The Rest Is Money 144. The European Silver Lining to Trump’s Global Gangsterism
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Mar 6, 2025 Robert and Steph dive into the fallout from Trump’s tariffs, pondering who bears the true cost. They discuss the potential for European unity as a response to global pressures, including defense and economic regeneration. The pair highlight how enhanced EU-UK relations could spur growth in manufacturing sectors. They also tackle the importance of strategic defense spending amidst rising geopolitical tensions and its implications for job creation, setting the stage for tech innovations in the future.
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Impact of Trump's Tariffs
- Trump's "America First" agenda and tariffs disrupt the global trade system and potentially harm the US economy.
- These policies risk increasing inflation and reducing economic growth, despite appealing to some Americans' self-interest.
Economic Consequences of Tariffs
- Trump's tariffs negatively impact the US economy through reduced profit margins, lower investments, and increased consumer costs.
- A nowcast by the Atlanta Fed suggests the US economy might be shrinking, increasing recession risks.
Tesla and Tariffs
- French company Fervia, a Tesla supplier, faces increased costs due to tariffs on Mexican imports.
- This could increase Tesla's production costs, potentially raising prices for consumers.