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Big Technology Podcast
Trump, Tariffs, Trade War, And Technology — With Alan Deardorff
Nov 4, 2024
Alan Deardorff, a professor emeritus of international economics at the University of Michigan, dives into the intricate world of tariffs and trade on the eve of the elections. He discusses the contrasting views of Trump and Harris on trade policies and the potential risks posed to U.S. tech companies by a trade war. The conversation also scrutinizes China's practices, the implications for electric vehicles, and how tariffs could reshape retailer strategies. Deardorff concludes with insights on currency debasement and the stability of the U.S. dollar.
46:01
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Quick takeaways
- The proposed tariffs by Trump could significantly increase costs for tech companies like Apple and Amazon, destabilizing their supply chains.
- There is a political shift towards protectionism affecting trade policy, suggesting long-term ramifications for global trade mechanisms and economic stability.
Deep dives
Impact of Tariffs on Silicon Valley
The discussion highlights the potential repercussions of tariffs on Silicon Valley, particularly focusing on tech companies heavily reliant on international trade. A significant point raised is Trump's proposed tariffs, which could reach 60% on imports from China, potentially destabilizing not only trade relations but also the supply chains that tech companies like Apple and Amazon depend on. The professor emphasizes that these tariffs could lead to higher consumer prices and retaliatory measures from China, suggesting a significant shift in the operational landscape for many tech firms. Ultimately, the impact of these tariffs could hinder Silicon Valley's growth by increasing costs and complicating access to crucial components required for production.
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Discover
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