After President Donald Trump’s proud announcement of ‘Liberation Day’ tariffs, markets worldwide took a tumble.
Shortly after Trump’s Rose Garden announcement concluded, James Seyffart, Steven Ehrlich, Ram Ahluwalia, and guest Quinn Thompson discussed:
- How markets reacted
- Whether tariffs can bring middle-class jobs back to America
- Who will end up paying the most
- Future possibilities of war, recession and stagflation
- How it all affects crypto
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Trump Tariffs Shake Markets
US Tariff History
Impact on Bitcoin and Crypto
The Concerned Consumer and CEO
CBS: Consumer confidence slumps to 12-year low as Americans fret over their financial prospects
NPR: Why CEOs are calm about tariffs in public — but 'very discouraged' in private
🤝 00:00 Introductions + Quinn’s background
📕 4:09 Trump’s take on U.S. tariff history
📉 6:11 The market’s tumultuous reaction
🏭 11:13 Will tariffs bring manufacturing back to America?
▶️◀️ 12:47 The contradictions in Trump’s policies and the threat of stagflation
⏳ 18:53 Why Trump doesn’t have as much time as he thinks
🥵 24:12 Will American consumers bear the burden?
💥 26:05 Taking a wrecking ball to market psychology
❓ 28:02 Whether Trump inherited a healthy or faltering economy
🫸 32:00 Why CEOs are hesitating and how to persuade them to invest in manufacturing
❌ 35:11 “This is not the way you go do it.”
🇹🇼 40:44 Another contradiction: Trump willing to defend Taiwan while being isolationist?
🪖 47:55 Why the current geopolitical climate is especially dangerous
😱 55:51 Is America heading for a recession?
🤔 01:02:00 How will this affect Bitcoin?
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