The Trade War That Never Was

Slate Money

Slate Podcasts

Investing, Business

4.3 • 988 Ratings

🗓️ 8 February 2025

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week: Trump almost started a trade war with our nearest neighbors. Felix Salmon, Emily Peck, and Elizabeth Spiers explain why Trump’s trade war with Canada and Mexico not happening is still newsworthy. Then, Felix breaks down why Trump’s plan for a US sovereign wealth fund makes no sense. And finally, Kalshi seems to have found a loophole by offering event contracts on the Super Bowl even in states where sports betting is illegal. The hosts discuss the distinctions between betting and trading futures, and how each are affected by their respective regulating entities. In the Slate Plus episode: Egg Watch 2025 gets its own episode. Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello.
0:10.0	Welcome to Slate Money, your guide to the business and finance news of the week.
0:17.1	And these days the weeks last a long time.
0:24.2	I'm Felix Ammon of Axios. I'm here with Elizabeth Spires.
0:31.0	Hello. With Emily Peck of Axios. Hi. And we are talking this week about stuff that happened on Monday and it feels like it was a year ago. But we do need to mention it. A bunch of crazy
0:37.2	happened on the trade tariff front. So we do need to mention it. A bunch of crazy happened on the trade
0:38.8	tariff front. So we're going to talk about that. We are going to talk about another crazy
0:44.2	thing that happened in the middle of all the crazy that you might not have noticed that Donald
0:47.9	Trump said that he's going to start up a sovereign wealth fund. We're going to talk about
0:53.2	whether that makes any sense. Spoider alert. No, it doesn't. We're going to talk about whether that makes any sense.
0:54.6	Spoider alert.
0:55.3	No, it doesn't.
0:56.1	We're going to talk about the Super Bowl.
0:57.4	It's the thing that's happening this weekend.
0:59.3	People will watch it.
1:00.8	One team will win.
1:02.0	You can bet on that team even if you live in Texas and sports betting is illegal.
1:07.3	We're going to talk about how you can do that and what this means for Texans. We have a mother of all slate plus segments about eggs. It's all coming up on slate
1:19.3	money. This episode is brought to you by Sun Express Airlines.
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1:43.6	Perfect for making family memories.
	...

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