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Squawk Pod
Trump’s Tariff Plans, Chips, & Lidia Bastianich on Cricket Pesto 11/26/24
Nov 26, 2024
Lidia Bastianich, celebrated chef and Eataly partner, shares unique Thanksgiving tips amid rising food prices and her culinary adventure with cricket pesto. She discusses the sustainability of crickets as a protein source and offers humorous insights on cooking with them. The conversation also dives into President-elect Trump's proposed tariffs impacting the U.S. economy, alongside significant funding developments for the semiconductor industry, featuring expert opinions on its competitive future.
33:56
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Quick takeaways
- Trump's proposed tariffs on goods from Canada, Mexico, and China signal a significant shift in U.S. trade policy tied to immigration issues.
- Expert discussions highlight the critical need for investment in domestic chip manufacturing to ensure economic security amid growing global competition.
Deep dives
Impact of Tariffs on Trade Relations
The potential imposition of 25% tariffs by President-elect Trump on goods from Canada, Mexico, and China reflects a shift in U.S. trade policy that could have significant economic ramifications. Trump has linked these tariffs to immigration issues and the influx of drugs such as fentanyl across the U.S. border, using this as a justification for his decisions. Industries such as automobile manufacturing, which rely on supply chains spanning these countries, could face increased costs and instability in their operations. The threat of retaliation from these trading partners could further complicate U.S.-China relations and domestic agricultural markets, drawing parallels to the challenges faced during prior trade disputes.
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Discover
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