The Finance Bible

#97 How Trump's Return Shakes the Global Economy

Zeke Guenthroth and Oscar Don
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00:00 | 25:46

Ready to uncover the economic tremors set off by Donald Trump's return to the White House? This episode dives into how his administration's policies are reshaping not only the U.S. economy but also sending ripples across the globe, particularly in Australia. 

We discuss the revival of American manufacturing, illustrated by Trump's controversial decision to skirt a $1.6 billion auto plant project in Mexico in favour of investing in jobs back in the U.S. This shift is not just a local affair; it has significant implications for Australia, where economic experts and politicians are contemplating a rekindling of domestic manufacturing to bolster the economy and create jobs. 

This episode also highlights the lifting of tariffs on Australian wine exports to China—a reversal that could revive a once-booming sector devastated by political tensions. As we unpack this narrative, listener engagement is fostered by thought-provoking discussions about government spending, especially with the introduction of programs like "Doge," aimed at eliminating wasteful expenditures.

Moreover, we raise pressing questions about public sector growth, pointing to an astounding 82% of new jobs being created in government roles, leading to concerns about long-term sustainability and the fiscal health of the Australian economy. 

Join us as we explore these pressing themes, illustrate the interconnections between U.S. policies and Australian economics, and foster a conversation on the future we want for our industries and economies. Interested in these topics? Subscribe, share, and leave a review to help us grow this important dialogue!

DISCLAIMER:

The information in this podcast is general in nature and does not constitute personal financial advice. It does not take into account your individual objectives, financial situation, or needs. Always consider whether the information is appropriate for you and seek advice from a qualified professional before making financial decisions.

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