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The Indicator from Planet Money

Who's advising Trump on trade?

The Indicator from Planet Money

NPR

Business

4.79.2K Ratings

🗓️ 24 April 2025

⏱️ 12 minutes

🧾️ Download transcript

Summary

President Trump has not been afraid to tack on tariffs over and over again. Allies and foes alike are anxiously wondering if the tariffs will stick or whether a trade deal will be made. On today's episode, we take a look behind the curtains of the White House administration and examine the advisors whispering into Trump's ear.

Related episodes:
Dealmaker Don v. Tariff Man Trump (Apple / Spotify)
China's trade war perspective (Apple / Spotify)
What keeps a Fed president up at night (Apple / Spotify)

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Transcript

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0:00.0

NPR.

0:11.9

Markets continued their deep swings this week.

0:15.1

Stock and bond prices have had some up days on hope there might be some trade deals in sight.

0:22.0

And then we've seen other days of dropping fears that the big tariffs might be here to stay. And so perhaps the most

0:28.1

important question for the global economy is, what's the White House's end goal for trade here?

0:33.3

Yesterday, we analyzed the conflict within Trump himself.

0:42.6

His desire to cut deals with other countries on the one hand, but also his taste for long-term tariffs on the other.

0:44.2

Today, we look at how Trump's appointees are whispering in the president's ear.

0:49.8

This is The Indicator for Planet Money.

0:51.5

I'm Adrian Ma.

0:52.5

And I'm Dary M Woods.

0:53.7

Today on the show, the advisors pitching the intellectual case for tariffs,

0:58.3

including a proposal to weaken the dollar with what's being called the Mar-a-Lago Accord.

1:18.8

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2:00.0

Climate change is drying up some water supplies and making others undrinkable.

2:05.5

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