The Trump administration mistakenly assumed tariffs would not be inflationary because the first trade war lacked inflationary effects, failing to understand that Chinese companies circumvented the first tariffs by relocating production to Southeast Asia; this time tariffs are designed to eliminate all backdoors.

causalpending

Speaker

David Woo

Evidence Quote

Chinese companies were able to set up shop very quickly somewhere else in the Philippines, Indonesia... they were able to circumvent the US tariff

Source

David Woo: What Trump Started is Worse Than a Trade War | Odd LotsBloomberg Podcasts
Created: 8/11/2026, 7:05:28 AM

My Notes

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