The Trump Tariffs Poised to Remake Global Trade

The reverberations from President Trump’s new global tariffs have rocked financial markets and world capitals. American stocks have plunged, and foreign leaders have issued forceful condemnations.The Times journalists Michael Barbaro, Peter Goodman, Natalie Kitroeff and Jeanna Smialek sit down to try to make sense of Mr. Trump’s strategy and its consequences.Guest:Peter S. Goodman, who covers the global economy for The New York Times.Natalie Kitroeff, the Mexico City bureau chief for The New York Times.Jeanna Smialek, the Brussels bureau chief for The New York Times.Background reading: Read about how Mr. Trump’s one-for-one tariff plan threatens the global economy.The trade war set off “max pessimism” in the global markets.The tariffs have widened the chasm between allies and Washington.For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. Photo: Scott McIntyre for The New York Times Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.

In a history-making day of tariffs, President Trump imposed charges of at least 10 percent on nearly all of America’s trading partners.Ana Swanson, who covers trade for The Times, discusses who will be affected most and looks at how the levies effectively ended one era of global trade and began a new one.Guest: Ana Swanson, who covers trade and international economics for The New York Times.Background reading: The tariffs are likely to ripple through the global economy, driving up prices for American consumers and manufacturers while inciting retaliation from other nations.Mr. Trump says global trade is unfair. Does he have a point?Read about how the tariff rates are calculated.For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. Photo: Doug Mills/The New York Times Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.

A few days ago, one of the most ubiquitous live shows in the country, Shen Yun, began its latest run at Lincoln Center, drawing thousands of people to a performance that is colorful, acrobatic and — according to many of its performers — shockingly abusive.Nicole Hong, one of the reporters behind a New York Times investigation of Shen Yun, discusses what that reporting has revealed about the secretive enterprise.Guest: Nicole Hong, an investigative reporter for The New York Times focusing on New York and its surrounding regions.Background reading: An ex-dancer accused Shen Yun of forced labor and trafficking in a lawsuit.Here are five takeaways from The Times’s coverage of Shen Yun.For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. Photo: The New York Times Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.

Troy Merritt, a pilot for a major U.S. airline, returned from his 30th birthday trip in Croatia in October 2022 — sailing on a catamaran, eating great food, socializing with friends — and cried. This wasn’t back-to-work blues but collapsed-on-the-floor, full-body-shaking misery. When he wasn’t crying, he slept.“I’ve got to find a therapist,” he told himself. And he did, quickly. If that therapist didn’t write down “depression,” Merritt would be OK. He could still fly planes, keep his job — as long as he wasn’t diagnosed with a mental illness.Merritt, like all pilots, knew that if he was formally diagnosed with a mental-health condition, he might never fly a plane again. Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.

The former Fox News and current YouTube host on her professional evolution, conservative media and why she endorsed Trump.Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.

Jeanna Smialek, who covers the U.S. economy for The Times, will be 33 in a few weeks; she is part of a cohort born in 1990 and 1991 that makes up the peak of America’s population.At every life stage, that microgeneration has stretched a system that was often too small to accommodate it, leaving its members — so-called peak millennials — with outsize economic power but also a fight to get ahead.Guest: Jeanna Smialek, a U.S. economy correspondent for The New York Times.Background reading: When millennials gripe that they get blamed for everything, the accusers might actually be onto something.Millennials have the children, but boomers have the houses.For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.