Trump Tariff Fallout: Who Wins, Who Loses, and What’s Next | Pivot

Kara Swisher and Scott Galloway discuss Trump's tariffs causing a market meltdown, how China is retaliating, and Commerce Secretary Howard Lutnick's idea of a U.S. manufacturing resurgence. Plus, a closer look at tariff winners (Warren Buffett) and losers (Big Tech), and the TikTok deadline gets postponed, yet again. Timestamps: 00:00 Intro 2:18 Scott’s College Tour 12:44 Tariff Chaos 21:10 What Should Investors Do? 26:37 Tariff Winners & Losers 31:45 Will Tariffs Bring Manufacturing Resurgence? 36:19 How Tariffs are “Gift to China” 38:37 TikTok Ban Delayed Again 45:16 Wins and Fails #pivot #podcast #tariffs #donaldtrump #china #howardlutnick #manufacturing #stockmarket #markets #finance #investing #tiktok #tiktokban Producers: Lara Naaman Zoë Marcus Taylor Griffin Video Editor: Julian Velard Vox Media's Executive Producer of Audio: Nishat Kurwa Subscribe to Pivot on Apple Podcasts: https://podcasts.apple.com/us/podcast/pivot/id1073226719 Subscribe to Pivot on Spotify: https://open.spotify.com/show/4MU3RFGELZxPT9XHVwTNPR Follow us on Instagram and Threads at: https://www.instagram.com/pivotpodcastofficial Follow us on TikTok: https://www.tiktok.com/@PIVOTPODCAST

Scott GallowayhostKara SwisherhostHoward LutnickguestBen Collinsguest

Apr 8, 202557mWatch on YouTube ↗

EPISODE INFO

Released: April 8, 2025
Duration: 57m
Channel: Pivot
Watch on YouTube: ▶ Open ↗

EPISODE DESCRIPTION

Kara Swisher and Scott Galloway discuss Trump's tariffs causing a market meltdown, how China is retaliating, and Commerce Secretary Howard Lutnick's idea of a U.S. manufacturing resurgence. Plus, a closer look at tariff winners (Warren Buffett) and losers (Big Tech), and the TikTok deadline gets postponed, yet again. Timestamps: 00:00 Intro 2:18 Scott’s College Tour 12:44 Tariff Chaos 21:10 What Should Investors Do? 26:37 Tariff Winners & Losers 31:45 Will Tariffs Bring Manufacturing Resurgence? 36:19 How Tariffs are “Gift to China” 38:37 TikTok Ban Delayed Again 45:16 Wins and Fails #pivot #podcast #tariffs #donaldtrump #china #howardlutnick #manufacturing #stockmarket #markets #finance #investing #tiktok #tiktokban Producers: Lara Naaman Zoë Marcus Taylor Griffin Video Editor: Julian Velard Vox Media's Executive Producer of Audio: Nishat Kurwa Subscribe to Pivot on Apple Podcasts: https://podcasts.apple.com/us/podcast/pivot/id1073226719 Subscribe to Pivot on Spotify: https://open.spotify.com/show/4MU3RFGELZxPT9XHVwTNPR Follow us on Instagram and Threads at: https://www.instagram.com/pivotpodcastofficial Follow us on TikTok: https://www.tiktok.com/@PIVOTPODCAST

SPEAKERS

Scott Galloway
host
Kara Swisher
host
Narrator
other
Howard Lutnick
guest
Ben Collins
guest

EPISODE SUMMARY

In this episode of Pivot, featuring Scott Galloway and Kara Swisher, Trump Tariff Fallout: Who Wins, Who Loses, and What’s Next | Pivot explores trump’s Tariff Shockwaves Hammer Tech, Markets, and U.S. Credibility Kara Swisher and Scott Galloway open with personal banter before pivoting to the market chaos triggered by Donald Trump’s sweeping new tariffs, which erased trillions in value and spiked recession fears. Galloway argues the tariffs are a massive self‑inflicted wound that uniquely damage the U.S., given its dominance in high‑margin, high‑multiple tech and services exports. They detail how uncertainty, rule‑of‑law erosion, and erratic policy are driving a likely long‑term de‑rating of U.S. equities, while paradoxically strengthening China’s strategic and economic position. The episode also covers TikTok’s limbo, the political influence of billionaire investors, youth political challenges to aging incumbents, and broader moral failures in U.S. immigration and democratic norms.

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