Raging Moderates with Scott Galloway and Jessica Tarlov The Art of the Trade War
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Apr 15, 2025 Scott and Jessica dissect the turmoil surrounding Trump's trade policies, spotlighting his recent pause on tariffs that rattle global markets. They delve into the political drama in Congress, questioning whether deep Medicaid cuts and tax extensions betray Republican voters. Additionally, they cover the alarming deportation crackdown that adds undocumented immigrants to a federal 'death' list, igniting a legal clash with El Salvador. It’s a compelling mix of economic uncertainty, policy critique, and human impact.
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Reasons for the Pause
- Scott Galloway believes Trump's tariff pause was influenced by concerning economic data and market manipulation by China and Japan.
- The increased tariffs, exceeding even Smoot-Hawley levels, are causing significant disruption for businesses.
Business Impacts
- Scott Galloway shares anecdotes about a homeware CEO facing unexpected tariffs and a fraternity brother's struggling business.
- He highlights the negative impact on businesses, hiring, and the economy.
Manufacturing Challenges
- Trump's plan to bring manufacturing back to the US faces challenges due to lack of interest from American workers and a shift towards professional services.
- Jessica Tarlov highlights the nostalgia for manufacturing jobs but acknowledges the unlikelihood of their return.