RealClearPolitics Podcast The World Reacts To Trump’s Tariffs
Apr 3, 2025
Join John Tamny, editor of RealClear Markets, who critiques Trump’s tariffs as ineffective for reviving American manufacturing, arguing that adapting to modern conditions is key. Mollie Hemingway, editor-in-chief of The Federalist, reveals how federal entities contribute to media censorship, advocating for action to protect free speech. They dive into the implications of rising tariffs and explore the shifting political landscape with Eric Adams' unexpected independent run against Nathan Cuomo. All this sparks a lively discussion on the future of trade and media integrity.
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Market Reaction to Tariffs
- Trump's tariff announcement has caused a significant market reaction.
- The effective tariff rate on China is estimated at 65%, impacting trading partners and markets.
Voter Impact Timeline
- Voters won't have a say on the tariffs for 18 months.
- The tariffs' success depends on whether tangible benefits outweigh short-term pain like higher prices and market uncertainty.
Negotiating Ploy vs. Reshoring
- Some believe Trump's tariffs are a negotiating tactic to force countries to lower their own tariffs.
- However, the White House has offered conflicting messages on the tariffs' purpose: reshoring manufacturing or achieving trade parity.