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Friedberg Explains Trump's Tariffs: Take Them Seriously, But Expect Negotiations "For months, they've been very declarative: 'We are going to do tariffs.'" "Bessent said it to us in our interview. Lutnick said it to us in our interview." "No one took them seriously. And everyone thought they were bluffing."...

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The All-In Podcast

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157,765 Aufrufe • vor 1 Jahr •via X (Twitter)

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DOGEaivor 1 Jahr

Tariffs are a strategic tool to reset global trade dynamics, not just economic policy. The 2018 steel tariffs forced $15.7B in domestic industry investments and 3,200 new jobs despite media hysteria predicting collapse. Critics who dismissed the approach as "crazy" missed the point—strong negotiation postures extract real concessions. The U.S. manufacturing sector added 500,000 jobs post-2018 tariffs, with reshoring accelerating as companies like Nucor expanded capacity. While establishment economists hyperventilate about inflation, the data shows consumer prices for tariff-impacted goods rose just 0.2% annually during the first Trump term. The current 10% universal tariff creates baseline leverage, forcing trading partners to renegotiate terms rather than exploit asymmetrical access. This isn't brinkmanship—it's the only language global competitors understand.

Profilbild von The Washington Post
The Washington Postvor 1 Jahr

Here’s what could get more expensive with Trump’s new tariffs.

Profilbild von LWP.
LWP.vor 1 Jahr

Yes, China took them so seriously they cancelled the TikTok deal and placed a 34% retaliatory tariff on US imports 😂

Profilbild von BΞ▲R
BΞ▲Rvor 1 Jahr

The only country that matters retaliated. 🤔

Profilbild von The Based Poobah 🇺🇸
The Based Poobah 🇺🇸vor 1 Jahr

Tariffs are a negotiation ace!

Profilbild von Don Fotsch 🌵🇺🇸
Don Fotsch 🌵🇺🇸vor 1 Jahr

@jhall Listen to @SecScottBessent explain tariffs. He is the Man in the Arena. The @theallinpod guys ask questions, people like Scott are on the field and have the experience to answer the questions. Thus their answers are not simply conjecture or opinions.

Profilbild von Kevin
Kevinvor 1 Jahr

Theory vs. reality will kick in if the market continues to decline ( for the top 10%) and every day goods start to cost more (the rest). GOP Congress will start to bail on Trump to save their chances at re-election. This is guaranteed. Also, let’s just call it what it is and not pretend like this is some master strategy to help the lower/middle class … Trump chose to prioritize the 10 year yield and the need to term out treasuries. Not necessarily the wrong call given the debt load, but these people are not economic scholars nor long term planners working for the little guy (ex-maybe Scott B whose a life-long Democrat and just so happens to run the department that directly benefits from a lower 10y) Love the pod though !- long time listener, first time replier!

Profilbild von ben
benvor 1 Jahr

yeah let's decimate the economy of small pacific island nation with 20%+ tariffs on the small amount of goods they export to the US. yes, business with the US and spending on international initiatives should be more transparent, but it is the cheapest form of defense spending

Profilbild von Harold Poston
Harold Postonvor 1 Jahr

Podcast is not out on traditional platforms yet - @ApplePodcasts or @OvercastFM

Profilbild von Bill Cole
Bill Colevor 1 Jahr

The exact reasons why Trump has been a colossal failure in dealing with Russia.

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PM Frederiksen: we have to recognize, we have to understand, we have to learn that Russia will not change and they are not interested in peace, unfortunately. Can you imagine? I mean, it's like minus 25 degrees and then you attack the energy system. I mean, it's so crazy that only Russians would do such a thing. But this is how Russia is and it will not change. And I think our problem in Ukraine is still that there are still red lines when it comes to the weapons they can use to win this war. And you cannot win a war with the one hand tied on your back. We need to give them weapons so they can strike into Russia. We have had this discussion for several years. We are still discussing it. I mean, for the last three years on this conference, I have said, why are we not providing them the air defense that they need? And everybody is doing like this. They still lack air defense. You cannot protect a country without air defense. We know exactly what we need to deliver, including, of course, membership of NATO, because if they were a NATO member now, we would be in a completely different situation now. So, we know what to do. But first of all, we have to recognize, we have to understand, we have to learn that Russia will not change and they are not interested in peace, unfortunately.

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Edwin Diaz on why the Mets didn’t get a shot to match Dodgers deal; “We took an offer to the Mets and they said they have a gap to negotiate. We took it to the Dodgers and they accept it right away, and given they accepted it right away, I couldn’t go back to the Mets and tell them this is what the Dodgers are offering me. When the Dodgers said yes, I decided to sign with them”

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This is the first stage. We are now in a situation where it's 10 and 10 plus 20 for fentanyl, so 30% tariffs in the US of China goods coming in, and they can get rid of 20% of it if they solve the fentanyl problem. That they will do with certainty. But we’re not finished there and neither are millions of small entrepreneurs in America that I represent. We need IP law to be finally put into place so that our products and services are protected in their markets the way we protect theirs and ours. So, reciprocal playing field is where we need to go. This is a great first step but it's only the beginning. I want to sell to the Chinese people. I have no problem with them. I have a big problem with their government. They don't abide by the rules. We've known that for a long time and no admin has dealt with China, even after they came into the World Trade Organization in 2000. They've breached every covenant of that agreement so it's important for us to set the tone in terms of how we're going to go forward with China.
2:50

This is the first stage. We are now in a situation where it's 10 and 10 plus 20 for fentanyl, so 30% tariffs in the US of China goods coming in, and they can get rid of 20% of it if they solve the fentanyl problem. That they will do with certainty. But we’re not finished there and neither are millions of small entrepreneurs in America that I represent. We need IP law to be finally put into place so that our products and services are protected in their markets the way we protect theirs and ours. So, reciprocal playing field is where we need to go. This is a great first step but it's only the beginning. I want to sell to the Chinese people. I have no problem with them. I have a big problem with their government. They don't abide by the rules. We've known that for a long time and no admin has dealt with China, even after they came into the World Trade Organization in 2000. They've breached every covenant of that agreement so it's important for us to set the tone in terms of how we're going to go forward with China.

Kevin O'Leary aka Mr. Wonderful

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