This episode explores the immediate and widespread global reactions to President Trump's announcement of sweeping new tariffs on imported goods. Against the backdrop of Trump's claim that these tariffs would revitalize American industry, the episode highlights the overwhelmingly negative responses from markets and world leaders. More significantly, the analysis delves into the economic implications, with experts predicting higher prices and slower economic growth in the U.S. and globally, citing concerns similar to those surrounding the Smoot-Hawley tariffs of the 1930s. For instance, NPR's Scott Horsley details the arbitrary nature of the tariff calculations and the potential for retaliatory measures from other countries. The discussion then pivots to the international fallout, showcasing the dismay and confusion expressed by leaders around the world, with some preparing countermeasures while others seek negotiations. Finally, the episode touches upon the ongoing saga of TikTok's sale, highlighting Oracle's favored position due to its existing infrastructure and the unusual proposal to lease the algorithm, leaving the long-term implications for national security and Sino-American relations uncertain.
