Martin Wolf on Trump's Shakeup of the Global Order
Description
Martin Wolf has been called one of the world's most important economics commentators, and has for decades written in columns and his own books about the evolution of the global economy, chronicling the rise of globalization and the subsequent pushback to liberal trade. And he's had a lot to write about in recent weeks. President Trump's unveiling of sweeping tariffs against pretty much every single US trading partner has not only roiled global markets, but is shaking up international politics as well. Countries around the world are now struggling to understand exactly what the Trump administration is trying to achieve, how far it will go in terms of its political and economic isolationism, and how they should we respond. On this episode we speak with Wolf, the chief economics commentator for the Financial Times, about what Trump's reordering of global trade means for the world, how Europe and China might respond, and the origins of the US administration's economic discontent.
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What’s Left of Globalization Without the US?
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Why don't the Europeans try to make a trade deal with Russia and China? Without Russia, Napoleon would have conquered all of Europe and likewise for Hitler. Russian gas would cost half as much as what the idiotic Europeans are paying to the US?