The Briefing Markets react to Trump’s tariffs
Apr 7, 2025
Shura, a talented British singer-songwriter known for her impactful lyrics, shares insights about her new album, 'I Got Too Sad For My Friends.' She reflects on the emotional depths of her music and the influence of the pandemic on her creative process. The conversation also dives into the global ramifications of Trump's trade war, highlighting how it has shaken markets and ignited political unrest in regions like Serbia. Additionally, the vibrant atmosphere of Salone del Mobile is discussed, revealing its connection to luxury trends amid economic changes.
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Episode notes
Tariffs as National Security
- Trump's tariffs are framed under national security, citing the trade deficit as a threat.
- This justification is unusual, marking the first time in 50 years this authority has been used for tariffs.
Inconsistent Rationale
- Trump's tariff regime lacks clear rationale, stemming from his long-held affection for tariffs.
- His fluctuating reasons for tariffs include raising revenue, boosting manufacturing, and bullying other countries.
Reinventing Economic Order
- The world may need to reinvent its economic order around or without the United States due to Trump's actions.
- This is challenging because the U.S. absorbs global trade surpluses, and another country would need to fill that role.
