The Daily Fear and Fury: The Fallout From Trump’s Tariffs
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Apr 4, 2025 
In this discussion, Peter Goodman, a global economy correspondent, Natalie Kitroeff, the Mexico City bureau chief, and Jeanna Smialek, the Brussels bureau chief, dissect the fallout from Trump’s sweeping tariffs. They analyze how these tariffs are reshaping international trade and the reactions from global markets, particularly the significant shifts in supply chains toward Southeast Asia. The conversation highlights the widening rifts between allies, the potential domestic job market impacts, and the geopolitical tensions that could ensue.
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Reversing Globalization
- President Trump's tariffs aim to reverse globalization by prioritizing domestic production.
- This shift challenges the idea that place doesn't matter in manufacturing and prioritizes U.S. jobs.
Targeting Asia
- The tariffs target Asian countries, especially China, due to their role as the world's factory and large trade imbalances with the U.S.
- The tariffs also affect countries like Vietnam and Cambodia where companies relocated to avoid initial China tariffs.
North American Trade Bloc
- One potential goal is to strengthen the North American trading bloc (U.S., Mexico, Canada).
- However, existing tariffs on Mexico and Canada complicate this goal.
