Trump's Tariff Gamble EXPLAINED with Chamath

Listen to this episode from Andrew Schulz's Flagrant with Akaash Singh on Spotify. YERRR BONUS EP - the guys needed to get a breakdown of what was going on in the financial world so they brought in Chamath Palihapitiya from the All-In Podcast to explain to us what's going on with the tariffs, the economy, Trump and much much more. INDULGE00:00 Rant!00:43 What are the tariffs?5:32 Other countries use of tariffs9:39 The United States is the truly global leader14:09 Reliance on others + Tariff helping self-sufficiency16:55 Was the formula haphazard?18:28 What is a trade deficit?21:26 Using other countries as loopholes23:54 Can China step in and exploit? Trading NATO29:33 Job creation through tariffs?34:23 Being world's consumer + Political Cronyism39:29 Understanding America's debt49:36 Trump is truly MAGA + Tariff shocked the market53:08 Stock Market slumping's impact + What is inflation?1:01:21 America needs growth + Elon's record1:06:18 What is the downside to tariffs? Trump willing to talk1:13:58 Being prepared this time around1:16:58 How Chamath uses his capital1:20:12 Chamath doesn't own public stocks + Recession incoming?1:23:36 Are Recessions Republican led?1:25:44 Views on the outcome? Waiting this out Learn more about your ad choices. Visit megaphone.fm/adchoices