Tuesday, June 3, 2025

Is Trump playing games with tariffs to manipulate the markets for financial gain?

YouTube:

Kara and Scott discuss Senator Joni Ernst’s callous comments about Medicaid cuts, Texas’s new law requiring app stores to verify ages, and Taylor Swift’s blockbuster deal to get the rights to her masters. Then, Elon leaves The White House with a literal black eye, and denies a New York Times report about his ketamine use. Plus, Trump raises tariffs yet again, and lashes out at China.

Timestamps:
00:00 Intro
6:09 Sen. Ernst: “We All Are Going to Die”
14:41 Texas Age Verification Bill
21:29 Taylor Swift Regains Ownership of Masters
24:55 Elon Denies Drug Use
33:55 Trump Axes Elon Ally for NASA Admin
38:26 Trump Doubles Steel and Aluminum Tariffs
43:48 Trump Lashes Out at China
48:19 Wins and Fails

While the whole discussion is worth listening to – except for the opening 6 minutes, which is BS of interest only to Swisher/Galloway fans – I’ve cued it up to the discussion of tariffs at 38:26. We start off with TACO, “Trump Always Chickens Out,” which is widely taken as an index of his incompetence. Starting at about 40:21 Scott Galloway asserts that Trump is using tariffs to deliberately manipulate the markets so that he and his insider buddies can make a “shit-ton” of money.

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