Donald Trump’s long promised trade war has begun, sort of - the US president threatened to slap tariffs on America’s biggest trading partners, before backtracking and striking a deal with Mexico and Canada. But a 10% tariff on Chinese goods has come into force and Beijing has retaliated by imposing hefty levies on a range of American imports and vowing to investigate Google over antitrust allegations. 

So will Trump’s tariff wars totally backfire? And how should other world leaders, including Keir Starmer, react?

In this episode of the Fourcast, Krishnan Guru-Murthy is joined by Greece’s former finance minister Yanis Varoufakis and Erica York of the Tax Foundation think tank.

Produced by Calum Fraser, Silvia Maresca, Rob Thomson, Ka Yee Mak and Amani Hughes.