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The New York Fed released a troubling report detailing the risk of Collateralized Loan Obligation (CLO) exposure in the insurance industry. Over the past several years, private equity has taken larger and larger stakes in insurers who are historically risk averse. But now they’re acting more like hedge funds in their investment strategies and have more than $2 trillion in corporate debt exposure and nearly $300 billion of it is in mezzanine financing packaged much in the way mortgage backed securities (MBS) were in the run up to the Global Financial Crisis (GFC). Against the backdrop of persistent inflation, a renewed round of tariffs, elevated oil prices, the war in Iran and historic consumer debt, the economy is like a tinderbox. The jelly bean theory holds that you can only reach into the jar so many times before you eventually pick the black jelly bean. Apologies in advance to all those who like black licorice flavored jelly beans. Resources Bloomberg: Oil Takes Out $100 to Hit Two-Month High as Iran War Expands Reuters: Trump to impose ‘forced labor’ duties on Friday as temporary 10% US tariffs expire The New York Times: What to Know About Trump’s Tariffs on Canada, and What’s Next Brookings: Macroeconomic implications of immigration flows in 2025 and 2026: January 2026 update Bloomberg: The US Is Flirting With Its First-Ever Population Decline The New York Times: Alphabet Quadruples Profit to $112 Billion, Fueled by A.I. Investments CNBC: See how much prices have increased since 2020 — in one chart Bloomberg: Long Bonds Are Ringing a 2008 Alarm Bell New York Fed: Insurance Companies and the Growth of Corporate Loans’ Securitization Investopedia: Nationally Recognized Statistical Ratings Organization (NRSRO) Definition The DESK: Rules & Ratings: Ratings agencies spar in private ratings legitimacy debacle UNFTR Resources Video: Trump is Running Us Off a Cliff | CLOs Echo the Global Financial Crisis. Episode: Is Private Credit the Pin That Pops the Bubble? Essay: Trump and the Black Jelly Bean Theory. -- If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com. Become a member at unftr.com/memberships. Buy yourself some Unf*cking Coffee at shop.unftr.com. Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations. Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibilitySupport the show: https://www.unftr.com/membershipsSee omnystudio.com/listener for privacy information.
The president is unveiling new tariffs on global imports, escalating trade tensions around the world—including with our neighbors to the north. The escalating feud between Canada and the U.S. comes just as the Gordie Howe International Bridge prepares to open to traffic on Monday, connecting Detroit, Michigan and Windsor, Ontario in a landmark crossing. FOX Business Correspondent Lydia Hu joins FBN's Gerri Willis from Windsor to discuss the canceled joint opening celebrations following President Trump's announcement of 50% tariffs on most Canadian goods. Learn more about your ad choices. Visit podcastchoices.com/adchoices
The Trump administration imposed tariffs of between 10% and 12.5% on goods from 60 countries, accusing them of failing to police imports of goods made with forced labour. Hosted on Acast. See acast.com/privacy for more information.
The Trump administration has imposed new tariffs on dozens of America's trading partners. Families of victims in a Georgia school shooting address the suspect in court. Cases linked to the massive cyclospora outbreak expand to more states - we'll tell you where. CNN is on board a Philippine vessel as Chinese ships blast it with water cannon near a disputed shoal in the South China Sea. And United Airlines is getting rid of some middle seats – but it'll cost you if you want to sit in the roomier rows. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Carl Quintanilla, Leslie Picker and Michael Santoli led off the show with market reaction to Intel's better-than-expected Q2 results — with the AI boom fueling the company's fastest revenue growth in almost 15 years. The anchors also explored why software stocks were in rally mode, while memory chip shares slumped. Crude oil prices and the U.S.-Iran conflict: WTI and Brent on pace for a third consecutive week of gains. Also in focus: President Trump imposes new tariffs on dozens of countries and weighs in on the AI data center backlash; American Express and Verizon shares head in opposite directions on earnings news; Elon Musk's message to The Economist magazine on AI; Oracle's 10-year, $7 billion Pentagon contract; How low can SpaceX go? Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Markets search for stability after a tech-led selloff and a spike in oil prices, with renewed tariff fears adding another layer of uncertainty for investors. On today's Squawk on the Street, we break down what's driving sentiment and what it means for the broader market. Plus, Intel gives up an early post-earnings rally as investors reassess the chipmaker's outlook. Then one top analyst explains why this week's surge in memory-chip stocks could still have much further to run. And we examine the outlook for the housing market as mortgage rates climb to their highest level in a year. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Let's talk about Trump hitting Canada with more tariffs….
