4.6 • 11K Ratings
🗓️ 15 April 2025
⏱️ 68 minutes
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0:00.0 | From New York Times opinion, this is the Ezra Klein Show. Here's a simple principle that I believe deeply. |
0:34.2 | You cannot make a good argument for a bad policy. |
0:37.2 | You cannot make a coherent argument for an bad policy. You cannot make a coherent argument |
0:39.2 | for an incoherent policy. You can imagine tariff regimes that are defensible. You can imagine |
0:45.4 | critiques of the previous era of global trade that are coherent. The problem is none of them |
0:51.0 | fit what Trump is actually doing. It's darkly funny watching Trump's defenders |
0:56.0 | pivot online from defending the morning's tariffs as necessary shock therapy for an economy that has |
1:01.5 | been corrupted by decadence and greed, for an economy where we care about the markets but have abandoned |
1:06.7 | the Midwest, only the shift by that afternoon to how brilliant it was for Trump to pause |
1:12.5 | those very same tariffs. Just look at that stock market recovery. Brilliant stuff, sir, textbook |
1:17.8 | art of the deal. Where we are right now, as I write this on Monday, April 14th, is an all-out |
1:24.4 | trade war with China. We've also laid tariffs on the rest of the world, |
1:28.0 | but the big ones are on China. The tariffs there are well over 100%. We're being told this is |
1:33.5 | all necessary because we need to bring the supply chains back from China, particularly the advanced |
1:38.4 | ones. They built their economy. They built their power on the backs of our iPhones, our batteries, our semiconductors. |
1:47.6 | We need all that back. But no, wait, wait, wait, breaking news. Most electronics are now exempted |
1:52.9 | from the China tariffs. We're going to tariff shoes from China at a higher rate than laptops in |
1:58.5 | this policy apparently designed to reshore advanced manufacturing? |
2:03.2 | Apple in particular seems to have wriggled out of the tariffs. |
2:06.3 | Or no, wait, wait, maybe not. |
2:08.5 | Now Trump is saying that the exemptions, his own administration announced, |
2:12.1 | that's just fake news. |
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