The MeidasTouch Podcast
Trump Crumbles on Saturday Morning After Bad News
Apr 12, 2025
The hosts dive into Donald Trump's disastrous scenario as his policies lead to economic chaos. They critique his tariff decisions and the conflicting message between his weekend golfing and serious trade issues. The conversation highlights fears of a looming recession and the unraveling of trust in the U.S. dollar, driving global buyers towards gold. They also cover how Trump's exemptions may hinder manufacturing growth and explore the wider implications of his trade agenda on international relations.
14:38
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Quick takeaways
- Trump's trade policies have caused significant economic instability, leading to soaring mortgage rates and a decline in financial market credibility.
- The shift in global trade dynamics, particularly with China, reflects Trump's retreat from aggressive tariffs, undermining his manufacturing dominance narrative.
Deep dives
Impact of Trump's Trade Policies on the Economy
Donald Trump's trade policies have resulted in significant economic instability in the United States, leading to fears of a recession. His approach, including the use of emergency powers to impose tariffs, has been criticized as unconstitutional and damaging. As a result, mortgage rates have surged above 7 percent, and there has been a notable increase in rejected mortgage refinance applications, echoing trends from the Great Recession. The chaotic trade agenda has hurt the U.S. dollar's credibility on the global stage, leading to a sharp decline in foreign investments and trust in American financial markets.
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