What to Expect From Trump’s New Trade Drama

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July 10, 2025

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After months of delaying his most extreme tariffs, President Trump is now threatening to revive the most aggressive version of his global trade war.

America’s trading partners, investors and consumers are bracing for impact.

The Times journalists Natalie Kitroeff, Ana Swanson, Maggie Haberman and Ben Casselman sit down to discuss what we can expect and what Mr. Trump’s endgame might be.

Guest:

• Ana Swanson () , who covers trade and international economics for The New York Times.

• Maggie Haberman () , a White House correspondent for The New York Times.

• Ben Casselman () , the chief economics correspondent for The New York Times.

Background reading:

• Mr. Trump revived his trade war () , threatening steep tariffs on allies unless they reach deals with the U.S.

• What is a trade deal? () He takes an expansive view.

• The threatened tariffs aim to settle scores with countries () , no matter their size.

For more information on today’s episode, visit nytimes.com/thedaily () . Transcripts of each episode will be made available by the next workday.

Photo: Alyssa Schukar for The New York Times

Subscribe today at nytimes.com/podcasts () or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

Guests & Subjects Covered

President TrumpThe TimesBen CasselmanMr TrumpsAna SwansonThe New York TimesMaggie HabermanWhite House

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What to Expect From Trump’s New Trade Drama · New York Times Podcasts · Sentinel