The Majority Report with Sam Seder
2472 - Trump's Middle East Gambles w/ Matt Duss
Apr 9, 2025
In this engaging conversation, Matt Duss, Executive Vice-President at the Center for International Policy and former advisor to Bernie Sanders, dives into the chaotic world of Trump’s tariffs and their global impact. He discusses the troubling situation in Gaza and the U.S.'s involvement in Yemen, shedding light on the upcoming U.S.-Iran talks. Duss critiques the current U.S. foreign policy approach, reflecting on its implications for international relations. Expect sharp insights and a thought-provoking analysis of the intricate dynamics shaping today's geopolitical landscape.
01:11:43
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Quick takeaways
- The chaos surrounding Trump's tariffs has led to significant financial strain on small businesses, forcing some to consider illegal smuggling to cope with increased operational costs.
- Critics argue that the tariffs lack a coherent strategy for supporting American manufacturing, highlighting the need for policies that incentivize local industry and worker training.
Deep dives
The Impact of Tariffs on Small Businesses
The escalating trade war has prompted significant concerns among small businesses, particularly regarding increased costs due to tariffs. For instance, businesses that import goods from countries like China are facing steep customs fees that may substantially raise their operational expenses. As examples illustrate, a seemingly straightforward shipment could see costs rise from $1,000 to $1,040 due to tariffs, forcing owners to scramble for additional funding. This financial strain could lead some business owners to resort to desperate measures, including venturing into illegal smuggling to manage their budgets.
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