The Opinions ‘We’re Playing With Fire’: The Risks of Trump’s Tariffs on China
23 snips
Apr 9, 2025 Binyamin Appelbaum, the Economics editor for the New York Times opinion section and a critical voice on Trump's economic plans, joins Patrick Healy for an engaging discussion. They dissect the implications of Trump's controversial tariffs on China and their potential fallout on America's global standing. The conversation highlights the complexities of re-industrialization and questions whether tariffs truly advance U.S. interests or merely complicate diplomatic relations with China. They also explore the challenges Congress faces in shaping effective tariff policies amidst ongoing conflicts.
AI Snips
Chapters
Transcript
Episode notes
Trump's Diagnosis
- Trump is a skilled diagnostician, identifying real problems like the downsides of free trade.
- Free trade's promise of shared prosperity failed, leaving some behind while enriching others.
Youngstown Carousel
- A carousel from a closed Youngstown amusement park now sits in Brooklyn.
- This symbolizes the shift of American industry, leaving places like Youngstown behind.
Rushed Reshoring
- Reshoring some production will succeed, but rushing is counterproductive overall.
- Trump's immediate tariffs contradict his goal, making long-term investments risky.