A big bad week for money

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.

Om Podcasten

Reporting and analysis to help you understand the forces shaping the world - with Andrew Marr, Hannah Barnes, Kate Lamble and Tom Gatti, plus New Statesman writers and expert contributors.WEEKLY SCHEDULEMonday: CultureTom Gatti & Kate Mossman explore what cultural moments reveal about society and the world.Wednesday: InsightOne story, zoomed out to help you understand the forces shaping the world. Thursday: PoliticsAndrew Marr and Hannah Barnes are joined by regulars Rachel Cunliffe and George Eaton, plus New Statesman writers and guests, to provide expert analysis of the latest in UK politics.Friday: You Ask UsOur weekly listener questions show, with Andrew Marr, Hannah Barnes and New Statesman writers.Submit your questions at https://www.newstatesman.com/youaskus--New Statesman subscribers can listen ad-free on the New Statesman app.Get your first two months' subscription for just £2 at https://www.newstatesman.com/save Hosted on Acast. See acast.com/privacy for more information.