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Donald Trump has already changed the way we think about the US economy. Now he's back in the

White House and Bloomberg's Trumponomics podcast is here to help. I'm Stephanie Flanders,

head of government and economics at Bloomberg. Whatever the big question of the week is,

we'll have something interesting to tell you about it in a lively conversation with the

reporters and analysts closest to the action.

Listen to new episodes every Wednesday and follow Trumponomics on Apple Podcasts, Spotify, or wherever you listen.

Bloomberg Audio Studios, Podcasts, Radio News.

Music Audio Studios, Podcasts, Radio News. A single best idea, and today it could be forable best idea.

I mean, there's that much going on.

The president, of course, speaking at 1VM today on reciprocal trade. Thank you so much to all

that helped today on this new concept from the 1930s. Wendy Schiller at Brown was absolutely

brilliant on reciprocal trade and the idea of how things have changed from GATT, from the World Trade Organization, and from George

Bush Sr. and junior. This is like a mind meld. I was just thinking this is exactly the

opposite of the George Herbert Walker Bush and the George W. Bush Republican Party, which was,

you know, engage, exert influence, send troops where you need to.

So this is a complete sea change.

This is going back to the 1940s.

This is sort of southern conservative Democratic Party isolationism.

This is we will exert power when we need to, when it's in our interest.

But otherwise, we are not going to come to the rescue of democracy. We're

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