Trump’s Liz Truss moment: “It could be cataclysmic”
The News Agents
Global
4.2 • 4.3K Ratings
🗓️ 9 April 2025
⏱️ 36 minutes
🧾️ Download transcript
Summary
Trump's tariffs, combined with China's retaliation, are doing terrible things to stock markets around the world. People are selling off equity and assets in this increasingly uncertain time. But now something even more strange is happening - the bond market is tanking. And that’s a sign that confidence in the US government itself has hit the rocks. When Greece starts looking like a safer bet than America you know things are bad. Is Trump going to follow Liz Truss down the road to self immolation? And what happens next?
Later, why the Birmingham bin strikes are about something much bigger than rubbish - and why they might soon hit the rest of England.
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Transcript
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| 0:00.0 | The Newsagents podcast is brought to you by HSBC UK, opening up a world of opportunity. |
| 0:09.3 | This is a global player original podcast. |
| 0:12.7 | This is the largest transaction in the history of our country. |
| 0:16.6 | And don't let some of these policies go around and say, you know, |
| 0:19.8 | because I'm telling you, |
| 0:21.2 | these countries are calling us up, kissing my ass. They are, they are dying to make a deal. |
| 0:27.8 | Please, please, sir, make a deal. I'll do anything. I'll do anything, sir. |
| 0:31.6 | It may be true that some countries are ringing Donald Trump up to metaphorically kiss his ass. Maybe. |
| 0:41.2 | But China, no. China are kicking his ass every bit as hard as Donald Trump is trying to kick |
| 0:49.2 | theirs, with China raising their tariffs now against America to 85%. |
| 0:56.2 | It is spinning out of control. |
| 0:59.1 | We're getting used to thinking the unthinkable. |
| 1:02.0 | But try this one for size. |
| 1:04.5 | Is Donald Trump now going to the place recently vacated by one Liz Truss? and is he going to end up in the same mess. |
| 1:15.0 | Welcome to the newsagents. |
| 1:18.9 | The Newsagents. |
| 1:20.5 | It's John. |
| 1:21.4 | It's Emily. |
| 1:22.2 | It's Lewis. |
| 1:22.8 | And we had discussed today not talking about tariffs and thinking, I bet everyone's kind of had it up to |
| 1:28.7 | here with tariffs and surely there must be some other things in the world that are really important |
| 1:32.0 | that we could talk about. This is so all-consuming and getting so perilous for the state of the |
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