Intelligence Squared

Tariff Special: The Intelligence Squared Economic Outlook with Helen Thompson (Part One)

30 snips
May 17, 2025
Helen Thompson, a political economy professor at Cambridge University and author of 'Disorder: Hard Times in the 21st Century', shares her insights on the turbulent global economy. She discusses the chaotic nature of Trump's tariffs and their historical context, emphasizing the challenges faced by the U.S. amid rising competition from China. The conversation also dives into the implications for the UK, particularly regarding energy security, and reflects on the historical patterns of trade and protectionism shaping current economic landscapes.
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INSIGHT

Trump's Protectionist Tariffs Harmful

  • Protectionism usually causes economic and political problems.
  • Trump's chaotic tariff approach creates broad negative consequences globally.
INSIGHT

China's Manufacturing Share Disrupts Trade

  • A world where China controls nearly 30% of manufacturing challenges free trade norms.
  • U.S. administrations see this as intolerable and push back with protectionism.
INSIGHT

Dilemma of Competing with China

  • Advanced economies face challenges competing with China's high-tech manufacturing.
  • Protectionism feels necessary but risks shutting out access to key Chinese markets.
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