The Rest Is Politics 384. Labour’s War on Welfare, Trump’s Tariff Secret, and Britain’s Fight for Farming
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Mar 19, 2025 The discussion dives into Trump's complicated tariff policies and their impact on global trade, specifically affecting blue-collar workers. The challenges British farmers face post-Brexit are explored, highlighting their financial struggles and the shifting political landscape. Welfare politics come under scrutiny, especially regarding rising disability claims and the Labour Party's evolving stance on social justice. The episode also touches on the pressing mental health crisis in the workplace, revealing its effects on employment rates across the UK.
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Trump's Tariff Mentality
- Trump's tariff policy aims to boost US manufacturing, shrink the deficit, and lower food prices.
- However, it primarily functions as a tool for grievance, control, and potential corruption.
Tariff Impact
- Studies from MIT, Zurich University, Harvard, and the World Bank show Trump's first-term tariffs failed to restore US jobs.
- These tariffs negatively impacted both the US and Chinese economies.
Deal-Making Styles
- Trump's distributive deal-making style clashes with the integrative nature of global economics.
- China's strategic response to tariffs, like shifting soybean orders to Russia, highlights this difference.