The Trade War That Never Was

This week: Trump almost started a trade war with our nearest neighbors. Felix Salmon, Emily Peck, and Elizabeth Spiers explain why Trump’s trade war with Canada and Mexico not happening is still newsworthy. Then, Felix breaks down why Trump’s plan for a US sovereign wealth fund makes no sense. And finally, Kalshi seems to have found a loophole by offering event contracts on the Super Bowl even in states where sports betting is illegal. The hosts discuss the distinctions between betting and trading futures, and how each are affected by their respective regulating entities.  In the Slate Plus episode: Egg Watch 2025 gets its own episode.  Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices