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.

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.