Bungacast /479/ El Tarifazo: Trump's Tariff Thwack ft. Lee Jones
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Apr 8, 2025 The discussion dives into Trump's tariffs, likening them to retro-80s economic strategies and questioning their effectiveness. Experts assess whether these policies signal a return to high tariff walls and simulate 19th-century economic models. Historical analogies play a significant role, as they explore how lessons from the past are either misguided or relevant today. The complexities of global trade dynamics and the potential impact on nations like China, Brazil, and the UK create an engaging debate about the future of American economic strategy.
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China Story
- Trump's anecdote about China's difficulty buying goods outside their country.
- Suggests a 25% tax as a solution, emphasizing the messenger's importance.
Trump's 80s Fixation
- Trump's focus on tariffs and trade imbalances dates back to the 1980s, influenced by Japan's economic rise.
- He uses tariffs as leverage, mirroring his approach with Japan, now with China as the new challenger.
Trump and Reagan
- Trump's consistent focus since the 80s has been on tariffs, possibly alongside racism.
- The Trump administration, drawing parallels to Reagan's era, aims to address trade imbalances and restore American hegemony.