Slate News Slate Money | The Truth Behind Donald Trump’s Tariff Talk
20 snips
Dec 28, 2024 
Join Paul Krugman, the renowned economist and former New York Times columnist, as he delves into the intricate dance between politics and economics. He discusses how political loyalty shapes economic advice, particularly in the context of trade and tariffs under Trump and Biden. The conversation takes a dive into healthcare reforms like single-payer systems, the legacy of Biden's fiscal policies, and the implications of trade wars. Krugman also touches on historical lessons from economic crises, highlighting how they inform today's policy decisions.
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Trump's Tariff Obsession
- Trump remains focused on tariffs and simplistic trade views.
- He believes selling more and buying less equals winning, ignoring economic complexities.
Tariffs and North American Manufacturing
- North American manufacturing is deeply integrated, making tariffs disruptive.
- Trump overlooks policy tools beyond tariffs and potential retaliation.
Lighthizer's Absence
- Robert Lighthizer, a seasoned protectionist, was expected to join the Trump administration.
- However, Lighthizer did not get a job, suggesting a potential lack of expert advice.