President Trump is proposing a $1.5 million levy on Chinese-built ships that enter US harbors. Since a majority of cargo ships have been produced by Chinese shipyards, the costs would be substantial. This action also would damage US exports, yet another unintended consequence of US policies.
The Federal Trade Commission has fined the makers of the video game Fortnite more than $500 million ostensibly for violations that have no legal basis. This is yet another case of the feds shaking down producers in the name of “consumer protection.”
Private equity is a risky business. There are high-highs and low-lows. A retirement plan, on the other hand, is meant to be a reliable beast. But President Trump believes your 401(k) can handle it! On today's show, the president's expected executive order could help offer some legal cover for fund managers who include private equity in your retirement portfolio. What are the risks and benefits?
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Friday is President Donald Trump’s alleged tariff deadline, the day when dozens of countries either have to reach a new trade deal with the U.S. or face the possibility of sky-high duties on their imported goods. Even an island mostly inhabited by penguins won’t be spared from the president’s economic demands. And while Trump has announced deals with major trading partners like the European Union and Japan, there are still a ton of unanswered questions about what comes next — hell, even what’s happening now! To help us understand what’s going on, and what we can expect come August 1st, we spoke with Alex Jacquez, chief of policy and advocacy at the progressive think tank Groundwork Collaborative. He also served as an economic policy advisor for former President Joe Biden and Independent Vermont Sen. Bernie Sanders.
And in headlines, British Prime Minister Keir Starmer said the United Kingdom would recognize a Palestinian state in September if Israel doesn’t reach a ceasefire agreement with Hamas, the head of the Environmental Protection Agency announced plans to gut the agency’s own ability to regulate greenhouse gases, and a group of states sued the Trump administration over it’s demands for state data on food stamp recipients.
As Trump came back to the presidency, one of the first warnings liberals began repeating was “Do not obey in advance.” But from government-agency heads to university presidents to news organizations, people are opting to simply leave their jobs, rather than do the uncomfortable work of standing up to authoritarianism.
Want more What Next? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and across all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now at slate.com/whatnextplusto get access wherever you listen.
Podcast production by Ethan Oberman, Elena Schwartz, Paige Osburn, Anna Phillips, Madeline Ducharme, and Rob Gunther.
As Trump came back to the presidency, one of the first warnings liberals began repeating was “Do not obey in advance.” But from government-agency heads to university presidents to news organizations, people are opting to simply leave their jobs, rather than do the uncomfortable work of standing up to authoritarianism.
Want more What Next? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and across all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now at slate.com/whatnextplusto get access wherever you listen.
Podcast production by Ethan Oberman, Elena Schwartz, Paige Osburn, Anna Phillips, Madeline Ducharme, and Rob Gunther.
The White House is boasting about a new trade “deal” with the EU. But every supposed benefit that comes from the agreement applies only to a small subset of the country while leaving the American public, as a whole, worse off.
Once he took office, Trump continued Biden‘s policy of massive arms shipments to Israel. Trump even sent American bombers to attack Iran‘s nuclear facilities.