TRIGGERnometry Will Trump's Strategy Work? - Liam Halligan
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Mar 19, 2025 Liam Halligan, a British economist and journalist, delves into the impact of Trump's tariff policies and their connection to inflation and recession risks. He analyzes the shifting geopolitical dynamics with China and Russia, emphasizing the need for economic independence through investments like gold. The conversation also critiques the current austerity measures and explores the fiscal challenges facing Western economies, arguing for growth-oriented strategies instead of punitive taxation. Halligan navigates the intricacies of political policies and their broader economic implications.
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Tariff Impact
- Tariffs are taxes on imported goods, often used to protect domestic industries.
- They can lead to inflation and market instability, as consumers pay more.
Short-Term Thinking
- Trump's actions on the world stage seem short-sighted, prioritizing immediate gains over long-term stability.
- This approach risks escalating global conflicts and nuclear proliferation.
Economic Reckoning
- The UK, like other Western nations, has unsustainable social welfare systems.
- Harsh global realities may force necessary economic reforms, like benefit system reform.