"For an experiment, I denoted the last ten generations and attempted to define the song of their generation. Some were easy and some quite difficult. I offer five possibilities first and then pick. See if I made the correct choice."
July 22, 2026, 6pm: President Trump's nominee for attorney general, current Acting Attorney General Todd Blanche, faces pushback ahead of his confirmation vote. MS NOW's Ari Melber reports and is joined by former FBI General Counsel Andrew Weissmann. Plus, veteran journalist Geraldo Rivera joins to discuss President Trump's immigration crackdown. To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
P.M. Edition for July 22. WSJ special writer Theo Francis explains how startup founders, hedge-fund managers and Silicon Valley insiders are using IRAs to supercharge their wealth. Plus, trade uncertainty comes roaring back. WSJ trade and economic policy reporter Gavin Bade explains the Trump administration's new front on tariffs. And Journal reporter Sam Federman explains how the New York Mets turned baseball's highest payroll into its biggest waste of money. Danny Lewis hosts. Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Thaddeus McCotter. Thaddeus McCotter discusses how high gasoline prices and affordability issues weigh on the upcoming U.S. midterms. The conversation also covers the Trump administration's use of punitive tariffs against Canada, drawing parallels to the Smoot-Hawley Act, which historically exacerbated the Great Depression by triggering international trade wars. (13)
Send us Fan MailPeaches and Trent go full members-only to recap a year that felt like five. From terrorist attacks, wildfires, assassinations, space rescues, and government shutdowns to aliens, Epstein files, celebrity nonsense, and why trusting the government is a losing game—nothing is off limits. This isn't a polished news recap; it's a brutally honest, dark-humored breakdown of 2025 through the lens of people who've lived inside the machine. If you want clean narratives and corporate-approved takes, this isn't for you. If you want reality, context, and zero restraint—welcome back to the team room.⏱️ Timestamps: 00:00 Ones Ready intro and why this is members-only 01:30 2025 started violent—and never slowed down 04:45 Government corruption isn't new 07:30 California fires and rebuilding failure 10:50 Tariffs, economics, and selective outrage 13:40 Space, aliens, and why nothing makes sense 17:30 Elon Musk, tech, and public enemy status 19:45 Global conflicts and selective morality 23:30 Drug war hypocrisy and border reality 27:10 Political assassinations and narrative collapse 33:00 Government shutdowns and fake crises 38:30 Epstein files and bureaucratic incompetence 44:30 Holidays, military life, and reality checks 48:45 Final thoughts on 2026
With a major earnings season kicking off for the mega-cap tech names, an obscure volatility measure is pointing to a potential breakout — but the bar is sky-high and geopolitical headwinds are creating an unusually uncertain backdrop. How these earnings come in will likely determine whether the broader market can hold its current levels or breaks down.Today's Stocks & Topics: The Western Union Company (WU), Market Wrap, Danaher Corporation (DHR), Trump Imposes 50% Tariffs on Canadian, NIKE Inc. (NKE), Can the Magnificent Seven Earnings Hold the Market Up?, Cameco Corporation (CCJ), Cameco Corporation (CCJ)¸ Target Corporation (TGT), U.S. Oil.Our Sponsors:* Check out Chilipad and use my code INVEST for a great deal: https://sleep.me* Check out Plaud AI and use my code INVEST for a great deal: https://plaud.ai* Check out Quince and use my code quince.com/invest for a great deal: https://www.quince.com* Check out TruDiagnostic and use my code INVEST20 for a great deal: https://www.trudiagnostic.comAdvertising Inquiries: https://redcircle.com/brands
President Trump said on Truth Social last night that he's planning a 100% tariff on generic drugs coming into the U.S. starting in 2028, which would jump to 200% a year after. This threat comes as the Trump administration is poised to announce another round of sweeping tariffs, which would replace existing import duties expiring this Friday. Also: one of the world's largest health databases and a pause in federal Medicaid payments to California and Minnesota.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
1. Trump Administration's 50% Tariff on Canadian Goods Main points: The administration argues that Canada has unfairly discriminated against U.S. products, particularly: American automobiles Alcohol products Dairy exports The tariff is presented as a way to protect: American workers Manufacturers Farmers Domestic industries The policy reportedly uses Section 338 of the Tariff Act of 1930, a rarely used authority allowing tariffs on countries deemed to discriminate against U.S. commerce. Not all Canadian goods would be affected: Energy products Fish Critical minerals Other strategic goods are reportedly exempt. The commentary argues that Canada depends more on access to the U.S. market than vice versa and predicts Canada may eventually negotiate. 2. Minnesota Welfare Fraud and IRS Investigation Main points: Fraud could total in the billions of dollars The "Feeding Our Future" fraud scandal and broader allegations involving public benefits programs. Treasury Secretary Scott Bessent is said to have announced: IRS audits of financial institutions Investigations by FinCEN (Financial Crimes Enforcement Network) A federal task force to examine money laundering tied to the fraud Follow the path of funds after they were allegedly stolen and determine whether: Banks Money service businesses Financial intermediaries knowingly facilitated money laundering or ignored suspicious activity. Please Hit Subscribe to this podcast Right Now. Also Please Subscribe to the The Ben Ferguson Show Podcast and Verdict with Ted Cruz Wherever You get You're Podcasts. And don't forget to follow the show on Social Media so you never miss a moment! Thanks for Listening X: https://x.com/benfergusonshowYouTube: https://www.youtube.com/@VerdictwithTedCruzSee omnystudio.com/listener for privacy information.
