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The Upside Of Tariffs

22 snips
Apr 7, 2025
Jonathan Last, the Editor of The Bulwark and a voice in conservative political commentary, dives deep into the complexities of Trump's tariffs. He discusses the flawed logic behind trade imbalances and how tariffs could lead to economic turmoil for political gain. The conversation turns to the upcoming 2024 elections, analyzing voter sentiment and the disconnect between consumer perception and economic reality. Last encourages listeners to reflect on the political motivations behind tariffs and their implications for democracy.
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INSIGHT

A Modest Proposal

  • Jonathan Last's "A Modest Proposal" suggests letting Trump's policies play out.
  • This approach believes the resulting negative consequences will shift public opinion.
ANECDOTE

The China Shop Analogy

  • Jonathan Last wasn't sure his "wish" for Trump's policies to unfold would come true.
  • He compares the situation to someone breaking things in a china shop.
INSIGHT

Trade Imbalance Illiteracy

  • Jonathan Last criticizes the ill-informed view of trade imbalances as inherently unfair.
  • He points out that not all countries have the same resources or needs.
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