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Viewsroom

How Trump’s tariff turmoil scarred global markets

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 17 April 2025

⏱️ 29 minutes

🧾️ Download transcript

Summary

Stocks and government bonds have steadied following dramatic falls triggered by the US president’s trade war. Yet the policy may yet do lasting damage. In this Viewsroom podcast, Breakingviews columnists examine the possible long-term effects on US Treasuries and the dollar. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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Visit Slack.com forward slash meet Slackbot to learn more.

0:30.3

The views expressed on this podcast are those of the participants, not of Rogers News.

0:39.7

But I think there is also a kind of a deeper issue, which goes back a little bit to that

0:45.1

question of, you know, the question everybody asks, which is what makes this stop?

0:52.3

And it's not obvious because, you know, I mean, I guess Donald Trump could, could scrap the entire tariff plan and say, oh, well, you know, forget that, we're going back to some slightly more normal set of policies. But it wouldn't entirely be credible, you know. I mean, this is, he was, he's been elected twice under this system.

1:12.4

People are going to have in the back of their minds, well, you know, what's to stop him or someone else from coming along and

1:16.1

doing something similar in the future?

1:21.1

Two weeks ago on Liberation Day, US President Donald Trump threw markets into a spin with a barrage of tariffs on global

1:29.8

trading partners. As it turned out, that was only the start of the chaos. Leveys have since been dialed back

1:36.2

on most of the world, massively ramped up to 145% on China, carved out to exclude smartphones, only

1:43.3

to eventually, so we are told, be adjusted again

1:46.3

with announcements forthcoming on semiconductors, pharmaceuticals and more.

1:51.2

The White House caught between Trump's bent towards impulsive maximalism and a bevy of CEOs

1:56.9

and trading partners begging for relief faces a trying critic.

2:01.4

Investors who have unusually said bond yields spiking and the dollar tumbling.

2:06.6

What this all means and what part it could play in determining the course of the trade war

2:11.2

is the focus of this week's viewsroom.

...

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