Latest / NO FILTER / Tim Miller_ _He wants to feel powerful and the tariff card allows him to do that_(MP3_160K)

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Tim Miller_ _He wants to feel powerful and the tariff card allows him to do that_(MP3_160K) · NO FILTER

• 0:00
  Speaker 1: It's now four o'clock in New York can full of
• 0:03
  Speaker 1: people called it ambitious, many many many more called it
• 0:06
  Speaker 1: reckless or absurd, or plain foolish or unnecessary. But Trump
• 0:11
  Speaker 1: went about it anyway, promising ninety deals in ninety days,
• 0:15
  Speaker 1: they said, a hostile reforging of the global economy, in
• 0:18
  Speaker 1: which other countries would, in their telling, trip all over
• 0:22
  Speaker 1: themselves for the opportunity to hash out new trade deals
• 0:26
  Speaker 1: with the US. Now though well more than halfway through
• 0:30
  Speaker 1: that timeline, and what exactly does the US have to
• 0:34
  Speaker 1: show for it, well, the framework of a deal with
• 0:38
  Speaker 1: the UK, I guess a preliminary deal with China, maybe
• 0:42
  Speaker 1: a handshake agreement forged in Geneva that Trump now insists
• 0:46
  Speaker 1: China has violated. Quote so much for being mister nice guy,
• 0:50
  Speaker 1: he posted on social media this morning, which is amazing
• 0:55
  Speaker 1: at every level. Treasury Secretary Scott Bessant addressed the negotiations
• 0:59
  Speaker 1: ashore time later.
• 1:00
  Speaker 2: Watch they are a bit stalled. I believe that we
• 1:06
  Speaker 2: will be having more talks with them in the next
• 1:10
  Speaker 2: few weeks, and I believe we may at some point
• 1:14
  Speaker 2: have a call between the President and party chair sheet.
• 1:19
  Speaker 2: I am confident that the Chinese will come to the
• 1:24
  Speaker 2: table when President Trump makes his preferences known.
• 1:29
  Speaker 1: So so far from ninety deals in ninety days one,
• 1:33
  Speaker 1: in the words of the Treasure Secretary, stalled negotiation, one framework,
• 1:38
  Speaker 1: so we'll call it one and a half. But ninety
• 1:41
  Speaker 1: ninety days it could still happen. There is to be
• 1:43
  Speaker 1: fair time left, just less and less of it by
• 1:48
  Speaker 1: the day. And if you think about it, even if
• 1:51
  Speaker 1: you don't know anything about trade, think about the state
• 1:54
  Speaker 1: of America's bargaining power, the state of the administration's ability
• 2:00
  Speaker 1: to have any leverage. Imagine you're a trade negotiator representing
• 2:04
  Speaker 1: another country in these negotiations. It's not exactly classified. You
• 2:08
  Speaker 1: pick up any newspaper and you'll see the stories pile
• 2:11
  Speaker 1: up court rulings while currently pause, pending appeal, or casting
• 2:15
  Speaker 1: serious doubt on Trump's authority to make good on any
• 2:19
  Speaker 1: of his tariff threats. In other words, that there's an
• 2:21
  Speaker 1: open question as to whether or not the people sitting
• 2:24
  Speaker 1: opposite you at the bargaining table representing America can legally
• 2:29
  Speaker 1: impose tariffs. What is the incentive to make any concessions
• 2:33
  Speaker 1: at all in a deal with the US. In its
• 2:37
  Speaker 1: latest reporting, the Washington Post quoted a former Indian Commerce
• 2:40
  Speaker 1: Ministry official who said this quote, These tariffs may or
• 2:44
  Speaker 1: may not be there, but agreements are forever. How can
• 2:47
  Speaker 1: we give him concessions on something that may not even last.
• 2:51
  Speaker 2: It's a good question.
• 2:53
  Speaker 1: Meanwhile, the Trump aid who touted ninety deals in ninety
• 2:56
  Speaker 1: days insists there's nothing to see here. Everything is fine.
• 3:01
  Speaker 3: So look, the terroriffs remain in place. The court told
• 3:07
  Speaker 3: us they didn't all but tell us. They told us,
• 3:10
  Speaker 3: go do it another way. So you can assume that
• 3:14
  Speaker 3: even if we lose, we will do it another way.
• 3:17
  Speaker 3: And I can assure you American people that the Trump
• 3:20
  Speaker 3: tearror agenda is alive, well, healthy, and will be implemented
• 3:24
  Speaker 3: to protect you. There's going to be within the next
• 3:28
  Speaker 3: I don't know, say a few days, because that puts
• 3:30
  Speaker 3: me too much offspot. But you will see a cascade
• 3:33
  Speaker 3: of new deals coming out in the near future, and
• 3:36
  Speaker 3: these will all be good for the American people.
