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The Rachman Review

The end of globalisation as we know it

28 min • 10 april 2025

Gideon talks to the economic historian Harold James about the economic and political implications of Donald Trump's tariffs. What are the similarities with the Smoot-Hawley Tariff Act of 1930? What kind of forces will his decision to smash the global economic order unleash? Clip: CBC


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Free links to read more on this topic:

It falls to Congress to unravel Trump’s reckless tariffs

Trump’s ‘reshoring’ ambitions threatened by tariff chaos

Market turmoil strains bro-sphere’s bromance with Donald Trump

Trump and the mob boss approach to global markets

Markets could get a lot worse — and quickly


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Presented by Gideon Rachman. Produced by Fiona Symon. Sound design is by Breen Turner.


Read a transcript of this episode on FT.com


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