Fear and Fury: The Fallout From Trump's Tariffs
Hosted by Michael Barbaro
Featuring Peter S. GoodmanNatalie Kitroeff and Jeanna Smialek
Produced by Will Reid and Mooj Zadie
Edited by Maria ByrnePaige Cowett and Lisa Chow
Original music by Dan PowellDiane Wong and Marion Lozano
Engineered by Alyssa Moxley
The reverberations from President Trump's new global tariffs have rocked financial markets and world capitals. American stocks have plunged, and foreign leaders have issued forceful condemnations.
The Times journalists Michael Barbaro, Peter Goodman, Natalie Kitroeff and Jeanna Smialek sit down to try to make sense of Mr. Trump's strategy and its consequences.
Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.
Peter S. Goodman, who covers the global economy for The New York Times.
Natalie Kitroeff, the Mexico City bureau chief for The New York Times.
Jeanna Smialek, the Brussels bureau chief for The New York Times.
Read about how Mr. Trump's one-for-one tariff plan threatens the global economy.
The trade war set off 'max pessimism' in the global markets.
The tariffs have widened the chasm between allies and Washington.
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We aim to make transcripts available the next workday after an episode's publication. You can find them at the top of the page.
The Daily is made by Rachel Quester, Lynsea Garrison, Clare Toeniskoetter, Paige Cowett, Michael Simon Johnson, Brad Fisher, Chris Wood, Jessica Cheung, Stella Tan, Alexandra Leigh Young, Lisa Chow, Eric Krupke, Marc Georges, M.J. Davis Lin, Dan Powell, Sydney Harper, Michael Benoist, Liz O. Baylen, Asthaa Chaturvedi, Rachelle Bonja, Diana Nguyen, Marion Lozano, Rob Szypko, Elisheba Ittoop, Mooj Zadie, Patricia Willens, Rowan Niemisto, Jody Becker, Rikki Novetsky, Nina Feldman, Will Reid, Carlos Prieto, Ben Calhoun, Susan Lee, Lexie Diao, Mary Wilson, Alex Stern, Sophia Lanman, Shannon Lin, Diane Wong, Devon Taylor, Alyssa Moxley, Olivia Natt, Daniel Ramirez, Brendan Klinkenberg and Chris Haxel.
Our theme music is by Jim Brunberg and Ben Landsverk of Wonderly. Special thanks to Sam Dolnick, Paula Szuchman, Lisa Tobin, Larissa Anderson, Julia Simon, Mahima Chablani, Elizabeth Davis-Moorer, Jeffrey Miranda, Maddy Masiello, Isabella Anderson, Nina Lassam and Nick Pitman.
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Forbes
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- Forbes
Musk And Trump Go To War: Trump Rejects Musk's Truce Attempt (Live Updates)
President Donald Trump and Elon Musk's months-long alliance imploded in spectacular fashion Thursday as the world's richest man and the world's most powerful man engaged in a nasty, public back-and-forth on their respective social media platforms—just months after the two formed a friendship so close Musk sometimes slept at the White House. June 6, 8:17 told ABC News in a Friday morning interview he was 'not particularly' interested in talking to Musk right now, alleging Musk has 'lost his mind.' 7:00 price of Tesla's shares, which plummeted 14% on Thursday amid the clash, is up around 4.4% in premarket trading on Friday morning, after Musk signaled he is open to a truce with Trump. 4:00 signals of a truce, continued to attack the president's allies, like Steve Bannon, and Trump's signature spending bill. The billionaire later reposted a follower who said 'Republicans will likely lose the House in 2026.' 1 signaled he is willing to de-escalate his fight with Trump after hedge-fund billionaire Bill Ackman—who is both a Trump supporter and a Musk ally—tweeted that both of them 'should make peace for the benefit of our great are much stronger together than apart.' Musk replied: 'You're not wrong.' Trump has not yet commented on Musk's latest overture, but Politico reported that White House officials were working behind the scenes to 'persuade the president to temper his public criticism of Musk to avoid escalation,' and they have scheduled a call on Friday with Musk to 'broker peace.' 12:30 appeared to backtrack on his threat to decommission the SpaceX's Dragon spacecraft after a follower urged him not to do so, prompting the billionaire to respond 'Good advice. Ok, we won't decommission Dragon.' June 5, 4:26 P.M. 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Musk alleged on X, without evidence, the reason the White House has yet to fully release the 'Epstein files' detailing the FBI's investigation into the late, disgraced former financier Jeffrey Epstein is because Trump is implicated in them. 2:48 said it's 'such an obvious lie' and 'so sad' in response to Trump claiming he asked him to leave the White House because he was 'wearing thin,' then 'took away his EV Mandate,' causing the Tesla CEO to go 'CRAZY!'—referring to a provision in Trump's policy bill that would phase out the EV tax credit by 2026. 2:37 P.M. 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