Unchained
Unchained
Laura Shin
Bits + Bips: Trump’s Tariffs Are Causing Mayhem, But Will They Revive U.S. Manufacturing? - Ep. 811
1 hour 12 minutes Posted Apr 3, 2025 at 4:00 pm.
Introductions + Quinn’s background
Trump’s take on U.S. tariff history
The market’s tumultuous reaction
Will tariffs bring manufacturing back to America?
The contradictions in Trump’s policies and the threat of stagflation
Why Trump doesn’t have as much time as he thinks
Will American consumers bear the burden?
Taking a wrecking ball to market psychology
Whether Trump inherited a healthy or faltering economy
Why CEOs are hesitating and how to persuade them to invest in manufacturing
“This is not the way you go do it.”
Another contradiction: Trump willing to defend Taiwan while being isolationist?
Why the current geopolitical climate is especially dangerous
Is America heading for a recession?
How will this affect Bitcoin?
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Show notes
After President Donald Trump’s proud announcement of ‘Liberation Day’ tariffs, markets worldwide took a tumble. 
Shortly after Trump’s Rose Garden announcement concluded, James Seyffart, Steven Ehrlich, Ram Ahluwalia, and guest Quinn Thompson discussed:
How markets reacted
Whether tariffs can bring middle-class jobs back to America
Who will end up paying the most
Future possibilities of war, recession and stagflation
How it all affects crypto
Sponsors:
Bitwise
Hosts:
James Seyffart, Research Analyst at Bloomberg Intelligence
Ram Ahluwalia, CFA, CEO and Founder of Lumida
Guests:
Steven Ehrlich, High Scribe of the Unchained Kingdom
Quinn Thompson, Master of Macro at Lekker Capital
Links
Trump Tariffs Shake Markets
New York Times: A Stunned World Reckons With Economic Fallout From Trump’s Tariffs
Wall Street Journal: U.S. Stock Futures, Dollar Tumble on Trump Tariff Plans
New York Times: A Timeline of Trump’s On-Again, Off-Again Tariffs
US Tariff History
CATO Institute: The Problem of the Tariff in American Economic History, 1787–1934
Brookings: Did Trump’s tariffs benefit American workers and national security?
Impact on Bitcoin and Crypto
Unchained: Why Trump-Induced Stagflation Could Finally Make Bitcoin a Safe Haven
Unchained: How a Radical Proposal in Trump’s World Could Hurt Stablecoins, but Boost Bitcoin
The Concerned Consumer and CEO
CBS: Consumer confidence slumps to 12-year low as Americans fret over their financial prospects
NPR: Why CEOs are calm about tariffs in public — but 'very discouraged' in private
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