Donald Trump’s sweeping tariff announcement is being described as a shockingly radical shift in policy.  

The US President announced 10% tariffs on almost all goods entering the US, including from New Zealand. 

Many countries face much higher tariffs, including China with a combined 54% levy. 

Former US Department of Treasury Economist Brad Setser told Mike Hosking it’s a fundamental break in the US’ post-WWII international economic policy approach and is an enormous political and economic risk. 

He believes the magnitude of the tariff increase does threaten to push the US into a recession. 

LISTEN ABOVE 

Donald Trump’s sweeping tariff announcement is being described as a shockingly radical shift in policy. &nbsp;
The US President announced 10% tariffs on almost all goods entering the US, including from New Zealand.&nbsp;
Many countries face much higher tariffs, including China with a combined 54% levy.&nbsp;
Former US Department of Treasury Economist Brad Setser told Mike Hosking it’s a fundamental break in the US’ post-WWII international economic policy approach and is an enormous political and economic risk.&nbsp;
He believes the magnitude of the tariff increase does threaten to push the US into a recession.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Brad Setser: Former US Department of Treasury Economist on the impact of Donald Trump's new tariffs

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/bbebb14f-e299-4ffd-b4b1-b2b40151bdc8/transcript