Donald Trump recognises tariff 'transition difficulty' as US stock market falls again

唐纳德·特朗普承认关税“转型困难”,同时美国股市再次下跌。

Business Matters

商务

2025-04-11

49 分钟
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President Donald Trump admits a period of difficult transition is inevitable as his trade policies continue to cause upheaval in international markets. And after the end of the Cold War, the world economy became integrated, and globalisation began, but is that at risk now because of the tariffs, trade war and protectionism? Presenter Roger Hearing speaks to Mohamed El Erian, former IMF Deputy Director who is now President of Queens' College, Cambridge, and chief. Also, a general strike against public spending cuts in Argentina has severely disrupted transport systems in the country. All domestic flights have been cancelled; trains and metro services have been suspended in Buenos Aires and other parts of the country. Throughout the program, Roger will be joined by two guests on opposite sides of the world – Yoko Ishikura, a professor emeritus at Hitotsubashi University in Japan, and Tony Nash, CEO and founder of Complete Intelligence, an AI-based financial forecasting firm in Houston.
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  • Hello and welcome to Business Matters.

  • I'm Roger Hearing.

  • On the program today, the latest as Asian markets open and the relief over Wednesday's U.S. tariff pause begins to fade.

  • We'll also ask if high tariffs are going to bring an end to the globalized economy.

  • We've entered one of two alternatives, either what we call managed globalization light or we've entered fragmentation,

  • but what I think is pretty clear to me is that we are at the end of the ever closer globalization.

  • Plus Argentina faces mass disruption from a general strike against austerity policies.

  • Why Prada is buying Versace and how tariffs are affecting the world's biggest cut flower supplier,

  • a special report from Colombia.

  • And I'll be joined throughout the program by two guests on opposite sides of the world, Tony Nash,

  • CEO and founder of Complete Intelligence, who's joining us on the line from Houston, Texas.

  • Tony, very good evening to you.

  • Hi, Roger.

  • Thanks for having me.

  • Good to have you there.

  • And across the other side of the world, Yoko Ishikura, Professor Emeritus at Hitotsubashi University.

  • Also a member of the World Economic Forum's Global Future Council, who's joining us on the line from Tokyo.

  • So Yoko, very good morning to you.

  • Good morning.

  • Thanks for having me.