The Bulwark Podcast S2 Ep1013: Mallory McMorrow and Tracy Alloway: A Self-Inflicted Crisis
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Apr 3, 2025 
Michigan State Senator Mallory McMorrow, known for her candidacy announcement for the U.S. Senate and author of "Hate Won't Win," joins Tracy Alloway, co-host of Bloomberg's "Odd Lots." They dissect the chaos and economic fallout stemming from Trump's leadership, discussing job losses in Michigan and the unpredictability of tariffs. McMorrow calls for fresh leadership to reshape the political narrative while advocating for a new American dream. Their insightful take on financial stability and community impact makes for a compelling listen.
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Tariff Calculation Method
- The reciprocal tariffs are based on trade deficits, not actual tariff rates.
- The calculation method used resulted in illogical tariff rates, like South Korea having a higher rate than Brazil despite a free trade agreement.
Long-Term Effects of Uncertainty
- Uncertainty in the markets discourages long-term investments, like building factories.
- This is similar to the housing market after 2008, where capacity hasn't been fully replaced.
Uncertainty in the Energy Sector
- Even Trump's base in the energy sector expresses uncertainty and hesitates to invest due to tariff policies.
- One supplier even considered moving production to Canada, contrary to Trump's intentions.
