The Intelligence from The Economist
Art of the real: Trump bows to markets
Apr 10, 2025
Tom Standage, the Deputy Editor at The Economist, shares insights on the intriguing idea of building data centers in space. He discusses how this innovation could address energy efficiency and environmental concerns, utilizing new rocket tech and solar power. The conversation also emphasizes the relevance of 'The Great Gatsby' in today's society, linking its themes of ambition and wealth to current issues. Additionally, Standage analyzes the immediate impacts of Trump’s tariff pauses on global trade and market reactions, shedding light on complex international negotiations.
21:27
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Quick takeaways
- Trump's temporary tariff delay caused a significant stock market rally, reflecting investor uncertainty around his trade policies.
- The ambitious proposal for space-based data centers highlights innovative solutions to energy and cooling issues in data management.
Deep dives
Impact of Tariff Delays on Markets
The announcement of a temporary delay on trade tariffs led to a significant uptick in the stock markets, indicating a strong positive reaction from investors. Following the delay, the S&P 500 saw its largest percentage increase since 2008, with the Nasdaq recording its biggest daily gain since 2001. This market fluctuation showcased the degree of uncertainty surrounding President Trump's trade policies and their potential ramifications on the economy. The one-time relief emphasized the intricacies of the global trading system and highlighted the volatility that such unexpected decisions can generate.
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