4 • 1.5K Ratings
🗓️ 7 April 2025
⏱️ 31 minutes
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Stock markets around the world have taken a beating since Donald Trump unveiled his new tariffs. And it's not just the president's blue-collar base who'll feel the pain, so will his billionaire backers. As many in the MAGA coalition become more vocal, will Trump back down or hold fast to his 'medicine'?
This podcast was brought to you thanks to the support of readers of The Times and The Sunday Times. Subscribe today: http://thetimes.com/thestory
Guest: Gerard Baker, columnist, The Times.
Host: Manveen Rana.
Producers: Edward Drummond and Sam Chantarasak.
Further reading: Trump tests America’s threshold for pain
Clips: CNN, ABC News, CBS News, Bloomberg, NBC News, CNBC, BBC News, New York Post.
Photo: Getty Images.
Get in touch: [email protected]
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0:00.0 | When Gareth was 14, he was in a relationship with an attractive young teacher at his school, |
0:06.0 | and he thought he was the luckiest boy in the world. |
0:09.0 | But when she walked out of his life, everything started to unravel. |
0:13.0 | 35 years later, everyone's acting like it never happened, and Gareth wants to understand why. |
0:20.0 | How about the truth? How about we do that first, and then we work out where we're going to go understand why. How about the truth? How about we do that first |
0:22.4 | and then we work out where we're going to go from there? How about the truth? This new four-part |
0:26.9 | series is about who gets to be a perpetrator and a victim. To listen, just search for Lucky Boy, |
0:33.7 | wherever you get your podcasts. |
0:44.3 | From the Times and the Sunday Times, this is the story. |
0:46.0 | I'm Manvien Rana. |
0:57.0 | Over the last few days, markets all over the world have been heading in one direction, down. Breaking news this morning, we are witnessing the rapid destruction of the market. |
1:02.0 | Stock futures are plunging this morning once again, as the turmoil from President Trump's trade war is rocking markets here in the United States and around the world. |
1:12.6 | The Dow lost more than 2,000 points Friday. It was only the fourth time in history that's happened. |
1:18.6 | Today, the markets are already down across Europe, across Asia, and a lot of anxiety about what happens next. |
1:25.4 | American and international markets have tanked. |
1:29.3 | I mean, none of it makes any sense. |
1:31.3 | Billions and trillions of dollars are being wiped out of the market on a day-to-day basis. |
1:34.3 | So it was just blood in the streets. |
1:36.3 | Carnage, panic, bloodbuff doesn't even begin to cut it. |
1:41.3 | And you look at the decline was since 2008. |
1:45.0 | We're seeing the reeling from this ramped-up tariff war. |
1:50.0 | J.P. Morgan now predicts a 60% chance of a global recession this year. |
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