logo
episode-header-image
Apr 2025
13m 43s

Swamp Notes: The costs of Trump’s tariff...

Financial Times
About this episode
tail spinning
Up next
Today
US health insurer stocks call in sick
US health insurance stocks plunged yesterday, and New Delhi and Brussels have agreed a trade deal that will eliminate up to €4bn of tariffs on EU exports. Plus, Nato is increasing its military presence in the Arctic to counter Russia. Mentioned in this podcast:US health insurer s ... Show More
11m 1s
Yesterday
US and Japan flirt with joint currency intervention
The Trump administration has linked security guarantees for Ukraine to Kyiv ceding the Donbas region to Russia, and there’s speculation that the US and Japan could be working together to support the yen. Plus, Israel’s military announced it had retrieved the remains of the last h ... Show More
11m 37s
Jan 26
Trump faces backlash on immigration crackdown after shooting
The Trump administration’s immigration enforcement agency faces growing backlash after federal agents fatally shot a second protester in two weeks, and Trump teases his pick for the US’s next Federal Reserve chair. Plus, UK Prime Minister Keir Starmer goes on the charm offensive ... Show More
12m 22s
Recommended Episodes
Aug 2025
Introducing Swamp Notes: The real cost of gutting USAID
Political Fix is on a break this week. In its absence, we're taking the opportunity to introduce you to its sister podcast, Swamp Notes, the weekly US politics podcast from the Financial Times. Six months after the Trump administration gutted the US Agency for International Devel ... Show More
19m 4s
Aug 2025
How Asia is coping with Trump’s tariffs. With Mari Pangestu
President Donald Trump thinks that Asia's goods exports are automatically America's loss and as part of his ‘reciprocal’ tariff policy, he has imposed some of the highest import taxes on goods from south-east Asia. So what does this mean for the region? And are Trump's policies p ... Show More
28m 36s
Feb 2025
Will Trump’s tariffs make Europe great again?
<p>European stock indices have outperformed the S&amp;P 500 so far this year. The FT’s Aiden Reiter joins Katie Martin to discuss why investors are finally looking beyond US stocks and why Donald Trump’s policies could accidentally benefit global exporters. Also, we go short post ... Show More
19m 51s
Sep 2025
The ugly truth about Trump’s ‘beautiful tariffs’. With Martha Gimbel
Customs duties on imported goods used to be a crucial part of US government funding – in fact, the customs service was among the first federal agencies set up after the constitution. Now, Trump is hoping that – among other things – tariffs could transform the US budget. But do th ... Show More
32m 34s
Sep 2025
Appeals court rules most of Trump's tariffs illegal.
On Friday, the U.S. Court of Appeals for the Federal Circuit ruled in a 7–4 decision that President Donald Trump had overstepped his authority in imposing tariffs unilaterally, upholding a lower court decision. The appeals court’s decision targeted the tariffs Trump justified by ... Show More
32m 14s
Feb 2025
Will Tariffs End Trump’s Honeymoon?
After months of promising to impose tariffs on U.S. trading partners, President Donald Trump has made good on his word. On Friday, he announced 10 percent tariffs on China and 25 percent tariffs on Canada and Mexico, though the latter has been delayed by a month. Today on the 538 ... Show More
39m 17s
Oct 13
What’s up with the US economy? With Austan Goolsbee
Austan Goolsbee, president of the Federal Reserve Bank of Chicago and a voter on the Fed’s interest rate-setting committee, speaks to the FT’s economics commentator Chris Giles about the outlook for the US economy amid a boom in AI investment, sluggish hiring, President Donald Tr ... Show More
24m 57s
Apr 2025
Are US tariffs just the beginning? With Abraham Newman
As Donald Trump declares a trade war on the rest of the world, it’s time to learn about a field of economic research known as “weaponised interdependence”. The bad news is that the US president’s weapon of choice – imposing tariffs on goods imports – is a fairly outdated tool of ... Show More
31m 33s
Apr 2025
What an Iowa Farmer Fears About the Trade War
<p>In the increasingly bitter trade war between the United States and China, perhaps nobody has more at stake than America’s soybean farmers, whose crop has become the country’s single biggest export to China.</p><p>Michael Barbaro speaks to an Iowa farmer who helped build that $ ... Show More
29m 23s
Sep 2025
Treasury Secretary Scott Bessent: Tariffs, TikTok, & A Duel 9/16/25
<p>On the ground in London for the President’s state visit, Treasury Secretary Scott Bessent discusses tariffs, a potential trade deal with China, Federal Reserve independence, and reports of a spar between himself and Federal Housing Finance Agency Director Bill Pulte. Plus, <a ... Show More
45m 28s