July 21, 2026 - 6am: U.S., Iran trade strikes for 10th straight day Pentagon identified two soldiers killed in action in Jordan Red Sox extend win streak to 14 games FIFA fallout: Argentina players face bans as FIFA opens investigation into World Cup finals brawls Staff writer at the New Yorker Lauren Collins discusses her new book: “They Stole a City: Wilmington's White Supremacist Coup and the Families Who Live with Its Legacy" To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Robach and Holmes cover the latest news headlines and entertainment updates and give perspective on current events in their daily “Morning Run.”See omnystudio.com/listener for privacy information.
This week on Stephanie Miller's Happy Hour Podcast, join Stephanie and her crew as they dive into the chaos of the week, from the World Cup celebrations to the absurdities of political discourse. They discuss Spain's triumphant victory and the cringe-worthy antics of a certain former president trying to steal the spotlight. With laughter and sharp commentary, Stephanie tackles the backlash over recent guest opinions, the ridiculousness of political correctness, and the ongoing debate over free speech. The conversation takes a serious turn as they reflect on the tragic consequences of war and the impact on American service members, all while maintaining their signature humor. With guests Charlie Pierce and Mike Nellis, this episode offers a mix of wit and wisdom that you won't want to miss!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Robach and Holmes cover the latest news headlines and entertainment updates and give perspective on current events in their daily “Morning Run.”See omnystudio.com/listener for privacy information.
Robach and Holmes cover the latest news headlines and entertainment updates and give perspective on current events in their daily “Morning Run.”See omnystudio.com/listener for privacy information.
Tuesday, July 21. The seven stories you need to know today.Read today's briefing.
Andy Burnham, Britain's new prime minister, began appointing his cabinet. Hosted on Acast. See acast.com/privacy for more information.
Defense Secretary Pete Hegseth prepares to testify in front of Congress as US servicemember deaths and injuries mount in the Middle East. Has President Donald Trump reignited another trade war with Canada? Arizonans go to the polls in a key test for the MAGA movement. The new Maine Democratic Senate frontrunner is facing questions about his temperament. And 74 years after it crashed, the wreckage of a Pan Am flight is discovered off the coast of Puerto Rico. Learn more about your ad choices. Visit podcastchoices.com/adchoices
U.S. Trade Representative Jamieson Greer signaled another round of President Trump's tariffs is on the way, on the heels of a new 50% levy on Canadian goods as varied as wine and hockey sticks. Greer says he expects action soon. The cyclospora pathogen is sparking fears – and false positives - as regulators struggle to determine the source of the recent explosive diarrhea outbreak. Former FDA Commissioner Dr. Scott Gottlieb describes why this parasite is harder to track down than others. Plus, the U.S. has carried out its 10th consecutive evening of attacks on Iran, as the Middle East conflict approaches the five-month mark. Eamon Javers - 04:01 Jamieson Greer - 16:50 Dr. Scott Gottlieb - 33:24 In this episode: Jamieson Greer, @jamiesongreer Scott Gottlieb, @scottgottliebMD Eamon Javers, @eamonjavers Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Invest Like a Billionaire - The alternative investments & strategies billionaires use to grow wealth
Tariffs are only part of the story. In this episode, Ellis Hammond sits down with Bob Fraser and Ben Fraser to break down the real economic battle between the U.S. and China. Learn how tariffs, industrial policy, semiconductors, AI, rare earth minerals, and free markets are shaping the future of the global economy and what every investor should understand to navigate the opportunities and risks ahead.Have more questions, or want more resources like a tax calculator? Go to https://investlikeabillionaire.org/ to learn more about our community. Check out Ben & Bob's company and invest along at https://aspenfunds.us/
Robach and Holmes cover the latest news headlines and entertainment updates and give perspective on current events in their daily “Morning Run.”See omnystudio.com/listener for privacy information.
