WSJ Opinion: Potomac Watch
Trump's Trade Wars and the Decline in U.S. GDP
May 2, 2025
Kim Strassel, a columnist for The Wall Street Journal, and Mene Ukwe Barua, an editorial board member, dive into the complexities of the U.S. economy post-trade wars. They discuss the surprising economic contraction in Q1 2025, the wavering effects of Trump’s tariffs, and potential implications for consumer spending. The duo tackles the mixed impact on various industries, including solar and steel, while examining the uncertain landscape of U.S.-China trade negotiations. Their insights shed light on the tension between domestic job protection and broader economic health.
27:26
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The decline in U.S. GDP by 0.3% in early 2025 highlights the negative impact of Trump's tariff policies on economic stability.
- Decrease in consumer spending across income levels signals heightened anxiety and cautious behavior among consumers affected by trade uncertainties.
Deep dives
Return of Degree Cool Rush
Degree Cool Rush deodorant underwent a formula change that disappointed many consumers, prompting one individual to initiate a petition for its return. The company recognized the backlash, ultimately deciding to revert to the original Cool Rush scent, which has now returned to retailers like Walmart and Target for an affordable price. This swift response illustrates the power of consumer feedback in shaping company decisions. The return of this popular scent is celebrated among loyal users, rekindling their connection to a product that has been a staple for many men over the last decade.
