In a bold move dubbed as ‘Liberation Day’ for America, President Donald Trump has initiated sweeping tariffs on US trading partners, in an effort to reshape the global economy. Trump has long argued that the US economy is being unfairly treated by the rest of the world, and these tariffs are a step towards rectifying that imbalance.
The decision has sparked a heated debate among economists and experts – with some praising Trump’s strategy as a necessary step to protect American interests, while others fear that it could set off a harmful chain reaction of retaliation, leading to a full-blown global trade war. The panelists on DW News Desk discuss the potential winners and losers in Trump’s tariff gamble, as well as whether the President truly has a masterplan to shake up the global economy.
The panel includes experts such as Biresh Banerjee, Alex Forrest Whiting, Jared Reed, and Cherie Chan, along with special guests like Inga Fechner, Senior Economist at ING Germany, Kassandra Sundt from DW Business, and Janelle Dumalaon, DW Washington correspondent.
Throughout the discussion, various topics are covered, such as the impact of tariffs on US consumers, the EU’s response to the tariffs, the implications for free trade agreements, and China’s role in the current trade landscape. The conversation delves into the potential consequences of Trump’s actions on globalization and the global economy at large.
As the world watches and waits to see how this tariff strategy unfolds, it remains to be seen whether Trump’s bold move will lead to a more competitive and fair global economic playing field, or if it will result in unintended consequences for the US and its trading partners.
Watch the video by DW News
Video “How Donald Trump plans to reshape the global economy | DW News Desk” was uploaded on 04/02/2025 to Youtube Channel DW News