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In this episode we dive into the United States' beef with Canada and check in on the Tropical storm heading toward the Gulf Coast. And we explore new polling about who the Democrats should send up as a presidential candidate next election.
Market update for Tuesday July 21, 2026Check out the Public app for incredible investing tools and to support the show (LINK)Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions.In today's episode, Zaid covers:Why a calm S&P 500 is hiding historic volatility beneath the market's surfaceTrump's new 50% tariffs on certain Canadian goods (and the looming legal fight)How GM is growing profits while selling fewer carsWhy 3M and Nebius are surging while Equifax gets hammeredHow the World Cup boosted American hotels, bars and FIFA's bottom line
Today's top stories, with context, in just 15 minutes.On today's podcast:1) The US and Iran exchanged strikes for a 10th consecutive day as mediators sought to revive a truce, with the US targeting military command centers and Iran attacking US military sites in Kuwait and Jordan. The Houthi militant group in Yemen threatened shipping in the Red Sea, and the Saudi-led coalition said it is taking steps to protect ships sailing in the area. Oil prices have surged and US retail gasoline prices have climbed back over $4 a gallon, potentially hurting Trump and his Republican Party before midterm elections.2) The Trump administration vowed to impose a fresh 50% tariff on some Canadian goods over what it said was unfair treatment of American alcohol, cars and dairy. The items subject to the new tariff include milk, hockey equipment, beer and plywood — but not major resource imports such as energy, potash and critical minerals. The tariffs are being applied under Section 338 of the 1930 Tariff Act, which gives the president the power to impose duties of as much as 50% on countries deemed to discriminate against US commerce.3) President Trump said he had a “very good conversation” with new UK Prime Minister Andy Burnham and that they would be meeting in the “not too distant future." Trump and Burnham discussed many subjects, including the outstanding relationship between the US and the UK, North Sea oil, trade, and demining the Strait of Hormuz. Burnham's office said the prime minister congratulated Trump on the World Cup tournament and invited the president to visit Manchester in one of his first calls as UK leader.See omnystudio.com/listener for privacy information.
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Today on America in the MorningUS & Iran Trade Missile & Drone Strikes Last night, U.S. Central Command said strikes were launched against targets inside Iran for a 10th straight night... with Iran focusing on hitting US assets in Middle East allied countries - and the potential for others to engage in hostilities increasing. John Stolnis has more from Washington. Trump's New Canada Tariffs President Trump announced the United States will impose a 50% tariff on a series of Canadian goods, declaring that Canada has unfairly discriminated against American autos, alcohol and dairy products. Correspondent Jennifer King reports the move comes as the president is also mulling additional tariffs due to wildfire smoke coming from Canada into the US, and Ontario Premier Doug Ford responded saying Canada should respond dollar for dollar, threatening a new trade war. Tate Brothers Held Andrew and Tristan Tate will remain behind bars for now after appearing in a Miami court on rape and other charges. Lisa Dwyer reports that the social media influencer brothers are fighting extradition to the UK after their arrest over the weekend. NY Explosive Device A man was taken into custody on Monday after he allegedly threw an incendiary device outside a federal building in Manhattan. Correspondent Clayton Neville reports several people had non-life-threatening injuries. Gas Prices Rising Due to the renewed fighting between the US and Iran and uncertainty in the Strait of Hormuz, oil prices have risen, and so has the price at the pump. Correspondent Ed Donahue reports the price of gas nationwide has pushed above $4 dollars-a-gallon. Warnings For Bertha Alerts are being raised from Tampa Bay to the Southeast Texas coast as Tropical Storm Bertha has formed in the Gulf of America. South Carolina Senate Race The race is on to win the U.S. Senate seat from South Carolina that suddenly became vacant with the death of longtime incumbent Republican Lindsay Graham. Correspondent Rich Johnson sorts out who is running, who is not, and who is defying President Trump who already handed out his endorsement. Talarico's Town Hall As the South Carolina US Senate race is still taking shape, a high-profile Senate race in Texas is neck and neck, and is seemingly becoming more tense as we approach the midterms. Correspondent Clayton Neville reports from Dallas on the battle between Republican and current state Attorney General Ken Paxton, and Democrat state Representative James Talarico. Mississippi Teenager's Death Investigation People in Mississippi gathered for a memorial service for 18-year-old Nolan Wells in the small town of Ocean Springs as questions remain about his death. Jennifer King reports that those questions include how the teen high school football player died, and the circumstances surrounding his death. Sanctuary City Case Dismissed A judge has dismissed the Trump administration's lawsuits against Minneapolis and St. Paul, Hennepin County and the state of Minnesota over what the Justice Department describes as "sanctuary city policies." Five Dead In Ohio River In Ohio, authorities are trying to figure out how one person who started to drown in a river led to five people losing their lives. The details from correspondent Lisa Dwyer. Finally A judge has pressed the pause button on the merger between Paramount and Warner Brothers. Entertainment reporter Kevin Carr has the details. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Listen to the July 21st, 2026, daily headline round-up and find all the top news that you need to know.
