Thanks for this. To me, this makes more sense than some random "tariffs are bad" messaging on social media. Do you have a link to the video you mentioned above? I would like to learn more.
As an aside, for those who have 401(K) and IRA accounts in the US, the stock market plunge might be a great time to convert funds into ROTH accounts (lower taxes now, etc). At least there is a silver lining...
Here is the link. Its just a silly TikTok video discussing the point in an over the top way. The only thing important about it is that Trump reposted it.
https://x.com/americapapabear/status/1907947224090423367?s=1...