Peter St Onge Podcast Ep 134 Weekly Roundup: Trump’s America First Tariffs
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Aug 18, 2025 The podcast dives into Trump's trade policies and how tariffs are reshaping international negotiations, particularly affecting China and India. It discusses the surprising shift of net migration trends amid stricter immigration measures that are benefiting the labor market. The conversation also highlights the alarming rise in student loan delinquencies and its ripple effects on the economy. Additionally, it touches on the urgent need for AI regulation to spur innovation and maintain competitiveness on a global scale.
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America Uses Tariffs As Leverage
- Trump's tariff deals give the U.S. massive bargaining power and shift many trade terms in America's favor.
- These deals create a new normal where other countries face high tariffs or must concede market access and investment promises.
Migration Reversal Reshapes Labor Market
- Net migration turned negative for the first time since 1945, driven by a closed border and steep drops in encounters.
- Foreign-born employment fell while native employment rose and wages hit a 60-year high, changing labor dynamics.
Don't Privatize With Taxpayer Guarantees
- Avoid privatizing Fannie and Freddie with baked-in taxpayer guarantees that reward shareholders.
- Unchain federal bailouts instead of expanding them into new privatized models to reduce systemic risk.