EU gotta know when to hold ‘em: America’s latest trade deal
Economist Podcasts
The Economist
4.4 • 4.9K Ratings
🗓️ 28 July 2025
⏱️ 21 minutes
🧾️ Download transcript
Summary
The European Union will swallow 15% tariffs in exchange for promises to buy American. We examine the accord and ask what will stick. The English region of the Midlands is unjustly overlooked, our correspondent says; how can it get its due? And Fauja Singh ran his first marathon aged 88—or thereabouts. Our obituaries editor reflects on his relationship with running.
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Transcript
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| 0:00.0 | The Economist. |
| 0:07.0 | Hello and welcome to the intelligence from The Economist. |
| 0:13.0 | I'm your host, Jason Palmer. |
| 0:15.0 | Every weekday we provide a fresh perspective on the events shaping your world. |
| 0:29.0 | England is one of those countries with sharp historical and economic divides between north and south. But what about in between? Our correspondent considers the |
| 0:33.8 | overlooked region of the Midlands and how it can at last seize its own strong identity. |
| 0:42.3 | And most people can hardly imagine running a marathon at all. |
| 0:46.3 | How about running your first at age 88? |
| 0:49.3 | Our obituaries editor remembers Faulja Singh and explains why he never got the Guinness record he probably deserved. |
| 1:01.0 | First up, though. |
| 1:07.0 | So we have good news. |
| 1:16.8 | Anyone who is waiting for Donald Trump's promised flurry of 90 trade deals in 90 days will have been gravely disappointed. |
| 1:19.2 | Trade deals, we keep saying, are hard. |
| 1:22.1 | When it's the biggest trading relationship in the world, harder. |
| 1:26.3 | This weekend, Mr. Trump held court at his golf course in Scotland |
| 1:29.7 | and struck an accord with Ursula von der Leyen, the president of the European Commission, |
| 1:34.7 | and she knew how to characterize it. |
| 1:37.1 | It's a big deal, it's a huge deal. |
| 1:40.1 | It will bring stability. |
| 1:41.7 | It will bring predictability. |
| 1:43.7 | That's very important for our businesses on both sides of the Atlantic. |
| 1:47.7 | Big, huge deal. Mr. Trump can sell it as a win at home. The EU can be relieved it escaped the big, scary tariff numbers that he had threatened. |
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