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00:00:01
Speaker 1: The global economy is being pulled in new directions. We are in the middle of a seismic shift. Inflation, AI, energy shocks, all kinds of conflict and political threat. The rules-based order is fading. None of these stories sits neatly within national borders. What happens in the U.S. matters for the U.S.
00:00:24
Speaker 2: And matters for the whole world.
00:00:25
Speaker 1: Since Donald Trump's re-election, this podcast has been Trumponomics, tracking the global impact. of Trump's economic policies. If there's one thing that story has made clear, it's that what starts in Washington doesn't stay there. Tariffs reshape supply chains around the world. In effect, Trump kind of threatened the trade equivalent of nuclear war. American interest rates move borrowing costs thousands of miles away.
00:00:52
Speaker 2: A lot of structures haven't been tested with a 10-year yield as high as 6%. So this is potentially a big sea change that is still only starting.
00:01:02
Speaker 1: And decisions about technology, energy and investment ripple across borders. This new economic world order is being shaped by decisions made everywhere. So we're widening the lens and going back to Stephanomics. I'm Stephanie Flanders, Bloomberg's Head of Government and Economics. Every week we'll take one big question about the global economy and follow wherever it leads. We'll draw on a global newsroom, hundreds of reporters around the world, and talk to the economists, thinkers and policy makers who will shape what happens next. Stephanomics, your weekly guide to the forces reshaping the global economy. Follow Stephanomics on Apple Podcasts, Spotify or wherever you listen.