Slate News Slate Money | The Trade War That Never Was
Feb 8, 2025
The hosts dive into the chaotic trade negotiations that almost spiraled into a war with Canada and Mexico. They reveal the absurdities behind Trump's proposed U.S. sovereign wealth fund. A captivating discussion unfolds on sports betting's legal landscape, particularly as companies find ways to monetize events like the Super Bowl despite state restrictions. Plus, the differences between betting and futures trading come into focus, shedding light on regulations that influence both. It's a blend of economic insights and entertaining banter.
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The Trade War That Wasn't
- Trump threatened tariffs on Canada and Mexico, causing a news cycle freakout and even boos from Canadians at sports events.
- However, the tariffs were postponed after Mexico and Canada made promises to Trump.
Post-Neoliberal Trade
- There's a bipartisan disillusionment with free trade, echoing sentiments that NAFTA/USMCA harmed US manufacturing.
- However, imposing tariffs without a replacement trade deal is disastrous for integrated supply chains.
Insane Tariffs
- The proposed tariffs on goods crossing the US-Mexico-Canada borders multiple times during manufacturing could have led to exorbitant cumulative tariff costs.
- This would severely impact industries like auto manufacturing, potentially making North American cars more expensive than even Chinese imports.