Make Me Smart The tariff countdown
18 snips
Apr 1, 2025 
Sabree Beneshore, a Marketplace contributor and keen observer of economic trends, joins the discussion to unpack the implications of impending tariffs and their historical context. They analyze whether Trump's promised manufacturing growth echoes past failures, citing George W. Bush's steel tariffs that backfired. With a rising 'buy Canadian' movement and its impact on U.S. businesses, the conversation shifts to fun topics like the social etiquette of punctuation in texting, revealing how emojis and punctuation shape our communication today.
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Buy Canadian Movement
- Canadians are promoting buying Canadian products and avoiding U.S. goods.
- One U.S. diaper maker reported lost sales, while a Canadian competitor saw sales quadruple.
Tariff Exemptions and Patronage
- Republicans are lobbying for tariff exemptions to protect local industries.
- This creates a patronage system where connections matter more than economic fairness.
Bush Steel Tariffs
- The 2002 steel tariffs under President Bush cost 200,000 U.S. jobs.
- These job losses occurred in businesses using steel, not in the steel industry itself.