The Powers That Be: Daily Trump Against the World
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Apr 4, 2025 Julia Ioffe, a seasoned journalist, joins to dissect the fallout from President Trump's tariffs. They discuss how these trade policies are raising prices, destabilizing markets, and straining relationships with allies like Vietnam. The conversation draws parallels with Soviet Russia to highlight economic disconnection and consumer struggles. Ioffe also critiques the shift towards isolationism in U.S. foreign policy and explores how global powers like Russia and China view America’s economic challenges.
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From Kasha to Coffee
- Julia Ioffe's family, with a Soviet background, used to hoard essential goods due to shortages.
- Now, Ioffe jokingly says she hoards "bougie" items like Italian coffee and Japanese rice due to tariffs.
Out of Touch Billionaires
- Multimillionaire Trump advisors seem out of touch with average Americans' economic realities.
- They suggest buying American-made goods, but consumers prioritize affordability over origin.
Pain Tolerance
- The Trump administration's justification for tariffs contradicts the economic concerns that fueled their voter base.
- Americans have low tolerance for economic hardship, especially rising prices on essential goods.