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Inside Briefing with the Institute for Government

Trump Declares War: Tariff Liberation Day

Inside Briefing with the Institute for Government

Institute for Government

News, Politics, Government

4.6252 Ratings

🗓️ 4 April 2025

⏱️ 41 minutes

🧾️ Download transcript

Summary

The rules of global trade have been dramatically ripped up by Donald Trump. So what is the US president’s tariff plan actually meant to do? Has a global trade war started? How big a hit will the UK economy take? And what options does Keir Starmer have to fight back?   The government urgently needs to inject some growth into the economy, but can Whitehall make that happen? Andy Burnham, Mayor of Greater Manchester, joins the podcast to argue for more powers to be given away by London.   Plus: Who reviews the reviews? The government has launched a lot of them. But will they succeed? A new IfG report has set out its verdict. We’ll talk to its authors.   Tim Durrant presents. With Giles Wilkes, Jill Rutter and Ben Paxton. Produced by Milo Hynes Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hello and welcome to Inside Briefing, the podcast from the Institute for Government.

0:13.9

I'm Tim Durant, your host this week. So, the government has nearly made it to Easter recess,

0:18.5

but not before a parting gift from the US.

0:21.4

Donald Trump has set out his grand tariff plan, which some are describing as the biggest change

0:25.4

to global trade in over a century.

0:27.6

So what happens now?

0:28.6

Has a global trade war begun?

0:30.1

How big a hit will the UK economy take?

0:32.3

And what options does the Prime Minister have?

0:34.3

We'll take a look.

0:35.8

And then, after reviewing the week's big story,

0:37.8

we'll review reviews, because the government has launched a lot of them. Will they succeed?

0:42.1

A new IFG report has set out its verdict. We're going to talk to its authors. Joining me throughout

0:46.8

are the IFG's senior fellow duo of Giles Wilkes and Jill Rutter. Giles, the sun is out and you've

0:52.1

been down to Cornwall. How was that? Oh, it was lovely.

0:54.5

I went down there for a big sort of gathering called the Anthropy Festival at the Eden Project.

1:01.8

And apart from the fact that it seemed to take about 14 hours to get there, it was well worth it.

1:06.6

It was a lot of interesting discussions in places like the Mediterranean biome about the future of the economy and so forth.

1:13.3

So I think we basically fixed everything and you should expect everything to improve from here on.

1:17.2

Good. Good news. Thank you. Jill, you're a fan of the sun as well and it's tennis season. Are you in good spirits?

1:23.0

Well, it's quite interesting because I tried to play tennis last night and there was an absolute mob scene at the tennis club.

1:28.9

So I think there's some quite interesting formula that determines attendance there, which is a sort of lagged function of the number of sunny days.

...

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