In President Donald Trump's telling, tariffs are the political equivalent of duct tape: you can use them to fix anything.
For example, they're a negotiating tool — he used the threat of tariffs to pressure Canada and Mexico to implement border policies he liked. He also sees tariffs as a revenue source that might help offset his proposed $4.5 trillion in tax cuts and as a shield to protect American manufacturing jobs from overseas competition.
With all of these potentially conflicting aims, and with another major round of tariffs expected to be announced on Wednesday, what is the strategy behind them?
Rana Foroohar, a Financial Times columnist and the author of Homecoming: The Path to Prosperity in a Post-Global World, says they're an "experiment" that could lead to a big change in the way the global economy works.
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Consider This from NPR - Trump is betting the economy on his tariff theory
In President Donald Trump's telling, tariffs are the political equivalent of duct tape: you can use them to fix anything.
For example, they're a negotiating tool — he used the threat of tariffs to pressure Canada and Mexico to implement border policies he liked. He also sees tariffs as a revenue source that might help offset his proposed $4.5 trillion in tax cuts and as a shield to protect American manufacturing jobs from overseas competition.
With all of these potentially conflicting aims, and with another major round of tariffs expected to be announced on Wednesday, what is the strategy behind them?
Rana Foroohar, a Financial Times columnist and the author of Homecoming: The Path to Prosperity in a Post-Global World, says they're an "experiment" that could lead to a big change in the way the global economy works.
For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.
Email us at considerthis@npr.org.
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For example, they're a negotiating tool — he used the threat of tariffs to pressure Canada and Mexico to implement border policies he liked. He also sees tariffs as a revenue source that might help offset his proposed $4.5 trillion in tax cuts and as a shield to protect American manufacturing jobs from overseas competition.
With all of these potentially conflicting aims, and with another major round of tariffs expected to be announced on Wednesday, what is the strategy behind them?
Rana Foroohar, a Financial Times columnist and the author of Homecoming: The Path to Prosperity in a Post-Global World, says they're an "experiment" that could lead to a big change in the way the global economy works.
For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.
Email us at considerthis@npr.org.
Learn more about sponsor message choices: podcastchoices.com/adchoices
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The Gist - David Pakman Calls Out Right-Wing Lies—and Is Challenged on the Left’s Spin
On this, the eve of “Liberation Day,” as key House and judicial races loom, we're joined by David Pakman to discuss his new book, The Echo Machine: How Right-Wing Extremism Created a Post-Truth America. Pakman argues that conservative media and politicians have constructed a parallel reality that undermines Americans’ ability to think critically. But Pakman is also pressed on whether certain narratives on the left are similarly misleading, and if so, how much they contribute to the broader erosion of public trust.
Produced by Corey Wara
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State of the World from NPR - China’s Global Electric Vehicle Boom
Sales of electric vehicles worldwide have been growing and the largest manufacturer of EVs is China's BYD. Their global revenue was over $100 billion in 2024, beating Tesla. To keep up that growth and to try to stave off the pain of U.S. tariffs, BYD is expanding in emerging markets. One of the markets where their cars are selling big is Brazil, where BYD is investing nearly a billion dollars in a factory. But as our Brazil correspondent tells us there have been some difficulties along the way.
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The Daily Signal - Victor Davis Hanson: The Left Couldn’t Throw Trump in Jail. Marine Le Pen Wasn’t So Lucky
Is Europe really the “stalwart” of democracy?
While the radical Left in America failed to imprison President Donald Trump, their Europeans counterparts are having a successful time prosecuting their political enemies, argues Victor Davis Hanson on today’s edition of “Victor Davis Hanson: In His Own Words:”
“Europe is copying the lawfare of the United States. Remember that Letitia James, Alvin Bragg, Fani Willis, Jack Smith, and E. Jean Carroll, in civil and criminal suits, for four years tried to destroy Donald Trump. And they had over $400 million in fines that were leveled at one point. And there were 91 felony indictments…
“Ms. Le Pen, the head of the most conservative party in France, who has got enormous momentum. Enormous momentum, because, of the violence of radical Islamic groups, inside France. The open borders, the dissatisfaction with the blank check, given Ukraine, etc., I could go on and on…
“[The high court] said that she had expropriate funds, campaign funds. In other words, that she was blending—does this sounds familiar—blending her own campaign with funds allotted from the European Union, for other purposes. In other words, there was a difference—a distinction without a difference.
