Trump Tariffs Fueling a Global Trade War: Economic Breakdown with Adam Cochran | Ep. 52

Trump tariffs, the looming global trade war, supply chain disruption, and trade deficits are all at the forefront in this episode of Elevated Thoughts.Our guest, Adam Cochran, lays out how Trump’s new tariff tactics are shaking global markets, impacting everything from U.S. manufacturing to international trade relationships with China, Vietnam, and the EU. This discussion offers a comprehensive look at volatile policy shifts and the evolving dynamics of modern economic strategy.We break down the ripple effects of these tariffs on supply chains, market stability, and global economic competitiveness. If you’re looking to understand the profound impact of U.S. trade policy in today’s interconnected world, hit subscribe and stay tuned for more expert insights on Elevated Thoughts.𝕏 Follow Adam on X and YouTube:https://x.com/adamscochranhttps://www.youtube.com/ ⁨@AdamOnFinance⁩ https://www.youtube.com/ ⁨@AdamSCochran⁩ 🛍️ Support Elevated Thoughts by shopping our affiliate link! https://www.amazon.com/shop/broopersimms🧠 Find more from us → http://www.ElevatedThoughtsPod.comWe are also on YouTube and Apple Podcasts!🎧 YouTube → https://www.youtube.com/@ElevatedThoughtsPod🎙️ Apple Pods → https://podcasts.apple.com/us/podcast/elevated-thoughts/id1736414535💬 What do you think? Comment below!#tariffs #trumpnews #economy 00:00 Introduction to Economic Discourse02:56 Understanding Tariffs and Trade Deficits06:02 The Impact of Tariffs on Global Relations09:11 Historical Context of Tariffs11:53 The Complexity of Supply Chains14:58 Market Reactions and Economic Predictions18:02 The Role of Debt in Economic Stability20:58 The Future of Trade Relations with China27:43 Closing the Competition Gap with China29:44 The Power of Trade Blocks Against US Tariffs31:51 The Impact of US Foreign Policy on Global Relations32:43 Trust in Expertise and the Influence of Social Media36:33 The Dangers of Overreliance on Experts39:05 Soft Power and the Success of USAID Programs42:03 Government Inefficiencies and Budget Auditing43:21 Understanding NFTs and the Pudgy Penguins45:51 The Future of Stable Coins and Cryptocurrency Regulation49:10 The Impossibility of Returning to a Gold Standard