In this conversation, Henning Meyer and Mark Blyth discuss the current state of Trump's presidency, the chaos within his administration, and the implications of his economic strategies, particularly regarding tariffs and reindustrialization. They explore the impact of inflation on the working class and the political landscape shaped by populism. The discussion also delves into the future of political identity in the U.S. and Europe, emphasizing the need for a compelling vision and narrative to unite people and drive political engagement.