The Civic Podcast

Markus Wagner, University of Wollongong

Published: April 24, 2025

What’s behind the Trump tariff blitz – and where is it taking the global economy? In this episode of The Civic Podcast, host and law professor Markus Wagner is joined by trade expert Dr. Deborah Elms of the Hinrich Foundation to unpack the chaos and consequences of Trump’s tariff trade strategy. What’s really driving this sudden escalation? From a fixation on trade deficits, a disregard for political, constitutional and legal process, and operating outside of traditional economic parameters we explore why tariffs have become Trump’s favorite tool and what the ensuing uncertainty means for global supply chains, American consumers, and U.S. allies and rivals alike.Markus Wagner and Deborah Elms break down how this tariff storm is not just reshaping trade – it’s destabilizing it. Whether you’re a policy wonk or just trying to make sense of the headlines, this episode is your essential guide to understanding the past, present, and uncertain future of global trade.