Scott Galloway discusses the implications of tariffs, describing them as a form of economic self-sabotage. He argues that imposing tariffs can lead to increased prices for consumers and disrupt the supply chain, ultimately harming businesses and the economy. Galloway emphasizes that such actions reflect a lack of understanding or foresight, labeling them as “stupid” decisions that may yield short-term benefits for some but long-term negative consequences for many. He underlines the importance of considering the broader impacts of trade policies and urges for a more strategic approach to economic challenges.
‘Definition of stupid’: Scott Galloway on tariff damage