Maxwell Slate dissects the Trump administration's disastrous experiment in economic nationalism, examining how "Liberation Day" tariffs and trade wars created global market chaos. From retaliatory measures by China and the EU to devastating impacts on American farmers, manufacturers, and consumers, this episode reveals how protectionist policies designed to strengthen America instead weakened its economic position worldwide. Slate explores the administration's rejection of economic expertise, the collapse of carefully built supply chains, and the ironic result of making American products less competitive while China positioned itself as a champion of free trade. The episode traces the human cost of ideological economic policy, from shuttered small businesses to lost agricultural markets, while examining how trade wars that were supposed to be "easy to win" became costly stalemates that undermined decades of American economic leadership.
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