4.6 • 5.4K Ratings
🗓️ 13 March 2025
⏱️ 12 minutes
🧾️ Download transcript
In this episode, Kai and Kimberly divide into the back and forth over tariffs. The on-again, off-again levies are making it tough for industries to plan and trade. With all the uncertainty, are markets — from stocks to agriculture — on the verge of becoming untradable? Plus, we’ll wryly smile at a biting, century-old song about farmers who were ticked off about tariffs. (Thanks to our listener, Robert, for sharing his rendition!)
Here’s everything we talked about today:
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0:00.0 | Jake. |
0:02.0 | God help us. |
0:07.5 | Hello, everyone. |
0:08.5 | I'm Kimberly Adams. |
0:09.4 | Welcome back to Make Me Smart, where we make today makes sense. |
0:12.5 | As best we possibly can. |
0:14.2 | I'm Kyle Rizal. |
0:14.8 | Thanks for joining us. |
0:15.4 | It is Thursday today, the 13th of March, very soon to be the Ides of March. |
0:22.4 | I don't know. That means something. I don't know what it means um Kimberly's got some audio today watch out for getting stabbed in the |
0:26.3 | back stabbed in the back there you go yeah I don't even know uh so we'll do some news we'll do a smile |
0:31.7 | and wrap it up um and and then we'll let you get on about your merry way Kimberly |
0:36.4 | Adams what do you got? |
0:44.9 | So I've got some audio I want to talk about, and specifically when it comes to tariffs and retaliatory tariffs. |
1:11.9 | So earlier this week, I did some reporting on the retaliatory tariffs that China, yes, I know there's been European retaliatory tariffs, but this is a different patch of retaliatory. China put in some retaliatory tariffs that are particularly targeting U.S. agricultural goods. Now, something that both China and the EU are doing are targeting for their retaliatory tariffs, goods that are coming from primarily red states. |
1:14.1 | So targeting agricultural goods. |
1:29.6 | The EU is targeting products that are coming, like, even when it comes down to, like, the bourbons and the jeans and all sorts of things that they know come from red states because they're trying to make this hurt particularly badly for Republicans, right? |
1:35.7 | So anyway, China puts retaliatory tariffs in place like 10 to 15 percent on U.S. farm products, |
1:38.7 | including chicken, pork, soybeans, to name a few. |
1:43.7 | J. Owen, who's a professor of business and international economy at the Harvard Business School, |
1:49.4 | gave me a really interesting example of why these tariffs matter to U.S. farmers. |
1:54.6 | I'm Chinese American. I grew up going to dim sum on Saturday and eating chicken feet. But it turns out that chicken feet are not widely demanded in the U.S. market until very recently. |
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