Why Trump's China Tariffs Won't Work

36 snips

Apr 14, 2025

Mary Katharine Ham, a witty libertarian commentator known for her insightful takes on CNN, joins a lively discussion about Trump's fraught trade war with China. They dissect the true impact of tariffs on U.S. manufacturing, raising concerns about the middle class's fate. The conversation takes a deep dive into the complexities of labor market struggles and the disconnect between Americans' desires for factory jobs and the reality of factory life. Throughout, they explore the pitfalls of government spending and the narratives surrounding trade deficits.

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INSIGHT

Fake Trade War

Trump's trade policies, including tariff exemptions for major companies, resemble a "fake trade war."
This suggests a lack of clear strategy and understanding of trade dynamics, causing unnecessary market volatility.

INSIGHT

Uncertainty Harms Business

Uncertainty in trade policy harms businesses by hindering investment decisions.
Unilateral micromanagement of the global economy goes against established economic wisdom.

ANECDOTE

Trade and Middle Class

Critics argue that opening trade with China did not lead to expected political liberalization.
They also claim it hollowed out the U.S. middle class, especially by destroying manufacturing jobs.

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