Ted Thatcher, President of Bright Lake Wealth Management, shares his thoughts.
Transcript:
TED THATCHER: I think to get inflation under control, ultimately, we need clean supply chains. I think the talking point that we are not all beneficiaries from world trade, it just isn’t the case. We all benefit. It’s not a zero-sum game when the United States exchanges goods and services with China. And so the lower, I’ll say, the more free trade we can get, the more price flexibility on the downward side that we will continue to see. And so in order to get inflation down, I think we have to have that free trade permeate. That doesn’t mean that tariffs can’t be used strategically. For things like energy and silicone chips and maybe even weapons manufacturing and some of these concerning more national security focused issues. But for the average American – I don’t know a lot of average Americans that are wanting to go on a supply line and assemble iPhones. I think that we all benefit in a world economy when we exchange in that way.
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