The Rest Is Politics: US 75. Trump’s Act of War: Tariff Liberation Day
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Apr 3, 2025 Markets are buzzing over recent tariff announcements, with Trump’s strategy sparking debate about global trade. The hosts compare current tariffs to those from the 1930s, revealing their far-reaching economic effects. They also dive into the potential fallout on international relations and domestic consumers. Humor meets analysis as they assess the political implications of Trump's actions and the risks of isolationism. Plus, a teaser on Northern Ireland's tumultuous history adds depth to the discussion.
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Buffett's Prediction
- Warren Buffett liquidated a large portion of his portfolio six months ago, raising over $350 billion in cash.
- He warned that imposing tariffs like these would be a declaration of war.
Increased Global Risk
- Unpredictable and unstable actions by the US increase risk calculations in the global society.
- American policy was previously bipartisanly predictable, but this deviates significantly.
Trump's Trade Ideology
- Trump's ideological view is that any trade deficit represents a rip-off for America.
- He doesn't consider the possibility of fair trade where Americans buy more than other countries.
