Donald Trump Gets a “Spanking” from the Bond Market

The Washington Roundtable is joined by Mark Blyth, a professor of international economics and public affairs at Brown University, to discuss how the bond market forced Donald Trump to retreat on some tariffs, and the risks of the President’s escalating trade war with China. “Ultimately, they can take the pain more than you can,” Blyth says, of the Chinese government. “They have locked down their cities for a year or more. They can deliver food through the window through drones. They don’t care if you cut them off from certain things. So getting into that fight is very, very destructive.”This week’s reading: “Trump’s Do-Over Presidency,” by Susan B. Glasser “The Conservative Legal Advocates Working to Kill Trump’s Tariffs,” by Cristian Farias “At the Smithsonian, Donald Trump Takes Aim at History,” by David Remnick “The Trump Show Comes to the Kennedy Center,” by Katy Waldman “The Other Side of Signalgate,” by Rozina Ali To discover more podcasts from The New Yorker, visit newyorker.com/podcasts. To send in feedback on this episode, write to [email protected] with “The Political Scene” in the subject line. Learn about your ad choices: dovetail.prx.org/ad-choices

The former senator Sherrod Brown, of Ohio, joins Tyler Foggatt to discuss the tumult that Trump’s tariffs have inflicted on the global economy, and why progressives should not merely oppose the President’s trade policy but offer a clear alternative. “I've heard economists talk about these tariffs upending the global order on trade. Well, to a lot of workers, anything’s better than the global order on trade. It’s our policy problem as a country, and it’s our political problem for Democrats,” Brown says. They also discuss his latest project, The Dignity of Work Institute, a think tank dedicated to advocacy for the working class. This week’s reading: “‘I Am Seeing My Community of Researchers Decimated,’” by E. Tammy Kim “The Other Side of Signalgate,” by Rozina Ali “The Trump Show Comes to the Kennedy Center,” by Katy Waldman “At the Smithsonian, Donald Trump Takes Aim at History,” by David Remnick To discover more podcasts from The New Yorker, visit newyorker.com/podcasts. To send feedback on this episode, write to [email protected]. Learn about your ad choices: dovetail.prx.org/ad-choices

The microchip maker Nvidia is a Silicon Valley colossus. After years as a runner-up to Intel and Qualcomm, Nvidia has all but cornered the market on the parallel processors essential for artificial-intelligence programs like ChatGPT. “Nvidia was there at the beginning of A.I.,” the tech journalist Stephen Witt tells David Remnick. “They really kind of made these systems work for the first time. We think of A.I. as a software revolution, something called neural nets, but A.I. is also a hardware revolution.” In The New Yorker, Stephen Witt profiled Jensen Huang, Nvidia’s brilliant and idiosyncratic co-founder and C.E.O. His new book is “The Thinking Machine: Jensen Huang, Nvidia, and the World’s Most Coveted Microchip.” Until recently, Nvidia was the most valuable company in the world, but its stock price has been volatile, posting the largest single-day loss in history in January. But the company’s story is only partially a business story; it’s also one about global superpowers, and who will decide the future. If China takes military action against Taiwan, as it has indicated it might, the move could wrest control of the manufacturing of Nvidia microchips from a Taiwanese firm, which is now investing in a massive production facility in the U.S. “Maybe what’s happening,” Witt speculates, is that “this kind of labor advantage that Asia had over the United States for a long time, maybe in the age of robots that labor advantage is going to go away. And then it doesn’t matter where we put the factory. The only thing that matters is, you know, is there enough power to supply it?” Plus, the staff writer Joshua Rothman has long been fascinated with A.I.—he even interviewed its “godfather,” Geoffrey Hinton, for The New Yorker Radio Hour. But Rothman has become increasingly concerned about a lack of public and political debate over A.I.—and about how thoroughly it may transform our lives. “Often, if you talk to people who are really close to the technology, the timelines they quote for really reaching transformative levels of intelligence are, like, shockingly soon,” he tells Remnick. “If we’re worried about the incompetence of government, on whatever side of that you situate yourself, we should worry about automated government. For example, an A.I. decides the length of a sentence in a criminal conviction, or an A.I. decides whether you qualify for Medicaid. Basically, we’ll have less of a say in how things go and computers will have more of a say.” Rothman’s essay “Are We Taking A.I. Seriously Enough?” appears in his weekly column, Open Questions. Learn about your ad choices: dovetail.prx.org/ad-choices

The Washington Roundtable discusses President Donald Trump’s invocation of emergency powers to enact sweeping tariffs and the ensuing global economic meltdown, in addition to how authoritarians have historically used economic control and coercion to strengthen their grip on power. The Roundtable also examines other spheres where Trump’s maximalist approach might make a mark, including immigration enforcement, the politicization of the military, and the potential seizure of Greenland. This week’s reading: “Donald Trump’s Ego Melts the Global Economy,” by Susan B. Glasser “Pete Hegseth’s Secret History,” by Jane Mayer (December, 2024) “The Truth About Donald Trump’s ‘Liberation Day,’ ” by John Cassidy “Has Trump’s Legal Strategy Backfired?,” by Ruth Marcus “Fighting Elon Musk, One Tesla Dealership at a Time,” by Sarah Larson “How Trump Is Helping Tycoons Exploit the Pandemic,” by Jane Mayer (July, 2020) To discover more podcasts from The New Yorker, visit newyorker.com/podcasts. To send in feedback on this episode, write to [email protected] with “The Political Scene” in the subject line. Learn about your ad choices: dovetail.prx.org/ad-choices