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The United States applies a 50 per cent tariff on a range of Canadian products, Saudi Arabia has condemned a naval blockade declared by Yemen's Iran-aligned Houthis. A Former FIFA referee says its too soon for a decision on expanding the World Cup ...
In this episode, we kick things off by examining a massive escalation in the U.S.-Canada trade fight as President Trump announced sweeping fifty percent tariffs on roughly twenty billion dollars worth of Canadian imports scheduled to take effect in thirty days. Using an obscure authority from the Tariff Act of 1930, the new duties will apply even to goods that qualify under the U.S.-Mexico-Canada Agreement, prompting Ontario's premier to demand reciprocal measures if the tariffs take effect. Next, we explore a high-stakes legal battle heading for oral arguments this fall as federal agencies prepare to defend the FMCSA's controversial restrictions on non-domiciled commercial driver's licenses in the D.C. Court of Appeals on September 15. Petitioners argue the February rule will render ineligible ninety-seven percent of noncitizens who currently hold a CDL, broadly prohibiting asylum seekers, refugees, and DACA recipients from obtaining licenses even though they are legally authorized to work in the United States. Finally, we cover a new threat to a critical shipping corridor as Houthi rebels in Yemen declared a naval blockade of Saudi Arabia at the Bab al-Mandab Strait at the southern end of the Red Sea. This escalation comes just as major container carriers had recently announced a return of scheduled services to the key route connecting Asia with Europe and North America, raising the risk of wider disruption in a region that is strategically vital for global energy exports and maritime traffic. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices
President Donald Trump on Monday announced sweeping tariffs against Canada, including 50% on electrical equipment and machinery which are among the steepest tariffs his administration has levied against any country. Director of international policy at the New North America Institute, University of Calgary, Carlo Dade said they are concerned that pushing back against the tariffs would result in consequences. "We've largely accepted that sticking our head up would get us hit hard by the Americans," he told Andrew Dickens. LISTEN ABOVE See omnystudio.com/listener for privacy information.
July 20, 2026: 8am — Trump threatens Canada with tariffs over wildfire smoke To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
With Tax day behind us and the onslaught of tariffs in the US, Anney and Samantha dig into sexism embedded in the tax code, pink taxes and pink tariffs in this classic episode.See omnystudio.com/listener for privacy information.
Many know of President Arthur's work on civil service reform. Less known is that he also sought to change his party's position on the use of tariffs. He had been a customs official, the nation's highest. In that job he learned to work with businessmen and merchants. When he became President, he turned his attetnion on the high taxes on imports of his day. As a 19th century Republican this was near heresy. His effort was only partially successful, but it would stoke discussion on tariff reform for the next half century. Learn more about your ad choices. Visit megaphone.fm/adchoices
The so called experts said President Trump's tariffs would send prices soaring. They were wrong. Again. The latest Consumer Price Index numbers didn't just come in lower than expected. They came in four times better than economists predicted, with prices actually falling in key areas of the economy. Let that sink in. Prices are going down, not up. The fear campaign has officially collapsed. For months, the media, Wall Street, and the political class promised Americans that tariffs would spark runaway inflation. Instead, we've got the exact opposite. Inflation continues to cool, proving what many of us have been saying all along. Tariffs are not being passed on to consumers the way the critics claimed. America is collecting billions in tariff revenue while families are getting relief. This is what an America First economy looks like. President Trump is putting this economy on a rocket ship. Manufacturing is returning. Investment is pouring back into the United States. Jobs are growing. Confidence is rising. And now inflation is moving in the right direction. The best part? We're only getting started. The One Big Beautiful Bill continues to take effect, you'll see more investment, more growth, lower taxes, and an economy that rewards American workers instead of shipping jobs overseas. The doomsday predictions have failed. The facts are undeniable. President Trump's economic agenda is working, and America is proving once again that when we put our own citizens first, prosperity follows. Sponsors The Maverick Systemhttps://TheMaverickSystem.com Patriot Mobilehttps://PatriotMobile.com/Grant The Wellness Companyhttps://TWC.Health/GrantPromo Code: GRANT for 10% off Lost Soldier Oil & Gashttps://LostSoldier.com See omnystudio.com/listener for privacy information.
