Trump's tariffs make no sense, and will backfire hard on the US economy from Geopolitical Economy Report

Geopolitical Economy Report

Ben Norton

Episodes

About

Reviews

Promote

Trump's tariffs make no sense, and will backfire hard on the US economy

37 minutes Posted Apr 3, 2025 at 12:00 am.

Trump imposes heavy tariffs

(CLIP) Trump's "Liberation Day"

Trump's global trade war

(CLIP) Tariff is most beautiful world

New tariff rates

Backfiring

How the tariffs were calculated

Retaliation

Role of US dollar dominance

(CLIP) Trump on de-dollarization

(CLIP) Trump threatens BRICS

US balance of payments

Alternative to US dollar

Dumbest trade war in history

Reindustrialization

Financialization

Inflation

Coffee, fruit, & vegetables

Imports from China

Imports from Vietnam

Imports of electronics

Industrial policy

Moving tax burden from rich to poor

Outro

0:00

37:58

Download MP3

Share at current time

Show notes

In what he called "Liberation Day", Donald Trump imposed heavy tariffs on countries around the world, falsely claiming they were "reciprocal". In reality, the taxes on imports were based on the US trade deficit with other nations. Ben Norton explains how the Trump administration's economic policies are contradictory and will backfire hard on the US economy, fueling inflation while failing to re-industrialize.

VIDEO: https://www.youtube.com/watch?v=nv5ZkxQvsz8

Topics

← See all 500 episodes of Geopolitical Economy Report