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The Prof G Pod with Scott Galloway

Raging Moderates: Trump Blinks on China

Tue, 13 May 2025

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Scott is joined by The Bulwark’s Tim Miller to break down reports that Trump may accept a $400M jet from Qatar, a shaky tariff truce between the U.S. and China, and Trump’s plan to deport migrants to Libya. Plus, history is made with the election of the first American Pope—and they discuss what his leadership could mean for the future of the Church. Follow Jessica Tarlov, @JessicaTarlov.  Follow Prof G, @profgalloway. Follow Raging Moderates, @RagingModeratesPod. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Chapter 1: Who are the hosts of Raging Moderates?

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Welcome to Raging Moderates. I'm Scott Galloway. Jessica is jet-setting across Europe this week, which I think is awfully nervy given she's a new employee. Our vacation policy is you don't take vacation the first couple of years here at a Galloway-sponsored corporation. But anyways, she has decided to head to Europe where I think she's in Italy or something like that. But Our loss is our gain.

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On with us is literally our favorite side piece, the Bulwark's own Tim Miller. Tim is literally our favorite three and threesome. We have become the same person or the same podcast, Tim. If I'm on something, you're on it before. You're on with Jess a lot. Anyways, it's great to have you, Tim. How are you?

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I love being a third, you know, so I really appreciate it. You know, it spices things up and we are, we are becoming the same person. I had your Sidekick Ed. That's right. On my Gen Z podcast like last week. I love Ed. I'm thinking about kicking my co-host Cameron Kasky off and replacing him with Ed. So if you have any problems with him, if he's taking too much vacation, I might poach him.

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I watched that.

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How old is your young guy? I love how we both... He's 24. He's 24? Wow. Yeah, Ed is 26. Yeah, but you're a kid too. I think it's more adorable because I have the grandfather thing. You're just like the big brother.

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Yeah, a little big brother vibe. Got to keep making them behave. There you go. Are you in New Orleans today? Where are you? I'm in New Orleans, yeah. I was in New York over the weekend, back in New Orleans. I'm here for a couple weeks. Then we got a live show in Chicago and Nashville. If any Raging Moderates listeners want to come, May 27th and 28th. Look at me. I'm just plugging, baby.

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Tell me a little bit about the live shows.

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How many people do you get? What's the business model? Do you enjoy it?

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I just lied. It's May 28th and 29th. 28th in Chicago, 29th in Nashville. I love them. We love them. We are getting, I think, almost 1,000 people in Chicago and closer to 400 in Nashville. Kind of a big market, small market thing. And we haven't quite figured out on the business Scott brain. We haven't really quite figured out how to monetize them in a way that is that useful to the bottom line.

Chapter 2: What is the significance of Qatar's gift to Trump?

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I think a lot of what ails us is the social isolation and the fact that we don't recognize we're mammals. And you put an orc on a tank alone, it literally goes crazy. And, you know, a Cape Buffalo gets excommunicated from the herd. It usually goes crazy or gets eaten and dies.

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Totally agree with that. I could not be more human contact, just pro-human contact. There's just another thing that, you know, we're aligned on.

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Good. So in today's episode, we're going to be discussing the Qataris may gift Trump a luxury jet. Tell me that thing probably doesn't look like an Iraqi whorehouse inside. What do you think the decor looks like inside?

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Yeah, I mean, it probably looks like the Uday and Kuse suite in the palace for sure. And look, there's so much horrifying about the story. But the funny part of it is, I guess it was parked at the West Palm Beach FBO in February. And Trump was like, I want to go check that out. He's like immediately drawn to the opulence of the Qatari, you know, whorehouse in the sky.

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And that, I guess, is what started us down this path to this bribe coming through. And that is just very Trumpy, a very Trumpy origin story. But it's really – I mean obviously it's just bad on the corruption front. Like the idea that our country should be taking a $400 million bribe for another country that we have a complicated geopolitical relationship with is insane.

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Simultaneously to that, if the corruption of the government part isn't bad enough, Eric Trump signed a deal for like a golf course in Qatar for I think $5 billion. So there's a private corruption on top of the public corruption that is happening with Qatar. And it's particularly jarring. I think it'll be interesting to see what the kind of pro-Israel right folks say about this.

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Qatar is funding Hamas and was funding the campus protests. So in addition to just the corruption part, there's a hypocrisy of we are currently taking away the green cards and jailing people who participated in the campus protests. At the same time, as we're taking an Air Force One bribe from the country that was funding the same protests. And the whole thing is just preposterous.

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I have a chat group or a text group with some of my friends from the fraternity at UCLA, and the majority of them are Jewish. And a lot of them voted for Trump. I think most of them voted for Trump because, quite frankly, he's seen as viewed as more resolute on Israel. And I said, be clear. You know, this guy likes Jews the way that hardcore evangelicals like Jews.

