The Bulwark Podcast S2 Ep1013: Mallory McMorrow and Tracy Alloway: A Self-Inflicted Crisis
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Apr 3, 2025 
Michigan State Senator Mallory McMorrow, known for her candidacy announcement for the U.S. Senate and author of "Hate Won't Win," joins Tracy Alloway, co-host of Bloomberg's "Odd Lots." They dissect the chaos and economic fallout stemming from Trump's leadership, discussing job losses in Michigan and the unpredictability of tariffs. McMorrow calls for fresh leadership to reshape the political narrative while advocating for a new American dream. Their insightful take on financial stability and community impact makes for a compelling listen.
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Market Plunge Due to Trump Chaos
- The stock market plunge is due to Trump's chaotic actions, not underlying economic issues.
- This was predictable given Trump's history of business failures.
Surprise in Finance World
- Finance professionals struggled to believe someone in power would intentionally sabotage global trade.
- Many didn't take Trump's tariff threats seriously, assuming he wouldn't act on them.
Tariff Calculation Method
- The reciprocal tariffs are based on trade deficits, not actual tariff rates.
- The calculation method used resulted in illogical tariff rates, like South Korea having a higher rate than Brazil despite a free trade agreement.
