Trump V2: Tariffs, American Dynamism, Higher Ed | Byrne Hobart

In this episode, Erik Torenberg and Byrne Hobart discuss the economic consequences of Trump's tariffs, OpenAI's recent innovations, and their implications for white collar work. They also explore the potential market shifts, the resilience of the US dollar as a reserve currency, and the state of elite higher education institutions like Harvard in the current geopolitical climate.

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RECOMMENDED PODCASTS:
🎙️‪@TheRiffPodcast‬ Investor and writer of the popular newsletter The Diff, Byrne Hobart, and co-host Erik Torenberg discuss today’s major inflection points in technology, business, and markets – and help listeners build a diversified portfolio of trends and ideas for the future.
Apple: https://podcasts.apple.com/us/podcast...
Spotify: https://open.spotify.com/show/6rANlV5...

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LINKS:
Byrne’s writing: https://thediff.co

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X / TWITTER:
@byrnehobart
@eriktorenberg
@turpentinemedia

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TIMESTAMPS:
(00:00) Intro
(00:31) Economic impact of Trump's tariffs
(04:13) Market reactions and treasury rates
(10:07) Stock market volatility
(14:34) AI and the future of white collar work
(15:37) Sponsor: Oracle
(16:51) Debate on tariffs and free trade
(29:50) Challenges and opportunities in reindustrialization
(33:37) Evaluating US supply chain dependencies
(35:01) US natural resource advantages
(35:41) Challenges in reviving US shipbuilding
(36:38) US-China economic leverage
(40:04) Sponsor: Squad
(41:20) OpenAI's open source strategy
(48:31) Impact of AI on white collar jobs
(53:58) Harvard's financial strategy
(58:26) The resilience of the US dollar