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A big bad week for money
Manage episode 476289985 series 98598
Thanks to Donald Trump and his dodgy formula, last week tariffs were applied to countries all over the world. Consequently, the stock markets had their worst downturn since the pandemic. And economists warned of a weakened dollar, trade wars, and global recession.
The White House denied for days that the US would back down on the tariffs. Until yesterday, when Trump pressed pause on higher tariff rates, with a few notable exceptions.
To unpack what on earth is going on in Washington and around the world Rachel Cunliffe is joined by business editor and Will Dunn and US correspondent Freddie Hayward.
Sign up to the New Statesman's daily politics newsletter: Morning Call
Submit a question for a future episode: You Ask Us
Hosted on Acast. See acast.com/privacy for more information.
1127 episodes
Manage episode 476289985 series 98598
Thanks to Donald Trump and his dodgy formula, last week tariffs were applied to countries all over the world. Consequently, the stock markets had their worst downturn since the pandemic. And economists warned of a weakened dollar, trade wars, and global recession.
The White House denied for days that the US would back down on the tariffs. Until yesterday, when Trump pressed pause on higher tariff rates, with a few notable exceptions.
To unpack what on earth is going on in Washington and around the world Rachel Cunliffe is joined by business editor and Will Dunn and US correspondent Freddie Hayward.
Sign up to the New Statesman's daily politics newsletter: Morning Call
Submit a question for a future episode: You Ask Us
Hosted on Acast. See acast.com/privacy for more information.
1127 episodes
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