Bill and Scott welcome Dan Anthony, president of Trade Partnership Worldwide, to discuss recent tariffs and their impact on small businesses.
The President is calling on Canada to "get the wildfires under control." President Trump said he told Canadian Prime Minister Mark Carney that Canada needed to do more to contain the fires in Ontario, whose smoke has affected air quality across the US, including Connecticut. Does the Connecticut Republican party agree with the president to threaten Canada with tariffs because of the fires? We asked state Senator Tony Hwang representing parts of Fairfield County.Image Credit: Eric Urbanowicz
The Supreme Court blocked Trump's emergency tariff strategy. So why is the tariff agenda already coming back through different laws? David McGarry explains who actually pays tariffs, why the costs multiply, and how protectionism can undermine America's own China strategy. Donald Trump originally relied on the International Emergency Economic Powers Act, commonly called IEEPA, to impose sweeping tariffs. After the Supreme Court rejected that legal theory, the administration turned toward Section 122 tariffs and Section 301 investigations. Josh Martens and David McGarry also break down trade deficits, Article I tariff authority, American manufacturing, retaliatory tariffs, farm bailouts, corporate welfare, supply-chain resilience, and why tariffs are ultimately taxes paid by Americans. David McGarry is the research director at the Taxpayers Protection Alliance. Find his work at @davidbmcgary and protectingtaxpayers.org. Chapters 00:00 David McGarry joins Good Morning Liberty 01:15 Liberty, Los Angeles, and political tribes 13:45 The Supreme Court tariff battle 18:15 Who actually pays tariffs? 21:00 Congress and the history of tariff power 26:15 Trade deficits, steel, and invisible job losses 31:30 When every problem becomes a tariff nail 36:45 Trade happens between individuals 45:30 Supply chains, baby formula, and free trade 52:45 Retaliation, bailouts, and the taxpayer triple hit 1:02:45 Tariffs, allies, China, and global tensions 1:12:00 Local government and one change for liberty Links Watch All Episodes: https://www.youtube.com/playlist?list=PLi78svKlBr_8o0dDOX8DxO_Wwxu6WYhhA Watch Host Favorites: https://www.youtube.com/playlist?list=PLi78svKlBr__Zu40RL7mWxCuOOe54zgy2 Join the Fed Haters Club @ https://www.goodmorningliberty.us/fedhatersclub Join GML: https://joingml.com All links @ https://gml.bio.link Subscribe for more libertarian interviews. Like the video, comment with your take, and share it with someone who still thinks foreign countries pay American tariffs. Then find Good Morning Liberty on your podcast app and leave a rating and review. https://x.com/davidbmcgarry?s=20 https://www.protectingtaxpayers.org/
More Tariffs
The tariffs are going to be refunded to Ford, and the consumers want the money coming back to them. https://www.lehtoslaw.com
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The White House has proposed new tariffs on 60 countries that allegedly aren't doing enough to ban forced labor. Domestic businesses, already burned from last year's trade war, are bracing for more hurt. In this episode, companies weigh early orders against rising costs. Plus: Recent positive inflation data could convince the Fed to hold interest rates steady, Kroger buys Giant Eagle in ongoing effort to unseat Walmart as the supermarket market-share king, and parents sacrifice to put their kids through youth sports.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Read the stories from today's episode: Retailers map out tariff strategiesThe Fed digests an optimistic week for economic dataTraditional supermarkets are struggling. Kroger hopes its Giant Eagle merger will helpBusiness Botox: What it takes to sell a luxury homeYouth sports have turned into a five-figure-a-year commitment for many parents