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 reactedWhether tariffs can bring middle-class jobs back to AmericaWho will end up paying the mostFuture possibilities of war, recession and stagflationHow it all affects cryptoSponsors:BitwiseHosts:James Seyffart, Research Analyst at Bloomberg IntelligenceRam Ahluwalia, CFA, CEO and Founder of LumidaGuests:Steven Ehrlich, High Scribe of the Unchained KingdomQuinn Thompson, Master of Macro at Lekker CapitalLinksTrump Tariffs Shake MarketsNew York Times: A Stunned World Reckons With Economic Fallout From Trump’s TariffsWall Street Journal: U.S. Stock Futures, Dollar Tumble on Trump Tariff PlansNew York Times: A Timeline of Trump’s On-Again, Off-Again TariffsUS Tariff HistoryCATO Institute: The Problem of the Tariff in American Economic History, 1787–1934Brookings: Did Trump’s tariffs benefit American workers and national security?Impact on Bitcoin and CryptoUnchained: Why Trump-Induced Stagflation Could Finally Make Bitcoin a Safe HavenUnchained: How a Radical Proposal in Trump’s World Could Hurt Stablecoins, but Boost BitcoinThe Concerned Consumer and CEOCBS: Consumer confidence slumps to 12-year low as Americans fret over their financial prospectsNPR: Why CEOs are calm about tariffs in public — but 'very discouraged' in private🤝 00:00 Introductions + Quinn’s background📕 4:09 Trump’s take on U.S. tariff history📉 6:11 The market’s tumultuous reaction🏭 11:13 Will tariffs bring manufacturing back to America?▶️◀️ 12:47 The contradictions in Trump’s policies and the threat of stagflation⏳ 18:53 Why Trump doesn’t have as much time as he thinks🥵 24:12 Will American consumers bear the burden?💥 26:05 Taking a wrecking ball to market psychology❓ 28:02 Whether Trump inherited a healthy or faltering economy🫸 32:00 Why CEOs are hesitating and how to persuade them to invest in manufacturing❌ 35:11 “This is not the way you go do it.”🇹🇼 40:44 Another contradiction: Trump willing to defend Taiwan while being isolationist?🪖 47:55 Why the current geopolitical climate is especially dangerous😱 55:51 Is America heading for a recession?🤔 01:02:00 How will this affect Bitcoin? Learn more about your ad choices. Visit megaphone.fm/adchoices