• 3:39
  Speaker 1: Okay, So mister ninety deals in nine days is now
• 3:42
  Speaker 1: promising a quote cascade of deals in the next quote
• 3:47
  Speaker 1: a few days.
• 3:50
  Speaker 2: Okay.
• 3:51
  Speaker 1: It calls to mind the wise words of one very
• 3:54
  Speaker 1: famous deal maker quote, you can't con people, at least
• 3:59
  Speaker 1: not for long. You can create excitement, you can do
• 4:02
  Speaker 1: wonderful promotion and get all kinds of press, and you
• 4:05
  Speaker 1: can throw in a little hyperbole, but if you don't
• 4:08
  Speaker 1: deliver the goods, the people will eventually catch on. Of course,
• 4:14
  Speaker 1: that deal maker was Donald J. Trump himself. Go figure.
• 4:18
  Speaker 1: It's where we start today with some of our favorite
• 4:20
  Speaker 1: reporters and friends. MPR financial correspondent Maria Aspin is here,
• 4:24
  Speaker 1: also joining US Professor of Economics and Public Policy at
• 4:27
  Speaker 1: the University of Michigan Justin Wolfers is here, also joining
• 4:31
  Speaker 1: US MSNBC political analysts hosts of the Bulwark podcast, Tim
• 4:34
  Speaker 1: Millers Here. Tim, I'm going to start with you because
• 4:36
  Speaker 1: I know this is economic in nature and is about trade,
• 4:41
  Speaker 1: but it's really about Donald Trump and the absolute tsunami
• 4:45
  Speaker 1: of bloni that comes from his mouth. Ninety deals in
• 4:49
  Speaker 1: ninety days is in the same vein as Mexico's going
• 4:52
  Speaker 1: to pay for the wall. There are no deals. There
• 4:56
  Speaker 1: is one framework and in the words of Scott Besant,
• 5:00
  Speaker 1: one installed conversation that has commenced with China.
• 5:03
  Speaker 4: That is it. Yeah, can you have a baloney taco?
• 5:08
  Speaker 4: That doesn't sound very good? I was trying to make
• 5:10
  Speaker 4: our food metaphorse with the Trump trade deals. Look, here's
• 5:14
  Speaker 4: the thing about all this, it's it's all been blustering,
• 5:17
  Speaker 4: fake from the start, right, And like the question was
• 5:20
  Speaker 4: how much of this was he going to be allowed
• 5:22
  Speaker 4: to do by the courts, How crazy was the advisors
• 5:26
  Speaker 4: around him going to let him get? How bad were
• 5:29
  Speaker 4: they going to let the bond market get? But it is,
• 5:34
  Speaker 4: you know, the whole Trump m you know on this,
• 5:37
  Speaker 4: it's this, as you mentioned, it is how he was
• 5:40
  Speaker 4: as a businessman. It's exactly the same thing that we're
• 5:43
  Speaker 4: seeing in the Russia Ukraine negotiations. I was just kind
• 5:46
  Speaker 4: of listening to you talk about how we ninety nails
• 5:48
  Speaker 4: in ninety days and then it's going to be a
• 5:49
  Speaker 4: few days and a few more days. It's the same
• 5:51
  Speaker 4: thing as the Russia Ukraine thing. I think he keeps
• 5:53
  Speaker 4: saying it's gonna be two weeks, and we're it's all
• 5:54
  Speaker 4: in two weeks and two weeks. He's been saying two
• 5:56
  Speaker 4: weeks for three months. So like that is just the
• 6:00
  Speaker 4: reality of this. It's chaotic leadership. He has a direction
• 6:04
  Speaker 4: that he wants to go, which is he wants people
• 6:05
  Speaker 4: to come in and ask for him for favors and
• 6:08
  Speaker 4: he wants to feel powerful and the tariff card allows
• 6:13
  Speaker 4: him to do that. But there's no actual plan here.
• 6:16
  Speaker 4: And I was mostly struck by listening to Bessant over
• 6:19
  Speaker 4: on Fox. And it's like the Chinese will come to
• 6:23
  Speaker 4: the table, he said. I think when Trump lets his
• 6:25
  Speaker 4: priorities be known, it's like, what have we been doing
• 6:29
  Speaker 4: so far? Like the Chinese don't know what Trump's priorities are.
