What will the impact be now that the U.S. has one of the highest tariff rates in the world? Topics covered include: Show Notes The economic consequences of Mr Trump – looking for clarity in the tariffs chaos by Neil Shearing—Capital Economics Tariff rate, most favored nation, simple mean, all products (%)—World Bank Group Donald Trump’s tariffs will fix a broken system by Peter Navarro—The Financial Times DHL Global Connectedness Tracker—DHL Objective Knowledge: An … [Read more...]
516: What Trump Wants Part 2 – How Trade Deficits and Capital Flows Can Harm or Help Countries
How trade deficits are making the U.S. poorer, while in the past they have made the U.S. wealthier. Topics covered include: Show Notes Why U.S. Debt Must Continue to Rise by Michael Pettis—Carnegie Endowment Could Trump devalue the dollar with a "Mar-a-Lago Accord"? by Paul Diggle and Luke Bartholomew—Aberdeen Investments A User’s Guide to Restructuring the Global Trading System by Stephen Miran—Hudson Bay Capital Is Peter Navarro Wrong on Trade? by Michael … [Read more...]
515: Tariffs and the Mar-a-Lago Accord: What Trump Really Wants
How the Trump administration is using tariffs as a negotiating tool to weaken the U.S. dollar and increase the global competitiveness of U.S. manufacturers. Topics covered include: Show Notes Stock Market News, March 10, 2025: Nasdaq Falls 4% After Trump Doesn't Rule Out Recession by Caitlin McCabe and Krystal Hur—The Wall Street Journal Trump Says US Economy Faces ‘Transition,’ Avoids Recession Call by María Paula Mijares Torres—Bloomberg Is the U.S. Heading for a … [Read more...]
427: Did the Tariffs Work? The Trade War Five Years Later
What has been the impact on trade and the trade deficit since the U.S. implemented tariffs on steel, aluminum, and goods made in China? Topics covered include: Show Notes The ‘ship backup has ended’ at Los Angeles, Long Beach ports by Alejandra Salgado—Supply Chain Dive America’s Trade Deficit Surged in 2022, Nearing $1 Trillion by Ana Swanson—The New York Times Industry study tracks China tariffs’ added costs to importers and consumers by Ben Unglesbee—Supply Chain … [Read more...]
Is A Dollar Collapse Coming?
Will stagflation cause the dollar to crash and be a bottomless pit when the next recession hits? That is what Peter Schiff is predicting. We look at where he is right and where he seems to be off the mark when it comes to the U.S. economy and a dollar collapse. In this episode you’ll learn: Is an economic recession overdue? Why running ongoing trade deficits leads to higher private sector debt balances. Why interest rates and savings is not too low. Why the U.S. … [Read more...]
212: Trade Wars Increase Prices and Poverty
How a complex global trade system has reduced poverty, raised incomes, increased productivity, and lowered prices while a trade war will reverse those trends. In this episode you’ll learn: Why does the U.S. run such a huge trade deficit with China. What has the U.S. tariff rate on imports been historically. How global trade decreased poverty. Why there are both good and bad unintended consequences. How businesses adapt to tariffs. Show Notes The Power Economy by John Oliver … [Read more...]
195: Has A Trade War Begun?
Why duties and other actions are necessary to address trade disputes, but across the board tariffs are a blunt instrument that can lead to a devastating trade war and global recession. In this episode you’ll learn: Show Notes ‘Trade Wars Are Good,’ Trump Tweets - Wall Street Journal Trump’s Tariffs Prompt Global Threats of Retaliation - New York Times The Effect of Imports of Aluminum on the National Security - U.S. Department of Commerce Section 232 Historical … [Read more...]
144: Trade Deficits Aren’t Always Bad. Trade Wars Are.
What causes trade deficits and how they can both help and hurt a country's economy. In this episode you'll learn: Show Notes Video of cleaning the beach in Tulum, Mexico Analysis of Trump's Economic Plan by Peter Navarro Gross Domestic Product = Consumption + Investment + Government Spending + Exports - Imports Trump's Trade Chief Makes A Rookie Mistake - Noah Smith Is Peter Navarro Wrong On Trade - Michael Pettis Wonderland: How Play Made the Modern World by … [Read more...]
