Ted Thatcher, President of Bright Lake Wealth Management, shares his thoughts.
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00:00I think to get inflation under control, ultimately, we need clean supply chains. You know, the I think
00:07the talking point that we are not all beneficiaries from world trade. It just isn't the case. You
00:15know, we all benefit. You know, it's not a zero sum game when the United States exchanges goods
00:22and services with China. And so the lower, I'll say the more free trade we can get, the more price
00:30flexibility on the downward side that we will continue to see. And so in order to get inflation
00:36down, I think we have to have that free trade permeate. That doesn't mean that tariffs can't
00:41be used strategically, you know, for for for things like energy and silicone chips and, you know, maybe
00:48even weapons manufacturing and some of these concerning more national security focused
00:53issues. But for the average American, you know, I don't know a lot of average Americans that
00:59are wanting to go on a supply line and assemble iPhones. I think that we all benefit in a world
01:06economy when we exchange in that way.