Martin Wolf on Trump's Shakeup of the Global Order

Odd Lots

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4.4 • 1.6K Ratings

🗓️ 21 April 2025

⏱️ 63 minutes

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Summary

Martin Wolf has been called one of the world's most important economics commentators, and has for decades written in columns and his own books about the evolution of the global economy, chronicling the rise of globalization and the subsequent pushback to liberal trade. And he's had a lot to write about in recent weeks. President Trump's unveiling of sweeping tariffs against pretty much every single US trading partner has not only roiled global markets, but is shaking up international politics as well. Countries around the world are now struggling to understand exactly what the Trump administration is trying to achieve, how far it will go in terms of its political and economic isolationism, and how they should we respond. On this episode we speak with Wolf, the chief economics commentator for the Financial Times, about what Trump's reordering of global trade means for the world, how Europe and China might respond, and the origins of the US administration's economic discontent.

Read More:
Trump’s Tariffs and China Collide to Shock the $115 Trillion Global Economy
What’s Left of Globalization Without the US?

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0:56.5	Bloomberg Audio Studios Podcasts Radio News
0:59.4	Hello and welcome to another episode of the Odd Lots podcast. I'm Tracy Allaway. And I'm Joe
1:14.9	Wazenthal. Joe, we're here in London. Still in London. Still in London. It's been interesting.
1:19.9	I think I've mentioned, so I obviously, I went to university here, got my first job here, first at
1:24.7	Bloomberg. I left very quickly and joined the F.T. And I was here for like
1:29.2	10 years and met my husband here. So I've just been walking around the city this week, just
1:33.6	feeling very nostalgic about everything. This is a very weird time to be in London. For one thing,
1:40.6	I have to say, like, the whole time zone thing really messes me up.
1:44.5	And like, I'm like, you know, me, the concept of time zone still blows my mind a little bit.
1:49.3	As an American, I'm not surprised to hear you say that.
1:51.5	The most obvious.
1:52.2	It's like, I can't believe the market's still open.
1:54.7	But also, you know, we're in a time where changing perceptions towards the U.S. are a big story. And normally, if I'm being
	...

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