The Jacob Shapiro Podcast

🇺🇸 Liberation Day 🇺🇸

Apr 2, 2025
Rachel Ziemba, founder of Ziemba Insights and a professor at NYU, dives into the intricate world of trade and political economy. She discusses the impact of tariffs on businesses and the complexities surrounding U.S. foreign policy, particularly regarding Russia and Venezuela. The conversation highlights the challenges of navigating current economic landscapes, including the role of Congress in tariff decisions and the implications for global trade dynamics. Ziemba emphasizes the need for innovative strategies amidst the ever-changing geopolitical climate.
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ANECDOTE

Client Concerns

  • Jacob Shapiro notes clients express inability to act due to policy uncertainty.
  • Businesses need clarity, which the current environment lacks.
INSIGHT

Tariffs as a Universal Tool

  • The current US administration seems to view tariffs as a solution to all problems.
  • Multiple overlapping goals for tariffs further complicate the situation.
INSIGHT

Congress Reclaiming Tariff Power

  • Jacob Shapiro questions if Congress will reclaim its constitutional power over tariffs.
  • This could happen if the situation remains chaotic and impacts midterm elections.
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