Donald Trump’s tariffs could destabilize the global economy, warns economist Michael Hudson. US protectionist policies could cause financial crises, as many currencies depreciate and countries can't earn the dollars needed to pay their foreign debts. Ben Norton hosts the interview.
VIDEO: https://www.youtube.com/watch?v=FFyWatftnIM
Transcript: https://geopoliticaleconomy.com/2025/02/04/trump-tariffs-global-crisis-economist-michael-hudson/
Here you can read Michael Hudson's article on how Trump’s tariffs threaten the global economy: https://geopoliticaleconomy.com/2025/01/25/michael-hudson-trump-tariffs-global-economy/
Topics
0:00 Trump's tariff threats
3:10 Highlights of Michael Hudson
5:47 How to pay foreign debt
10:55 Austerity
14:48 Protectionism
17:19 US threats
21:11 Mexico
22:47 Defaulting on debt
25:46 Economic colonialism
28:18 Colombia
29:50 Greenland
30:23 Economic war
31:02 China's win-win approach
32:24 Trump's contradictions
35:20 US dollar & re-industrialization
37:06 Finance capitalism
41:00 Dollar exchange rate & inflation
44:34 Trump proposal at WEF/Davos
45:20 Investing in USA
47:18 US imperialism
49:17 Outro
