In this insightful discussion, Greg Ip, Chief economics commentator for The Wall Street Journal, delves into President-elect Trump's proposed tariffs and their potential to reshape global trade. He highlights how these tariffs aim to bolster American manufacturing while inciting mixed reactions among economists. The impact on the shoe industry is noteworthy, as companies reconsider production locations due to rising costs. The conversation also touches on the broader economic consequences, including tensions with China and Germany, as the world braces for changing trade dynamics.

Under President Biden, the U.S. is pivoting toward what some people call “industrial policy”—that is, using the government to support key industries, like green energy manufacturing and the manufacture of advanced computer chips. There is a strong case against industrial policy in economics: It’s the idea that governments do not know better than markets when it comes to picking winners, and industrial policy just wastes money and distorts the economy. But there’s another view, which is that industrial policy is utterly necessary to help the U.S. build an abundance of computer chips and green energy infrastructure. Greg Ip, the chief economics commentator at the Wall Street Journal, helps us separate fear from fact as we talk about industrial policy.Host: Derek ThompsonGuest: Greg IpProducer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Greg Ip, chief economics commentator at The Wall Street Journal, discusses the likelihood of a US recession, inflation containment, and President Biden’s growth strategy. They also address Trump's indictment, a special counsel appointment, and changing attitudes towards work-life balance. The economic outlook, market optimism, AI's impact on the workplace, and the concept of Bidenomics are analyzed. The chapter concludes with a discussion on improving economic literacy and understanding pardons in Georgia.

Greg Ip, Chief Economics Commentator at The Wall Street Journal, discusses the striking 2.8% growth of the U.S. economy and its disconnect with public sentiment. Sarah Randazzo, an education reporter, delves into the challenging dynamics of teaching about elections without stirring controversy in the classroom. Dan Divizay analyzes the fluctuating college tuition landscape and government support's impact on costs. Alison Pauly reveals the trend of purchasing expedited travel services, while Emily Stewart sheds light on the struggles of pharmacies amid fierce retail competition.

Greg Ip, Chief Economics Commentator at The Wall Street Journal, shares his insights on the economic landscape awaiting Trump in his second term. He discusses the potential impacts of immigration policies and tariffs on GDP and prices. Stocks surged post-election, hinting at a strong economy left by Biden. The conversation also highlights the urgent need for education and training of skilled labor, particularly in industries like construction, amid ongoing workforce challenges.