There's so much that doesn't get decided when these big announcements are made. Absolutely. These are just very,

let's say, different types of trade deal than you would have expected under any other administration.

They're not negotiated at the granular detailed levels that you would have previously had trade negotiators,

doing things, which means you end up with announcements from either side

that don't always really line up with each other. And things are just being made on the fly

to some extent.

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Hello, welcome to the rest is money with me, Steph Bagovin. And alongside me today, I have got Mike Bird, who is an award-winning financial journalist working for The Economist, both as their Wall Street editor and also as co-host of their podcast, Money Talk.

So Mike is joining me today from New York to talk all things Trump and Tariffs. He's actually

a Leeds lad originally, though, that you might pick up in his accent. So Mike, we've been talking a

lot on this podcast about Tariff. So I want to get your take on on it all really and just bring people up to speed as

well with where we're at. Yeah, for what it's worth, April the 2nd Liberation Day, my birthday.

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