Fear and Fury: The Fallout From Trump’s Tariffs
The Daily
04/04/25
•34m
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The reverberations from President Trump’s new global tariffs have rocked financial markets and world capitals. American stocks have plunged, and foreign leaders have issued forceful condemnations.
The Times journalists Michael Barbaro, Peter Goodman, Natalie Kitroeff and Jeanna Smialek sit down to try to make sense of Mr. Trump’s strategy and its consequences.
Guest:
- Peter S. Goodman, who covers the global economy for The New York Times.
- Natalie Kitroeff, the Mexico City bureau chief for The New York Times.
- Jeanna Smialek, the Brussels bureau chief for The New York Times.
Background reading:
- Read about how Mr. Trump’s one-for-one tariff plan threatens the global economy.
- The trade war set off “max pessimism” in the global markets.
- The tariffs have widened the chasm between allies and Washington.
For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.
Photo: Scott McIntyre for The New York Times
Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.
Previous Episode
The Trump Tariffs Poised to Remake Global Trade
April 3, 2025
•21m
In a history-making day of tariffs, President Trump imposed charges of at least 10 percent on nearly all of America’s trading partners.
Ana Swanson, who covers trade for The Times, discusses who will be affected most and looks at how the levies effectively ended one era of global trade and began a new one.
Guest: Ana Swanson, who covers trade and international economics for The New York Times.
Background reading:
- The tariffs are likely to ripple through the global economy, driving up prices for American consumers and manufacturers while inciting retaliation from other nations.
- Mr. Trump says global trade is unfair. Does he have a point?
- Read about how the tariff rates are calculated.
For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.
Photo: Doug Mills/The New York Times
Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.
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