• 6:31
  Speaker 4: I thought we had a deal with the Chinese, Like
• 6:33
  Speaker 4: it's all smoking mirrors because they can't make any deals
• 6:37
  Speaker 4: because the courts may not allow it and they don't
• 6:39
  Speaker 4: know what the boss wants day to day.
• 6:42
  Speaker 1: Yeah, I mean, justin jump in on on what Tim
• 6:47
  Speaker 1: is talking about. How do you make a deal with
• 6:50
  Speaker 1: a nation pertaining to trade with across the board tariffs
• 6:54
  Speaker 1: and specific tariffs on and then paused and then reduced
• 6:59
  Speaker 1: while paused and then off pause if you don't even
• 7:02
  Speaker 1: know if the thing that's been on, off, paused, reduced,
• 7:05
  Speaker 1: and raised is his authority to grant or take off?
• 7:12
  Speaker 5: Yeah? I don't even know. How do I answer that question?
• 7:16
  Speaker 5: Tell you the truth, Nicole, It's I was like, I
• 7:20
  Speaker 5: am an economist I do have a PhD in these things.
• 7:22
  Speaker 5: And then when you say it that way, there's the
• 7:24
  Speaker 5: pause that was paused, and then they paused the pause
• 7:26
  Speaker 5: on the pause.
• 7:29
  Speaker 1: Yeah, yeah, and then they lacked it and then again yeah.
• 7:34
  Speaker 5: After the pause that was paused was paused, then the
• 7:36
  Speaker 5: courts blocked it, and then they blocked the block, which
• 7:39
  Speaker 5: means it's unblocked. And I sometimes the way I try
• 7:42
  Speaker 5: to answer this is I think to myself, imagine, I
• 7:45
  Speaker 5: get to do this, not all the viewers do. Imagine
• 7:47
  Speaker 5: the Australian Prime Minister called me and asked for advice
• 7:49
  Speaker 5: right now, It's actually useful way of thinking about this.
• 7:53
  Speaker 5: I just say stay home, you don't know what this
• 7:56
  Speaker 5: bloke's going to do, or say we do know from
• 7:59
  Speaker 5: the British wh not a deal. That he just walked
• 8:03
  Speaker 5: into the room and they said the tariffs are ten percent.
• 8:05
  Speaker 5: That's what it is, full stop, no deal, And then
• 8:09
  Speaker 5: they made a couple of little carve outs so that
• 8:11
  Speaker 5: they could each have a press conference and each try
• 8:13
  Speaker 5: to convince their own populations. There were useful things going on.
• 8:17
  Speaker 5: So I do think the President made the present fashions
• 8:21
  Speaker 5: himself as a great negotiate, But I actually think he
• 8:23
  Speaker 5: made a really really tragic mistake. Look, if what he
• 8:27
  Speaker 5: wanted to do was get the attention of another country,
• 8:29
  Speaker 5: say China, he did that by imposing tariffs. But you
• 8:34
  Speaker 5: don't have to impose the tariff, which by the way,
• 8:36
  Speaker 5: hurts the American people. You can just call the president
• 8:40
  Speaker 5: she and say I could impose tariffs. You just have
• 8:45
  Speaker 5: to say, you've got the magma. Everyone understands that by
• 8:47
  Speaker 5: actually imposing the tariff that led the court to say, no,
• 8:52
  Speaker 5: you can't do that. Now he's actually shown that there's
• 8:55
  Speaker 5: nothing left we had. I just I have to get
• 8:58
  Speaker 5: this in for you, Nicole. You're gonna love it. Yes,
• 9:00
  Speaker 5: Tim talked about the taco, but what we had yesterday
• 9:03
  Speaker 5: was the burrito. We had the blatantly on unconstitutional rewriting
• 9:08
  Speaker 5: of the rules of international trade.
• 9:10
  Speaker 2: That's so good.
• 9:12
  Speaker 1: That's so bad. I'm going to have to make a
• 9:15
  Speaker 1: graphic in the break so that we can come back
• 9:18
  Speaker 1: with that. Say it one more time.
• 9:21
  Speaker 5: The blatantly unconstitutional rewriting of the rules of international trade. Obviously,
• 9:27
  Speaker 5: and look, oh, I love it, Nicole, I get one
• 9:30
  Speaker 5: more in for you.
• 9:31
  Speaker 1: Tell me.
• 9:32
  Speaker 5: What we really need in response is a charo We
• 9:35
  Speaker 5: need to understand that the courts have ultimate responsibility to
• 9:38
  Speaker 5: restore order.
• 9:40
  Speaker 1: Yeah h.