MrBeast Finally Addresses Today’s Global Economic Crisis: Insights and Impact
Your 401k may be feeling the pinch amidst global economic shifts, and the recent tariff proposals from former President Donald Trump have sparked intense debate. Amidst all this, YouTuber and chocolatier MrBeast has stepped into the conversation, shedding light on how these tariffs impact American businesses, including his own.
The Impact of Tariffs on Businesses
MrBeast, a prominent figure among American youth, has voiced his concerns regarding Trump’s sweeping import tariffs. He argues that such measures could be counterproductive for companies like his chocolate brand, Feastables. In a recent post on X, he stated:
“Ironically because of all the new tariffs it is now way cheaper to make our chocolate bars we sell globally NOT in America because other countries don’t have a 20%+ tariff on our cog.”
Feastables: A Global Perspective
Currently, Feastables produces its chocolate in both Peru and the U.S.. The company sources cocoa internationally and emphasizes ethical practices, claiming to pay farmers a living wage. However, the tariffs pose a significant challenge.
- Importing ingredients into the U.S. incurs high tariffs.
- Manufacturing chocolate bars in America could lead to financial losses.
- To avoid these tariffs, Feastables may opt to produce more in Peru.
Shortsighted Policies?
MrBeast criticizes the tariff plans as shortsighted, noting that history has shown the importance of international trade. He emphasizes that certain crops, like cocoa, cannot be grown everywhere, leading American companies to rely on global sourcing.
Support for Farmers
In his post, MrBeast highlighted his commitment to ethical sourcing:
“Btw we pay our farmers a living income, use fair trade certified beans, etc. so I was already spending a lot on cocoa. A random price hike was pretty brutal ngl.”
He expressed empathy for small businesses facing similar challenges, indicating that the tariffs could be detrimental to their survival.
Conclusion
In a rapidly changing economic landscape, the implications of tariffs on businesses like Feastables cannot be overlooked. As MrBeast continues to advocate for fair practices and transparency in sourcing, it raises important questions about the future of American manufacturing and the support for local businesses. For more insights on economic policies, check out Econlib or explore our business news section.
