American worker, what really is the state of the American worker today? Who is the American worker? Lincicome answers these questions and more as we explore policy areas that hinder workers when they were intended to help. Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.

Scott Lincicome is the vice president of general economics and trade at the Cato Institute. He recently coauthored and edited Empowering the New American Worker: Market Based Solutions for Today's Workforce, which we talk about today. In light of “Buy America” and continuous calls for bettering the position of the American worker, what really is the state of the American worker today? Who is the American worker? Lincicome answers these questions and more as we explore policy areas that hinder workers when they were intended to help. Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.

Recorded live at Capitol Counsel's office in downtown D.C, episode 74 features a conversation with Clint Robinson, partner at Capitol Counsel. This wide-ranging discussion will be a treat for political junkies and those interested in how legislation is made in Washington. We discuss the challenges of a divided Congress, the emerging comprehensive energy bill, the debt limit, the potential impacts of the “Buy America” sentiment, and Clint's time on the Hill and with RIM/Blackberry. We also talk about the Presidential primary season and Clint suggests an addition to the Flux Capacitor Book Club that is right on point.

Leslie is joined by Scott Paul, President of the Alliance for American Manufacturing (AAM), a partnership established by some of America's leading manufacturers and the United Steelworkers union. The two discuss: 1. "The Biden Administration Issues Standards for American-made EV Chargers" (by AAM's Matthew McMullan) 2. The Biden Administration's Approach on EV Chargers is Helping to Turbocharge Growth in this Manufacturing Sector (from Scott Paul Twitter thread) 3. The Columbus Dispatch: "For good of Ohio, Biden, government must give teeth to Buy America" (Opinion piece by Scott Paul) 4. NBC News: "'A serious committee': Lawmakers have high bipartisan hopes for China panel as tensions rise" For over 16 years, Mr. Paul and AAM have worked to make American manufacturing a top-of-mind issue for voters and our national leaders through effective advocacy, innovative research, and a savvy public relations strategy. WEBSITEs: 1. AmericanManufacturing.org 2. Please join us in telling your state transportation officials to make sure that our new infrastructure is Made in the USA! Take action by visiting TinyURL.com/EnforceBuyAmerica TWITTER: 1. AAM - @KeepItMadeInUSA 2. Scott Paul - @ScottPaulAAM

Show is Sponsored by Ayn Rand University https://university.aynrand.org/ as well as by https://www.expressvpn.com/yaron & https://www.fountainheadcasts.comJoin this channel to get access to perks:https://www.youtube.com/@YaronBrook/joinLike what you hear? Like, share, and subscribe to stay updated on new videos and help promote the Yaron Brook Show: https://bit.ly/3ztPxTxSupport the Show and become a sponsor: https://www.patreon.com/YaronBrookShowOr make a one-time donation: https://bit.ly/2RZOyJJContinue the discussion by following Yaron on Twitter (https://bit.ly/3iMGl6z) and Facebook (https://bit.ly/3vvWDDC )Want to learn more about Ayn Rand and Objectivism? Visit the Ayn Rand Institute: https://bit.ly/35qoEC3​#islamism #trump #americafirst #publiceducation #Economy ​#Objectivism​ #AynRand #politics

How will Biden's “Buy America Act” impact Canadian trade? Guest: Peter Clark is President of Grey, Clark, Shih and Associates, Limited Learn more about your ad choices. Visit megaphone.fm/adchoices

The Bill Kelly Show Podcast: Canada has been talking about how to streamline access to care using queuing theory for more than 20 years. Centralized wait-lists have been proven to work. So why isn't Canada using them in health care across the country? GUEST: Armine Yalnizyan, Economist and Atkinson Fellow on the Future of Workers - Canadian manufacturers are concerned about a promise made by U.S. president Joe Biden in his state of the union speech Tuesday evening, pledging to use only American materials in infrastructure projects. GUEST: Jack Jedwab, President of the Association for Canadian Studies - At the last NATO summit in Madrid, leaders of the Western military alliance ordered the conversion of battle groups in Latvia, Lithuania and Estonia to full combat brigades with anywhere from 4,000 to 6,000 troops each, depending on the availability of equipment. Getting there is proving to be a struggle, according to two recent reports — one from the U.K. House of Commons, the other from a Warsaw-based international affairs think-tank. Since that June NATO summit, journalists have been asking Canadian politicians and military officials when the Canadian-led brigade in Latvia will be created and what it will look like. Their responses have been vague. GUEST: Thomas Hughes, Post-Doctoral Fellow at the Canadian Defence and Security Network

