From the Panama Canal to Mars – Donald Trump is thinking big at the start of his second term as US president. And has experts guessing about his economic policies and what they’ll mean for the rest of the world.
The US economy is already booming after the Biden administration and has outpaced many competitors in terms of technology, productivity and economic growth.
Trump wants to extend this lead even further – with billions for AI projects, oil drilling, and with tax cuts – but also with controversial trade tariffs. Who will profit from his drastic “America First” policy? And who will it harm?
Melissa Eddy is a correspondent with The New York Times in Berlin, covering Germany’s economy, businesses and social issues.
Felix Lee is a geoeconomics editor at Germany´s Süddeutsche Zeitung Dossier here in Berlin.
And Jürgen Matthes is the Head of the Cluster for International Economic Policy, Financial and Real Estate Markets at the German Economic Institute, joining us from the city of Cologne.
Chapters:
00:00 Opening
01:50 Trump’s “America First” and “Whatever it takes” policy
02:50 Markets are cheering Trump’s second term
03:10 The US economy is burdened with debt
03:30 Trump aims to push back against globalization
04:00 Trump as a deal maker
04:20 Trump’s supporters are ideologists and well-prepared
05:00 Europe isn’t ready for a second Trump presidency
05:55 The US economy is growing steadily
07:20 A great deal of disruption lies ahead
07:40 Topic introduction video: America’s “Golden Age”
09:05 Americans are concerned about rising prices
10:20 Is Trump undermining his own country?
11:10 Trump will roll back some policies
11:40 Europe will have to rely on gas for a while
12:20 What will happen to oil prices?
12:48 Are the US already an oligarchy?
14:30 Do Americans trust big tech bosses?
15:20 Is Trump really a big businessman?
16:00 Topic introduction video: Mexico, Canada, Tariffs, and Jobs
17:50 Tariffs on China were considered a success
19:30 Is Europe prepared for tariff shock?
20:00 Europe only stands a chance if it stays united
21:10 The Chinese government is much more prepared than the Europeans
23:20 China will continue to depend on exports
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