Tracy Alloway

That's a pretty big deal given that we've just been seeing inflation actually come down.

A couple reasons. I think it's a totally fair point to make. I would say the main reason when it comes to finance professionals, it's really hard for them to imagine someone in power doing something that is so clearly against the grain of, you know. Canonical economic thought.

A couple reasons. I think it's a totally fair point to make. I would say the main reason when it comes to finance professionals, it's really hard for them to imagine someone in power doing something that is so clearly against the grain of, you know. Canonical economic thought.

A couple reasons. I think it's a totally fair point to make. I would say the main reason when it comes to finance professionals, it's really hard for them to imagine someone in power doing something that is so clearly against the grain of, you know. Canonical economic thought.

I don't think there's a single, you know, seriously taken economist out there who actually thinks that destroying global trade is going to help the American economy actually go up.

I don't think there's a single, you know, seriously taken economist out there who actually thinks that destroying global trade is going to help the American economy actually go up.

I don't think there's a single, you know, seriously taken economist out there who actually thinks that destroying global trade is going to help the American economy actually go up.

Well, the other thing I would say is that's the case for a lot of non-professional armchair economists as well, right? Even Trump supporters. When you talk to them about, well, what do you think Trump wants to impose these massive tariffs? That seems like a big deal. They'll say, well, you know, Trump, he just says stuff. He's not necessarily really going to do it.

Well, the other thing I would say is that's the case for a lot of non-professional armchair economists as well, right? Even Trump supporters. When you talk to them about, well, what do you think Trump wants to impose these massive tariffs? That seems like a big deal. They'll say, well, you know, Trump, he just says stuff. He's not necessarily really going to do it.

Well, the other thing I would say is that's the case for a lot of non-professional armchair economists as well, right? Even Trump supporters. When you talk to them about, well, what do you think Trump wants to impose these massive tariffs? That seems like a big deal. They'll say, well, you know, Trump, he just says stuff. He's not necessarily really going to do it.

And then lo and behold, he actually does it. And even now, after he's done it, there's still plenty of people who are arguing about whether or not this is just a negotiation tactic and whether or not some of the tariffs are going to come right back down.

And then lo and behold, he actually does it. And even now, after he's done it, there's still plenty of people who are arguing about whether or not this is just a negotiation tactic and whether or not some of the tariffs are going to come right back down.

And then lo and behold, he actually does it. And even now, after he's done it, there's still plenty of people who are arguing about whether or not this is just a negotiation tactic and whether or not some of the tariffs are going to come right back down.

Yeah, I mean, the media story is strong, right? And by the way, if Trump is living rent-free in your head, maybe you should impose a 30% tariff on that. That's one idea.

Yeah, I mean, the media story is strong, right? And by the way, if Trump is living rent-free in your head, maybe you should impose a 30% tariff on that. That's one idea.

Yeah, I mean, the media story is strong, right? And by the way, if Trump is living rent-free in your head, maybe you should impose a 30% tariff on that. That's one idea.

That's right. It's all very confusing. And I got to say, when you look at some of the tariffs that have been unleashed, there are weird things in there. I was just writing about this, actually.

That's right. It's all very confusing. And I got to say, when you look at some of the tariffs that have been unleashed, there are weird things in there. I was just writing about this, actually.

That's right. It's all very confusing. And I got to say, when you look at some of the tariffs that have been unleashed, there are weird things in there. I was just writing about this, actually.

There's a 30% reciprocal tariff imposed on Nehru, which is this tiny island in the South Pacific that mostly exports fish and pig meat and some phosphates, but not that much anymore, to the rest of the world. Even if you think this isn't necessarily an economic tool, it's a political tool, it's a tool of diplomacy, maybe. The question is, what exactly do we want from a place like Nehru?