Planet Money - Tariffs: What are they good for?
For years, mainstream economists have basically said: tariffs are not good. They are an import tax paid by consumers, they've said, and they discourage free trade, and we want more! Because free trade has broadly led to more global economic growth.
But global trade hasn't been all positive for Americans, and in the worldview of President Trump's administration, tariffs can be used to right some of those wrongs. And the U.S. has economic leverage. So if the U.S. wants to level the playing field, it should use that leverage, and use tariffs to accomplish its policy goals.
Today on the show: the case for tariffs. We talk to a lonely economist who's been sounding the alarm for years that more and free-er trade isn't always better. And we speak to economists in President Trump's orbit who make the case for how tariffs can be a potent economic and political tool.
This episode was produced by Willa Rubin and edited by Meg Cramer. It was fact-checked by Sarah McClure and engineered by James Willetts. Alex Goldmark is our executive producer.
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Reset with Sasha-Ann Simons - What To Know About The CPS, CTU Tentative Deal
Consider This from NPR - Who loses when Trump cuts funding to universities?
Four-hundred million.
One-hundred-seventy-five million.
These are just some examples of the money the federal government has withheld or is threatening to withhold from various colleges and universities, including the University of Pennsylvania, Columbia University and Harvard University.
That $8.7 billion figure was announced earlier this week by the Trump administration, which said that it's reviewing federal grants and contracts awarded to Harvard because Harvard has not done enough to curb antisemitism on campus.
Some educators say the administration's moves to cut funding at colleges and universities amounts to a war on higher education. But the loss of those funds will be felt far beyond the college campuses.
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Consider This from NPR - Who loses when Trump cuts funding to universities?
Four-hundred million.
One-hundred-seventy-five million.
These are just some examples of the money the federal government has withheld or is threatening to withhold from various colleges and universities, including the University of Pennsylvania, Columbia University and Harvard University.
That $8.7 billion figure was announced earlier this week by the Trump administration, which said that it's reviewing federal grants and contracts awarded to Harvard because Harvard has not done enough to curb antisemitism on campus.
Some educators say the administration's moves to cut funding at colleges and universities amounts to a war on higher education. But the loss of those funds will be felt far beyond the college campuses.
For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.
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Consider This from NPR - Who loses when Trump cuts funding to universities?
Four-hundred million.
One-hundred-seventy-five million.
These are just some examples of the money the federal government has withheld or is threatening to withhold from various colleges and universities, including the University of Pennsylvania, Columbia University and Harvard University.
That $8.7 billion figure was announced earlier this week by the Trump administration, which said that it's reviewing federal grants and contracts awarded to Harvard because Harvard has not done enough to curb antisemitism on campus.
Some educators say the administration's moves to cut funding at colleges and universities amounts to a war on higher education. But the loss of those funds will be felt far beyond the college campuses.
For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.
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The Daily Signal - Victor Davis Hanson: Strategy to Trump China on the World Stage
“ China is ascendant and we are static.”
President Donald Trump is right to be worried about China’s trade surplus, military expansion, influence in regions like Panama and the Arctic, and the broader global impact of its rise. Victor Davis Hanson breaks down the reasons why Trump has made maintaining dominance over China a central issue for his administration on this episode of “Victor Davis Hanson: In His Own Words.”
“He’s worried that China is intimidating countries in the Pacific and in Asia. Some of our strongest friends—Australia, South Korea, Taiwan, the Philippines, Vietnam. Saying things like, "The United States is in decline. You better cut a deal.
“ We don’t look at productivity in stocks but whether they’re politically correct or DEI and woke… The Chinese love it. We will not be competitive.”
Link to the full video in the show notes!
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State of the World from NPR - Syria Struggles to Find Unity
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The Journal. - The Fraud Trial That Became JPMorgan’s Headache
Charlie Javice sold her financial aid startup Frank to JPMorgan Chase for $175 million. But soon after the ink on the deal was dry, the bank discovered that their new acquisition was not at all what it seemed. WSJ’s Alexander Saeedy explains how a trial about fraud committed against JPMorgan resulted in the bank feeling the heat. Kate Linebaugh hosts.
Sign up for WSJ’s free What’s News newsletter.
Further Listening:
- A $175 Million ‘Huge Mistake’
- JP Morgan CEO Jamie Dimon on What’s Next for the Economy
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Motley Fool Money - Tariffs Loom, Tesla Underdelivers
“Liberation Day” has arrived.
(00:21) David Meier and Mary Long discuss:
- When we’ll know if the longer-term tariff plan is working.
- How different companies are bracing for impact.
- Tesla’s sales slump.
Then, (16:23), Fool contributor Jason Hall joins Ricky Mulvey for a look at Texas Instruments and Taiwan Semiconductor.
Companies discussed: WMT, TSLA, TXN, TSM
Host: Mary Long
Guests: David Meier, Ricky Mulvey, Jason Hall
Engineer: Dan Boyd
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