Renowned economist and author Jim Rickards, well known for his book "Currency Wars," recently delved into the impact of tariffs in a podcast discussion. Contrary to the common notion that tariffs primarily act as a sales tax burdening American consumers, Rickards highlighted their significant positive effects on the United States' economy in relation to other countries.

In the podcast, Rickards expressed that tariffs, which are essentially taxes imposed on imported goods, play a crucial role in shaping trade dynamics. While some critics argue that tariffs may increase prices for American consumers, Rickards emphasized that they can be highly beneficial for the U.S. economy, especially in terms of rebalancing trade relationships with other nations.

According to Rickards, tariffs create leverage for the United

Source: https://news.bitcoin.com/economist-jim-rickards-on-tariffs-the-best-policy-in-the-world/