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Trump’s Tariff U-Turn (with Justin Wolfers)
Apr 11, 2025
In this insightful discussion, renowned economist Justin Wolfers, a professor at the University of Michigan, analyzes the tumultuous world of Trump's tariffs. He explores the chaotic stock market reactions and the erosion of global trust, emphasizing the steep tariffs on China and their implications for consumers. Wolfers contrasts the short-term optimism with long-term repercussions, questioning whether any economic recovery can outweigh the damage. He also delves into the need for reform in presidential tariff powers to protect citizens from financial strain.
46:49
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Quick takeaways
- Economist Justin Wolfers emphasizes that inconsistent tariff policies may deter investment and hinder future job growth in manufacturing.
- The podcast highlights the importance of congressional oversight in tariff decisions to ensure long-term economic health and public accountability.
Deep dives
Impact of Tax Policies on Identity Fraud
The episode highlights that last year, the IRS flagged $16.5 billion for potential identity fraud, underlining the critical need for identity protection services during tax season. LifeLock, discussed in the podcast, emphasizes its role in monitoring 100 million data points every second to safeguard personal identities. In this context, identity theft is framed not just as a personal issue, but as a growing financial threat to many individuals. The importance of taking proactive measures against this threat is made evident, showcasing the rising trend of identity-related crimes, especially during sensitive times like tax season.
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