Trade Wars, GOP Budgets & Your Wallet

The Carl Jackson Podcast

Salem Podcast Network

News, Politics, News Commentary

4.8 • 2.2K Ratings

🗓️ 11 April 2025

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this conversation, Carl Jackson and economist Jim Nelles discuss the current economic landscape, focusing on tariffs, trade negotiations, and the impact of media on public perception of the economy. They explore the complexities of international trade, particularly with China, and the potential for economic recovery amidst market volatility. Nelles emphasizes the importance of negotiating in good faith with trading partners and the need for consumer confidence to sustain economic growth. In this conversation, Carl Jackson and Jim Nelles discuss the complexities of U.S.-China relations, focusing on tariffs, trade policies, and the implications for the American economy. They explore the potential consequences of government spending cuts, the need for entitlement reform, and the impact of government regulations on everyday life. The discussion also touches on the importance of understanding the Chinese market and the historical context of trade agreements, emphasizing the need for a strategic approach to international trade.

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Transcript

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0:00.0	Confusion and lies. Guys, you know I have a big mouth, but I read a lot of people that I admire
0:07.4	when it comes to, when it comes to issues. So I try to stay up on my game per se, but when news breaks
0:15.6	like it has and we're watching historic times when it comes to the markets, when it comes to these tariffs.
0:23.5	I mean, we're just seeing stuff that, frankly, we haven't seen before or in quite some time in the United States of America.
0:30.1	And this is exactly why I have economists supply chain expert, which is one of the things that I believe sets him apart from others.
0:38.8	Also, he's a columnist for the Daily Wire, Washington Examiner, Fox News.com Newsweek.
0:43.6	He's been everywhere.
0:44.7	I'm speaking of Jim Nails.
0:46.0	Jim, welcome back to the Carl Jackson Show.
0:48.3	Good evening, Carl.
0:48.9	How are you doing tonight?
0:49.9	Man, I'm doing good, Jim.
0:51.3	All right, let me just ask you because people want to know there's the, there's, there's, there's a debate that's happening within the, uh, Republican Party within the conservative movement, within the MAGA movement. First off, tariffs. I'm a free market guy, but I love the way that Trump has used tariffs, uh, for, for leverage. But I got to admit, sometimes I'm like, whoa,
1:13.6	I never expected I would say that to be honest with you, except with China. And I love what he's
1:19.5	doing with China, but just give us your overall take on what you've witnessed in the last week or so.
1:26.2	Well, let me tell you this. My least favorite word in the English language is equity.
1:30.3	But what Trump is trying to do is create equity in trade.
1:34.4	He's trying to get in situations where there are no trade barriers, tariffs or otherwise,
1:40.3	between countries.
1:41.1	So we can let Adam Smith's theory of comparative advantage take over and
1:45.8	countries that are good at manufacturing one thing, manufacture those, countries that are good
1:49.5	of manufacturing other things, manufacture those things, and then we have free trade. That's what
	...

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