Name: 川普的關稅讓美國人致富了！ (Trump’s Tariffs are making Americans RICH)
Uploaded: 2026-02-20T18:20:00.000Z
Duration: 12 min 17 s

程度副詞

Tariffs were supposed to make Americans really rich.

關稅 supposed to讓美國人變得超級有錢。

According to Donald Trump, they supposed to bring hundreds of billions of dollars taking, think of that, $2 billion a day.

根據Donald Trump的說法，它們 supposed to 帶來數千億美元的收入，想想看，一天20億美元。

That's a lot of money even in the coal business, isn't it?

即使是煤炭業，這也是一大筆錢，對吧？

And America is going to be very rich again very soon.

美國很快就會再次變得非常富有。

You're going to either that money would be used to pay the national debt or would go as paychecks to the average Americans.

你們會發現這些錢要嘛用來償還國債，要嘛就變成美國普通民眾的薪水。

But the Federal Reserve just released a study that the vast majority of tariffs are being paid by the average Americans.

但美國聯邦準備理事會最近發布了一項研究，顯示絕大多數的關稅都是由美國普通民眾支付的。

So Donald Trump instantly attacked the paper and his top advisor, Kevin Hassett, even called the paper as the worst paper in the history of the Federal Reserve.

所以Donald Trump立刻攻擊了這份報告，他的首席顧問Kevin Hassett甚至稱這份報告是美國聯邦準備理事會歷史上最糟糕的報告。

And Kevin Hassett was one of the people that people speculate that, that he is going to be the next chairman of the Fed.

而Kevin Hassett就是大家猜測他會是下一任美國聯邦準備理事會主席的其中一人。

But then Donald Trump decided that he is going to pick Kevin Warsh.

但Donald Trump後來決定他要選Kevin Warsh。

And I think Kevin Warsh is a lot better than Kevin Hazard.

我覺得Kevin Warsh比Kevin Hassett好多了。

But Kevin Hassett went on CNBC and he claimed that this paper is the worst paper because they did not take into account everything.

但Kevin Hassett上CNBC時聲稱，這份報告很糟糕，因為他們沒有考慮到所有因素。

They simply jumped into conclusions without taking the context into consideration.

他們只是在沒有考慮到上下文的情況下就下了結論。

I think the worst paper I've ever seen in the history of the Federal Reserve System, the people associated with this paper should presumably be disciplined because what they've done is they put out a conclusion which has created a lot of news that's highly partisan based on analysis that wouldn't be accepted in a first semester econ class.

我認為這是美國聯邦準備理事會史上我見過最糟糕的報告，這份報告相關人員應該要受到處罰，因為他們發布了一個結論，這個結論是基於一份在經濟學入門課程裡都不會被接受的分析，而這份分析製造了很多帶有高度黨派色彩的新聞。

So according to Kevin Hassett, tariffs, yes, they did increase prices, but

所以根據Kevin Hassett的說法，關稅確實提高了價格，但是

because they forced so many businesses to come back to the United States, wages have increased more than prices.

因為它們迫使許多公司回美國，所以薪資的漲幅比價格還高。

So the average American was the winner for from the tariffs.

是以，平均美國人是關稅的獲益者。

But it's still shocking that most people don't understand who exactly pays the tariff.

但最令人震驚的是，大多數人都不明白到底是誰在支付關稅。

Now, a tariff is a tax that is paid to the government when you bring something from outside the United States.

關稅是一種稅，當你把美國以外的東西帶進美國時，就要繳給政府。

So if you want to sell it in the US you have to bring it to the United States.

所以如果你想在美國賣東西，就必須把它帶到美國。

所以你在邊境就要繳那個關稅。

So whoever brings it is going to pay the tariff.

所以是誰帶進來的，誰就要繳關稅。

most of the imports to the United States, yes, they could be coming from China, but

大部分的進口到美國的商品，沒錯，可能來自中國，但是

that is imported by an American business.

So take an example of American company that sells furniture in the United States, they might just purchase those furniture from China, pay the tariffs at the border, and

舉個例子，一家在美國賣傢俱的美國公司，他們可能會從中國採購傢俱，在邊境繳關稅，然後

So these are primarily American companies that are paying the tariffs.

