A big bad week for money

<p>Thanks to Donald Trump and his dodgy formula, last week tariffs were applied to countries all over the world. Consequently, the stock markets had their worst downturn since the pandemic.&nbsp;And economists warned of a weakened dollar, trade wars, and global recession.</p><br /><p>The White House denied for days that the US would back down on the tariffs. Until yesterday, when Trump pressed pause on higher tariff rates, with a few notable exceptions.</p><br /><p>To unpack what on earth is going on in Washington and around the world Rachel Cunliffe is joined by business editor and Will Dunn and US correspondent Freddie Hayward.</p><br /><p>Sign up to the New Statesman's daily politics newsletter:&nbsp;<a href="https://morningcall.substack.com/" rel="noopener noreferrer" target="_blank">Morning Call</a></p><p>&nbsp;</p><p>Submit a question for a future episode:&nbsp;<a href="https://www.newstatesman.com/podcasts/2022/10/you-ask-us" rel="noopener noreferrer" target="_blank">You Ask Us</a></p><br /><p><br /></p><p><strong>LISTEN AD-FREE:</strong></p><p>📱<a href="https://www.newstatesman.com/politics/2022/06/newapp" rel="noopener noreferrer" target="_blank">Download the New Statesman app</a></p><br /><p><strong>MORE FROM THE NEW STATESMAN:</strong></p><p>❓ <a href="https://www.newstatesman.com/podcasts/2022/10/you-ask-us" rel="noopener noreferrer" target="_blank">Ask a question</a> – we answer them every Friday</p><p>⏰ <a href="https://morningcall.substack.com/subscribe" rel="noopener noreferrer" target="_blank">Get our daily politics newsletter</a> every morning</p><p>✍️ <a href="http://saturdayread.substack.com/subscribe" rel="noopener noreferrer" target="_blank">Enjoy the best of our writing</a> via email every Saturday</p><hr /><p style="color: grey; font-size: 0.75em;"> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color: grey;" target="_blank">acast.com/privacy</a> for more information.</p>