Geopolitical Economy Report
Geopolitical Economy Report
Ben Norton
Trump's tariffs hurt the US much more than China - Economist Michael Hudson explains
58 minutes Posted Apr 20, 2025 at 12:00 pm.
Intro
Michael Hudson highlights
Interview starts
Replacing income tax with tariffs
Government industrial policy
Reaganomics 2.0
Gilded Age
China's model
(CLIP) JD Vance calls Chinese "peasants"
Public finance
Trade war on China
(CLIP) Trump demands tribute
US attempt to isolate China
USA doesn't have many cards
Import substitution
Trump is isolating the US
US dollar system in crisis
Reindustrialization
Trump's bullying strategy
Destroying the post-WWII system
Global South vs the West
Democracy or oligarchy?
Billionaire oligarchs
Corruption
Outro
0:00
58:49
Download MP3
Show notes
Donald Trump's tariffs are benefiting rich elites at the expense of the majority of the population, argues economist Michael Hudson. He explains how the US trade war on China is isolating the United States and encouraging countries to seek alternatives. Ben Norton hosts the interview.
VIDEO: https://www.youtube.com/watch?v=jGsLDQQuzU0
Read Michael Hudson's report "Return of the robber barons – Trump’s distorted view of US tariff history": https://geopoliticaleconomy.com/2025/04/14/michael-hudson-robber-barons-trump-tariffs/
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