Trump’s Trade War Is Also a Class War
On this episode of Time of Monsters, Marshall Steinbaum on the president’s love of regressive taxes.
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Trump’s Trade War is Also a Class War | The Time of Monsters with Jeet Heer
Donald Trump’s tariff war is usually framed in terms of how it would impact consumers and America’s relationship with other countries, but it is also part of a larger project to remake taxation policy. Trump is very explicit that he wants tariffs to replace personal and corporate taxes with tariffs as the main source of revenue. As such, tariffs are a sales tax, of a particularly regressive sort. I talk to Marshall Steinbaum, an economist at the University of Utah, about how tariff’s fit in with Trump’s larger social vision of a plutocratic society, something that can also be seen in how the White House is cracking down on student debt holders. We take up this and other economic matters, bringing a class analysis to the business news.
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U.S. President Donald Trump holds up a copy of a 2025 National Trade Estimate Report as he speaks during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC.
(Chip Somodevilla / Getty Images)Donald Trump’s tariff war is usually framed in terms of how it would impact consumers and America’s relationship with other countries, but it is also part of a larger project to remake taxation policy. Trump is very explicit that he wants tariffs to replace personal and corporate taxes, with tariffs as the main source of revenue. As such, tariffs are a sales tax, of a particularly regressive sort. I talk to Marshall Steinbaum, an economist at the University of Utah, about how tariffs fit in with Trump’s larger social vision of a plutocratic society, something that can also be seen in how the White House is cracking down on student debt holders. We take up this and other economic matters, bringing a class analysis to the business news.
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The Nation Podcasts
Here's where to find podcasts from The Nation. Political talk without the boring parts, featuring the writers, activists and artists who shape the news, from a progressive perspective.
Bombing Iran Won’t Help the Protesters, with Annelle Sheline | The Time of Monsters with Jeet Heer
Iran is facing upheavals at home and abroad. For more than two decades, the Islamic Republic has faced waves of protests from citizens demanding a more democratic society. Over the past two weeks, these protests have erupted with a new ferocity and are being met with violent repression. Meanwhile, the Israeli government is pushing the United States to renew bombing Iran, a military objective now being given the guise of a humanitarian mission. To discuss the turmoil in Iran and place it in the larger context of regional instability and competing visions of the future of the Middle East, I spoke with Annelle Sheline, a research fellow at The Quincy Institute who studies the region, in this special Friday edition of the podcast.
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