Who pays tariffs directly determines prices, trade flows, and business profitability. Tom Wheelwright sits down with global economist and The Money Revolution author Richard Duncan to analyze how recent tariff policies reshape the world economy and what they mean for investors and entrepreneurs.
Richard explains how tariffs influence supply chains, currency movements, and corporate decision-making. He also breaks down the real economic tradeoffs—why some industries benefit, why others struggle, and how costs ultimately move through the economy to businesses and consumers.
You’ll learn:
- How tariffs actually work in global trade
- Which countries, companies, and consumers absorb the costs
- How taxation and trade policy affect inflation and growth
- Why markets react strongly to trade policy changes
- What investors should watch going forward
This topic matters now because trade policy drives investment risk. Entrepreneurs and investors who understand tariffs can anticipate pricing changes, supply disruptions, and market shifts. Those who ignore it often react after profits are already affected.
👉 https://bit.ly/41d3Kmy 👈 CLICK HERE Ready to change your financial future? Join Tom Wheelwright, Robert Kiyosaki’s CPA, and apply to the WealthAbility Accelerator today!
Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/
00:00 – Intro.
06:03 – Is Trump changing the nature of international trade with his tariffs?
10:30 – How China became the second superpower via trade surplus with the U.S.
14:06 – Downsides of trade and budget deficits: Income inequality, global credit bubble, declined standard of living for middle class, and more.
18:50 – Big Beautiful Bill’s impact on the US & in the world economy.
23:20 – Who will pay for these tariffs?
27:40 – Inflation will increase with these tariffs.
31:20 – The President vs. The Fed.
36:44 – The positive side to Trump’s tariffs.
40:45 – Trump’s sovereign fund.
Looking for more on Richard Duncan?
Book: “The Money Revolution”
Website: richardduncaneconomics.com
X/Twitter: twitter.com/papermoneyecon
Youtube: http://www.youtube.com/channel/UCETpGkZWbafIVuNnzqB5ebA
—–
DISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.