The Prof G Pod with Scott Galloway Prof G Markets: The $6.6 Trillion Sell-off
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Apr 7, 2025 The podcast dives into the staggering $6.6 trillion sell-off spurred by Trump's tariff announcements, revealing both economic repercussions and personal stories of financial loss. It critiques the narrative around trade policies and their impact on American businesses, while cautioning against the miscalculations that can destabilize the economy. The hosts emphasize how market fluctuations affect everyone, not just the wealthy, and share strategies for navigating volatility, including diversification and a cautious approach to 'buying the dip.'
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Trade Asymmetry
- The US isn't a victim in trade, often imposing higher tariffs than partners.
- Trump's tariff calculations were based on trade deficits, not actual tariffs, shocking markets.
Apple and Tariffs
- Trump's tariffs will cost Apple $40 billion, impacting its market cap.
- Producing iPhones domestically would be too costly, only increasing prices and hurting shareholders.
Tariff Uncertainty and Impact
- Tariff uncertainty disrupts supply chains, pushing partners towards China.
- US exports, with higher profit margins, suffer greater market cap losses from reciprocal tariffs.