所以主要是這些美國公司在繳關稅。

And according to this study, 94% of all the tariffs have been paid by the American citizens and just 6% were paid by foreign exporters.

根據這項研究，高達94%的關稅是由美國民眾支付的，只有6%是由外國出口商支付。

And that is actually true because tariffs primarily impact physical goods, they don't impact services.

這其實是真的，因為關稅主要影響實體商品，而不影響服務。

But if you look at the life of the average person, we spend a lot more money on services than physical goods.

但如果看看一般人的生活，我們在服務上花的錢遠比實體商品多。

In fact, the wealthier you are, the bigger portion of your income goes into services and not physical goods.

事實上，你越有錢，收入中用於服務而非實體商品的比例就越高。

And physical goods usually have a much lower margins than services.

而實體商品的利潤通常比服務低很多。

Apple sells iPhones and it also sells services when it manufactures the iPhone.

Apple販售iPhone，同時也販售製造iPhone的相關服務。

There are physical fixed costs that goes into the iPhone.

iPhone的生產有實體的固定成本。

But Apple also sells services such as Apple tv.

So if they sell Apple TV subscription to an extra person, do you think it is going to cost them a lot more money?

所以如果他們賣Apple TV訂閱給多一個人，你覺得會讓他們花費更多錢嗎？

It is probably not gonna cost them any penny or whatsoever.

這大概不會讓他們花費一毛錢。

But for every iPhone they sell, they have to incur a certain amount of cost.

但他們賣出的每一支iPhone，都得要負擔一定的成本。

So physical products where tariffs are really impacting do have very small margins.

所以實體商品，關稅真的會影響到它們，利潤已經非常微薄了。

So if you're bringing furniture from China, you're already selling those furnitures at a very small, tiny margins.

所以如果你從中國進口傢俱，你賣這些傢俱的利潤已經非常非常少了。

The factory is making a very tiny margin.

那個利潤可能是百分之四、五，或是百分之七。

And of course if they sell you for free, then what's the point of having that factory to begin with?

當然，如果他們免費賣給你，那蓋那間工廠一開始的意義是什麼？

And the American importer who are bringing that good to the United States, they're also making like their final profits is probably around 5%.

而將商品帶進美國的美國進口商，他們的最終利潤大概也只有百分之五左右。

And if they pay a 30% tax when they import it, do you think they are going to break even?

如果他們進口時要繳百分之三十的稅，你覺得他們會打平嗎？

And if you are going to have a loss, then why do that business in the first place?

如果會虧損，那一開始做這門生意又有什麼意義呢？

So they are forced to raise their prices, which is why that is causing inflation.

所以他們被迫提高價格，這就是為什麼這會造成通貨膨脹。

But here is the argument that Kevin Hassett is making that wages are growing way faster than inflation.

但 Kevin Hassett 的論點是，薪資的成長速度遠遠快於通貨膨脹。

So overall these tariffs are forcing businesses to come back to the United States.

所以總體來說，這些關稅正迫使企業迴流美國。

So overall the average American is a winner.

所以總體來說，一般的美國人是贏家。

I mean from one sided it's true because inflation last year has been around 2.7% and wages have grown by about 3.4%.

我是說，從單一方面來看確實如此，因為去年的通貨膨脹大約是 2.7%，而薪資成長了約 3.4%。

So if you just take these two numbers, it seems like wages are growing faster than inflation.

所以如果你只看這兩個數字，似乎薪資的成長速度比通貨膨脹快。

But as they say, the devil is in the details.

但正如他們所說，細節決定成敗。

Inflation is calculated through CPI and CPI does not take into account the the increase in prices across everything in the economy.

通貨膨脹是透過消費者物價指數（CPI）計算的，而 CPI 並沒有將經濟中所有東西的價格上漲納入考量。

There are different ways to calculate that.

Let's say the price of chicken increases by 10% and then the CPI data, they might actually get chicken out of that equation and replace it with an Inferior product that could be a substitute to chicken whose prices did not increase.

假設雞肉的價格上漲了 10%，然後在 CPI 的數據裡，他們可能會把雞肉從計算中移除，換成一種價格沒有上漲的替代品。

And suddenly, instead of having a 10% increase in price, you are going to have a 0% increase in price.