In this episode, Mariana Campero speaks with Kellie Meiman, Managing Partner at McLarty Associates and former USTR for South America, and Juan Carlos Baker, Mexico's USMCA negotiator and former Under Secretary of the Economy. They discuss the importance for the three North American countries to abide by USMCA rules and commitments to create the needed certainty to unfreeze nearshoring investments and succeed in creating a more competitive region. They also speak about the competitive advantages Mexico brings (or could bring) to the table, “Buy America” and the U.S.'s recent industrial policies, and how energy is the missing link that could unlock the region's full potential.

In 60-seconds, find out why it makes more sense to buy TraffiCalm products - The Build America Buy America Act is serious business and TraffiCalm is certified!

Rebuilding from Hurricane Ian will require a lot of construction materials, from sheetrock to electrical systems to plumbing fixtures. Much of it will come from China. Returning manufacturing to our nation is the most important step we can take to balance China's growing influence and power, both economic, military and political. Also will Putin provoke WW3 or just catastrophic damage to Ukraine? See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode, we talk with Joshua Frank about the Buy America Act and the significant changes that have taken place over the last couple of years. We also discuss the Berry Amendment, the Trade Agreement Act (TAA), and the non-manufacturer rule (NMR). This is a basic overview of each of these as well as some nuanced discussion about how they apply to government contractors. ----- Federal Access is helping Government Contractors win more contracts. It can help you too. Here's a special offer. Visit https://federal-access.com/gamechangers today and get started for just $29. *You are going to get access to a digital copy of the Government Sales Manual. * Over 100 strategy videos * More than 30 webinars * 300 documents and templates AND * SME support. So when you run into an issue, you can email me directly for help. Go check out this special offer today at https://federal-access.com/gamechangers

The Federal Highway Administration proposed a waiver of the Build America/Buy America requirements for EV chargers with comments due September 30, 2022. The proposed waiver would include scheduled increases to the US content requirements throughout 2023.

ConstructorCast - Build America, Buy America: What You Need to Know by AGC of America

Link to Best of Us Investors Toolbox:  https://lp.constantcontactpages.com/s...MooMoo: Sign-Up Between Now and July 31, 2022, and get up to 10 Free Stocks  https://j.moomoo.com/00j811Review of MooMoo Watch This Video: https://www.youtube.com/watch?v=KagtX...

Bluefield's Reese Tisdale, Eric Bindler, and Greg Goodwin discuss the Build America, Buy America Act and its implications for the water sector in the U.S. While designed to create an opportunity to increase domestic manufacturing, support the creation of jobs, and strengthen U.S. supply chains, it arrives at a time in which inflation and supply chain… Continue reading Build America, Buy America: What Does It Mean for the Water Sector?

Last November, President Biden signed a law that injected $108 billion into public infrastructure projects including clean energy targets. Birgit Matthiesen speaks with AFS Government Contracts Partner, Travis Mullaney, about how this law impacts the Buy America and Buy American Act. Sound clip via The White House: https://www.whitehouse.gov/state-of-the-union-2022/

New Hampshire is poised to join dozens of other states and the federal government in passing legislation that would reinvest taxpayer dollars into local workers and communities. State Sen. Tom Sherman shares how the bill has bridged the partisan divide in its aim of cultivating a more robust and independent domestic manufacturing base for the state's most vital infrastructure. Getty Images

The differences between Buy American Act (BAA), ‘Buy America' Rules, Trade Agreements Act (TAA) and Made in USA. Listen on today's Two Minutes In Trade for more

This week, the Trade Guys discuss Russia sanctions, trade policy in the China competition bills coming up in Congress, and the new Buy America guidelines.

