The Intelligence from The Economist When the levy doesn’t break: a trade-war world adjusts
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Mar 13, 2025 
Rajan Ashambog, Business Affairs Editor at The Economist, dives into the complexities of today's trade wars and the fervent return of tariffs under the Trump administration. He discusses the chilling effects of these policies on global trade and domestic manufacturing. The conversation also explores the rise of hard-right political parties in Europe, analyzing the socio-economic factors fueling their success. Finally, they touch on the influence of AI technology in shaping modern industries. A thought-provoking exploration of today's turbulent economic landscape!
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Trump's Trade War Impact
- Trump's protectionist policies are causing concern for investors.
- They are worried about the potential negative impact on markets and the economy.
Current Tariff Situation
- Trump's tariffs target various countries, including Canada and Mexico, with increases on Chinese imports.
- New 25% tariffs on global steel and aluminum imports have prompted retaliation from some US trading partners.
Trump's Trade War Goals
- Trump's trade war aims to bring manufacturing back to the US and create jobs.
- He views trade deficits as losses, unlike most economists who see trade as mutually beneficial.
