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The Bunker
Trade war of the worlds — Start Your Week with Gavin Esler and Ros Taylor
Feb 3, 2025
Dive into the turmoil of Trump’s trade war as tariffs hit imports from Mexico, Canada, and China, threatening global relations. Explore Canada’s retaliation strategies and the ripple effects on the auto industry and workers. Delve into the rising nationalism linked to migration issues and critique potential solutions. The intertwining of government and business, highlighted by Elon Musk’s controversies, paints a complex political landscape as the UK navigates its post-Trump reality. Buckle up for a whirlwind discussion!
33:08
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Quick takeaways
- Trump's tariffs on Canada, Mexico, and China signal a potential trade war, raising concerns about repercussions for American consumers and global relations.
- The podcast emphasizes the importance of cooperation with Mexico on border security and immigration, criticizing punitive measures that may exacerbate existing issues.
Deep dives
Tariffs and Trade Wars
The recent announcement of tariffs by the Trump administration has propelled the U.S. into a potential trade war that could lead to a global recession. Tariffs of 25% on products from Canada and Mexico, along with 10% on Chinese goods, signal a significant shift in trade relations. Historical parallels were drawn to the Smoot-Hawley Tariff Act of 1930, which drastically reduced global trade and contributed to the Great Depression. Economic experts express concern that American consumers will ultimately bear the brunt of these tariffs, questioning whether the U.S. economy can handle the repercussions of such aggressive trade policies.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode