How do tariffs work?

Steel & aluminium tariffs

Are tariffs always bad?

Impact on Australia

What about our trade deficit?

What about our trade agreement?

We discuss Trump’s new tariffs on steel and aluminium imports and what they’ll mean for Australia.

On this episode of Follow the Money, Senior Economist Matt Grudnoff joins Ebony Bennett to explain how tariffs work, Trump’s 25 per cent levy on steel and aluminium imports, and how big a deal this will be for Australia.

This discussion was recorded on Tuesday 11 February 2025 and things may have changed since recording. 

Order What's the Big Idea? 32 Big Ideas for a Better Australia now, via the Australia Institute website. 

Guest: Matt Grudnoff, Senior Economist, the Australia Institute // @mattgrudnoff

Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebonybennett

Show notes: 

After America, the Australia Institute

‘Trump’s latest tariff bid shows the old rules of trade no longer apply. Scraps of paper will not save us’ by Greg Jericho, Guardian Australia (February 2025)

Theme music: Blue Dot Sessions 

We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to podcasts@australiainstitute.org.au. 

We discuss Trump&rsquo;s new tariffs on steel and aluminium imports and what they&rsquo;ll mean for Australia.
On this episode of Follow the Money, Senior Economist Matt Grudnoff joins Ebony Bennett to explain how tariffs work, Trump&rsquo;s 25 per cent levy on steel and aluminium imports, and how big a deal this will be for Australia.
This discussion was recorded on Tuesday 11 February 2025 and things may have changed since recording.&nbsp;
Order <a href="https://australiainstitute.org.au/store/Whats-the-Big-Idea-p697420081">What's the Big Idea? 32 Big Ideas for a Better Australia</a> now, via the Australia Institute website.&nbsp;
Guest: Matt Grudnoff, Senior Economist, the Australia Institute // <a href="https://bsky.app/profile/mattgrudnoff.bsky.social">@mattgrudnoff</a>
Host: Ebony Bennett, Deputy Director, the Australia Institute // <a href="https://bsky.app/profile/ebonybennett.bsky.social">@ebonybennett</a>
Show notes:&nbsp;
<a href="https://australiainstitute.org.au/news/category/podcasts/after-america/">After America</a>, the Australia Institute
<a href="https://www.theguardian.com/business/grogonomics/2025/feb/10/trumps-latest-tariff-bid-shows-the-old-rules-of-trade-no-longer-apply-scraps-of-paper-will-not-save-us">&lsquo;Trump&rsquo;s latest tariff bid shows the old rules of trade no longer apply. Scraps of paper will not save us&rsquo;</a> by Greg Jericho, Guardian Australia (February 2025)
Theme music: Blue Dot Sessions&nbsp;
We&rsquo;d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to <a href="mailto:podcasts@australiainstitute.org.au">podcasts@australiainstitute.org.au</a>.&nbsp;

Economics and politics explained in plain English

Economics and politics explained in plain English

Follow The Money

Economics, politics and policy explained in plain English.

Economics, politics and policy explained in plain English.

We discuss Trump’s new tariff on steel and aluminium imports and what they’ll mean for Australia.

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