The Ezra Klein Show14 Mar 2025

Is Trump ‘Detoxing’ the Economy or Poisoning It?

It’s hard to understand the economic logic of President Trump’s tariffs. In our last episode, we tried, but with limited success. And that might be because the logic here isn’t entirely economic at all.

So we wanted to spend an episode looking at Trump’s economic policies through a wider lens.

Gillian Tett is a columnist at The Financial Times and a member of its editorial board. She’s also a trained anthropologist with a Ph.D. And she brings both perspectives into this conversation — exploring Trump’s policies as economics, as well as power politics, patronage and cultural messaging — which I think makes the whole thing make a bit more sense.

Mentioned:

“A User’s Guide to Restructuring the Global Trading System” by Stephen Miran

Book Recommendations:

National Power and the Structure of Foreign Trade by Albert Hirschman

The Economic Consequences of the Peace by John Maynard Keynes

Debt by David Graeber

How to Think Like an Anthropologist by Matthew Engelke

Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.

You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.

This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris. Mixing by Isaac Jones, with Efim Shapiro and Aman Sahota. Our supervising editor is Claire Gordon. The show’s production team also includes Elias Isquith, Kristin Lin and Jack McCordick. Original music by Pat McCusker and Carole Sabouraud. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Pat McCusker.

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

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