然後突然間，原本 10% 的價格漲幅，就變成 0% 的價格漲幅了。

But if you take an increase in price across all sectors in the economy, that is something that we call a GDP deflator.

但如果你考慮到經濟中所有領域的價格上漲，這就是我們稱之為 GDP 平減指數。

And GDP deflator last year has been anything between 3.8% to 4.2%, which is way higher than wages.

而去年的 GDP 平減指數介於 3.8% 到 4.2% 之間，這遠高於薪資漲幅。

But if you take wages that increase in 3.4%, these are increasing wages across all sectors across the entire economy.

但如果考慮到 3.4% 的薪資漲幅，這是整個經濟中所有領域的薪資都在上漲。

So overall prices have increased much higher than wages.

所以總體來說，物價上漲的幅度遠高於薪資。

So the average American has actually seen a lower quality of life.

所以一般美國人的生活品質其實是下降了。

The study also claims that the average American has paid an extra thousand dollars last year because of these tariffs.

這項研究也指出，因為這些關稅，去年一般美國人平均多花了 thousand dollars。

And the wealthier you are, the more you rely on physical goods.

而且你越有錢，就越依賴實體商品。

So the tariffs primarily impacted like the bottom 50% of Americans.

所以關稅主要影響的是大約 50% 的美國人。

The wealthier you are, the less you are relying on physical goods.

你越有錢，就越不依賴實體商品。

And a smaller portion of your income goes into physical goods.

你的收入中有較少部分用於實體商品。

So tariffs did not have a huge impact on your day to day life.

所以關稅對你日常生活影響不大。

They did not have much impact on your budget.

They did not take a bigger chunk of your income.

And those increase in prices do not take into account the increase in asset prices.

而這些價格上漲並未計入資產價格的上漲。

If you take house prices, asset prices, the stock market, then of course the gap is way bigger.

如果你考慮房價、資產價格、股市，那差距當然就更大了。

Last year The S&P 500 alone has grown by about 12% while the average wage has increased by about 3.4%.

去年光是S&P 500就成長了大概12%，而平均薪資大概漲了3.4%。

So you can literally just look at the difference in this Trump economy.

所以你真的可以看看這個川普經濟下的差異。

Trump is really focused on the stock market, on growing the Dow, on growing the, the S&P 500.

川普真的很專注在股市，在推升道瓊指數、推升S&P 500。

You can literally just hear him every single time bragging, have you actually seen how much the S&P 500 has grown?

你真的每次聽他吹噓，你真的有看到S&P 500成長多少嗎？

I mean, the only thing that you, it's really going up big.

我是說，唯一真正大幅上漲的東西。

It's called the stock market and your 401ks.

But the truth is that only top 10% of Americans primarily invest in the stock market.

但事實是，只有10%的美國人主要投資在股市。

Like 90% of the entire stock market is owned by the top 10% of Americans.

大概90%的整個股市是由10%的美國人擁有的。

So yeah, top 10% of Americans are winning in this economy because they have investments.

所以，是的，10%的美國人正在這個經濟體中獲勝，因為他們有投資。

In fact, the bottom 50% of Americans don't own a single stock.

事實上，底層50%的美國人根本沒有持有任何股票。

So when the stock market last year has grown by 12%, the bottom 50% did not profit from that.

所以去年股市上漲12%，底層50%的人並沒有是以獲利。

But they have paid a big chunk of their incomes, have gone into paying the cost of tariffs.

但他們卻支付了收入中的很大一部分，用來支付關稅的成本。

This is just the first year of Trump presidency.

這只是川普總統任期的第一年。

Whether Trump is Going to introduce more tariffs or not?

川普是否會推出更多關稅，這又是另一回事了。

但關稅沒有造成災難性巨大影響的主要原因，是因為有很多例外。

But the main reason why tariffs did not have like catastrophic huge impact is because there has been a lot of exceptions.

所以美國和墨西哥、加拿大有自由貿易協定。

So the United States has a free trade agreement with Mexico and Canada.

是以，84%到86%的所有實體商品都沒有受到關稅影響。

So 84% to 86% of all the goods have not been impacted by tariffs.