Will Trump's Strategy Work? - Liam Halligan
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What are Trump's tariffs, and how do they affect the economy?
Liam Halligan, our go-to guy for all things economics. We want to talk to you about the tariffs. We want to talk to you about the British economy. And you have a very particular insight into the civil war that's happening inside of reform as well. We'll touch on that at the end. But first of all, let's talk about the Trump tariffs. One of the things I think quite a lot of us assumed is this is just talk, right? He's going to claim he's going to put some tariffs on in order to get people to do what he wants, but we're not actually going to have tariffs. Is that what's happening, or are we actually going to have a trade war of the kind that people fear? Well, it's the old sage's response to anything that Trump does, isn't it? Take him seriously, but not literally. This is just a bargaining ploy. And I still think there is an element of that. But in order to be taken seriously, if not literally, he has to at least put some tariffs on for a while.
And yet what we're seeing is even though he says, you know, tariffs are the most beautiful work in the dictionary... I love tariffs. His actions suggest that he's actually blowing hot and cold, except, it seems, when it comes to China. And that's my proviso. We'll come on to that. So obviously, he talked about 25% tariffs on both Canada and Mexico in his inauguration speech. introduced them beginning of february for a few days took them off again now there's a reprieve now it seems if they come back there's the the goods that are involved in the nafta free trade agreement which was renegotiated during the first trump presidency they're going to be excluded maybe car components are going to be excluded
because U.S.-based automakers, you know, they use Canadian-made car components a lot. So it seems to be kind of scattergun. But of course, just because Trump has threatened this and is talking tough on Canada, he's propelled, you know, he's convulsed America's relations with Canada and absolutely revolutionized Canadian politics with a complete...
How might Trump's tariffs influence US-China relations?
um outsider coming in as as prime ministers i'm sure we discussed and his party uh rocketing ahead in the opinion polls making up a big deficit china he has introduced tariffs i'm not sure they're going to be removed anytime soon there was already a 10 tariff under joe biden of course And Trump doubled that to 20 percent and made it more wide ranging.
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Chapters
6 chapters
1
What are Trump's tariffs, and how do they affect the economy?
1:59–3:52
2
How might Trump's tariffs influence US-China relations?
3:52–12:39
3
What is the significance of the Russia-China relationship?
12:39–23:46
4
Can Europe handle increased defense spending?
23:46–28:56
5
Is the British economy living in cloud cuckoo land?
28:56–33:40
6
How do geopolitical tensions impact global markets?
33:40–1:12:53
Speakers
1 identifiedMore from TRIGGERnometry
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