Zero Hedge – YouTube, Released on 6/6/25

Rob Bernstein sits down with Mike ‘Mish’ Shedlock to unpack the volatile world of tariffs. Are tariffs here to stay? What’s the real economic fallout from these policies, and could they tip us into a recession?

0:00 – Introduction to the Zero Hedge podcast and guest Mike Shedlock, economics blogger at mishtalk.com.
6:04 – China’s control over rare earth minerals and the impact of export restrictions on U.S. industries.
12:04 – Explanation of the trade court ruling against Trump’s tariffs and why it was legally sound.
18:05 – Impact of unpredictable tariff policies on business planning and supply chain disruptions.
30:06 – Contradictory goals of Trump’s tariff policies: raising revenue, bringing jobs back, and lowering inflation.
36:03 – National security concerns for rare earths and why subsidies, not tariffs, may be needed.
42:29 – Addressing pharmaceutical production challenges and the role of tax laws in offshoring.
48:27 – Discussion on deflation vs. stagflation and the role of debt in economic downturns.
54:20 – Mixed economic signals: slowing economy, overstated jobs, and tariff-driven inflation pressures.
1:00:03 – Federal Reserve’s cautious approach amid economic uncertainty and tariff impacts.
1:04:28 – Closing remarks, plugs for Mike Shedlock’s photography website and the host’s comedy tour.

Mike “Mish” Shedlock is a registered investment advisor and representative for Sitka Pacific Capital Management. His articles about the the economy and investing online can be found at Mish Talk.

  economy, Mish Shedlock, recession, tariffs, Trump