Tariff Stockholm Syndrome

Slate Money

Slate Podcasts

Investing, Business

4.3 • 988 Ratings

🗓️ 10 May 2025

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

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.
0:56.0	It's exciting. It's all coming up on Slate Money.
1:05.6	The Steakhouse Stack with two layers of delicious beef, crispy onions and pepper corn sauce.
1:10.5	It's the kind of McDonald's you take photos of to put pride of place on the mantelpiece.
1:14.1	Sure, you'll need to make room, but you remember what your wedding day look like?
1:17.5	The Steakhouse Stack. It's McDonald's and then some.
1:21.6	Available to the 17th of June, served from 11 a.m.
1:23.9	Subjects availability, participating in restaurants only.
1:26.8	Amazon offers term time working to their employees, like Anton.m. Subjects availability, participating restaurants only. Amazon offers term time working to their employees, like Anton,
1:31.3	who's home to look after his daughters during their holidays.
1:36.3	To him, this is the best sound in the world.
1:39.3	Actually, maybe that's the best sound of all.
1:47.4	Now that's term time working.
1:49.8	Offered at Amazon.
1:51.3	Ten weeks off guaranteed per year.
	...

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