Former Labor Secretary Robert Reich warned that the tariffs from President Trump’s economic policy agenda could signal the decline of American influence in the world. Reich says if global investors, including Americans, start to pull their money out of Treasury bills and away from U.S. dollars in the wake of Trump’s tariff announcement, it could precipitate the end of America’s dominance on the world stage. Watch the video to find out more about his thoughts on the future of manufacturing in America, immigration, and what companies can do to protect their bottom lines.
Chapters:
0:00 Introduction
0:27 Tariff impact
4:31 Impact on manufacturing
5:44 Trade deficit
6:42 End of globalization?
8:15 Value of U.S. dollar
10:11 Immigration
11:41 Environmental impact?
12:39 Risks to bottom line
Produced by: Lindsey Jacobson
Edited by: Jeff Huang
Camera by: Devan Burris
Additional Footage: Getty Images
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Tariffs Could Signal The End Of American Dominance: Robert Reich
