Trump's Trade Philosophy Has Been Underestimated, Pimco Says

The video discusses the impact of tariffs on consumer goods, highlighting that 20% of the products affected are direct consumer goods, while 40% are intermediate goods. It explores the potential for businesses to pass on increased costs to consumers and the broader economic implications, including the possibility of breaking global supply chains. The discussion also touches on the political motivations behind the tariffs, particularly President Trump's consistent stance on trade and the potential for these measures to counter China's global rise.

In what way does the speaker suggest that the trade situation is not just about economics?

What is President Trump's philosophy on trade as described in the text?