The Economics Show

July 9 marked the end of President Trump’s 90-day pause on his so-called reciprocal tariffs. Now that deadline has passed … what has actually changed? The FT’s senior trade writer Alan Beattie discusses with former trade negotiator Dmitry Grozoubinski, author of ‘Why Politicians Lie About Trade’. Dmitry explains why Trump’s tariff threats are as ineffective as they are unusual, how countries are approaching his ‘vibes-based’ trade policy, and what Dmitry would advise if he was negotiating with the US now. Want more? Trump’s tariff shambles is a helpful warning to the world [https://www.ft.com/content/d7509e0a-3348-4150-9633-3e996d836d7c] Donald Trump threatens new tariffs on Canada [https://www.ft.com/content/18a007c2-b945-4c6e-8f1d-d10e094f8c6d] Alan Beattie is the FT's senior trade writer. He writes the Trade Secrets newsletter every Monday.  Read Alan’s columns here: https://www.ft.com/alan-beattie [https://www.ft.com/alan-beattie] Sign up to the Trade Secrets newsletter here [https://subs.ft.com/spa3_tradesecrets?segmentId=357afa03-959c-93ed-0842-58e2115025d4].  Subscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen.  Presented by Alan Beattie. Produced by Mischa Frankl-Duval. Flo Phillips is the executive producer. Manuela Saragosa is the FT’s acting co-head of audio. Original music and sound design by Breen Turner. Mix by Sam Giovinco. Read a transcript of this episode on FT.com [https://www.ft.com/content/8ba1e4fc-fb1b-49df-bc92-feda5e0a398e] ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

In the sixth of this six-part series of The Economics Show, Martin Wolf, the FT’s chief economics commentator, and Nobel Prize-winning economist Paul Krugman tackle a selection of questions, and even some criticisms, sent in by their audience.  Listen to Paul Krugman’s cultural coda, Carole King’s It's too late, here [https://www.youtube.com/watch?v=hqwLrJ6QWho&list=RDhqwLrJ6QWho&start_radio=1]  Listen to Martin Wolf’s cultural coda, Va Pensiero from Verdi’s Nabucco, here [https://www.youtube.com/watch?v=XttF0vg0MGo] Subscribe and listen to this series on The Economics Show on Apple Podcasts [https://podcasts.apple.com/gb/podcast/the-economics-show/id1746352576], Spotify [https://open.spotify.com/show/64rPqCkSSBkuSJpkMLRe9i], Pocket Casts [https://pocketcasts.com/podcasts/d6405f80-f444-013c-e7f9-02cacb2c6223?_prerender=true] or wherever you listen to podcasts. Episodes are also available on the FT’s YouTube channel [https://www.youtube.com/channel/UCoUxsWakJucWg46KW5RsvPw]. Read Martin’s FT column here [https://www.ft.com/martin-wolf] Subscribe to Paul’s substack here [https://paulkrugman.substack.com/] The Wolf-Krugman Exchange was produced by Sandra Kanthal and Mischa Frankl-Duval, and the broadcast engineer was Andrew Georgiades. The sound engineer was Breen Turner. Manuela Saragosa is the FT’s acting co-head of audio. Read a transcript of this episode on FT.com [https://www.ft.com/content/7ee1ef06-0462-4df4-b11f-833181b1e7e7] ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

In the fifth of this six-part series of The Economics Show, Martin Wolf, the FT’s chief economics commentator, and Nobel Prize-winning economist Paul Krugman discuss the way American politics is crashing against both the guardrails of a stable, democratic system and the rules and norms of the postwar economic order and how this could jeopardise the importance of the US on the world stage. Paul Krugman’s Cultural Coda:  Stephen Sondheim: "We had a good thing going" https://www.youtube.com/watch?v=NTbrbiM-slg&list=RDNTbrbiM-slg&start_radio=1 [https://www.youtube.com/watch?v=NTbrbiM-slg&list=RDNTbrbiM-slg&start_radio=1] Martin Wolf’s Cultural Coda: Jonas Kaufmann: Freiheit from Beethoven’s Fidelio https://www.youtube.com/watch?v=GvfhmGsFMEo [https://www.youtube.com/watch?v=GvfhmGsFMEo] Subscribe and listen to this series on The Economics Show on Apple Podcasts [https://podcasts.apple.com/gb/podcast/the-economics-show/id1746352576], Spotify [https://open.spotify.com/show/64rPqCkSSBkuSJpkMLRe9i], Pocket Casts [https://pocketcasts.com/podcasts/d6405f80-f444-013c-e7f9-02cacb2c6223?_prerender=true] or wherever you listen to podcasts. Episodes are also available on the FT’s YouTube channel [https://www.youtube.com/channel/UCoUxsWakJucWg46KW5RsvPw]. If you’d like to get in touch and ask Martin and Paul a question, please email economics.show@ft.com  Read Martin’s FT column here [https://www.ft.com/martin-wolf] Subscribe to Paul’s substack here [https://paulkrugman.substack.com/] The Wolf-Krugman Exchange is produced by Sandra Kanthal. The broadcast engineer was Rod Fitzgerald. The sound engineer is Breen Turner. Manuela Saragosa is the FT’s acting co-head of audio. Read a transcript of this episode on FT.com [https://www.ft.com/content/ac62327c-e3b9-45cb-bb9c-a41743aee657] ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

