Geopolitical Economy Report

Explore the roots of U.S. deindustrialization, highlighting how political policies, particularly under Trump, have influenced manufacturing decline. Dive into the economic impact of tariffs and the misconceptions about trade deficits. Discover how financialization prioritizes short-term gains over long-term innovation, contrasting U.S. strategies with those of China. Unravel the essential role of transportation in trade policies and the disconnect between economic theory and reality, urging a reevaluation of approaches to foster true industrial growth.

Donald Trump's strategy to separate Russia and China is backfiring spectacularly. In a recent meeting, Xi Jinping and Vladimir Putin declared their alliance stronger than ever. The discussion highlights China and Russia's deepening ties, which defy U.S. attempts at division. As both nations celebrate their historical cooperation, they criticize U.S. policies while affirming their mutual support in the face of perceived fascism. The rise of a multipolar world challenges America’s dominance, showcasing the friendship between these two global powers.

Donald Trump's aggressive trade policies and tariff threats are unintentionally uniting the world against the U.S. China is strengthening its ties with Europe, Japan, and Russia, indicating a significant shift in global alliances. The push for de-dollarization is gaining momentum as partners turn away from American influence. Amidst Trump's promises of military might, the global landscape is transforming, with Southeast Asia increasingly favoring collaboration with China over the United States.

Donald Trump's tariffs are backfiring, accelerating the global shift away from the U.S. dollar. Countries, particularly in BRICS, are selling off U.S. assets, seeking alternatives like gold and European bonds. Tensions are rising in East Asia as alliances between China, South Korea, and Japan strengthen amid U.S. trade threats. The fallout from these trade wars is shaking confidence in U.S. Treasury securities, paving the way for a multipolar currency world. The implications for U.S. economic policy and its financial markets are profound.

Dimitri Lascaris, a journalist and lawyer running the independent outlet Reason2Resist, joins political economist Radhika Desai to dissect Canada's recent elections. They argue that new PM Mark Carney, a center-right banker, represents no real alternative to Trump’s agenda, highlighting how both cater to elite interests. The conversation dives into declining voter turnout, regional polarization, and the diminishing presence of smaller parties while calling for a radical political shift to engage disillusioned citizens. Expect a challenging look at Canada’s nuanced political landscape!

The U.S. military is ramping up preparations for potential conflict with China, deploying missile systems in the Philippines. Historical parallels to the Cuban Missile Crisis are drawn as bipartisan warmongering targets China's growing influence. Defense Secretary Pete Hegseth's aggressive rhetoric fuels concerns of a military 'crusade,' while Trump's increase in military spending is critiqued amidst domestic austerity. The Pentagon now views China as the primary global threat, with Taiwan positioned as a pivotal factor in U.S. strategy.

Join economist Michael Hudson, known for his sharp insights on the dollar system, and economic geographer Mick Dunford, who analyzes U.S. economic challenges. They explore whether Trump's policies mark the end of dollar dominance. Topics include the dollar's declining reputation, the impact of U.S. debt on its reserve status, and rising gold prices indicating potential asset bubbles. The discussion also delves into military spending's influence on the dollar and the shifting dynamics of U.S. asset ownership in a multipolar world.

Donald Trump's tariffs are benefiting rich elites at the expense of the majority of the population, argues economist Michael Hudson. He explains how the US trade war on China is isolating the United States and encouraging countries to seek alternatives. Ben Norton hosts the interview. VIDEO: https://www.youtube.com/watch?v=jGsLDQQuzU0 Read Michael Hudson's report "Return of the robber barons – Trump’s distorted view of US tariff history": https://geopoliticaleconomy.com/2025/04/14/michael-hudson-robber-barons-trump-tariffs/ Topics 0:00 Intro 1:11 Michael Hudson highlights 2:09 Interview starts 2:41 Replacing income tax with tariffs 5:40 Government industrial policy 9:22 Reaganomics 2.0 11:29 Gilded Age 14:54 China's model 17:50 (CLIP) JD Vance calls Chinese "peasants" 18:12 Public finance 22:57 Trade war on China 25:12 (CLIP) Trump demands tribute 25:42 US attempt to isolate China 26:30 USA doesn't have many cards 28:55 Import substitution 30:16 Trump is isolating the US 34:58 US dollar system in crisis 38:03 Reindustrialization 40:06 Trump's bullying strategy 43:26 Destroying the post-WWII system 49:06 Global South vs the West 50:58 Democracy or oligarchy? 56:05 Billionaire oligarchs 56:56 Corruption 58:25 Outro

The discussion dives into the aftermath of Trump's tariffs on China, revealing unexpected exemptions for crucial electronics. It highlights China's resilience and surprising economic strength, contrasting it with the faltering U.S. industrial sector. The conversation also touches on shifting trade dynamics, emphasizing China's move towards domestic consumption and reduced dependency on exports. The narrative critiques U.S. economic policies and signals a transition toward a multipolar world, where China's influence grows amidst declining U.S. dominance.

The podcast dives into the explosive impact of Trump's 145% tariffs on China, revealing how these trade tactics may be backfiring on the U.S. economy. It discusses the consequences of economic decoupling and China's pushback against U.S. dominance. Experts analyze the volatility in the bond market, rising Treasury yields, and the widening economic divide between billionaires and the working class. The conversation also touches on the aggressive U.S. foreign policy and the potential for a new cold war.