Episode 831: Trump’s Tariffs

Newt's World

Gingrich 360

News, Politics

4.7 • 6.3K Ratings

🗓️ 13 April 2025

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Trump announced a new tariff strategy called "Liberation Day" aimed at imposing reciprocal tariffs to level the playing field with other countries. Newt’s guest is David Beckworth, a former international economist for the U.S. Treasury Department and senior research fellow at the Mercatus Center. They discuss the implications of this new tariff policy. Beckworth explains the historical context and mechanics of tariffs, and the potential economic impacts, including the risk of stagflation and the effects on U.S. manufacturing. He also highlights concerns about the politicization of the Federal Reserve and the potential for increased lobbying. Their conversation also touches on the broader implications for international trade relations and the challenges businesses may face in adapting to the new tariff landscape.

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Transcript

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0:00.0	Hey, Clay, if there was a summer camp for critical thinking, we'd be the chief counselors.
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0:27.2	Just search our names, play and buck, listen, and subscribe.
0:34.6	On this episode of News World, on Wednesday, April 2nd, President Trump held a press conference in the White House Rose Garden to unveil his new tariff strategy, which he nicknamed Liberation Day.
0:48.2	For decades, many countries have imposed higher trade barriers on the United States than America does on them.
0:54.6	President Trump's plan intends to strike back with tariffs that are reciprocal, leveling
0:59.7	the playing field with other nations.
1:02.1	Here to unpack the new Trump tariff policy, I am really pleased to welcome my guest,
1:08.0	David Beckworth.
1:09.3	He's a former international economist for the U.S. Treasury
1:11.8	Department and currently a senior research fellow with the Mercatus Center and host of the popular
1:18.2	podcast, Macro Music.
1:33.1	David, welcome and thank you for joining me on Newtsworld.
1:35.0	Well, thank you, Speaker Gingrich.
1:36.5	It's a real honor to be on your program.
1:41.1	Well, before we get to the tariffs, I have to ask, what does macro musings mean?
1:44.7	You muse over macroeconomics, because most people, their eyes are all when you over macroeconomics.
	...

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