The Spectator magazine is home to wonderful writing, insightful analysis and unrivaled books and arts reviews.

Subscribe today for just £12 and receive a 12 week subscription in print and online, along with a free £20 £10,000 or waitrose voucher.

Go to spectator.co.uk forward slash voucher.

Hello. forward slash voucher. Hello and welcome to the Americano podcast, a series of discussions about American politics,

power and prejudices. It is 2025 and Donald Trump is president once again of the United States.

We will, of course, be following the moves of the Donald and his second administration very closely.

However, it won't just be politics for us this year.

We'll also talk a lot and cover American culture, life and the arts. I should also remind you, because my

producer Natasha will not let me hear the end of it, that we are on Spectator TV. So head to our

YouTube channel to watch that. Hello and welcome to the Americano show.

Today we are going to be talking about tariffs because Donald Trump has slapped.

Yes, you have to use the word slap.

Significant tariffs on Canada, Mexico and slightly less, though still very significant tariffs on China too.

And he is gearing up to impose more on Europe and possibly Britain, we wait and see.

And it's causing all sorts of connoisseons in the media and in the markets too.

To discuss this subject, I am delighted to be joined by our economics editor,

Kate Andrews, who's here with me, and the leader of the Social Democratic Party, William Cluston,

who takes not the conventional view, I'd say, in Westminster Circles on Donald Trump's tariff policies.

Kate, let's begin. It seems to be very bad news if you talk to

anyone who knows about the city, talks about the city, writes about the city. How disastrous is it,

do you think? We can probably extend that further. Economists on the left and right don't tend to

agree on much. They tend to think that rent controls are a bad idea right don't tend to agree on much.

...