Donald Trump attends a Cabinet meeting at the White House in Washington, D.C., April 10, 2025 (Nathan Howard/Reuters)
EA on Irish Outlets: Why “Trump Blinked” on His Tariffs
EA-Byline Times Podcast: Tackling Trump’s Tariffs
In a 29-minute VideoCast, I join Times Radio for a full-and-frank deep dive into the destruction and stupidity of Donald Trump and his tariffs bluster.
I begin with Jo Crawford’s question, “What will be Donald Trump’s legacy?”
Trump’s legacy is that he’s a wannabe bully trying to rip apart the international system — and the system — for personal power and profit.
His legacy is that he is a wannabe bully who is being undone by the fact that he is an economic moron.
I detail how “Liberation Day” and its “magic chart” economic illiteracy came about. I explain how it is all going wrong for the bully as Canada, Mexico, China, the European Union and — most importantly — the bond market punch back.
I project what will happen next, as China positions itself to defeat Trump in a showdown.
We are now at a point where the Trump Administration is leaving the US-led global economic system established after World War II.
If the US is going to act outside the economic system which it formerly led, what happens then? China will try to take advantage. For who do you trade with? Who do you interact with?
And I explain how, why failing with his tariffs, Trump succeeded in making money for his friends, tipping them off with insider information that may have constituted a crime.
