The Business genius that is Donald Trump sent the global economy into turmoil this week, with his unfathomable ‘Hokey Cokey’ tariffs policy, with literally trillions wiped from stocks and shares.
As the markets got to use to the President’s technical term – a bit yippy – the supreme deal maker blinked, backed down, and exposed himself as the arse of the deal.
Even as the odds of a US recession go from 20% to 60%, his acolytes and the sycophants around him try to suggest this was all ‘part of the plan’ – but the reality is that this was a disaster for the economy and a setback for Trump. Meanwhile, back in the real world, the UK Government recalled parliament in an attempt to save the UK’s steel making capability, and the re-nationalisation of the industry is looking increasingly likely.
With the backdrop of the industries under threat, trade wars, and the schizophrenic approach to policy from the White House – will Rachel Reeves feel able to finally remove the fiscal straight jacket she has put herself in?
Welcome to the latest Downtown Den Politics Podcast.
