E338. Trump’s Tariff Gamble: Genius Move or Economic Disaster? - Carol Roth

Walk-Ins Welcome with Bridget Phetasy

Conversations with people from all walks of life.

Society & Culture, Comedy Interviews, Comedy, News, News Commentary

4.8 • 1.3K Ratings

🗓️ 15 May 2025

⏱️ 83 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Carol Roth returns for a breakdown of Trump’s tariffs and a nuanced examination of America’s economic challenges. She and Bridget discuss the tariffs’ disproportionate impact on the 35 million small businesses in the US, the alarming debt-to-GDP ratio that has reached unsustainable levels, the truth about American companies with overseas supply chains, the prevailing misconceptions about tariffs, and why a precision approach to the tariffs would have been much better. They discuss the realiti...

Transcript

Click on a timestamp to play from that location

0:00.0	Okay, I'm with Carol Roth, everybody. Welcome back to Walkins. Welcome. I'm so glad to be here. It has been a little while. I haven't had anything to promote, so I haven't been talking to anyone, but here I am. You should be talking to more people, though, because I feel like you're the only person who has any insight into what's going on we we cover a lot of this stuff
0:24.7	on dumpster fire as not experts like tariffs specifically we just we don't cover it we're we're
0:32.1	always like we're not covering this because we don't understand it but i don't know that anyone
0:37.3	understands it.
0:38.3	Even people who have a better understanding than me.
0:41.3	It seems like even all the smart people I know aren't exactly sure
0:46.3	what the rhyme or reason is for a lot of these decisions.
0:50.3	So can you just kind of explain?
0:57.1	I mean, do you, is there a game theory to these tariffs?
1:02.9	Well, first of all, I'm going to say that not understanding tariffs has not stopped everybody and their brother to talking about them.
1:05.8	So, you know, got a lot of information out there.
1:11.5	So I'm going to just take a step back and say that, first of all, we have a really tough fiscal situation that was handed from the Trump, from the Biden administration to the Trump administration.
1:25.5	And it was, even though there was a lot of optimism that you would
1:29.5	get Trump in there to change the route of things, one of the things I had been saying is that
1:35.1	there were these economic tripwires or somebody called them booby traps when I said tripwires,
1:41.3	which is maybe a better name around the economy, because we have debt
1:46.1	to GDP that is completely unsustainable. We have north of 120% debt to GDP, which doesn't mean
1:54.3	anything to the lay person. But basically, if we were an emerging market country, we would be in
2:00.3	crisis. The only reason we're not in crisis
2:02.3	is because we have the world's reserve currency and the world's trading currency. The IMF,
2:08.1	the Treasury, a bunch of folks have said that it really becomes unwieldy at 70 to 80%. So if
2:15.3	you think about that, we're about double what we should be in terms of debt to GDP.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Conversations with people from all walks of life., and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Conversations with people from all walks of life. and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.