Podcast: Trump Administration Imposes Tariffs — More to Come?

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As the Trump Administration announced tariffs on washing machines and solar panel components, mainly from Asian countries, I spoke with Monocle 24’s The Daily on Wednesday night.

Discussion included the impact of the measures — including the likely loss of American jobs in the solar industry — and the motives of the Administration. Was this just a grinding of bureaucratic wheels? Is it the first phase of implementation of Trump’s protectionism, turning the US inward in the global economy? Is there any joined-up economic strategy at all?

Whatever the motives, I think this will be spun politically by Trump supporters as “economic nationalism” — protectionism. The risk of that political message is that it will provoke retaliatory measures or, at the least as Trump goes to the Davos meeting this week, lead to a cool reception by international business and finance.

Listen from 1:44:

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