Buy America Regulations for government procurement are being modified to require 75% US content by 2029. Listen for more details on today's Two Minutes In Trade.

Joining the podcast is David Gallagher. David is a partner with the firm's D.C office. He specializes in all aspects of public contracting, including advising domestic and foreign companies on issues relating to compliance with U.S government procurement regulations such as subcontract and supply chain management, country of origin requirements under the Buy America Act, and other infrastructure projects and requirements unique to small businesses selling to the federal government. He also regularly teaches training courses and conducts internal compliance reviews to help companies know and understand the regulatory requirements, including whether their manufacturing process has satisfied the various Buy America regimes.    What We Discussed in This Episode:   What do we mean when we talk about the Infrastructure Bill? What are Buy America provisions, and what is their purpose in the Infrastructure Bill? What are things that foreign companies need to keep in mind regarding these provisions when wanting to invest or develop a project in the U.S? If a company is looking for a traditional transaction or project development what are some factors they should consider in relation to the Buy America provisions? Has the Biden administration discussed the long term effect this may have on the supply chain issues? What is the long term trend we'll see with the Biden administration? Do you see this as a springboard for other initiatives?   Contact Information:   David Gallacher  https://www.sheppardmullin.com/dgallacher Hosted by: Sarah Ben-Moussa Sheppard Mullin French Desk  Co-Chair - Valérie Demont  Co-Chair: Christine Hoefliger Hourcade

President Biden's first trade action was to tighten rules on what imports the US government can buy.

President Biden's first trade action was to tighten rules on what imports the US government can buy.

New plan to save American Manufacturing begins. The S&P 500 is Green & the XLK is Green, and listen to hear the question, "Are You Green?" for my personal trading accounts. We will also look at vaccines and what drug company dropped out of the race, and go over the top gainers, like AMC, and losers. My personal Swing trades included Selling JKS and CRSR. Adding to EcoLab (ECL) and Coca-Cola (KO). And four new swings with General Motors (GM), UBER, Square (SQ), and HIMS Please follow me on Instagram, https://www.instagram.com/areyougreenpodcast - and feel free to Direct Message me with any questions! Thanks for tuning into the Are You Green? Podcast, Follow and Subscribe for New Episodes M-F, and Watch chart reviews and past episodes on my YouTube Channel HERE. ***DISCLAIMER: I am not a licensed broker or financial advisor. Only you are responsible for your own trades --- Send in a voice message: https://anchor.fm/areyougreen/message Support this podcast: https://anchor.fm/areyougreen/support

During the 2008 crisis, he was all over the airwaves touting a "Buy America" mantra.  Today, however, he's silent. This is what I found out. The post What's Eating Warren Buffett? appeared first on Steve Pomeranz.

