Edward Fishman brings a wealth of knowledge about global economics, sanctions, and the intricate balance of international trade. He joins Tom to dissect the strategic moves of nations and the unintended consequences of economic decisions, focusing on the impact of tariffs, the vulnerability of the U.S. to foreign supply chains, and the geopolitical complexities of U.S.-China relations. Edward warns of the historical precedents that show how economic isolation can lead to conflict, urging a balanced approach. They delve into the strategic vulnerabilities posed by the reliance on foreign manufacturing and discuss potential solutions like incentivizing domestic production through acts like the Chips Act. SHOWNOTES: 00:00 Trump and Tariffs: Strategic Error? 00:38 Vulnerability to China: The Manufacturing Dilemma 02:32 U.S. Incentives for Domestic Production: The Chips Act 03:35 The Danger of Tariffs Against Allies 04:19 Trump’s Use of Tariffs as a Negotiation Tool: Canada and Mexico 05:29 The Impact on American Manufacturing: Ford and GM Dilemma FOLLOW EDWARD: Twitter: https://twitter.com/edwardfishman CHECK OUT OUR SPONSORS: Range Rover: Range Rover: Explore the Range Rover Sport at https://rangerover.com/us/sport Audible: Sign up for a free 30 day trial at https://audible.com/IMPACTTHEORY  Vital Proteins: Get 20% off by going to https://www.vitalproteins.com and entering promo code IMPACT at check out Thrive Market: ​​Go to https:thrivemarket.com/impact for 30% off your first order, plus a FREE $60 gift! Tax Network: Stop looking over your shoulder and put your IRS troubles behind you. Call 1-800-958-1000 or visit https://tnusa.com/impact ButcherBox: Choose either grass-fed ground beef, steak tips or organic chicken thighs to get free in every box for an entire year. Plus, get an extra $20 off your first box when you use code IMPACT at  https://butcherbox.com/impact ITU: Ready to breakthrough your biggest business bottleneck? Apply to work with me 1:1 - https://impacttheory.co/SCALE Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact American Alternative Assets: If you're ready to explore gold as part of your investment strategy, call 1-888-615-8047 or go to https://TomGetsGold.com Mint Mobile: If you like your money, Mint Mobile is for you. Shop plans at https://mintmobile.com/impact.  DISCLAIMER: Upfront payment of $45 for 3-month 5 gigabyte plan required (equivalent to $15/mo.). New customer offer for first 3 months only, then full-price plan options available. Taxes & fees extra. See MINT MOBILE for details. ********************************************************************** Do you need my help? STARTING a business: Join me inside ZERO TO FOUNDER here SCALING a business: Click here to see if you qualify Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here. ********************************************************************** If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. ********************************************************************** Join me live on my Twitch stream. I'm live daily from 6:30 to 8:30 am PT at www.twitch.tv/tombilyeu ********************************************************************** LISTEN TO IMPACT THEORY AD FREE + BONUS EPISODES on APPLE PODCASTS: apple.co/impacttheory ********************************************************************** FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu Learn more about your ad choices. Visit megaphone.fm/adchoices