"The President's 'Liberation Day' really shakes the foundation of the current system in the auto industry...if these tariffs stay on for any length of time, they could lead to a fundamental reordering of the U.S. market." The slate of tariffs recently announced by the White House will likely lead to rising costs for cars in the United States, especially for smaller and lower-priced vehicles. Some foreign auto makers are already pausing shipments to the United States, which also curtails choices for consumers. However, in the long term, the tariffs could be good for U.S. manufacturing if executed right.
Dr. Monica Gorman, special assistant to President Biden for manufacturing and industrial policy and former deputy assistant secretary of commerce for manufacturing, joins the podcast to discuss the impact of President Trump's tariffs on cars and how uncertainty can lead to market crisis.
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23:26
China’s Halt of Critical Minerals
CSIS’s Gracelin Baskaran joins the podcast to discuss China’s halt of critical minerals to the United States. In addition to consumer products, the Pentagon and defense contractors are heavily reliant on magnets and rare earth minerals mined or processed in China. Baskaran discusses the impact of this decision and more.
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20:15
Rep. Bryan Steil on STABLE Act
“We are in the Golden Age of digital assets.” More Americans than ever are investing in cryptocurrencies and digital assets, keeping the United States dominant in blockchain technologies. However, given market volatility and the decentralized nature of these assets, some lack confidence in dollar-denominated payment stablecoins as a viable investment.
Rep. Bryan Steil (R-WI) joins the podcast to discuss the STABLE Act, a piece of legislation he introduced with Rep. French Hill (R-AR) to support innovation and stability in the stablecoin space, protect consumers, and encourage the development of digital asset technologies.
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22:57
Liberation Day Fallout and What Comes Next
In this special crossover episode with CSIS podcast, The Trade Guys, Bill Reinsch and Scott Miller unpack the latest news about the impacts of the Trump administration’s reciprocal tariffs and how markets, trading partners, and consumers will respond.
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30:33
Mark Penn Polls and the Future of News
Stagwell CEO and longtime pollster/strategist talks about his latest Harvard CAPS/Harris poll findings plus a discussion about the future of news.
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