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The MeidasTouch Podcast
Trump Panics on Thursday AM as He Collapses It All
Mar 13, 2025
This episode dives into Trump’s tumultuous Thursday, where panic strikes over proposed tariffs on EU wines and champagnes. The hosts dissect the growing consumer anxiety and economic turmoil tied to these threats. They challenge misleading claims about a thriving economy and explore shifting foreign policy dynamics, especially in the wake of the Russia-Ukraine conflict. Additionally, they scrutinize the U.S. military's potential role in Panama and reflect on Trump's checkered business history, showcasing his numerous financial failures.
18:52
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Quick takeaways
- Donald Trump's aggressive tariff proposals, such as those on European goods, exacerbate market uncertainty and highlight consumer economic distress.
- Declining consumer confidence among all income levels signifies a growing financial strain that contradicts Trump's claims of economic success.
Deep dives
Impact of Tariffs on Markets
Recent tariff threats from Donald Trump have contributed to increased market uncertainty, causing significant declines in stock prices. Trump proposed steep tariffs on European wines and champagnes in retaliation for a 50% tariff on American whiskey, despite the fact that the U.S. does not produce champagne. This aggressive trade stance reflects a wider consumer sentiment of economic distress, as various companies report decreased consumer spending, highlighting a potential recession on the horizon. Market experts express skepticism about the administration's focus on long-term economic growth as short-term indicators continue to worsen.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode