4.4 • 1.2K Ratings
🗓️ 27 November 2024
⏱️ 19 minutes
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The right approach to tariffs could rebuild American manufacturing and reshape the political landscape…
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0:31.9 | Can Democrats turn Trump's trade war into an economic revival? |
0:42.7 | The Sturman drag all over the media this week is about Trump on Monday doubling down on his tariffs saying that he'd impose across the board 25% tariffs on goods from China, Mexico, and |
0:49.3 | Canada until there's no more fentanyl or undocumented immigrants and asylum seekers coming into the U.S. |
0:56.2 | That's a pretty substantial lift. |
0:58.4 | And if he follows through with the threat, which seems likely, |
1:01.3 | although I'd bet money that he'll drill lots of holes in those tariffs to satisfy corporate donors, |
1:06.7 | it'll cause a considerable disruption in American commerce. |
1:10.5 | Those three countries, after all, account for more than 40% of all-American trade. |
1:16.3 | Weirdly, Trump may be doing the Democrats a favor by taking this position, and I don't mean |
1:20.8 | the possibility that he'll wreck the economy and thus his party's chances in 2026 and |
1:26.0 | 2028, although that's real, too. |
1:29.4 | Tariff-free trade was a central cornerstone of Reagan's neoliberal agenda. |
1:33.8 | He and Bush wrote the NAFTA agreement that Clinton later signed, for example. |
1:38.0 | I lay this out considerable detail in the hidden history of neoliberalism, |
1:42.3 | how Reaganism gutted America, my book. |
1:46.4 | Tragically, Bill Clinton and his Larry Summers Robert Rubin crew embraced neoliberalism with |
1:51.7 | gusto, putting the final nail in the meaningful use of tariffs to protect American manufacturing |
1:57.5 | and the jobs associated with it. |
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