Tom Fairless
speaker
116 appearances
6 recordings
2 series
first heard Dec 2025
last heard 8 Jun
Tom Fairless’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 6 in all, peaking in Mar 2026 with 2.
Appearances
WSJ What’s News · Governments Push Citizens to Cut Back in Scramble to Save Energy · 20 Mar 2026
podcast
The Philippines, drivers of diesel-powered buses, they asked for taxes to be suspended because of these increased prices.
That's the concern of economists.
If you try and stabilize how much people are consuming when there's a shortage of energy, then the price goes up.
It's kind of economics 101.
In 2022, in the last energy crisis, during the Russian invasion of Ukraine, the government paid out hundreds of billions of dollars to citizens to try and lower their energy bills and try and stabilize industry.
But this time, interest rates are much higher.
Government debt is much higher.
And it's going to be much more tricky to afford those kind of measures, which is why they are putting more emphasis on these behavioral changes.
In France, they've done hundreds of inspections of gas stations to check that they're not raising prices too much.
But if the crisis continues, then presumably they will have to do more in terms of supporting citizens and paying out subsidies.
Thanks so much for having me, Julie.
The Supreme Court ruling and then this refund ruling both create a certain idea that there's a limit to how the administration can use these tariffs at will to penalize countries from one day to the next.
So firstly, it's a relief and there's enormous interest in claiming back these refunds.
German manufacturers were immediately facing questions from customers about how to get these, how quickly they would get these refunds.
But there's also continued uncertainty around how to claim it back, who gets the money, how much it will cost, how long it will take.
There's lots of new layers of uncertainty.
Businesses tell me they could live with a 10% tariff, even a 20% tariff if they knew what it was.
But it's the not knowing, the not being able to plan that is really poison for investment and for just making decisions on future markets and future investments.
Yes, that's right.
The French President Emmanuel Macron recently said that the trade balance with China is unsustainable.
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