Why Domestic Policy, Not China Entry, Drove Job Losses

Danny and Derek welcome back historian Nick Mulder, writer at Weltinnenpolitik, to discuss Trump’s new tariff regime. They get into Trump’s focus on taxing goods while leaving finance untouched; how U.S. allies are obediently eating higher economic costs; why this approach resembles a “subscription model” of empire rather than a coherent industrial strategy; early signs of backlash in places like India, Brazil, and Europe; how immigration enforcement and H-1B restrictions now operate as tools of economic coercion; and why sanctions under Trump increasingly fall on partners instead of adversaries.