Jeffrey Sachs: Who actually pays for Trump's tariffs? It's you. скачать в хорошем качестве

Jeffrey Sachs: Who actually pays for Trump's tariffs? It's you.

1. SCOTUS Defeats the "One-Person Rule" The Supreme Court struck down President Trump's tariffs, ruling that under Article 1, Section 8 of the Constitution, only Congress has the power to impose taxes and duties The Rant: Following the decision, Trump went on a tirade claiming he has the power to "destroy a country" with embargoes but is unfairly stopped from charging a "little fee" Sachs' Take: Sachs dismisses this as profound economic and constitutional ignorance, noting that Trump abused the International Emergency Economic Powers Act (IEEPA) because a standard trade deficit does not constitute a national emergency 2. The Truth About Trade Deficits Sachs completely dismantles Trump's core argument that trade deficits mean foreign countries are "ripping off" the United States. The Store Analogy: Sachs explains that if he buys an item at a store, he runs a "trade deficit" with that store, but it doesn't mean the store cheated him The Real Cause: The US runs a massive trade deficit because the government operates like a credit card on a spending spree, running a budget deficit of 7% of the GDP due to massive tax cuts for the wealthy 3. Tariffs = Taxes on Americans Addressing the economic fallout, Sachs points to a recent New York Federal Reserve study proving that domestic prices rose directly because of the tariffs The Cost: Napolitano highlights that 92% of the tariffs were paid by American consumers as a national sales tax Job Losses: Instead of bringing manufacturing back, the US actually lost 83,000 manufacturing jobs between January 2025 and January 2026 under these policies 4. The Iran War "Nuclear" Lie The conversation shifts to the impending war with Iran. Responding to JD Vance's claim that Iran acquiring a nuclear weapon is the ultimate "red line," Sachs calls this a false propaganda narrative pushed by Netanyahu for 30 years The Reality: Iran explicitly stated it does not want a nuclear weapon and signed the JCPOA in 2015, complying fully with the strictest IAEA inspections The Betrayal: It was the United States, under Trump in 2018, that illegally ripped up the agreement at the behest of his donors 5. The "Regime Change" Confession Sachs reacts to a clip of Senator Ted Cruz casually predicting that the regimes in Iran, Venezuela, and Cuba could fall within the next 6 months The Danger: Sachs warns that this proves the conflict has nothing to do with nuclear weapons; it is a reckless, CIA-led regime change operation that makes the US lawless and endangers the entire world