What's the fallout from Trump's new batch of tariffs? | Inside Story

Around the world, countries are scrambling to cope with the latest wave of tariffs imposed by US President Donald Trump. More than 60 countries are on the list, some with levies as high as 50 percent. The move has unleashed shock, confusion, and financial volatility. The US stock market took a hit, and a jobs report revealed slower than expected economic growth. Trump didn't take the news well...he promptly fired the head of the US Labour Statistics agency. But beyond that, how will these tariffs affect the global economy? And will this controversial foreign policy tool backfire on Trump?

Presenter: Adrian Finighan
Guests:
Harry Broadman - Economist at RAND Corporation and a former U.S. Assistant Trade Representative and Chief of Staff of the President's Council of Economic Advisers.

Seijiro Takeshita - Professor of Management at the University of Shizuoka in Japan.

Steve Hanke - Professor at the Johns Hopkins University and Distinguished Senior Scholar at the Mises Institute. He was also a Senior Economist on President Reagan’s Council of Economic Advisers.

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Post from Al Jazeera on August 02, 2025

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