Tariffs, Take Three: The Dumbest Round Yet | Off the Clock
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What is the main topic discussed in this episode?
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One of the things I admire most about the president is there are traditional 1960s forms of masculinity, but this is a bloke who's really willing to look at another man and say, I think you're handsome.
You're beautiful. Yeah.
You're beautiful.
I love that.
Yeah.
Yeah.
The work week may be over, but the economy, it never takes time off. I'm Justin Wolfers, and this is Off The Clock, unwinding the week's economic news. There's no one I would rather do it with than my good friend, superstar economic journalist, Stacey Bannock-Smith.
Thank you, Justin. I'm very excited to be here with you once again. I am a columnist at Bloomberg Businessweek, co-host of the podcast Everybody's Business, and as always, extremely thrilled to be here with you talking economics on a Friday.
What else would you do at the end of the week? I don't know. Hey, so what are we going to do? We're going to pick through the recent economic news, and we're here to tell the folks at home what you should actually be concerned about, what you can safely ignore, and maybe along the way we can find some silver linings. Stacey, we've got a packed episode. So strap in. We're going to start off with the latest round of tariffs. And forgive me if you think you've heard this episode before. It's actually a new episode. It's a different round of tariffs. We're going to talk about what makes them different, what makes them more of the same, why maybe these are going to stick around. And we're going to dig into the Fed.
We're going to go and talk to handsome Kevin and see how he's doing over there. And then we'll get back to the most recent GDP numbers. GDP stands for gross domestic product, not Gus D platypus. These numbers came out on Thursday. So huge week for economics. What do you reckon, Stacey?
Absolutely. And don't forget, Justin, at the very end of the show, we're going to have a little bit of a competition. It's chart versus chart. I don't know what possessed me to say yes to this since you're an economist. You spend all day looking at charts, but I said yes to this and I think I'm going to win. I think I have the chart to end all charts.
I mean, the thing is chart versus chart. Wait for this. That rhymes with art versus art because a good chart is art. You're the comparative literature expert. Genius. You have that entire right side of the brain. So I reckon you're, um, have you thought about your colors?
My colors, like the color of the chart.
Yeah.
The art of the chart. Um, yes. And I stand by the color that I chose.
Wow. So mine are in a platypus economics theme.
Oh, mine are in the theme of the, that the government put them in, but I still stand by them.
Gray and beige. Fantastic.
Yeah.
Let's get into it. Topic number one, tariffs.
All right, Justin. So, okay, a lot has happened with tariffs since we last talked. I know you've done a bunch of videos about this already, and I'm very excited to kind of break things down with you a little bit. I was wondering if, kind of before we dive into this, you can kind of lay out what is going on with this latest round of tariffs, as well as also the kind of the Canada-specific tariffs that also happened.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–7:10
2
What exactly changed in the latest round of tariffs and who is affected?
7:10–20:38
3
Why do experts call this newest set of tariffs ‘the dumbest round yet’?
20:38–24:52
4
What legal arguments and processes underlie these new forced-labor tariffs?
24:52–59:49
Speakers
8 identifiedMore from Platypus Economics with Justin Wolfers
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