Honestly with Bari Weiss

Niall Ferguson: The Trade War and the Battle for the 21st Century

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Apr 10, 2025
Niall Ferguson, an esteemed economic historian and Free Press columnist, delves into the shifting global landscape under the Trump administration. He discusses the implications of tariff policies as either a protective measure or a destabilizing force. Ferguson argues that these moves reflect a larger decolonization of American power, sparking trade tensions with China and risking economic fallout. He highlights the need to understand the deeper dynamics of ownership and media influence in this evolving geopolitical scenario.
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INSIGHT

Tariffs as a Tax Hike

  • Trump's tariff plan harkens back to 1909, significantly increasing import costs.
  • This acts as a substantial tax hike on American consumers, impacting the stock market and businesses.
INSIGHT

Conflicting Tariff Goals

  • The White House is divided on the true goals of the tariffs, creating confusion.
  • Some view them as negotiating tactics, while others see them as ideological.
INSIGHT

AI-Driven Tariffs

  • Trump's tariff vision, aided by AI, targets countries with trade surpluses.
  • This approach disregards economic principles and miscalculates the complexities of global trade.
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