Art of the real: Trump bows to markets
The Intelligence from The Economist
The Economist
4.6 • 3.6K Ratings
🗓️ 10 April 2025
⏱️ 22 minutes
🧾️ Download transcript
Summary
Just 12 hours after Donald Trump launched his searing regime of tariffs, he paused many of them for 90 days. What's next for global trade? An outlandish proposal to build data centres in space (8:14). And why “The Great Gatsby” is just as relevant, 100 years on (15:58).
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Transcript
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| 0:00.0 | The Economist. |
| 0:10.3 | Hello and welcome to the intelligence from The Economist. |
| 0:14.2 | I'm your host, Rosie Bloor. |
| 0:16.2 | Every weekday, we provide a fresh perspective on the events shaping your world. |
| 0:24.6 | Thank you. weekday we provide a fresh perspective on the events shaping your world. Now here's a really bonkers idea. Data centers are giant warehouses that use land and water, |
| 0:31.6 | so some people are considering whether we can launch them into space. Nope, not a belated April fall. |
| 0:40.3 | And the Great Gatsby was published exactly 100 years ago. |
| 0:44.6 | It might evoke nostalgia for the jazz age and the rip-roaring 20s, |
| 0:48.1 | but its questions about how we think about America are as urgent today as they were when it was written. |
| 0:57.6 | Thank you. about America are as urgent today as they were when it was written. First up, though. |
| 1:10.6 | Twelve hours after launching the trade war, Donald Trump called it off, or at least part of it. |
| 1:17.1 | People were jumping a little bit out of line. They were getting yippy, you know? |
| 1:23.1 | They were getting a little bit yippy, a little bit afraid, unlike these champions. |
| 1:27.6 | The regime of reciprocal tariffs has mostly been put on hold for 90 days. |
| 1:33.3 | Trump says it's because so many countries had engaged in negotiations. |
| 1:37.6 | A move Treasury Secretary Scott Besson tried to explain. |
| 1:41.2 | It took great courage, great courage for him to stay the course until this moment. |
| 1:45.9 | And what we have ended up with here, as I told everyone a week ago, they're in this very spot, |
| 1:55.0 | do not retaliate, and you will be rewarded. |
| 1:58.5 | But this isn't the end of Trump's protectionism. |
| 2:01.6 | He's maintained a blanket duty on almost all imports, |
| 2:05.4 | and China's rate was raised to 125%. |
... |
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