Leah Litman
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Podcast Appearances
It's also our closest ally with a special relationship with a very meager trading relationship. So it's a pretty easy deal to get done if you're looking to show – some victory. And Letnick is celebrating that the 10% tariffs are on there. What he's doing, he's celebrating the continued 10% tax that American people will pay on goods coming from the UK, unless you buy Rolls Royce.
I mean, this also like fits in with the news that Trump proposed to Mike Johnson a loan program for newborn babies. to offset the cost of tariffs because 99% of strollers, car seats, baby toys, everything come from China. So we're going to put babies in debt to cover the tariffs? What are we doing? You have to give the baby back? Yeah, I'm not sure.
I mean, this also like fits in with the news that Trump proposed to Mike Johnson a loan program for newborn babies. to offset the cost of tariffs because 99% of strollers, car seats, baby toys, everything come from China. So we're going to put babies in debt to cover the tariffs? What are we doing? You have to give the baby back? Yeah, I'm not sure.
The baby themselves might be the collateral here. I don't know.
The baby themselves might be the collateral here. I don't know.
No, I don't think it works. It doesn't work as a trade strategy. It doesn't work as a market strategy. The markets went up this morning, but it's not because of this deal. It's because the prospect that we're going to have negotiations with China next week. That's what people care about. Our relationship, our political relationship with the UK is quote-unquote special and important and historic.
No, I don't think it works. It doesn't work as a trade strategy. It doesn't work as a market strategy. The markets went up this morning, but it's not because of this deal. It's because the prospect that we're going to have negotiations with China next week. That's what people care about. Our relationship, our political relationship with the UK is quote-unquote special and important and historic.
Our trade relationship with the UK is fairly minimal compared to some of the other like Canada, Mexico, China, the places that are most affected by this. And people – it's all – like reality sits in when it comes to the economy. You can't – You can't fake it. People are going to see prices go up. They're going to see empty shelves. The markets could make- Just ask Joe Biden. That's right. Exactly.
Our trade relationship with the UK is fairly minimal compared to some of the other like Canada, Mexico, China, the places that are most affected by this. And people – it's all – like reality sits in when it comes to the economy. You can't – You can't fake it. People are going to see prices go up. They're going to see empty shelves. The markets could make- Just ask Joe Biden. That's right. Exactly.
The markets could possibly go up on a deal here or there, but what they're really supposed to do is project the medium and long-term state of the economy. And if the economy performs as Jerome Powell thinks it might, then that's going to affect the market too, no matter how many deals Trump announces between now and then.
The markets could possibly go up on a deal here or there, but what they're really supposed to do is project the medium and long-term state of the economy. And if the economy performs as Jerome Powell thinks it might, then that's going to affect the market too, no matter how many deals Trump announces between now and then.
And that the people who work at the docks and drive the trucks and the stores to sell goods lose their jobs. That's a good thing. I mean, he really is a walking, talking argument for making econ a required course in American high school.
And that the people who work at the docks and drive the trucks and the stores to sell goods lose their jobs. That's a good thing. I mean, he really is a walking, talking argument for making econ a required course in American high school.
It's like he just, the fundamentals of it, he does not, like, if he had gone to and paid attention to the first three weeks of Econ 101 at any university in America, we would not be in this problem. Well, that's his excuse.
It's like he just, the fundamentals of it, he does not, like, if he had gone to and paid attention to the first three weeks of Econ 101 at any university in America, we would not be in this problem. Well, that's his excuse.
I mean, like there are people like Scott fucking best.
I mean, like there are people like Scott fucking best.
Of course, he wrote a thousand things before the election trying to rationalize terrorists. But, you know, whatever his queered quote was about how the tariff gun always stays in the drawer. So he is trying to work around the insanity and ignorance of his boss and other people.