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Marketplace All-in-One

It's been a long 100 days

Marketplace All-in-One

Marketplace

News, Business

4.81.3K Ratings

🗓️ 28 April 2025

⏱️ 8 minutes

🧾️ Download transcript

Summary

Tomorrow marks 100 days of President Donald Trump's second term in office. We're taking a look this week at what this new administration has meant for the U.S. and global economies. We start today by chatting with Zanny Minton Beddoes, editor-in-chief of The Economist Magazine. And later: Tariffs have been used before by countries around the world to attempt to revitalize domestic industrialization. What can we learn from revisiting that history?

Transcript

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0:00.0

It has been a long 100 days. From Marketplace, I'm Sabri Beneshore in for David Brancaccio.

0:08.7

Tomorrow marks 100 days of President Trump's second term in office. And we're taking a look this week

0:14.5

at what this new administration has meant for the U.S. and world economies in that time.

0:20.2

We start today with Zanny Minton Beddows.

0:22.3

She's the editor-in-chief of The Economist magazine, and she spoke with my colleague, David Brancaccio.

0:27.2

A central beat of your magazine, over 180 years, has been freer trade.

0:32.1

So I guess, Zanny, you've lived to see it, the trade revolution before our eyes.

0:37.7

I mean, I think you use the word.

0:39.1

It is a revolution.

0:40.3

It is a revolution.

0:41.2

It's a revolution actually beyond trade.

0:43.1

But on the economic side, this administration has imposed the biggest tariff hike, probably in history.

0:50.6

The IMF came out with its latest projections for growth just a few days ago,

0:55.1

and they dramatically downgraded growth expectations for the United States. And the same is true

1:00.6

of pretty much every bank. Everyone is expecting the U.S. to slow, sharply hit a recession.

1:05.3

And this is entirely self-induced. The administration tends to suddenly pivot on some of these crucial points of

1:13.1

policy. Do you think this revolution is so ingrained now that it's going to stick?

1:19.9

So I think there is going to be a huge amount of uncertainty about that, because you are

1:24.5

seeing that when the markets react very, very badly, President Trump

1:29.8

appears to pull back. But I think this is a president who really believes in tariffs. And because we

1:34.8

don't really know what the end goal is, and you have a president who changes his mind, it seems,

1:40.5

very frequently, I think the main thing that we can predict with some certainty is that we're

...

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