2025-04-09
24 分钟This is The Guardian.
Today, the Trump tariffs have thrown the markets into turmoil.
How bad could it get?
Just stuffed a midnight last night, U.S. time, a tariff wall,
unlike anything we've seen for decades, was thrown up around the U.S.
That means if you're listening to this on Wednesday, you're living in the first hours of a new global economy.
And the lead-up to it has been a wild ride.
Today, checking in on what the Trump tariffs are doing to the global economy, why we aren't, in the worst case scenario,
a global recession just yet, and why Richard Partington, the Guardian's senior economics correspondent,
says there are some reasons to hope we may never get there.
From The Guardian, I'm Michael Safi, today in Focus, making sense of the Trump tariffs one week on.
Richard, we last spoke to you on Thursday afternoon in London,
just as Wall Street was opening for the first time since the Trump tariffs were announced the previous day.
These were universal tariffs across the board on all of America's trading partners,
plus some hefty extra tariffs on countries like China and blocks like the EU.
Markets around the world have had nearly a week to digest the shock of this.
Take me through the fallout.
The very worst of it was at the end of last week and the beginning of this week,
where we saw amongst the steepest falls in global financial markets
since the spread of the COVID pandemic five years ago.