The Pomp Podcast #1525 Anthony & Polina Pompliano | Exposing Why Wall Street Hates Tariffs
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Apr 8, 2025 Polina and Anthony Pompliano break down the complex world of tariffs and their economic impact. They discuss how tariffs could benefit job reshorning and fair trade while highlighting the divide between wealthy elites and the working class. Real-life examples from manufacturing reveal the stark contrast between Wall Street's perceptions and factory realities. The duo emphasizes the need for a balanced approach to trade policies that fosters domestic industry and addresses the wealth gap.
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Two Americas
- Tariffs reveal two distinct Americas: the wealthy who benefited from globalization and a growing working class struggling with its downsides.
- This economic policy aims to help the working class catch up, not to abandon the wealthy.
Tariff Objectives
- Tariffs have three main goals: raise revenue, reshore American jobs, and promote fairer trade.
- Aligning on these objectives is crucial for evaluating policy success.
Steel Tariffs Story
- A steel CEO on CNN revealed a trade imbalance: exporting steel to Germany incurs high tariffs, while importing from Germany has lower ones.
- This imbalance hurts American producers and incentivizes offshoring.