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If you kind of go one layer deeper, their plan for us is not all that great. You know, it's all about the rapture. And when Jesus comes back, then they decide to kill most of us. And the fact that essentially we have the Qataris giving the president a $400 million plane and sort of turning this into kind of the ultimate frequent flyer program.

Chapter 3: How is the US-China tariff truce impacting the economy?

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you know, of violating the human rights, you know, council and what they've already signed and agreed to. Like they, you know, you cannot be part of the, you know, liberal, small L liberal world of nations. If you are going to put somebody in a hole in a torture camp and not give them access to a lawyer, like that's just, that's a no go. And,

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We'll stop doing trade with you and we'll stop doing tourism with you. And it would be hard to actually impact the El Salvador economy in a big way without the U.S. being involved. But you could start to lay the groundwork down for it in a way that might make Bukele start to think twice.

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I think we've got to say to these folks, look, the president does not provide blanket immunity from economic sanctions or even criminality. Just to say, look, you're right. You're good for three years, eight months, and two weeks. But after that, be clear. If the Democrats get control back, which there's always a good chance at some point they will, it's going to be really ugly for you.

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Because I think we've got to go after the infrastructure and the enablers and the co-conspirators at this point, as opposed to... It's just pretty clear we're not going to shame him or our current branches of government who have been weaponized and politicized. That's just not an effective strategy. So let's move on to the tariffs here. All right.

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So back in Washington, Fed Reserve Chair Jerome Powell, Chairman Powell warned that Trump's escalating trade war could drive the U.S. towards stagflation. It's probably a word you don't know because you're too young. We haven't had it since the 70s.

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I read about it. You've read about it? Well, I mean, as a Reagan fan, you know, in high school Republicans, people talked about, you know, how he ran against stagflation. So I'm familiar with it in that context.

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So it's this toxic mix of rising prices and rising unemployment where basically interest rates go up and the economy slows down. And it's sort of stagflation is sort of a – a step or a bridge to a depression. But on Thursday, Trump announced a new trade framework with the UK that lowers tariffs, but only on luxury cars, including Rolls-Royce and Bentley. Well, thank God.

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And plane engines, I think, got thrown in there too. I think Rolls-Royce has given us some plane engines too.

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Toys, including Barbie and Hot Wheels, will face 100% tariff. Then over the weekend, there was a surprise detour. The US and China agreed to a 90-day truce, temporarily rolling back some of the steep tariffs that had been hammering both economies. By May 14th, the U.S.

Chapter 4: What are the implications of Trump's immigration policies?

Chapter 5: How is the election of the first American Pope significant?

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Over the last 20 years, at-home DNA tests have helped millions of people connect with family members they didn't know they had. I want to see someone else whose face looks like mine. I want to see someone else whose eyes look like mine. So what happens to all the genetic data for all those Americans if the company goes away? That's this week on Explain It To Me.

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New episodes every Sunday, wherever you get your podcasts.

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Support for the show comes from Yonder. While technology can be incredibly helpful for teaching and learning, it can also be a source of seemingly endless screens and distractions. And those distractions can keep us from being present and focused in the moment, especially in places like school.

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Yonder says they are committed to fostering phone-free schools so students can learn without distractions, social media pressure, or worries about being filmed. Yonder has put its years of experience forward so they can support schools through the whole process, from policy and planning to culture transition and launch. Learn more at overyonder.com. That's O-V-E-R-Y-O-N-D-R dot com.

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What's up, y'all? It's Kenny Beecham. We are currently watching the best playoff basketball since I can't even remember when. This is what we've been waiting for all season long. And on my show, Small Ball, I'll be breaking down the series matchups, major performances, in-game coaching decisions, and game strategy and so much more for the most exciting time of the NBA calendar.

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New episodes through the playoffs available on YouTube and wherever you get your podcasts. Subscribe to Small Ball with Kenny Beecham so you don't miss a thing.

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Welcome to Raging Moderates. I'm Scott Galloway. Jessica is jet-setting across Europe this week, which I think is awfully nervy given she's a new employee. Our vacation policy is you don't take vacation the first couple of years here at a Galloway-sponsored corporation. But anyways, she has decided to head to Europe where I think she's in Italy or something like that. But Our loss is our gain.

128.147 - 144.834 Host

On with us is literally our favorite side piece, the Bulwark's own Tim Miller. Tim is literally our favorite three and threesome. We have become the same person or the same podcast, Tim. If I'm on something, you're on it before. You're on with Jess a lot. Anyways, it's great to have you, Tim. How are you?

144.934 - 165.489 Host

I love being a third, you know, so I really appreciate it. You know, it spices things up and we are, we are becoming the same person. I had your Sidekick Ed. That's right. On my Gen Z podcast like last week. I love Ed. I'm thinking about kicking my co-host Cameron Kasky off and replacing him with Ed. So if you have any problems with him, if he's taking too much vacation, I might poach him.

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