Brad Setser on the Damage From Trump's Gigantic Tariff Shock
Odd Lots
Bloomberg
4.4 • 1.6K Ratings
🗓️ 5 April 2025
⏱️ 32 minutes
🧾️ Download transcript
Summary
He needs no introduction: When trade is in the news, we speak with Brad Setser of the Council on Foreign Relations. Brad has been talking for awhile about the major imbalances of world trade, and the US-China relationship in particular. However, rather than building up a large trading bloc with our allies to counter Chinese influence, the Trump administration has chosen a path of going it alone, targeting friend and foe alike with large and wide-ranging tariffs. In this episode, we talk about the significance of the move, the potential damage, and what, if any, positive scenarios could result.
Read More:
Global Recession Fears Engulf Wall Street on Tariff Retaliation
Matt Levine: The Tariffs Have Some Math
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Transcript
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| 0:23.9 | Something unexpected happened after Jeremy Scott confessed to killing Michelle |
| 0:28.2 | Schofield in Bone Valley season one. |
| 0:31.3 | Every time I hear about my dad is, oh, he's a killer. |
| 0:34.2 | He's just straight evil. |
| 0:35.9 | I was becoming the bridge between Jeremy Scott and the son he'd never known. |
| 0:40.7 | At the end of the day, I'm literally a son of a killer. |
| 0:43.4 | Listen to new episodes of Bone Valley Season 2, starting April 9th on the IHeart Radio app, Apple Podcasts, or wherever you get your podcasts. |
| 0:55.0 | Bloomberg Audio Studios. |
| 0:57.6 | Podcasts, Radio, news. |
| 1:10.3 | Hello and welcome to another episode of the Thoughts podcast. |
| 1:14.1 | I'm Tracy Alloway. |
| 1:15.1 | And I'm Joe Wisenthall. |
| 1:17.4 | Joe, another day, another emergency podcast. |
| 1:20.5 | We're going to do a lot. |
| 1:21.9 | This is a fact. |
| 1:23.3 | I should just resign myself to this inevitability, right? |
| 1:26.9 | The story of the tariffs, the market reaction, the global reaction is the central story of our time, |
| 1:34.1 | one of the biggest stories of our entire career. |
| 1:37.2 | I think perhaps, depending on how things could go, a bigger story than the past two big stories of the great financial crisis and the COVID shock. |
| 1:46.1 | We're going to be doing a lot of episodes about what this all means. |
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