Wake Up To Money
All Aboard the Tariff Train
Apr 11, 2025
Economist Linda Yu shares insights on how Trump's tariffs could reshape the UK economy, focusing on the effects on global trade. April LaRousse discusses the implications for agriculture and consumers, while Tim Richards highlights rising costs in the cinema industry. The conversation touches on workplace inequality highlighted by the Black Workers Conference and the surprising cultural success of the Minecraft movie. They also tackle market fluctuations and mobile etiquette, blending humor with serious economic analysis.
52:47
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Quick takeaways
- Trump's tariffs on Chinese goods have led to significant market declines and increased inflation concerns, affecting global economic stability.
- The merger of Prada and Versace reflects a trend of consolidation in the luxury sector, aiming to enhance competitiveness against major industry players.
Deep dives
Market Tensions and Economic Impact
Recent tensions between the U.S. and China have escalated following Donald Trump’s significant tariff increases on Chinese goods, now reaching up to 145%. These tariffs have caused notable declines in Asian markets, particularly with the Nikkei dropping by more than 4%. The economic uncertainty has led to many investors reassessing their portfolios, resulting in declines even in traditionally safe investments like government bonds, which are also falling. The market's response highlights increasing concerns about inflation, overall economic stability, and the potential for reduced growth rates in the U.S., which could impact global economies.
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