Uploaded April 2025 | Updated September 2026, 3 hours ago

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This week, Noah Smith and Erik Torenberg discuss the Trump administration’s trade policies, criticizing their impact on U.S. manufacturing and investment, discussing strategies to counter China’s influence through multi-country trade blocs and industrial policy, and examining broader issues like currency dynamics, economic default risks, and the complexities of global trade.

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SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co

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FOLLOW ON X:
@noahpinion
@eriktorenberg
@turpentinemedia

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RECOMMENDED IN THIS EPISODE:
Noahpinion: https://www.noahpinion.blog/

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TIMESTAMPS:
(00:00) Intro
(00:36) Discussing Trump's trade policies
(03:17) Madman theory and economic uncertainty
(07:05) Impact of tariffs on investment
(11:16) Understanding bond yields and borrowing costs
(16:19) Sponsors: Netsuite | AdQuick
(18:23) Weaker dollar debate
(22:37) Critique of Trump's economic strategies
(29:31) Importance of exports in the American economy
(30:12) Misconceptions about American manufacturing
(33:21) Impact of retaliation on exports
(36:34) Challenges in manufacturing and borrowing costs
(40:27) Trump's economic strategies and potential consequences
(42:27) Developing a strong anti-China strategy
(49:41) Reflecting on missed opportunities and future strategies
(54:14) Wrap