In the fourth of this six-part series of The Economics Show, Martin Wolf, the FT’s chief economics commentator, and Nobel Prize-winning economist Paul Krugman ask if advances in artificial intelligence will reshape the working world as we know it. Or are we hearing an old familiar story that has been told many times before?  Paul Krugman’s Cultural Coda: Loretta Lynn - "Coal Miner's Daughter":  https://www.youtube.com/watch?v=f9eHp7JJgq8&list=RDf9eHp7JJgq8&start_radio=1 [https://www.youtube.com/watch?v=f9eHp7JJgq8&list=RDf9eHp7JJgq8&start_radio=1] Martin Wolf’s Cultural Coda: Thomas Mann's The Magic Mountain, published in 1924. https://en.wikipedia.org/wiki/The_Magic_Mountain [https://en.wikipedia.org/wiki/The_Magic_Mountain] Read Martin Wolf's selection of the best economics summer reads for 2025 here [http://www.ft.com/content/534068d5-72e8-43c9-a1b1-9489bf58bd9b] Read Martin’s FT column here [https://www.ft.com/martin-wolf] Subscribe to Paul’s substack here [https://paulkrugman.substack.com/] If you’d like to get in touch and ask Martin and Paul a question, please email economics.show@ft.com    Subscribe and listen to this series on The Economics Show on Apple Podcasts [https://podcasts.apple.com/gb/podcast/the-economics-show/id1746352576], Spotify [https://open.spotify.com/show/64rPqCkSSBkuSJpkMLRe9i], Pocket Casts [https://pocketcasts.com/podcasts/d6405f80-f444-013c-e7f9-02cacb2c6223?_prerender=true] or wherever you listen to podcasts. Episodes are also available on the FT’s YouTube channel [https://www.youtube.com/channel/UCoUxsWakJucWg46KW5RsvPw]. The Wolf-Krugman Exchange is produced by Sandra Kanthal and Mischa Frankl-Duval, and the broadcast engineer is Andrew Georgiades. The sound engineer is Jean-Marc Eck. Manuela Saragosa is the FT’s acting co-head of audio. Read a transcript of this episode on FT.com [https://www.ft.com/content/a8875a4c-759d-4ac3-bdbb-c48c7f7be73f] ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

In the third of this six-part series of The Economics Show, Martin Wolf, the FT’s chief economics commentator, and Nobel Prize-winning economist Paul Krugman discuss the dangers facing the world economy and wonder what outcomes are possible at summits such as the G7 in times of political and economic risk. Paul Krugman’s Cultural Coda: Peter Gabriel: “Games Without Frontiers” https://www.youtube.com/watch?v=3xZmlUV8muY&list=RD3xZmlUV8muY&start_radio=1 [https://www.youtube.com/watch?v=3xZmlUV8muY&list=RD3xZmlUV8muY&start_radio=1] Martin Wolf’s Cultural Coda:  "The Second Coming" - by William Butler Yeats, 1919 https://youtu.be/QI40j17EFbI [https://youtu.be/QI40j17EFbI] Subscribe and listen to this series on The Economics Show on Apple Podcasts [https://podcasts.apple.com/gb/podcast/the-economics-show/id1746352576], Spotify [https://open.spotify.com/show/64rPqCkSSBkuSJpkMLRe9i], Pocket Casts [https://pocketcasts.com/podcasts/d6405f80-f444-013c-e7f9-02cacb2c6223?_prerender=true] or wherever you listen to podcasts. Episodes are also available on the FT’s YouTube channel [https://www.youtube.com/channel/UCoUxsWakJucWg46KW5RsvPw]. If you’d like to get in touch and ask Martin and Paul a question, please email economics.show@ft.com  Read Martin’s FT column here [https://www.ft.com/martin-wolf] Subscribe to Paul’s substack here [https://paulkrugman.substack.com/] The Wolf-Krugman Exchange was produced by Sandra Kanthal and Mischa Frankl-Duval, and the broadcast engineer was Andrew Georgiades. The sound engineer was Breen Turner. Our executive producer is Flo Phillips. Manuela Saragosa is the FT’s acting co-head of audio. Read a transcript of this episode on FT.com [https://www.ft.com/content/ce960771-493b-422a-816d-6bfe8dcfd072] ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.