Scott Galloway, the popular podcaster and NYU academic, threw down the gauntlet on his recent visit to “The View.” He fearlessly called out President Donald Trump’s economic policies. That’s why Galloway’s commentary was so refreshingly unfiltered. He particularly focused on Trump’s goal of returning steel manufacturing to the U.S. and how his proposed tariff policies would affect that.
Throughout the conversation, Galloway reiterated the point that the average American is not focused on having manufacturing jobs. Rather, they chase after lucrative jobs in industries that provide better job security and opportunities for advancement. He pushed back against Trump’s misguided approach to reviving manufacturing. More importantly, it does not reflect the reality that our labor market is built for today’s needs.
Galloway expressed concerns about the economic impact of tariffs imposed by President Trump, particularly regarding consumer products like the iPhone. He explained that if these tariffs are allowed to stay introduced, your iPhone would increase from $1,000 to $2,300. This underscores just how much room there is for a dramatic price spike. He personally calculated that making one iPhone in the US would be more than $3,500. This is a very substantial markup from current manufacturing costs in China.
It was loud cheers from the crowd as “The View” broke into applause at Galloway’s fearless critique of Trump’s tariff plan. He called it “dumb,” pointing out that such policies would not only hurt consumers, but suppress economic development. Galloway attacked Trump’s plan to “return us to the past,” saying it made “zero sense at all.” He pushed the administration to take a more progressive approach to economic development.
Galloway further explained Trump’s unpredictable behavior, using a “war” on Canada as a prime example. Unsurprisingly, he was critical of the way in which the principle of consistency has “gone out the window” on Trump’s watch. First, we must admit that we are where we are. We have somebody at the top of the global economy who is currently functioning like blackout drunk,” he said, driving at home his deep worries about leadership on economic policy.
Galloway focused on more pressing issues. He further cautioned that the cumulative impact of Trump’s actions could take years, if not decades, to address. In doing so, he raised the threat of irreparable economic damage. It would be difficult to imagine a more graceful mechanism for annihilating prosperity this quickly,” he said.
Galloway’s candid criticisms on “The View” reflect a growing concern among many regarding the future direction of U.S. economic policy under Trump and its implications for both consumers and industries alike.
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