Trump’s tariff tantrum – “Monumentally bruising to the global economy”

The Bunker

Podmasters

News, Politics, Society & Culture, Government

4.6 • 984 Ratings

🗓️ 4 April 2025

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Liberation Day? More like Liquidation Day. Trump’s malicious and ignorant tariff package has horrified the worlds of business and economics. What does it all mean? Did Britain really get off “lightly” as the Trump fanboys claim? Dmitry Grozoubinski – director of ExplainTrade and author of Why Politicians Lie About Trade – talks Andrew Harrison through the wrongheaded tactics, fantasy maths and tatty showmanship of what The Economist calls “the most profound, harmful and unnecessary economic error in the modern era.” • Buy Why Politicians Lie About Trade through our affiliate bookshop and you’ll help fund The Bunker by earning us a small commission for every sale. Bookshop.org’s fees help support independent bookshops too. • Support us on Patreon for early episodes and more. • We are sponsored by Indeed. Go to Indeed.com/bunker to get your £100 sponsored credit. Written and presented by Andrew Harrison. Audio production by Tom Taylor. Music by Kenny Dickinson. Managing Editor Jacob Jarvis. Group Editor Andrew Harrison. THE BUNKER is a Podmasters Production www.podmasters.co.uk Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:39.4	T's and C's apply.
0:40.3	Hello and welcome to the bunker,
0:53.8	your morning update on news, politics and current affairs every weekday.
0:57.9	I'm Andrew Harrison. Today, Trump's tariffs are finally here. After months of rattling his sabre,
1:04.9	threatening to punish the EU and many a former friendly country, and, as Chatham House described it,
1:12.7	wielding tariffs with unprecedented breadth and aggression, the President's self-designated Liberation Day finally arrived late on Wednesday
1:18.4	the 2nd of April. Since he took office in January, Trump has sent stock markets into decline,
1:24.8	shocked economists and the business world, and shattered relationships with
1:28.6	the US's largest trading partners by announcing and then delaying tariffs on foreign imports
1:33.8	over and over again. But Wednesday's announcement is on a different scale and threatens to
1:39.1	ignite an actual global trade war. What does it all mean? Is it what we were expecting and how hard will
1:45.7	Trump's measures hit Britain? Thank God that friend of the pod, Dmitri Grosabinsky,
1:51.0	director of Explain Trade, and author of the book Why Politicians Lie About Trade, is here
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