Mike Bird

I'm Mike Bird. I'm the Wall Street editor at leading magazine, The Economist. We call it a newspaper internally. Just to be clear, I'll get in trouble if I don't say that.

I'm Mike Bird. I'm the Wall Street editor at leading magazine, The Economist. We call it a newspaper internally. Just to be clear, I'll get in trouble if I don't say that.

I'm Mike Bird. I'm the Wall Street editor at leading magazine, The Economist. We call it a newspaper internally. Just to be clear, I'll get in trouble if I don't say that.

They really are very, very steep. So I was looking across a group of them where the tariffs run to between 24 and 46 percent, depending on the country. So, yeah, very, very steep, considerably more than I think I was expecting, considerably more than most investors were expecting. It's a It's really extensive and broad.

They really are very, very steep. So I was looking across a group of them where the tariffs run to between 24 and 46 percent, depending on the country. So, yeah, very, very steep, considerably more than I think I was expecting, considerably more than most investors were expecting. It's a It's really extensive and broad.

They really are very, very steep. So I was looking across a group of them where the tariffs run to between 24 and 46 percent, depending on the country. So, yeah, very, very steep, considerably more than I think I was expecting, considerably more than most investors were expecting. It's a It's really extensive and broad.

There's a big range of reactions, and I think that reflects the difference in both relationships with the US and sort of some different strategies going on. So the Chinese government reaction to note that the tariffs are sort of deeply unreasonable, that it's a sort of attack on the rest of the world, basically, is probably the least surprising of these.

There's a big range of reactions, and I think that reflects the difference in both relationships with the US and sort of some different strategies going on. So the Chinese government reaction to note that the tariffs are sort of deeply unreasonable, that it's a sort of attack on the rest of the world, basically, is probably the least surprising of these.

There's a big range of reactions, and I think that reflects the difference in both relationships with the US and sort of some different strategies going on. So the Chinese government reaction to note that the tariffs are sort of deeply unreasonable, that it's a sort of attack on the rest of the world, basically, is probably the least surprising of these.

But I think it's more interesting to break down the countries that are really much closer diplomatically to the US. So the cabinet of Taiwan called the Trump tariffs deeply unreasonable and highly regrettable. Korea said that they were studying what was happening.

But I think it's more interesting to break down the countries that are really much closer diplomatically to the US. So the cabinet of Taiwan called the Trump tariffs deeply unreasonable and highly regrettable. Korea said that they were studying what was happening.

But I think it's more interesting to break down the countries that are really much closer diplomatically to the US. So the cabinet of Taiwan called the Trump tariffs deeply unreasonable and highly regrettable. Korea said that they were studying what was happening.

The Japanese trade minister did call the move extremely regrettable.

The Japanese trade minister did call the move extremely regrettable.

The Japanese trade minister did call the move extremely regrettable.

But a lot of these countries are a little bit more circumspect and a little bit more, a little bit quieter, precisely because they have these very tight security relationships with the U.S. And they're very, very keen not to upset D.C., basically. So, yeah, there will be a little bit of a reserved reaction from some of them.

But a lot of these countries are a little bit more circumspect and a little bit more, a little bit quieter, precisely because they have these very tight security relationships with the U.S. And they're very, very keen not to upset D.C., basically. So, yeah, there will be a little bit of a reserved reaction from some of them.

But a lot of these countries are a little bit more circumspect and a little bit more, a little bit quieter, precisely because they have these very tight security relationships with the U.S. And they're very, very keen not to upset D.C., basically. So, yeah, there will be a little bit of a reserved reaction from some of them.

So to be clear, we should start by saying there are trade restrictions that other countries put on the US. In some cases, they're steeper than the ones going in the other direction. That, from first principles, is a reasonable thing for US policymakers to be upset about. But

So to be clear, we should start by saying there are trade restrictions that other countries put on the US. In some cases, they're steeper than the ones going in the other direction. That, from first principles, is a reasonable thing for US policymakers to be upset about. But