Bits + Bips: Trump’s Tariffs Are Causing Mayhem, But Will They Revive U.S. Manufacturing? - Ep. 811

Unchained

Laura Shin

News, Tech News, Business News

4.5 • 1.3K Ratings

🗓️ 3 April 2025

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

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Summary

After President Donald Trump’s proud announcement of ‘Liberation Day’ tariffs, markets worldwide took a tumble. Shortly after Trump’s Rose Garden announcement concluded, James Seyffart, Steven Ehrlich, Ram Ahluwalia, and guest Quinn Thompson discussed: How markets reacted Whether tariffs can bring middle-class jobs back to America Who will end up paying the most Future possibilities of war, recession and stagflation How it all affects crypto Sponsors: Bitwise Hosts: James Seyffart, Research Analyst at Bloomberg Intelligence Ram Ahluwalia, CFA, CEO and Founder of Lumida Guests: Steven Ehrlich, High Scribe of the Unchained Kingdom Quinn Thompson, Master of Macro at Lekker Capital Links Trump Tariffs Shake Markets New York Times: A Stunned World Reckons With Economic Fallout From Trump’s Tariffs Wall Street Journal: U.S. Stock Futures, Dollar Tumble on Trump Tariff Plans New York Times: A Timeline of Trump’s On-Again, Off-Again Tariffs US Tariff History CATO Institute: The Problem of the Tariff in American Economic History, 1787–1934 Brookings: Did Trump’s tariffs benefit American workers and national security? Impact on Bitcoin and Crypto Unchained: Why Trump-Induced Stagflation Could Finally Make Bitcoin a Safe Haven Unchained: How a Radical Proposal in Trump’s World Could Hurt Stablecoins, but Boost Bitcoin The Concerned Consumer and CEO CBS: Consumer confidence slumps to 12-year low as Americans fret over their financial prospects NPR: Why CEOs are calm about tariffs in public — but 'very discouraged' in private 🤝 00:00 Introductions + Quinn’s background 📕 4:09 Trump’s take on U.S. tariff history 📉 6:11 The market’s tumultuous reaction 🏭 11:13 Will tariffs bring manufacturing back to America? ▶️◀️ 12:47 The contradictions in Trump’s policies and the threat of stagflation ⏳ 18:53 Why Trump doesn’t have as much time as he thinks 🥵 24:12 Will American consumers bear the burden? 💥 26:05 Taking a wrecking ball to market psychology ❓ 28:02 Whether Trump inherited a healthy or faltering economy 🫸 32:00 Why CEOs are hesitating and how to persuade them to invest in manufacturing ❌ 35:11 “This is not the way you go do it.” 🇹🇼 40:44 Another contradiction: Trump willing to defend Taiwan while being isolationist? 🪖 47:55 Why the current geopolitical climate is especially dangerous 😱 55:51 Is America heading for a recession? 🤔 01:02:00 How will this affect Bitcoin? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey, everyone. Thank you for supporting Unchained, where we do our best to help you stay on top of Crypto News.
0:07.0	If you enjoy the show, we'd really appreciate it if you could take a moment right now to leave us a five-star review.
0:13.5	This helps other listeners discover Unchained.
0:16.5	And who knows, you may hear me read your review on an upcoming episode.
0:21.1	CEO confidence is down. They're holding back on CAPEX decisions.
0:25.4	CapEx means investing in a factory, investing in a new plant, investing in a data center.
0:30.7	Meta said they're pulling back on data center. So everyone's paused and in their turtle
0:36.5	shell, and that is going to create a self and an own goal.
0:41.8	Yeah.
0:42.8	One question I have is how, like, what could Trump and the administration do to convince people
0:48.5	that this is now the plan?
0:50.6	Because again, I mean, one narrative that I'm seeing sort of in the air supply a little bit is that all of these tariffs are kind of a negotiating ploy to try to encourage all these countries that own U.S. debt to convert to sanctuary bonds and lower our debt burden, lower the price of the dollar, which would theoretically stimulate the U.S. export economy.
1:10.7	But then that goes
1:11.5	back to the conflicting goals of onshoreing manufacturing, but the cheaper dollar, those two
1:16.8	just, it's a yin and yang thing. So I really, like, I'm still wondering, like, I guess just
1:23.3	thinking of this conversation, like, are tariffs the end goal or does he have an even bigger angle at that point?
1:29.6	Hey, everyone.
1:30.6	Welcome to bits and bips, exploring how crypto and macro collide one basis point at the time.
1:34.4	I'm your host, James Safer, trad by Archmaister, Lord of Blumergyz.
1:38.2	I'm here with Rahmalaala, Mastor of Wealth, leader of Lumida.
1:41.7	How's it going? Also with Stephen Erlich, high scribe of the Unchained Kingdom.
1:47.3	Hi, everyone.
	...

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