2025-04-07
8 分钟The Economist. Hello, Mike Byrd here, co-host of Money Talks,
our weekly podcast on markets, the economy and business.
Welcome to Editor's Picks.
We've chosen an article from the latest edition of The Economist,
which we very much hope you'll enjoy.
If you failed to spot America being looted,
pillaged, raped and plundered by nations near and far,
or it being cruelly denied a turn to prosper, then congratulations,
you have a firmer grip on reality than the President of the United States.
It's hard to know which is more unsettling,
that the leader of the free world could spout complete drivel about its most successful and admired economy,
Or the fact that on April 2nd,
spurred on by his delusions,
Donald Trump announced the biggest break in America's trade policy in over a century and committed the most profound,
harmful and unnecessary economic error in the modern era.
Speaking in the Rose Garden of the White House,
the President announced new reciprocal tariffs on almost all America's trading partners.
There will be levies of 34% on China, 27% on India,
24% on Japan, and 20% on the European Union.
Many small economies face swinging rates.