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Trump threatens the grim trigger

Nicholas Kamm
/
AFP via Getty Images

President Donald Trump had promised new tariffs on Canada, Mexico and China. However, after negotiations with both Mexico and Canada on Monday tariffs against those countries are paused for at least a month. He said tariffs are not a negotiating tool, but he's used them as one as recently as January in a dispute with Colombia. Today, we dissect the game theory behind Trump's use of tariffs.

Related episodes:
Canada's key resource against Trump's potential trade war (Apple / Spotify)
How tariffs have been used throughout US History (Apple / Spotify)
The game theory that led to nuclear standoffs (Apple / Spotify)

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Darian Woods is a reporter and producer for The Indicator from Planet Money. He blends economics, journalism, and an ear for audio to tell stories that explain the global economy. He's reported on the time the world got together and solved a climate crisis, vaccine intellectual property explained through cake baking, and how Kit Kat bars reveal hidden economic forces.
Wailin Wong
Wailin Wong is a long-time business and economics journalist who's reported from a Chilean mountaintop, an embalming fluid factory and lots of places in between. She is a host of The Indicator from Planet Money. Previously, she launched and co-hosted two branded podcasts for a software company and covered tech and startups for the Chicago Tribune. Wailin started her career as a correspondent for Dow Jones Newswires in Buenos Aires. In her spare time, she plays violin in one of the oldest community orchestras in the U.S.
Corey Bridges
Corey Bridges is an assistant producer at NPR's daily economics podcast, The Indicator from Planet Money. Bridges enjoys covering stories ranging from public policy to the economics of sports. At The Indicator, he has worked on stories about how certain environmental regulations can impede climate progress and others about how college athletes are taking advantage of their name, image and likeness.
Kate Concannon
Kate Concannon is the Supervising Senior Editor at The Indicator from Planet Money. She leads this small, collaborative team of hosts, reporters and producers in making sense of crucial, but often complex and confusing, economic news in just 10 minutes a day.