The News Agents
Has a free speech row derailed our US trade deal?
Apr 1, 2025
Join Andy Haldane, former chief economist at the Bank of England, as he dissects the impending trade tensions sparked by Trump's tariff threats. He explores how political issues potentiate trade negotiations and reflect broader economic impacts on the UK. The conversation dives into the surprising unity among nations against these policies, the role of cultural narratives like 'Adolescents' in political discourse, and the complexities of shaping effective fiscal strategies in today's economic landscape.
46:27
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Donald Trump's potential tariffs could lead to significant global economic losses, complicating the UK's trade negotiations under Keir Starmer's leadership.
- The intertwining of free speech debates and trade deals, highlighted by a single anti-abortion protester, underscores the unpredictable nature of diplomatic negotiations.
Deep dives
The Implications of Trump's Tariff Policies
Donald Trump's anticipated imposition of reciprocal tariffs ranging from 20 to 25 percent on various goods has raised concerns about significant economic repercussions. Analysts project that if implemented, these tariffs could result in over $1 trillion in global economic losses over the next five years. Such tariffs threaten to disrupt longstanding trade relationships, particularly with major trading partners like the UK and the EU, complicating Keir Starmer's strategy to negotiate favorable terms while avoiding a trade war. Wealthy nations would feel the impact, especially in consumer confidence, as fears of a recession grow, warning that rising tariffs could push economic downturn probabilities from 20 to 35 percent.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
