Henry Kerr, Economics editor for The Economist, dives into the impact of Trump’s tariffs on the U.S., Canada, and Mexico. He critically examines the historical context behind these trade policies and the potential ramifications for future economic relations. Kerr also touches on the fascinating revival of supersonic travel, highlighting Boom Supersonic's XB-1 aircraft. Additionally, he discusses the curious rise of standing ovations in London's theatres, questioning the authenticity of audience reactions in the arts.
Trump's tariffs on Canada, Mexico, and China signal a significant escalation in trade tensions, with long-term economic impacts on neighboring countries.
Reviving supersonic travel is gaining momentum as companies like Boom Supersonic aim to overcome past inefficiencies with advanced technology and materials.
Deep dives
Importance of Site Selection for Business Expansion
Site selection is a critical factor for businesses aiming to expand operations in the U.S., as it significantly impacts their potential for success. Companies are encouraged to target states that boast an educated workforce, solid infrastructure, and competitive corporate tax rates, with North Carolina often emerging as a prime candidate. The state's advantages not only support seamless access to both domestic and international markets but also provide vital resources and connections necessary for businesses to thrive. A well-informed site selection process lays the groundwork for future growth and competitiveness in the market.
Escalation of Trade Wars Under Trump
President Donald Trump's administration has initiated substantial disruptions to global trade by imposing tariffs on goods from Canada, Mexico, and China. The sudden tariffs, affecting approximately $900 billion worth of goods from North America alone, demonstrate a significant escalation in trade tensions compared to his first term. Canada and Mexico's retaliatory measures are strategically targeted, aiming to inflict pain on specific sectors in the U.S. While Trump's justification for these tariffs hinges on addressing economic disparities, their long-term impact on the economies of neighboring countries remains a point of concern.
The Future of Supersonic Travel
Interest in reviving supersonic travel has resurfaced, with companies like Boom Supersonic working towards developing commercial aircraft that can exceed the speed of sound. Unlike the now-retired Concorde, which was plagued by inefficiencies and high operating costs, modern designs aim to address these issues through advanced technology and materials, such as carbon fiber and more efficient engines. The timeline for achieving a test version by 2029 shows optimism, although the journey to full-scale commercial viability presents significant engineering challenges. As the demand for faster travel grows, the aviation industry remains hopeful for a successful return to supersonic flights.
President Donald Trump followed through on his tariff threats, starting with Canada, Mexico and China. We look at the first skirmishes in what promises to be a painful trade war (10:30). A Concorde-style supersonic passenger jet could soon be flying again, if one company gets its way. And why standing ovations are no longer a rare sight (16:40).