Hello and welcome to the GZero World Podcast.

This is where you can find extended versions of my interviews on public television.

I'm Ian Bremmer and today I'm asking an expensive question.

Did Wall Street get President Trump wrong?

On the campaign trail, candidate Trump promised to lower taxes and drastically reduce government regulation.

And that was a message that resonated as much with Wall Street as it did with Main Street.

And after surviving, if not thriving, under President Trump's first term in office,

the business community no longer feared Trump's unpredictability.

They overlooked his fixation on tariffs, his promises of mass deportation.

Surely this was all posturing and bluster, no reason to take the man literally.

And so when Trump won in November, stock prices soared and we all lived happily ever after the end.

In reality, the first months of Trump 2.0 have been a time of economic warfare and market volatility.

President Trump slapped tariffs on America's largest trading partners and closest allies,

and then began to make good on a promise to deport millions of illegal immigrants.

Important note that in February, Trump actually deported fewer people

than Biden did in the previous year,

but that's another show.

So where is this all heading?

And what does it mean for the rest of the world?

Here to discuss the global implications

of President Trump's volatile economic approach

is the editor-in-chief of the economist,

...