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Slate Money
The Trade War That Never Was
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.
56:55
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Quick takeaways
- The avoidance of a trade war with Canada and Mexico reveals the fragile state of North American trade relations under the current administration.
- Concerns about Trump's proposed US sovereign wealth fund highlight its disconnect from fiscal realities and possible cronyism amidst a significant national deficit.
Deep dives
Trade War Avoided
The recent avoidance of a trade war between the U.S., Mexico, and Canada highlighted the delicate nature of North American trade relations. Initially, the U.S. threatened to impose significant tariffs on these countries, causing widespread concern and media speculation about the potential economic fallout. However, negotiations led to last-minute agreements, with both Mexico and Canada offering troops to assist the U.S. border situation, indirectly diffusing the tariff threats. This situation underscored the unpredictable behavior of trade negotiations under the current administration, raising concerns about future volatility.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode