The Michael Knowles Show Ep. 1707 - NO ONE EXPECTED THIS! Trump Tariffs BREAKDOWN
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Apr 3, 2025 President Trump stirs up controversy with new tariffs, leading to a deep dive into their historical roots and economic implications. The show tackles the complexities of trade negotiations with countries like China and Canada, alongside personal anecdotes about American meat sourcing. A female fencer's refusal to compete against a man sparks heated discussions on gender in sports. The conversation also touches on the political fallout surrounding abortion pills and the challenges of trust in modern health institutions amid rising skepticism.
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Unpredictable Tariffs
- President Trump's Liberation Day tariffs were unexpected and caused the stock market to tank.
- Pundits who claim to understand the tariffs' implications are likely wrong, as they didn't predict them.
Trump's Madman Strategy
- Even senior administration officials were unaware of the tariffs' specifics, including countries affected and their intensity.
- This 'madman strategy' has worked well for Trump, but the tariffs' purpose remains uncertain.
Record-High Tariffs
- The new tariffs have pushed the effective rate on imports to a 131-year high of 19.1%.
- Including previous tariffs, the effective rate could reach approximately 26%, significantly impacting trade.