Framed as a tool to protect American workers, rebalance trade and revive the nation’s domestic industry, the tariffs levied by Donald Trump came with a promise of bold results. On this episode of Trumponomics, Richard Baldwin, professor of international economics at IMD Business School, says the trade war is unlikely to accomplish its stated goals and that the world may very well leave America behind. 

Imposed unilaterally and outside the guardrails of the World Trade Organization, the president’s tariffs represent a sharp break from decades of US policy. Baldwin, author of The Great Trade Hack: How Trump’s Trade War Fails and Global Trade Moves On, tells host Stephanie Flanders, Bloomberg’s head of Economics and Government, that the levies weren’t about reciprocity or even results. Instead, they are about “grievance.”

Framed as a tool&nbsp;to protect American workers, rebalance trade&nbsp;and revive the nation&rsquo;s domestic industry, the tariffs levied by Donald Trump came with a promise of bold results. On this episode of Trumponomics, Richard Baldwin, professor of international economics at IMD Business School, says&nbsp;the trade war is unlikely to accomplish its stated goals&nbsp;and that the world may very well leave America behind.&nbsp;
Imposed unilaterally and outside the guardrails of the World Trade Organization, the president&rsquo;s tariffs represent a sharp break from decades of US policy. Baldwin, author of The Great Trade Hack: How Trump&rsquo;s Trade War Fails and Global Trade Moves On, tells host Stephanie Flanders, Bloomberg&rsquo;s head of Economics and Government, that the levies weren&rsquo;t about reciprocity or even results. Instead, they are about &ldquo;grievance.&rdquo;

Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.

Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.

Who will win the trade war, and how? If the job market is so strong, why does your paycheck seem so meager? What will drive the economy of the future? Stephanomics, a podcast hosted by Bloomberg Economics head Stephanie Flanders, will take listeners on location each week to answer questions like these and bring the global economy to life.

Trumponomics

Why Tariffs Can’t Fix America's Economic Malaise

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0d6e9e6b-d7d4-48fc-9c95-b2eb01339419/transcript