Sarah Larson joins Tyler Foggatt to discuss the Tesla Takedown movement, protesting Elon Musk and Donald Trump, along with the political efficacy of targeting an electric-car company and why some protesters are borrowing tactics from the AIDS activist group ACT UP. This week’s reading: “Fighting Elon Musk, One Tesla Dealership at a Time,” by Sarah Larson “The Fired Student-Debt Relievers,” by E. Tammy Kim “What Marine Le Pen’s Conviction Means for French Democracy,” by Isaac Chotiner “How Donald Trump Throttled Big Law,” by Ruth Marcus “Why Benjamin Netanyahu Is Going Back to War,” by Bernard Avishai To discover more podcasts from The New Yorker, visit newyorker.com/podcasts. To send feedback on this episode, write to [email protected]. Learn about your ad choices: dovetail.prx.org/ad-choices

With congressional Republicans unwilling to put any checks on an Administration breaking norms and issuing illegal orders, the focus has shifted to the Democratic opposition—or the lack thereof.  Democrats like Chris Murphy, the junior senator from Connecticut, have vehemently disagreed with party leaders’ reversion to business as usual. Murphy opposed Senator Chuck Schumer’s negotiation to pass the Republican budget and keep the government running; he advocated for the Democrats to skip the President’s joint address to Congress en masse. Murphy believes that the Democrats have a winning formula if they stick to a populist, anti-big-money agenda. But, he concedes, some of his colleagues are playing normal politics, “where we try to become more popular than Republicans. People like me believe that it won’t matter if we’re more popular than them, because the rules won’t allow us to run a fair election.” By attacking democratic institutions, law firms, and other allies, he thinks, Republicans can insure that their party wins indefinitely, as in failed democracies around the world.  “If you think that democracy is the No. 1, No. 2 and No. 3 story,” Murphy tells David Remnick, “then you have to act like it. You need to show that you’re willing to take a political risk.”  Learn about your ad choices: dovetail.prx.org/ad-choices

The Washington Roundtable is off today, and will be back next week. In the meantime, enjoy a conversation about the California governor’s new podcast venture, “This Is Gavin Newsom,” from Vanity Fair’s “Inside the Hive” podcast. Radhika Jones, the host and editor-in-chief of Vanity Fair, talks with the magazine’s executive editor, Claire Howorth, and the “Hive” editor Michael Calderone about why Newsom is taking time off from running the world’s fifth-largest economy to talk to people such as Steve Bannon. Is he effectively reaching right-wingers and countering the MAGA media machine? And will the show help or hinder his chances of leading the Democratic ticket one day?To discover more from “Inside the Hive” and other Vanity Fair podcasts, visit vanityfair.com/podcasts. Learn about your ad choices: dovetail.prx.org/ad-choices

The writer David W. Brown, who has long covered NASA and the space industry, joins Tyler Foggatt to discuss Elon Musk’s takeover of NASA, the agency’s increasingly complicated relationship with SpaceX, and whether Donald Trump’s interest in sending people to Mars will spare the space program from DOGE’s downsizing. This week’s reading: “Inside Trump and Musk’s Takeover of NASA,” by David W. Brown “Don’t Believe Trump’s Promises About Protecting the Social Safety Net,” by John Cassidy “The E.P.A. vs. the Environment,” by Elizabeth Kolbert  “We’re Still Not Done with Jesus,” by Adam Gopnik “Is March Madness All Luck?,” by Tyler Foggatt To discover more podcasts from The New Yorker, visit newyorker.com/podcasts. To send feedback on this episode, write to [email protected]. Learn about your ad choices: dovetail.prx.org/ad-choices

Kaitlan Collins was only a couple years out of college when she became a White House correspondent for Tucker Carlson’s the Daily Caller. Collins stayed in the White House when she went over to CNN during Donald Trump’s first term, and she returned for his second. Trump has made his disdain for CNN clear—and he’s not a big fan of Collins, either. At one point during Trump’s first term, she was barred from a press conference; he called her a “nasty person” during a Presidential campaign interview. There’s never been a White House so overtly hostile to the press than the second Trump Administration, penalizing news organizations for not conforming to the President’s wishes. But, as Collins tells the staff writer Clare Malone, she believes that Trump is “someone who seeks the validation of the press as much as he criticizes them publicly. And so, you know, it doesn’t really bother me when he gets upset at my question.” Learn about your ad choices: dovetail.prx.org/ad-choices

The Washington Roundtable speaks with with Michael Waldman, the president and C.E.O. of the Brennan Center for Justice, at N.Y.U. Law, to discuss the escalating attacks on the judiciary by  President Trump and his allies. If the Administration ignores a legitimate order from a federal judge, as it has come close to doing, what can the courts do in response? This week’s reading: “Donald Trump, Producer-in-Chief,” by Susan B. Glasser “Why ‘Constitutional Crisis’ Fails to Capture Trump’s Attack on the Rule of Law,” by Isaac Chotiner “The Trump Administration Nears Open Defiance of the Courts,” by Ruth Marcus To discover more podcasts from The New Yorker, visit newyorker.com/podcasts. To send in feedback on this episode, write to [email protected] with “The Political Scene” in the subject line. Learn about your ad choices: dovetail.prx.org/ad-choices