The Trade War Escalates
What Next | Daily News and Analysis
Slate Podcasts
4.3 • 2.4K Ratings
🗓️ 14 May 2019
⏱️ 17 minutes
🧾️ Download transcript
Summary
Monday marked another escalation in the trade war with China. And yes, even by the academic definition, our guest says this is a full-blown trade war. Who’s feeling the effect most, and how is the administration handling the fight it began with the world’s second biggest economy? Plus, how are the politics of tariffs playing out for Trump?
Guest: Jordan Weissmann, senior writer at Slate
Podcast production by Mary Wilson, Jayson De Leon, and Ethan Brooks.
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | Hey, everyone. Before you jump into the show today, just a quick heads up. What next is about to have our first live show? I am super pumped. I would love to see you there. It's in New York City on June 8th. That's a Saturday. I'm going to be talking to comedian Wyatt Sannack. I'm also going to be talking to New York public advocate, Jamani Williams. We're doing this in the |
| 0:21.0 | morning because, you know, that's when our show comes out. We're going to have coffee. We're going to |
| 0:25.2 | hang out and we're going to record a couple of shows. It's going to be fun. Tickets are at slate.com |
| 0:30.8 | slash slate day 2019. That is slate.com slash slate day 2019. All right. Here's the show. |
| 0:43.1 | On Monday morning, Donald Trump woke up on fire. Enfuego. Enfuego. He just woke up and started tweeting. |
| 0:53.8 | It was a flurry. It was totally a flurry. He's mostly about tariffs. Wait, did you ever play? He just woke up and started tweeting. You get a lot. |
| 0:54.2 | It was a flurry. |
| 0:55.1 | It was totally a flurry. |
| 0:56.2 | He's mostly about tariffs. |
| 0:57.7 | Did you ever play NBA jam like back in the day? |
| 1:00.9 | Like, you know, like when you had the ball and you were just like on fire and you'd like dunk it and like it just flames burst every like you were unstoppable. |
| 1:08.9 | That was Donald Trump on Twitter talking about |
| 1:10.9 | tariffs. This threat about tariffs, it was kind of defensive. That's because at the end of last |
| 1:17.9 | week, the president announced he planned to tax almost all Chinese goods at a rate of 25%. That is high. |
| 1:27.2 | Even one of Trump's economic advisors admitted the cost of this policy |
| 1:30.9 | would be passed right along to American consumers. It's not China that pays tariffs. It's the |
| 1:38.6 | American importers, the American companies that pay what in effect is a tax increase and oftentimes passes it on to U.S. consumers. |
| 1:47.3 | Fair enough. In fact, both sides will pay. Both sides will pay. |
| 1:51.2 | Well, so here's where I'm confused, though. |
| 1:52.7 | Yeah. |
| 1:52.9 | Donald Trump tweets, there's no reason for U.S. consumers to pay tariffs. |
| 1:57.8 | Yeah, that's wrong. |
... |
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