Import-extort: what to make of Donald Trump’s titanic tariffs

进口勒索:如何看待唐纳德·特朗普的巨型关税?

Economist Podcasts

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2025-04-04

46 分钟
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单集简介 ...

After months of bluster, he’s finally done it. At a ceremony in the White House Rose Garden, Donald Trump overturned decades of American trade policy with a simple signature. The new wave of trade restrictions, if implemented in full, will raise tariffs to the highest level in more than a century. So how bad could it get? Hosts: Mike Bird and Ethan Wu. Guests: The Economist’s Simon Rabinovitch; and Douglas Irwin, a professor of economics at Dartmouth College. Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account. Hosted on Acast. See acast.com/privacy for more information.
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  • The Economist.

  • My fellow Americans, this is Liberation Day.

  • On Wednesday afternoon,

  • President Donald Trump stood in the White House Rose Garden and announced a generational shift in U.S. trade policy.

  • April 2, 2025,

  • will forever be remembered as the day American industry was reborn and the day that we began to make America wealthy again.

  • Trump blames America's addiction to imports for the hollowing out of the country's industrial heartlands.

  • In short, chronic trade deficits are no longer merely an economic problem.

  • They're a national emergency that threatens our security and our very way of life.

  • His solution, immense tariffs illustrated on a large cardboard chart.

  • And I'd like to see the chart if you have it.

  • Could you bring it up, Howard?

  • In the left hand column is a list of countries.

  • Next to each one is a percentage figure,

  • which is the tariff the Trump administration says the country charges.

  • The US Though without any evidence.

  • Next to that is another figure.

  • The new tariff that America will impose on goods that country exports to the.

  • U.S.

  • china, first row, China, 67%.