Americanswers... on 5 Live! What is the impact of Trump's tariffs?

Feb 3, 2025

The podcast dives into the shifting trade relations between the U.S., Canada, and Mexico, highlighting Trump’s recent tariff decisions. Experts analyze the economic implications of these tariffs and their impact on consumer prices. They discuss Trump’s insensitive comments following a tragic plane crash and the mixed reactions within the conservative community. The conversation also touches on the legacy of Trump’s presidency, drawing parallels with Liz Truss and pondering the challenges of political change. Heroic tales from history inspire hope amidst the political turmoil.

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INSIGHT

Tariffs as Political Tools

Trump's tariffs aim to decrease imports and encourage US manufacturing.
He uses them politically, tying them to border security and drug smuggling from Canada and Mexico.

INSIGHT

Trump's Motivation

Trump's tariff reasoning is unclear, especially regarding Canada's small fentanyl contribution.
His dislike for Trudeau and Canada's values might play a role.

ANECDOTE

Potash Politics

Senator Chuck Grassley hopes to exclude potash from tariffs.
Most US potash comes from Canada, impacting American family farmers.

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After announcing he would place tariffs on Canada and Mexico during his campaign, the president nearly followed through. After sending the world economy into a frenzy, Trump then postponed the trade war with his North American neighbours on hold after securing concessions from both of them over border security.

But he still has China and the EU in his sights. Is the UK next on the list for the trade war? And how do tariffs work anyway?

Sarah and Justin join Matt Chorley to try and make sense of it all. They also discuss whether Trump’s staff might withhold information from him after his reaction to last week’s aviation collision, and if he might “pull a Liz Truss?”

HOSTS: • Sarah Smith, North America Editor • Justin Webb, Radio 4 presenter

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This episode was made by Rufus Gray, and Catherine Fusillo. The series producer is Purvee Pattni. The senior news editor is Sam Bonham.

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