Edward Fishman brings a wealth of knowledge about global economics, sanctions, and the intricate balance of international trade. He joins Tom to dissect the strategic moves of nations and the unintended consequences of economic decisions, focusing on the impact of tariffs, the vulnerability of the U.S. to foreign supply chains, and the geopolitical complexities of U.S.-China relations.
Edward warns of the historical precedents that show how economic isolation can lead to conflict, urging a balanced approach. They delve into the strategic vulnerabilities posed by the reliance on foreign manufacturing and discuss potential solutions like incentivizing domestic production through acts like the Chips Act.
SHOWNOTES:
00:00 Trump and Tariffs: Strategic Error?
00:38 Vulnerability to China: The Manufacturing Dilemma
02:32 U.S. Incentives for Domestic Production: The Chips Act
03:35 The Danger of Tariffs Against Allies
04:19 Trump’s Use of Tariffs as a Negotiation Tool: Canada and Mexico
05:29 The Impact on American Manufacturing: Ford and GM Dilemma
FOLLOW EDWARD: Twitter: https://twitter.com/edwardfishman
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