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Treasury Secretary Scott Bessent says tariffs aren’t a tax — but try telling that to small business owners crushed under $1.2 trillion in new costs. From shoe importers taking out high-interest loans just to stay afloat to everyday Americans paying more for worse products, this episode of Watchdog on Wall Street exposes how protectionism punishes consumers, stifles innovation, and erodes quality. Chris Markowski breaks down why free trade, not tariffs, fuels excellence — and why letting politicians, not markets, decide what we buy always ends in mediocrity.
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