The Commentary Magazine Podcast Intellectual Trade Deficit
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Apr 7, 2025 The discussion delves into the fallout from Trump's trade tariffs and their impact on the GOP and economic narratives. It uncovers the divide between Trump's base and affluent voters, highlighting the complexities of economic nationalism. The internal conflicts within the Republican Party are examined, alongside shifts in Democratic economic policies aimed at addressing working-class issues. There's a humorous take on the geopolitical dynamics of trade and a reflection on navigating ideological struggles within the Democratic Party.
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Trump's Trade Policy Goals
- Trump's trade policies aim to reduce trade deficits and shift the US economy.
- This approach prioritizes high-skilled manufacturing and exports.
Support for Trump's Policies
- Trump's trade policies have broad support, but mainly from his base.
- The policies are not universally popular, especially among traditional Republicans and the wealthy.
Hassett's Argument on Tariffs
- Kevin Hassett argued that foreign retaliation proves American consumers aren't paying the price of tariffs.
- This logic is flawed, as retaliation is a direct response to the impact on foreign countries.