“In other words, they only applied this law to her because they were terrified she was going to win, in the next presidential election.”
Watch the full epsiode now! Link in show notes.
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The Journal. - He Revived Barbie. Now He’s Turning Around Gap
Gap Inc. was once the king of mall-brand fashion. In recent years though, its Gap, Old Navy, Banana Republic and Athleta chains have been outmaneuvered by discount stores like Target and fast-fashion brands like Zara and Shein. Ryan Knutson speaks with the new CEO Richard Dickson who is translating his previous experience resurrecting the Barbie brand into a new era for the iconic clothing seller.
Further Listening:
- Rent the Runway’s CEO on How it Survived the Pandemic
- Shein: Fast Fashion, Slow IPO
- How Target Got Off Target
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You're Wrong About - Hoax Memoir Spectacular!
This week, flim flam correspondent and certified April Fool Chelsey Weber-Smith is here to talk about a fistful of fake memoirs, featuring girls raised by wolves; the chicken pox of James Frey; what poetry can give us that memoir can't; and Eugene, Oregon (twice!).
Read more about it here:
The Smoking Gun's "A Million Little Lies" https://www.thesmokinggun.com/documents/celebrity/million-little-lies
Blake Eskin's "The Girl Who Cried Wolf" https://www.bostonmagazine.com/2008/08/18/the-girl-who-cried-wolf-a-holocaust-fairy-tale/
Michelle Dean's "Opal Whiteley's Riddles" https://www.newyorker.com/books/page-turner/opal-whiteleys-riddles
Christopher L. Miller's Impostors https://press.uchicago.edu/ucp/books/book/chicago/I/bo29203296.html
Listen to Chelsey's podcast American Hysteria:
https://podcasts.apple.com/us/podcast/american-hysteria/id1441348407
Support You're Wrong About:
Bonus Episodes on Patreon
Buy cute merch
Where else to find us:
Sarah's other show, You Are Good
Links:
http://patreon.com/yourewrongabout
https://www.teepublic.com/stores/youre-wrong-about
https://www.paypal.com/paypalme/yourewrongaboutpod
https://www.podpage.com/you-are-good
Cato Daily Podcast - Tribalism is Dumb: Where It Came from, How It Got so Bad, and What to Do About It
It's become easier to hate those with whom we disagree on matters of policy and politics, and our ideological tribes insulate us from thoughtful challenge. Andrew Heaton hopes to help you navigate a coarsening culture with his book, Tribalism is Dumb.
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Reset with Sasha-Ann Simons - Chicago Wants City Rats to Take Birth Control
In 2024, Chicago was named the rattiest city in the US by Orkin Pest Control for the TENTH year in a row. The city’s budget for its ‘Bureau of Rodent Control’ is almost $15 million annually. And they’re trying something new. Starting in [[[]]], bait boxes with rat ‘birth control’ will be placed in alleys throughout Wicker Park and Bucktown to try to curb the growth of rat populations. Reset checks in with Quinn Myers of Block Club Chicago to learn more about the program.
For a full archive of Reset interviews, head over to wbez.org/reset.
Motley Fool Money - Are Investors Leaving U.S. Stocks?
The market is waiting for more clarity on tariffs. Fund managers are already making moves.
(0:21) Bill Barker and Ricky Mulvey discuss:
- How the market could react to tariff liberation day.
- The impact from current tariffs for Harley Davidson.
- If the motorcycle manufacturer is a value trap.
- OpenAI’s funding round, valuing the hybrid non-profit at $300 billion.
Then, (17:08) Alison Southwick and Robert Brokamp discuss how to recession-proof your finances.
Companies discussed: HOG, OTC: SFTBY
Host: Ricky Mulvey
Guests: Bill Barker, Robert Brokamp, Alison Southwick
Producer: Mary Long
Engineers: Dan Boyd, Rick Engdahl
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