Pod Save America Trump's "Liberation Day" Crashes the Stock Market
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Apr 4, 2025 
Emma Vigeland, a political analyst, joins economics journalist James Surowiecki and former National Security Advisor Susan Rice to tackle the fallout from Trump's new tariffs. They discuss how these policies are based on flawed calculations, affecting global markets and lower-income Americans. Vigeland hints at Democratic strategies to capitalize on Trump’s missteps. Surowiecki critiques the economic implications of Trump's approach, while Rice shares insights on national security and Trump's controversial foreign relations. It's a lively dissection of politics and economics!
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Tariffs and Manufacturing
- Trump's tariff plan lacks the necessary investments and infrastructure to onshore manufacturing.
- This forces Americans to pay higher prices without a viable domestic production alternative.
Tariffs as a Political Tool
- Trump uses tariffs to appeal to blue-collar voters affected by trade deals.
- Democrats can counter by portraying tariffs as a regressive tax harming the poorest Americans.
Democratic Response to Tariffs
- Democrats should argue that tariffs are a regressive tax.
- They must couple this with a positive economic agenda, even without immediate federal power.
