Slate Money The Truth Behind Donald Trump’s Tariff Talk
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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.
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Trump's Tariff Obsession
- Trump, obsessed with trade, wants to impose tariffs widely.
- He believes selling more to a country equals winning, unfazed by negative consequences.
Trump's Trade Philosophy
- Trump views any trade surplus of another country with the US as a loss for America.
- He considers USMCA a failure due to bilateral deficits with Canada and Mexico.
Lack of Expert Advice
- Trump's administration seems to exclude experts with independent viewpoints.
- This lack of informed advisors may lead to uninformed trade decisions.