Economist Podcasts Doomed traders: Trump’s tariff fallout
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Apr 7, 2025 
Rachna Shambhog, Business affairs editor at The Economist, and Tom Sass, Britain Public Policy Editor at The Economist, dive into the chaos following Trump's tariffs. They unpack the global economy's turmoil, focusing on the backlash from countries like China and Canada and its repercussions on businesses like Apple. The conversation expands to personal finance tools, including a nutrition app called Zoe that tracks health metrics, before shifting to fascinating research on how seals manage oxygen underwater—unveiling surprising insights for humans.
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Retaliation Measures
- China retaliated with reciprocal tariffs and export controls on rare earth metals.
- Canada's Prime Minister announced retaliation against tariffs on cars and car parts.
Negotiation Attempts
- Some countries, like Vietnam, offered to lower tariffs on American goods.
- The White House hasn't indicated a change of mind, but negotiations might occur.
Hesitation and Calculation
- Countries hesitate to retaliate, fearing negative economic consequences for themselves.
- Some hope negotiation is more effective than immediate retaliation.