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Political Currency
Trump Vs the Bond Market: Inside the Presidentās tariffs U-turn
Season 1, Ep. 164
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Itās been a rollercoaster few days for the world economy thanks to Donald Trumpās āLiberation Dayā tariffs announcement - and his dramatic U-turn a scant week later. With a 90-day pause for every country hit - aside from China - Ed Balls and George Osborne consider the significance of a hugely disappointing auction of US treasuries, and how it led to Trumpās Treasury Secretary warning him of a looming economic crisis.
They ask: are we watching in real time the US tearing at the foundations of the very system they created? And are there now the first rumblings of Republican discontent? Seems like thereās the first signs of figures in Congress and on Wall Street starting to dissent ā¦
Meanwhile, Keir Starmer has vowed to āturbochargeā the UK economy in the face of global economic tumult. George runs through the options available to the Prime Ministerā¦ Is the answer in softening āironcladā fiscal rules, deals with India or the EU, or hoovering up scientific talent alienated from the US?
And they turn their attention to a Harvard and Kings College London paper, co-authored by Professor Ed Balls ā what can the UK learn from āBidenomicsā?
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Technical Producer: Danny Pape
Producers: Miriam Hall and Jarek Żaba
Executive Producer: Dino Sofos
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