Episode SummaryChuck Blanchard gives us a primer on the relationship between the military and politics by recounting his experience as General Counsel of the Air Force and Army and almost becoming a Congressman. He speaks candidly about being a clerk of the Supreme Court under Justice Sandra Day O'Connor and how the Court functions from an insider's view. If you've ever wondered how the government really works then don't miss Chuck Blanchard on The Sydcast. Syd Finkelstein Syd Finkelstein is the Steven Roth Professor of Management at the Tuck School of Business at Dartmouth College. He holds a Masters degree from the London School of Economics and a Ph.D. from Columbia University. Professor Finkelstein has published 25 books and 90 articles, including the bestsellers Why Smart Executives Fail and Superbosses: How Exceptional Leaders Master the Flow of Talent, which LinkedIn Chairman Reid Hoffman calls the “leadership guide for the Networked Age.” He is also a Fellow of the Academy of Management, a consultant and speaker to leading companies around the world, and a top 25 on the global Thinkers 50 list of top management gurus. Professor Finkelstein's research and consulting work often relies on in-depth and personal interviews with hundreds of people, an experience that led him to create and host his own podcast, The Sydcast, to uncover and share the stories of all sorts of fascinating people in business, sports, entertainment, politics, academia, and everyday life. Charles BlanchardCharles Blanchard, who previously served as the General Counsel of the Air Force and the Army, works with clients in the contracting and national security communities, drawing upon his experience in government and private practice, providing unique insights into doing business with the federal government. He represents major US and foreign defense and aerospace companies on a wide range of national security and government contracts issues, including bid protests, transactions, internal investigations, cybersecurity and sensitive national security issues. This has included representing several companies in bid protest matters, advising companies on the unique issues raised in acquiring companies that do highly classified work for the government, bid protests, data rights disputes, Trade Agreements Act and Buy America advice, suspension and debarment defense, CFIUS and global foreign investment review advice, and advice on compliance with US government cybersecurity and supply chain requirements.Prior to joining the firm, Mr. Blanchard served as General Counsel and Chief Ethics Officer for the US Air Force (2009-2013). In this role, he provided oversight and guidance for legal advice provided by more than 2,600 Air Force military and civilian lawyers worldwide. In addition, he served as General Counsel at the US Department of the Army (1999-2001). Mr. Blanchard's other government experience includes serving as Chief Counsel to the White House Office of National Drug Control Policy (1997-1999), and as a two-term member of the Arizona State Senate. In 2003, he served as Interim Homeland Security Director for former Arizona Governor Janet Napolitano. Mr. Blanchard was also formerly a partner in private practice where he focused on complex commercial litigation, antitrust, state constitutional law, and election law. Upon graduating from Harvard Law School, where he graduated first in his class and served as an Articles Editor for the Harvard Law Review, Mr. Blanchard served as a law clerk for DC Circuit Judge Harry Edwards (1985-1986) as well as US Supreme Court Justice Sandra Day O'Connor (1986-1987). Mr. Blanchard also holds a Master of Public Policy degree from Harvard's John F. Kennedy School of Government.Insights from this episode:Details on the relationship between the military, political parties, and their appointees and how things aren't always what they seem to the public.Strategies employed by political parties to solidify power and how those machinations can be used for good. Benefits of being a law clerk for Sandra Day O'Connor, the mentorship she provided, and her views on the role of the Supreme Court. Secrets behind how the Supreme Court decides which cases to hear, how decisions are made, the role of the Chief Justice, and how personalities affect working relationships.Details on the impact to the military justice system caused by the Executive Order voiding military convictions and the potential long term fallout to military justice. Quotes from the show: “One of the great wonders of the United States military is that they truly are non-partisan and they truly do respect political appointees.” – Chuck BlanchardOn Justice O'Connor hiring law clerks non-ideologically: “It made her a better justice having people on the right and the left of her to keep her grounded in the arguments she would face.” – Chuck BlanchardOn Justice O'Connor's approach to rendering decisions: “She had a very pragmatic approach to the law, realizing that people rely on [those] decisions and it's better off not making grand pronouncements that are beyond what you need to say to resolve that case.” – Chuck BlanchardOn politics in the Supreme Court: “It's less Democrat and Republican and more different judicial philosophies.” – Chuck Blanchard“The entire country has become more polarized in almost any dimension you want to look at.” – Syd FinkelsteinOn how the Supreme Court decides which cases to hear: “In some sense, what's happening in the larger culture can have a big impact on what the [Supreme] Court decides to take or not take.” – Chuck Blanchard“The trick is to try to write an opinion that will meet the needs of all of the majority.” – Chuck Blanchard“There are norms in international law that this country, not only has agreed to, we were advocates for creating them in the first place [to establish] how we fight war.” – Chuck BlanchardOn the effects of President Trump's military intervention: “The disrespect that was shown to the military justice system will hurt the military.” – Chuck BlanchardOn President Trump voiding the convictions of members of the military: “A code has been broken here, one that really should not have been broken.” – Syd Finkelstein Stay Connected: Syd FinkelsteinWebsite: http://thesydcast.comLinkedIn: Sydney FinkelsteinTwitter: @sydfinkelsteinFacebook: The SydcastInstagram: The Sydcast Charles Blanchard Website: Arnold & PorterLinkedIn: Charles BlanchardTwitter: @FmrAirForceGCSubscribe to our podcast + download each episode on Stitcher, iTunes, and Spotify.This episode was produced and managed by Podcast Laundry (www.podcastlaundry.com)