The Intelligence from The Economist Whack of all trades: America’s economy
16 snips
Mar 28, 2025 
Simon Rabinovich, U.S. economics editor, discusses the detrimental effects of tariffs and the uncertainty plaguing American businesses. He highlights how a projected 25% tariff on imported cars could worsen GDP growth and deter investment. Sarah Larniuk, an audio correspondent, illuminates Japan's economic support for Ukraine, emphasizing the cultural importance of aiding during conflict. They also touch on the global popularity of Netflix's 'Adolescence,' which tackles complex teen issues, from societal pressures to parental disconnect.
AI Snips
Chapters
Transcript
Episode notes
Economic Slowdown and Uncertainty
- America's strong economy shows signs of slowing, partly due to Trump's policies.
- Uncertainty around tariffs is causing paralysis for businesses, hindering long-term investments.
Uncertainty and Sentiment
- Business uncertainty is at its highest in over half a century, impacting sentiment.
- This high uncertainty, coupled with a weak stock market, suggests slower future investment.
Impact of Car Tariffs
- Proposed 25% tariffs on foreign cars will disrupt the global and US auto industries.
- This will likely lead to a protected, uncompetitive US auto industry with higher prices.