2025-04-07
32 分钟Hello. How are you doing?
I'm good.
How are you doing?
I kind of expect you to see like a red sky in the background and plumes of smoke rising
and empty blackened hawks are built.
Anyway, oh my God.
Anyway, in case you were asleep last week,
Donald Trump on Wednesday announced a minimum 10% tariff on most of America's goods imports,
plus much higher tariffs on most of America's major trade partners.
He called it Liberation Day for the US economy.
But tariffs are a very 19th century policy tool.
It's a bit like starting a modern day gunfight by firing off an antique blunder bus.
That's because over the past few decades,
globalization has woven economies around the world more closely than ever before.
Meanwhile, the technology of trade, communications and finance has become ever more sophisticated.
And that's created new ways for big countries to bend other nations to their will.
Why rely on tariffs when you can impose tighter controls on high technology, energy, satellite communications or perhaps payment systems?
So should we worry that Donald Trump may soon expand his arsenal to include these more 21st century economic weapons?
How might other big players like China and the EU respond?
And by meddling with the financial plumbing of the world economy, might they risk tearing globalization apart?