Uploaded April 2025 | Updated September 2026, 11 hours ago
This week, Noah Smith and Erik Torenberg analyze the global repercussions of Trump’s broad tariff policies, critique misconceptions about trade deficits, and explore the economic fallout and potential policy responses.
–
SPONSORS:
NetSuite
More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: netsuite.com/102
AdQuick
The easiest way to book out-of-home ads (like billboards, vehicle wraps, and airport displays) the same way you would order an Uber. Ready to get your brand the attention it deserves? Visit adquick.com today to start reaching your customers in the real world.
–
SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co
–
FOLLOW ON X:
@noahpinion
@eriktorenberg
@turpentinemedia
–
RECOMMENDED IN THIS EPISODE:
Noahpinion: https://www.noahpinion.blog/
All the arguments for Trumps Tariffs are wrong and bad: https://www.noahpinion.blog/p/all-the-arguments-for-tariffs-are
This is called Capital Flight: https://www.noahpinion.blog/p/this-is-called-capital-flight
–
TIMESTAMPS:
(00:00) Intro
(00:29) Economic mayhem and Trump's tariffs
(02:56) Understanding trade deficits and tariffs
(10:36) Mechanisms of capital flight
(15:19) Sponsors: Netsuite | AdQuick
(17:23) Sovereign default risks under Trump
(25:46) Impact of tariffs on manufacturing
(29:03) Trump's negotiation tactics and global trade
(30:52) Tribute demands and historical precedents
(32:04) Challenges in eliminating trade deficits
(35:00) China's strategic response to tariffs
(36:40) Impact on American manufacturing and economy
(42:40) Trump's misunderstanding of the real economy
(49:35) Elon Musk's dilemma and Trump's fundraising tactics
(52:45) Broader Economic and political implications
(54:23) Wrap
This week, Noah Smith and Erik Torenberg analyze the global repercussions of Trump’s broad tariff policies, critique misconceptions about trade deficits, and explore the economic fallout and potential policy responses.
–
SPONSORS:
NetSuite
More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: netsuite.com/102
AdQuick
The easiest way to book out-of-home ads (like billboards, vehicle wraps, and airport displays) the same way you would order an Uber. Ready to get your brand the attention it deserves? Visit adquick.com today to start reaching your customers in the real world.
–
SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co
–
FOLLOW ON X:
@noahpinion
@eriktorenberg
@turpentinemedia
–
RECOMMENDED IN THIS EPISODE:
Noahpinion: https://www.noahpinion.blog/
All the arguments for Trumps Tariffs are wrong and bad: https://www.noahpinion.blog/p/all-the-arguments-for-tariffs-are
This is called Capital Flight: https://www.noahpinion.blog/p/this-is-called-capital-flight
–
TIMESTAMPS:
(00:00) Intro
(00:29) Economic mayhem and Trump's tariffs
(02:56) Understanding trade deficits and tariffs
(10:36) Mechanisms of capital flight
(15:19) Sponsors: Netsuite | AdQuick
(17:23) Sovereign default risks under Trump
(25:46) Impact of tariffs on manufacturing
(29:03) Trump's negotiation tactics and global trade
(30:52) Tribute demands and historical precedents
(32:04) Challenges in eliminating trade deficits
(35:00) China's strategic response to tariffs
(36:40) Impact on American manufacturing and economy
(42:40) Trump's misunderstanding of the real economy
(49:35) Elon Musk's dilemma and Trump's fundraising tactics
(52:45) Broader Economic and political implications
(54:23) Wrap
