A Deep Dive on Tariffs

This week on Econ 102, Noah Smith and Erik Torenberg discuss the role of tariffs in the world economy, Tesla’s positioning in the Chinese market, and economic strategies that the U.S. may need to implement to remain competitive in global trade. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.RECOMMENDED PODCAST: History 102 with WhatifAltHistEvery week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.Subscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihmApple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913YouTube: https://www.youtube.com/@History102-qg5oj_Check out Erik's new show Request for Startups featuring a rotating cast of founders and investors (including Dan) sharing their requests for startups they want to exist in the world, and also their stories of navigating the idea maze in different sectors so founders don’t have to reinvent the wheel anymore. The first episode is out now - we over better dating apps, references as a service, and WeWork for productivity Watch and Subscribe on Substack: https://requestforstartups.substack.com/p/receipt-based-dating-reference-checks Apple: https://podcasts.apple.com/us/podcast/request-for-startups-with-erik-torenberg/id1728659822 Spotify:https://open.spotify.com/show/739L1LR32QI2XyoZlRh5nv _We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.Sponsors: NETSUITENetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.–Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co–LINKS:- Noahpinion “Tariffs are coming” on Substack: https://www.noahpinion.blog/p/tariffs-are-coming–X / TWITTER:@eriktorenberg (Erik)@noahpinion (Noah)@Econ102_Podcast (Econ 102)@TurpentineMedia (Turpentine)TIMESTAMPS(00:20) Episode Preview(02:17) Trade Policies(05:58) The Impact of Tariffs(08:12) The Future of the U.S. Car Industry(11:42) The Limitations of Tariffs(13:46) SPONSOR: NETSUITE(19:51) The Parallels Between Ford and Musk(27:32) Elon Musk vs China(30:40) Power Dynamics in China(32:26) Europe's Role in the Global Market(34:56) China's Currency Manipulation(40:32) The Need for Industrial Policy(48:01) The Role of Tariffs in Trade(50:08) The Future of U.S. and China Relations(51:46) The Need for Bold LeadershipThis show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected]. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.