What would a Mar-a-Lago accord seem like? Simply asking questions.
Phil Magness is an financial historian with the Independent Institute who has deeply studied the historical past of tariffs and commerce. We invited him on the present to speak in regards to the “international financial reordering” described by Donald Trump’s Treasury Secretary Scott Bessent, the president’s escalating tariffs, the looming menace of a commerce battle, the shaky inventory market, and the so-called “Mar-a-Lago Accord” that will shed extra gentle on what the Trump administration’s financial agenda actually is.
Sources Referenced:
Chapters:
- 00:00:00 Developing…
- 00:00:27 Trump’s Confused Tariff Historical past
- 00:06:39 The Twin Goal of Tariffs
- 00:09:44 Tariffs as Overseas Coverage Instruments
- 00:11:26 Smoot-Hawley and the Nice Melancholy
- 00:15:38 The Nice Forgetting of Commerce Historical past
- 00:20:54 Nationwide Safety Justifications for Tariffs
- 00:25:32 Debating Strategic Industries Like Semiconductors
- 00:30:06 J.D. Vance, Industrial Decline, and Financial Nostalgia
- 00:37:31 Auto Business, Union Labor, and Protectionism
- 00:40:34 The Mar-A-Lago Accord Defined
- 00:45:58 Ought to Different Nations Pay for U.S. Safety?
- 00:49:33 Can Tariffs Be Efficient Negotiation Instruments?
- 00:53:37 Will Weakening the Greenback Backfire?
- 00:57:08 Do Tariffs Trigger Inflation?
- 01:00:41 The U.S. Authorities’s Bitcoin Sovereign Wealth Fund
- 01:06:59 Ultimate Ideas and What We Ought to Be Asking
- Producer: John Osterhoudt
Contents
