Thurs Blogcast: Liberation Day (ugh)
April 3, 2025
Note: I have a 90-minute show today because of an early Rockies game...
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Liberation Day
President Trump is liberating you...from your money, from your choices, and potentially from your job.
5 takeaways from Trump’s major tariff announcement
GOP senators vote with Democrats to undo Trump tariffs on Canada
READ THIS: Trump’s New Protectionist Age - WSJ
See the line that start with “Many of my clients”: China’s Tariff-Dodging Move to Mexico Looks Doomed - WSJ
This article is also interesting for touching on some of the secondary and tertiary effects of the massive move of Chinese companies into Mexico (which, by the way, I understand why Trump would have a problem with.) For example, the fact that they Chinese are creating so many jobs in Mexico that they're likely significantly reducing the interest of Mexicans to illegally come to the United States. There are so many secondary and tertiary effects of trade that Trump doesn't consider and they are the most important effects.
Some thoughts as I posted them on X/Twitter
So much wrong with all this, even though it's absolutely true that other countries tariff US products and that it's unfair to US manufacturers.
— Ross Kaminsky (@Rossputin) April 2, 2025
1) The graphic shows other nations' tariffs "charged to the USA" which makes it sound like Americans pay those tariffs. But of course… https://t.co/lxhgl103Bw
Foreign tariffs on US goods (which of course I oppose) are NOT charged "to" the United States. The tariffs imposed by Panama or Nigeria or wherever are paid by the buyers in Panama or Nigeria or wherever.
— Ross Kaminsky (@Rossputin) April 2, 2025
And Trump's tariffs will be paid by Americans.
It's just a giant… https://t.co/yCQBLJcOrc
Let me make this clear for those brain-dead people who respond to any criticism of Trump with "TDS."
— Ross Kaminsky (@Rossputin) April 2, 2025
Trump is doing a LOT of really good things:
Border enforcement
Shrinking government
Trying to keep income tax rates down
Reducing regulation
Attacking DEI
Ending at least some… https://t.co/9k8yo7rd7S
It's shocking but not surprising how much economic idiocy is on display this evening. Trump is more effective than any other politician I can remember at making people believe and repeat misunderstandings and lies. It wouldn't bother me so much if he stuck to lying about things…
— Ross Kaminsky (@Rossputin) April 3, 2025
And the quick analysis from one of the best analysts in America
This from JPMorgan is bad, bad, bad: pic.twitter.com/p4zAV5OhRe
— James Pethokoukis ⏩️⤴️ (@JimPethokoukis) April 3, 2025
Today's Guest
Misty Skolnick is co-owner of Uncle Jerry's Pretzels.
We'll discuss the Impact of tariffs on the US baking industry, and especially on small baking businesses
Tariffs could cost baking industry $454 million, ABA finds | Baking Business
I note that I had booked this interview before Trump's announced tariffs yesterday...happy for the timeliness.
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Other Stuff
Not much other stuff today because of the short show...
What a remarkable story: Starliner’s flight to the space station was far wilder than most of us thought - Ars Technica
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Sounds good, but I wonder why it wasn't done (or something like it done) sooner: Johnston, city officials announce new downtown police unit | News | coloradopolitics.com
Mayor Johnston's downtown Denver safety plan includes cops on horseback - Axios Denver
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Congrats to the finalists: Colorado's James Beard Awards 2025 finalists - Axios Denver
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A win for the FDA over sellers of flavored vapes: Court tosses out lower-court ruling against FDA in flavored vape dispute - SCOTUSblog
Supreme Court rules for the FDA in flavored vapes dispute
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Today's Video
h/t listener Andy
I'm trying to understand the science, but note that this is happening in zero or "micro" gravity and see the additional replies that somewhat explain the science...
Something for your inner Uber-Geek; capillary rise in a 10mm diameter drinking straw. pic.twitter.com/7Z0Xvq2Jrz
— Don Pettit (@astro_Pettit) March 21, 2025