Pantsuit Politics Trump's Trade War
Mar 7, 2025
In this discussion, Peter Goodman, the Global economics correspondent for The New York Times, breaks down the implications of President Trump's trade policies. He explains how tariffs impact global supply chains and the challenges faced by American manufacturers relying on imported goods. Goodman critiques the rising protectionism and its socio-economic effects, emphasizing the need for clear international trade agreements. Their conversation balances serious economic insights with personal anecdotes, making complex topics engaging and accessible.
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WTO's Role
- The World Trade Organization (WTO) simplifies global trade by standardizing tariffs.
- This system ensures fairness and predictability for businesses in member countries.
Canadian Rye in Kentucky Bourbon
- Peter Goodman recounts a story about a Kentucky distillery using Canadian rye.
- A visitor questioned the bourbon's "Americanness" due to the imported ingredient.
Protectionism's Flaws
- Peter Goodman acknowledges the need for more resilient supply chains.
- He criticizes Trump's protectionist approach as disruptive and ineffective.
