2025-03-10
8 分钟The Economist. Hi, John Pridough here.
I host Checks and Balance, our podcast on US politics.
Welcome to Editors' Picks.
Here's an article from the latest edition of The Economist handpicked by our team and read aloud.
I hope you enjoy it.
In his speech to Congress on March 4th,
President Donald Trump painted a fantastical picture.
The American dream, he declared, was surging bigger and better than ever before.
His tariffs would preserve jobs, make America richer still, and protect its very soul.
Unfortunately, in the real world, things look different.
Investors, consumers and companies show the first signs of souring on the Trumpian vision.
With his aggressive and erratic protectionism, Mr Trump is playing with fire.
By imposing 25% tariffs on goods from Canada and Mexico also on March 4th,
Mr Trump is setting light to one of the world's most integrated supply chains.
Although he belatedly delayed duties on cars by one month,
plenty of other industries will suffer.
He has also raised tariffs on China and has threatened the European Union,
Japan and South Korea.
Some of these duties may also be deferred.
Others may never materialise.