Donald Trump has moved quickly to impose tariffs on literally every country in the world. Trump’s tariffs against Australia are not only affecting matters of trade; they potentially infringe Australian sovereignty. The Lowy Institute’s Lead Economist Roland Rajah sits down with Dr Jenny Gordon, Lowy Institute Nonresident Fellow and Honorary Professor at the Australian National University, to discuss the economics and peculiar logic behind Trump’s tariff plans, what it means for smaller countries like Australia, and how they should respond.