Duties bound: a Trump-tariff smackdown

特朗普关税反击战:义无反顾

The Intelligence from The Economist

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2025-05-29

23 分钟
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The US Court of International Trade ruled that Donald Trump's so-called fentanyl and Liberation Day tariffs constituted executive overreach. Now what? Artificial intelligence is on a wild ride through a well-known hype cycle—and is arriving at a “trough of disillusionment” (8:49). And a new book about Xi Jinping's father reveals much about the Chinese president himself (16:42). Get a world of insights by subscribing to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.
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  • The Economist.

  • Hello and welcome to The Intelligence from The Economist.

  • I'm your host, Jason Palmer.

  • Every weekday we provide a fresh perspective on the events shaping your world.

  • Artificial intelligence has a long academic backstory.

  • in which early promises weren't kept, enthusiasm faded,

  • and the field entered what was called the AI Winter.

  • Recently, of course, it resurged, but once again,

  • in the business world, disillusionment is spreading.

  • And as our subscriber-only series The Prince showed,

  • understanding President Xi Jinping's background and beliefs is really hard.

  • The host of that series says a new book all about Mr. Xi's father is a startlingly revealing look into his life.

  • First up, though.

  • religion number two love I don't know we got to put that number three I guess right and then it's tariff imported packages tied up with strings tariffs are one of Trump's favorite things it's a revenue source sure but we don't have to tell you that the arithmetic doesn't stand up More than that,

  • though, Mr. Trump uses them as leverage, a means to secure favorable trade deals.

  • In February, it was the so-called fentanyl tariffs slapped on America's nearest neighbors,

  • ostensibly for doing too little to stop the flow of drugs and migrants.

  • And then, in April...

  • My fellow Americans, this is Liberation Day, waiting for a long time.

  • With Trumpian branding and a game show-style table of tariffs in hand,