The Tom Woods Show Ep. 2629 The Trump Tariffs: A Debate
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Apr 10, 2025 Join John Carney, Breitbart's business and finance editor, and Gene Epstein, former economics editor at Barron's, as they dive into the contentious world of Trump’s tariffs. They explore the impact of U.S. trade policies and the historical context, debating the balance between protecting domestic industries and promoting free trade. The conversation also navigates the complexities of U.S.-China trade relations and the implications for American consumers and the economy. It's a spirited discussion that tackles the future of American manufacturing and the effectiveness of tariffs.
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First Meeting
- Tom Woods and John Carney first met 30 years ago at Harvard.
- They stayed talking long after everyone else left the dining hall.
Trade Deficit as Charity
- The U.S. trade deficit is a form of strategic charity stemming from the Cold War.
- Trump's tariffs are an overdue correction to this unsustainable path.
Trade Deficit Investments
- The U.S. trade deficit isn't inherently bad; foreigners invest those dollars back into the U.S. economy.
- They buy U.S. debt, stocks, and private sector debt, benefiting the U.S.