Hello and welcome to The Spectator's Americano podcast, a series of discussions about American

politics and the Trump presidency in 2017. I'm Freddie Gray and I'm deputy editor of The Spectator.

I'm joined today by John Carney, who is economics editor for Breitbart, and we're going to be discussing Trumponomics.

So, John, from this side of the Atlantic, it looks as though Trump's economics are a strange mixture of nationalist Steve Bannon-Miller-type economics, and Heritage Foundation cut-and-slash ultra-conservative economics.

Is that a fair judgment of Trump's fiscal outlook?

And is it feasible, do you think, as a presidential economic platform?

I do.

I think there is a, what's happening is a reprioritization of how the government spends money and how we conduct our trade deals.

A lot of people, economic nationalism is a good phrase for it.

A lot of people have referred to it as protectionism, but I point out that it's a lot different than the protectionism that we've seen in the past.

If you look at historical protectionism, it tended to be at the behest of big companies looking to protect their domestic markets.

That's not the case today. We don't have the CEOs gathering around Donald Trump and saying, please, you know, put up some trade barriers.

In fact, a lot of the CEOs are definitely afraid of trade barriers.

So that's what I would call the, you know, the old style protectionism would have been the corporatist protectionism.

Now we have something that's much more driven by populism.

So it is, so it's a populist protectionism aimed at making sure that when we do do trade deals, that they really do live up to what they're

supposed to do, which is, you know, to the extent that we're shipping some of our jobs

overseas, that we are actually able to create good jobs here in the United States as well

to substitute for those.

And we can't do that.

We have to really think deep and hard about what that will mean for the people who will be displaced. And I think, and I think

that's the reprioritization that's happening. Whereas, you know, yeah, some of the stuff that you

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