👑🚧📉 Brooks and Capehart on Trump’s tariffs and reaction from the markets
🤖 AI Summary
🎢 The markets experienced a roller coaster week due to the Trump administration’s on-again, off-again tariffs policy [00:12].
🚫 There’s no real strategy behind the tariffs, and 🥺 Trump blinked when he saw the markets tanking [00:38].
🏭 The original tariff policy was to restore manufacturing, but 💰 the current regime seems to be about corruption, with tariffs amassing political power over the economy 🏛️[01:51].
🎯 Focusing on China and 📈 implementing predictable tariff policies could be defensible [02:56].
🇨🇳 China is better at manufacturing, and 🚫 tariffs are not the solution [03:29].
📢 Trump’s messaging encouraging people to buy into the market dip should be investigated for potential 🚨 corruption [03:42].
⚖️ Trump’s actions include using legal resources to target political enemies 🎯 [07:02].
🛂 The administration is cracking down on both illegal and legal immigration 🚫 [08:37].
🤔 The immigration strategy seems to target anyone the president doesn’t think belongs in the country 🌍 [08:59].
🎭 Some immigration actions are for show, while others demonstrate a clear 👿 viciousness [10:21].
👨👩👧👦 Trump’s actions verge on patrimonialism, attempting to turn the government into a family business 💼 [07:31].
📚 Book Recommendations
For understanding tariffs and trade wars:
Trade Wars Are Class Wars: How Trade Policy Divides America and the World by Matthew C. Klein and Michael Pettis.
For insights into potential corruption and abuse of power: