A year ago this week, US President Donald Trump rocked the world with his so-called liberation day announcement. America’s tariff regime affected all aspects of life from the global economy to the day-to-day of average business owners. As part of a special FT News Briefing series, the FT’s US economics editor Claire Jones explains what changed, and what didn’t, because of those tariffs. 

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Listen to the rest of the FT News Briefing’s Liberation Day series 

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Swamp Notes is hosted by Marc Filippino and produced by Henry Larson. This week’s show was mixed by Kelly Garry. Our executive producer is Topher Forhecz and the FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. 

The FT does not use generative AI to voice its podcasts.

Read a transcript of this episode on FT.com

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