The Political Scene | The New Yorker Donald Trump Gets a “Spanking” from the Bond Market
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Apr 11, 2025 
Mark Blyth, a Professor of International Economics and Public Affairs at Brown University, joins the discussion to unpack the recent bond market shifts and their influence on Donald Trump's trade policies. He highlights the power dynamic between the U.S. and China, noting that the latter can endure economic pain better than Trump’s administration anticipates. Blyth critiques the reliance on tariffs as a solution, advocating for deeper, more comprehensive policies to address America’s industrial challenges and global economic engagement.
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Carr's Mao Badge
- Brendan Carr, the new head of the FCC, wore a Mao badge, reminiscent of China's Cultural Revolution.
- This act, mirroring a historical symbol of personality cults, signals a potential shift in the political climate.
Trade War Retreat
- Trump's trade war caused market chaos, leading to a retreat on some tariffs after significant financial losses.
- This impulsive behavior highlights the risks of his economic policies and their impact on market stability.
Trump's Tariff Playbook
- Trump's tariff strategy involves disruptive actions followed by calculated retreats, creating an illusion of leverage.
- However, this tactic undermines market credibility and hinders meaningful deals.
