Slate Money | Tariff Stockholm Syndrome

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4 • 1.1K Ratings

🗓️ 10 May 2025

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week: The UK and the US agreed to the framework for a trade deal. Felix Salmon, Emily Peck, and Elizabeth Spiers discuss the details of the agreement and what it means that it includes keeping the 10% baseline tariffs staying in place. Then, Bill Gates has announced that he’s winding down the Gates Foundation and doubling the money he’s giving away. The hosts discuss how this is a reaction to Elon Musk’s slashing of USAID and the state of billionaire philanthropy. And finally, OpenAI has reversed its plan to become a for profit enterprise after public backlash. The hosts discuss implications of the governance structure going forward. In the Slate Plus episode: Can Trump really put tariffs on Hollywood? Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello!
0:11.0	Welcome to Slate Money, your guide to the business and finance news of the week.
0:18.0	I'm Felix Hammond of Axios. I'm here with Elizabeth Spires of New York Times.
0:21.8	Hello. I'm here with Emily Peck. Back to you. Hi, hi.
0:25.1	Shall we talk about my native country this week? The United Kingdom? We did a trade deal with you,
0:30.9	Yanks. So let's talk about that. We shall talk about Bill Gates, who is speeding up his philanthropy and wants to die with nothing.
0:41.8	We are going to talk about Open AI and the degree to which it is actually a nonprofit or not.
0:48.2	We have a Slate Plus on movies, tariffs, Hollywood, and spoilers about Thunderbolts.
0:55.8	It's exciting. It's all coming up on Slate Money.
1:05.0	Race the rudder. Raise the sails. Raise the sails.
1:12.6	Captain, an unidentified chip approaching. Over.
1:13.6	Roger that.
1:14.6	Wait, is that an enterprise sales solution?
1:18.6	Reach sales professionals, not professional sailors.
1:22.6	With LinkedIn ads, you can target the right people by industry, job title and more.
1:26.6	To get £100 of your first campaign, go to LinkedIn.com slash lead to claim your credit.
1:32.6	That's LinkedIn.com slash lead.
1:34.8	Terms and conditions apply.
1:36.5	So I think we should start this week with the art of the deal.
1:41.6	And Donald Trump's astonishing success in agreeing to a trade deal with Kea Stama,
1:48.5	the Prime Minister of Great Britain, or I should say of the United Kingdom, should be precise
1:52.7	here on Slate Money. And it's a very interesting deal because the American tariffs on Britain
	...

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