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Hello, welcome to Oh God, What Knapp. I'm Andrew Harrison. We record the podcasts at the end of Wednesdays.

And on the most recent edition that you're about to listen to, we had a good long talk about Donald Trump's tariffs and their effect on the world.

And then, shortly after we finished recording, Trump paused them, making the episode a tiny bit out of date.

Dominic Cummings used to do this sort of thing

to us all the time during Brexit. So now it's Thursday morning, and I've got Raphael Bear of the Guardian

to update us before we return you to Dorian and the main podcast. Good morning, Raf. How are you?

I'm very well, thank you, Andrew. Good. So basically, everybody's heads are spinning. This has been

reported as everything from Trump blinks to master plan going according to plan. What actually happened with the pause?

Well, the simplest explanation and the one that no one serious is disputing is that the White House, or the president tried to hold his nerve

as financial markets went berserk because of the tariffs, and especially when you have

the Chinese retaliation and the retaliation to the retaliation. And it started to look like the

whole of the global financial system couldn't digest the fact that

the US was no longer a safe, reliable law-abiding country.

And that is really staring into a terrible, terrifying abyss.

...