Trump's Tariff Gamble EXPLAINED with Chamath
YERRR BONUS EP - the guys needed to get a breakdown of what was going on in the financial world so they brought in Chamath Palihapitiya from the All-In Podcast to explain to us what's going on with the tariffs, the economy, Trump and much much more. INDULGE 00:00 Rant! 00:43 What are the tariffs? 5:32 Other countries use of tariffs 9:39 The United States is the truly global leader 14:09 Reliance on others + Tariff helping self-sufficiency 16:55 Was the formula haphazard? 18:28 What is a trade deficit? 21:26 Using other countries as loopholes 23:54 Can China step in and exploit? Trading NATO 29:33 Job creation through tariffs? 34:23 Being world's consumer + Political Cronyism 39:29 Understanding America's debt 49:36 Trump is truly MAGA + Tariff shocked the market 53:08 Stock Market slumping's impact + What is inflation? 1:01:21 America needs growth + Elon's record 1:06:18 What is the downside to tariffs? Trump willing to talk 1:13:58 Being prepared this time around 1:16:58 How Chamath uses his capital 1:20:12 Chamath doesn't own public stocks + Recession incoming? 1:23:36 Are Recessions Republican led? 1:25:44 Views on the outcome? Waiting this out Learn more about your ad choices. Visit megaphone.fm/adchoices