Economist Podcasts
Wall of duties: Trump’s towering tariffs
Apr 3, 2025
Rachna Shambhog, Business Affairs Editor at The Economist, and Tom Gardner, Africa Correspondent, join to discuss the sweeping impact of Trump's tariffs on both America and global trade. They explore the economic skepticism surrounding these policies and their potential consequences for households and inflation. Switching gears, they analyze the recent developments in the Sudanese civil war following the recapture of Khartoum, highlighting the dire humanitarian crisis and complex military dynamics. A captivating blend of economics and politics!
24:39
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Quick takeaways
- The new tariff hikes are expected to increase consumer prices and inflation, potentially leading to a recession in the U.S. economy.
- The Sudanese National Army's retake of Khartoum highlights the complexities of internal alliances, complicating the prospects for lasting peace in the civil war.
Deep dives
Impact of High Tariffs on American Households
The recent announcement of increased tariffs under the new economic policy has significant implications for American households. These tariffs, representing a broad tax increase on imported goods, will lead to higher input prices for businesses, ultimately affecting consumer prices and increasing inflation. Analysts have expressed concerns that this could exacerbate the risk of recession, with predictions of economic downturns becoming more likely as a result of these financial changes. Additionally, the lack of competitive pressure from international markets due to these tariffs may hinder innovation and economic growth within the U.S.
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