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Today, Explained

The deal with Trump's deals

Today, Explained

Vox

News, Daily News, Politics

4.310.3K Ratings

🗓️ 5 August 2025

⏱️ 29 minutes

🧾️ Download transcript

Summary

Trump's been cutting trade deals left and right, saying they're the key to unlocking an era of economic prosperity. New data does not back him up. This episode was produced by Rebeca Ibarra, edited by Jolie Myers, fact-checked by Laura Bullard, engineered by Andrea Kristinsdottir and Patrick Boyd, and hosted by Sean Rameswaram. Listen to Today, Explained ad-free by becoming a Vox Member: vox.com/members. Transcript at vox.com/today-explained-podcast. President Donald Trump shouting answers to questions from reporters from the roof of the White House. Photo by Win McNamee/Getty Images. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

It was just under a month ago in July 2025 that we here today explained brought you an episode titled I Was Told There Would Be Deals.

0:08.5

The gist of the thing was Trump promised trade deals, but we weren't really getting them.

0:13.2

You know how it goes taco, Trump always chickens out, etc.

0:17.4

And Trump is calling that a deal, but it's not really anything that looks like a free trade deal, as everyone else understands it.

0:24.6

But to be fair, since we made that show, the President of the United States has had a busy month out on the road.

0:30.6

I never had the privilege of going to his island.

0:32.6

Okay, so he never made it to the island, but he did spend some time in Europe and he walked away with the deal. He's actually got deals with some of our most important trade partners around the world. And that's why today's show is titled The Deal with Trump's Deals. We're going to take a look at what he's been up to. He's bringing in revenue, but long term, is it going to be good for the United States? Be careful if you suggest it won't be, though, because that might get you

0:54.6

fired. She's just a girl and she's fired. Support for today, explain, comes from Sacks Fifth Avenue.

1:02.6

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1:08.0

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1:16.1

This is very Sean. This is very Sean-coded. Gucci loafers. Sacks says Sacks makes shopping feel totally customized to you, whether that's from an in-store stylist or a visit to Sacks.com, where they can show you just what you want to see. They say they'll even let you know when arrivals from your favorite designers are in or when something you've been eyeing is back in stock. You can find inspiration for your personal style every day at Sacks Fifth Avenue. Support of the show comes from The Guardian. If you listen to our show, my guess is that you value independent voices and perspectives on the news.

1:44.8

You want real reporting on real stories, and you don't want to wonder if the news you're getting is being skewed by an unseen hand.

1:50.2

The Guardian says they're fiercely independent, too.

1:53.3

They aspire to report the whole picture, and their coverage goes beyond the news.

1:57.8

They have new perspectives on culture, wellness, sports, and more.

2:01.7

For U.S. and world news without compromise or a paywall, read, watch and listen today at the Guardian.com.

2:10.1

Today is going to be...

2:11.8

Explain.

2:13.5

See you.

2:15.6

Today, Explain from Vox, Sean Ramos from joined by Bloomberg's Brendan Murray,

2:20.0

who spoke to us about Trump's deals from the floor of the Bloomberg newsroom in London, England.

2:25.1

It seems like a long time ago, but it started around April 2nd.

...

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