Elon, Inc. Everybody's Business: Trade War Winners and Harvard’s $2 Billion “No”
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Apr 18, 2025 Joining the discussion is Janet Lorin, a Bloomberg reporter focused on higher education finances. She delves into Harvard's standoff with the Trump administration over funding, emphasizing the crucial implications for the university and its future. The talk shifts to the broader impacts of tariffs on various industries, highlighting unexpected winners and losers. Lastly, they explore an all-female crew's recent journey to the edge of space, discussing its significance in the evolving landscape of space travel and gender representation.
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Consumer Anxiety on Tariffs
- Consumer sentiment hit the second lowest level in history amid tariff worries.
- This anxiety impacts spending habits despite some retail sales increases.
NVIDIA Loses to China Trade War
- U.S. export controls on NVIDIA will block significant AI chip sales to China.
- This will accelerate Chinese domestic AI chip production, increasing global competition.
Soybean Farmers Suffer Tariffs
- China is the largest buyer of U.S. soybeans, critical for livestock feed.
- The 245 percent tariff will seriously damage soybean farmers' businesses.
