The global economy and U.S. markets have been reeling since President Trump announced a sweeping package of tariffs on Wednesday. China retaliated late Friday with a matching tariff, further nosediving the stock market and escalating the trade war. Economists predict the expansive tariffs will raise prices and impact jobs, and potentially lead to a recession and upend the global economy. We’ll talk to experts about why markets are reacting the way they are, and what it might mean for the future of the global economy.
The Fallout of Trump’s Expansive Tariffs
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, on April 4, 2025. (TIMOTHY A. CLARY/AFP via Getty Images)
Guests:
Stephanie Flanders, senior executive editor, Bloomberg; head of Bloomberg Economics
Lori Wallach, director, Rethink Trade program at American Economic Liberties Project; senior advisor; Citizens Trade Campaign
Kyle Handley, associate professor of economics, School of Global Policy and Strategy, UC San Diego; director, Center for Commerce and Diplomacy
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