4.7 • 1.5K Ratings
🗓️ 8 April 2025
⏱️ 53 minutes
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Jason Wade of the UAW explains the union’s endorsement of Trump’s auto tariffs. Sam Gindin, former long-time adviser to what used to be known as the Canadian Autoworkers Union and the author of a recent article for nonsite.org, takes a look at the issues obscured by the tariff controversy.
Behind the News, hosted by Doug Henwood, covers the worlds of economics and politics and their complex interactions, from the local to the global. Find the archive online: https://www.leftbusinessobserver.com/radio.html
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0:00.0 | The |
0:07.0 | The Hello and behind the news. My name is Doug Henwood. a return to normalcy in this world of derangement today. |
0:39.5 | Two guests and two segments, though with a single organizing concept, tariffs. |
0:44.2 | Jason Wade of the UAW will explain the union's support of Trump's auto tariffs, and Sam Gindon, |
0:49.1 | an economist who is a long-time advisor to the Canadian auto workers union, |
0:52.6 | will explore how tariffs obscure more important |
0:54.9 | issues and what Trump means for the American Empire. Both these interviews are recorded on Tuesday |
1:00.5 | morning before Trump announced his array of tariffs on Wednesday. Defending them, Trump made a |
1:05.7 | typically ludicrous statement. In 1913, for reasons unknown to mankind, they established the income tax so that citizens |
1:13.2 | rather than foreign countries would start paying the money necessary to run our government. |
1:17.3 | Then in 1929, it all came to a very abrupt end with a Great Depression, and it would never have |
1:22.2 | happened had they stayed with a tariff policy. That's the end of Trump's gem. It's not easy to sort all this out, but one, why should foreign countries pay to run our government? |
1:31.8 | Two, foreign countries don't pay tariffs, we do. |
1:34.8 | Three, tariffs produced only modest revenues, and an income tax, aside from somewhat equalizing |
1:40.0 | the distribution of income, was one of the better ways to fund a modern state. |
1:44.0 | Four, the notorious |
1:45.1 | Smoot-Hawley tariff was enacted in 1930, and while this is by no means settled history, you could |
1:50.3 | argue that the tariff accelerated the collapse into the Great Depression. And five, no serious |
1:55.1 | person could argue that the Depression would never have happened if we'd stuck with a government |
1:59.2 | funded largely by tariffs. |
2:05.3 | The tariffs he announced are bonkers. There's no relationship between tariffs, |
2:09.7 | other countries charged in imports from the U.S., and the rates Trump is imposing on them. |
... |
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