The Rest Is Money 137. Trump’s Trade War: Winners, Losers and The Global Fallout
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Feb 10, 2025 This discussion dives into the far-reaching impacts of Trump's trade tariffs, spotlighting winners and losers within the global economy. Are consumers sacrificing under an 'America-first' policy? The dialogue also critiques the Bank of England's cautious approach to interest rate cuts amidst rising inflation. Personal anecdotes from a Costa Rican press tour add a fun twist, while the analysis highlights the intricate link between political decisions and economic consequences, including a look at Trump's influence on US-Mexico trade dynamics.
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Netflix Adventure
- Steph McGovern reveals she filmed a Netflix show with Bear Grylls in Costa Rica.
- The show involves challenges and being chased by Bear Grylls.
Rate Cut Analysis
- The Bank of England cut interest rates by 0.25%, but Robert Peston believes they should have cut more aggressively.
- Peston argues for a larger cut due to strong disinflationary pressures and weak demand.
Bleak Forecast
- The Bank of England's growth forecast is bleak, and government plans won't impact growth in the short term.
- Peston suggests more aggressive rate cuts are needed due to flatlining growth.