Slate Money The Trade War That Never Was
33 snips
Feb 8, 2025 The potential trade war with Canada and Mexico was averted, sparking a lively discussion about diplomatic maneuvers and their economic implications. The absurdity of a proposed U.S. sovereign wealth fund is examined, along with contrasting global models. The conversation then shifts to innovative event betting during Super Bowl season, highlighting the cultural phenomenon and regulatory nuances. To wrap things up, ticket prices and celebrity culture surrounding the Super Bowl are humorously explored, showcasing the extravagance of major sporting events.
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Trade War Averted (For Now)
- Trump threatened tariffs on Canada and Mexico, causing a media frenzy and concern over trade disruptions.
- The tariffs were postponed after Mexico and Canada made concessions, though the situation remains uncertain.
Trump's Trade Rationale
- Some believe Trump's tariffs aim to address perceived negative impacts of NAFTA on US manufacturing and workers.
- This perspective argues for changes to strengthen US manufacturing, even if through chaotic means.
Unreliable Partner
- The US, by threatening tariffs, demonstrated itself to be an unreliable trading partner.
- This can have enduring consequences, affecting trust and long-term investment decisions.