#MRMARKET: TARIFFS COST MANUFACTURING JOBS. VERONIQUE DE RUGY, MERCATUS
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 4 April 2025
⏱️ 9 minutes
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| 0:00.0 | This is CBS. I on the world. I'm John Batchelor. Liberation Day yesterday. I welcome |
| 0:10.3 | Veronique de Rijia of the Mercator Center at George Mason University, writing on Liberation |
| 0:15.4 | Day 24 hours ago. And now we have announcements in all directions and the first day of reaction in the world |
| 0:22.9 | markets. You could sum it up by saying nobody's happy. Verenaic, a very good evening to you. |
| 0:30.2 | The unhappiness now is going to have one explanation as to where this is going, because we had a bad |
| 0:35.8 | first day. You point out in your essay yesterday that the U.S. is not and never has been chumps taken advantage of. |
| 0:48.1 | It's an all-powerful state. |
| 0:51.2 | And now that we've had the announcements from the White House, |
| 0:54.3 | do you measure that the White House understands that, the power of the U.S.? |
| 0:58.5 | Good evening to you. |
| 1:00.0 | Good evening, John. |
| 1:01.2 | No, I mean, I think the White House has a very, like, there's a profound contradiction |
| 1:08.6 | internally in the White House. |
| 1:11.7 | On one hand, they know they can flex their muscle, which means that they understand they're a powerful country, rich country, a country that other countries need. |
| 1:26.2 | It's an enormous consumer market. It's an enormous consumer market. |
| 1:28.7 | It's an enormous financial market. |
| 1:32.3 | It's an enormous everything, right? |
| 1:34.2 | It's important for defense. |
| 1:36.8 | It's important for all sorts of things. |
| 1:39.3 | And yet, the rhetoric is as if somehow we need to do this because that's the only way for us to get rich |
| 1:48.2 | and for wealth to grow and for us to prosper. |
| 1:51.5 | In fact, that's what the president said yesterday. |
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