This episode explores the global economic uncertainty stemming from President Trump's tariffs on EU goods. Against the backdrop of the IMF head's warning of "off the charts" trade uncertainty, the podcast details a meeting between President Trump and Italian Prime Minister Giorgia Meloni, where both expressed confidence in reaching a trade deal. More significantly, the discussion highlights differing viewpoints on key issues like Ukraine and NATO spending, revealing potential obstacles to a broader EU-US agreement. For instance, while Meloni firmly supports Ukraine, Trump has blamed President Zelensky for the invasion. The podcast also examines the impact of the tariffs on global markets, including the surge in gold prices as investors seek safe havens. Finally, the episode touches upon other global news, including a US judge ruling against Google's advertising monopoly, China's efforts to boost domestic consumption among retirees, and a yellow fever outbreak in Colombia. What this means for global trade and economic stability remains uncertain, but the episode underscores the significant ripple effects of US trade policy.
