This week: Trump’s tariffs – madness or mastermind?
‘Shock tactics’ is the headline of our cover article this week, as deputy editor Freddy Gray reflects on a week that has seen the US President upend the global economic order, with back and forth announcements on reciprocal and retaliatory tariffs. At the time of writing, a baseline 10% on imports stands – with higher tariffs remaining for China, Mexico and Canada.
The initial announcement last week had led to the biggest global market decline since the start of the pandemic, and left countries scrambling to react, whether through negotiation or retaliation. China announced a second wave of retaliatory tariffs – to 84% – and Trump, while softening his stance towards other countries, appeared to lean in to a trade war with China by announcing a further hike to 125%. As Freddy writes, for Trump and his supporters ‘China is America’s chief enemy.’ ‘President Trump just took a massive punch at Xi, right in the chops,’ said Steve Bannon. ‘The overlords of easy money, the sociopathic overlords that run Wall Street, the globalist corporatists and the apartheid state of Silicon Valley – all of them combined are the partners of the Chinese Communist party.’
But, as Freddy asks in the magazine, is there method in the madness? Freddy joined the podcast to discuss alongside the financial journalist and Spectator contributor Michael Lynn. (1:35)
Next: should cousin marriages be banned?
Cousin marriage has been back in the news since the Conservative MP Richard Holden proposed banning the practice. Much of the debate has focused on the British Pakistani community where marriage between cousins is less taboo than other communities within the UK. But, as Iram Ramzan writes in the magazine this week, marriage between cousins has been legal in the UK stretching back to Henry VIII.
The dictator Saddam Hussein, the musician Jerry Lee Lewis and even the father of evolution Charles Darwin are surprising examples of people who married their first cousins. Iram writes that it was to her horror that her family suggested she marry her second cousin. To what extent is the law the right recourse to deter cousin marriage? And what are the cultural, ethical, as well as genetic, considerations?
Iram joined the podcast alongside Dominic Wilkinson, professor of medical ethics at the University of Oxford. (18:09)
And finally: restaurant thefts are rising – why?
The Spectator’s food columnist Olivia Potts explores how restaurants are facing a rising problem of theft. Gordon Ramsay’s latest restaurant suffered a £2,000 loss in one week for example. from theft. And, as many as 17 million Britons say they have stolen from a pub or restaurant. Why do they do it? And why is restaurant theft a particular problem now? Liv joined us to discuss further, alongside an anonymous contributor who agreed to share their own experience of stealing from restaurants. (29:57)
Presented by William Moore and Lara Prendergast.
Produced by Patrick Gibbons and Oscar Edmondson.
