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The Truth Behind Donald Trump’s Tariff Talk
Dec 28, 2024
Join Nobel Prize-winning economist Paul Krugman as he dives into the complexities of tariffs and trade, particularly during the Trump administration. He reveals the impacts of a 20% tariff on China and the renegotiated USMCA on U.S. relations with Canada and Mexico. Krugman also discusses the evolving relationship between political decision-making and economic theory, and how Biden’s policies are reshaping the economic landscape. Plus, he offers insights on the American healthcare system, comparing it to global models and addressing public sentiment for reform.
51:41
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Quick takeaways
- Paul Krugman highlights the risks of Donald Trump's tariff strategies, stressing their potential havoc on North American manufacturing dynamics.
- Despite inflation challenges, Krugman believes Joe Biden's economic legacy will be positively re-evaluated due to strong post-pandemic recovery efforts.
Deep dives
Paul Krugman's Shift to Self-Publishing
Paul Krugman has transitioned from a long career with the New York Times to self-publishing on Substack, allowing him greater freedom in expressing his views. This change has enabled him to be more candid and less restrained in his commentary on economic policies. Krugman reflects on the evolving nature of journalism, noting that the New York Times is moving towards a model that emphasizes less quantity in terms of published work. With his new platform, he aims to engage more directly with his audience, sharing insights almost daily.
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