Bull in a China Shop: Has Trump's tariff debacle done irreparable economic damage?

President Trump has been continuing his tornado of tariffs. Today, China was given a 104% tariff (naturally, this figure has changed in the few hours since we recorded). This has shocked the global economy, with stock markets around the world in fluctuation. But is this a tipping point? What recent global economic moments can we look at to guess what comes next? Is this anything like Brexit? Does it share similarities to India’s demonetisation? Emily Tamkin, Rohan Venkat, and Tom Hamilton discuss.

Here are the Trike Recommendations from this episode:

• https://alexmassie.substack.com/p/what-are-you-going-to-do-stab-me
• https://www.nytimes.com/2025/04/09/opinion/trump-deportations-gulag-prison.html
• Foreign Policy: Efficiency Isn't Everything
• And a bonus extra: https://www.compactmag.com/article/liberation-now/

Subscribe below to our contributors' Substacks:

• ET Write Home by Emily Tamkin (via Emily's Substack you can also listen to an ad-free version of the show)
• India Inside Out by Rohan Venkat
• Dividing Lines by Tom Hamilton

The Political Tricycle is a Podot podcast.

It's presented by Emily Tamkin, Tom Hamilton and Rohan Venkat.

Executive Producer: Nick Hilton.

Producer: Ewan Cameron

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