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April 4, 2025 10 mins

US President Donald Trump’s tariffs caused a global market sell-off on Thursday. Now, there are concerns that these levies will push the US into a recession. We speak to the FT’s senior markets correspondent Ian Smith and our economics editor Sam Fleming about the repercussions. 


Mentioned in this podcast:

Dollar drops as Donald Trump’s tariffs stoke economic fears

Bling, bags and booze fall victim to Trump’s trade war 

Will Donald Trump’s ‘liberation day’ tariffs drag US into recession? 


The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.


Read a transcript of this episode on FT.com


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