Raging Moderates with Scott Galloway and Jessica Tarlov The Price of Trump’s Trade War
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Apr 8, 2025 Scott and Jessica dive into the chaos of Trump's trade war, exploring its dampening effects on the stock market and the middle class. They discuss the implications of Elon Musk's turbulent role in politics and the recent buzz surrounding Senator Cory Booker's passionate speeches. The duo also speculates about presidential candidates, like the charming Mark Cuban, and examines Hooters' bankruptcy woes. With a humorous twist, they unravel the complexities of trade policies and their ripple effects on international relations.
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Trade War Uncertainty
- Trump's new trade war, including tariffs on nearly everything the U.S. imports, has tanked the markets.
- This evokes the same uncertainty levels as the start of the pandemic in March 2020.
Incoherent Tariff Strategy
- Trump's tariff strategy is mathematically flawed and lacks a cohesive narrative.
- Different officials offer conflicting explanations, from reshoring to free trade zones, highlighting the administration's incoherence.
Toy Tariff Impact
- 77% of toys imported to the U.S. come from China, and new tariffs could increase prices by 50%.
- This will likely reduce the number of toys under Christmas trees, directly impacting consumers.