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Apr 3, 2025

An end to globalization as we know it?

Following President Donald Trump’s tariffs, KPMG chief economist Diane Swonk offers a bleak prognosis for the economy.

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An end to globalization as we know it?
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Segments From This Episode

  • KPMG's Diane Swonk on this precarious economic moment

    by David Brancaccio

    The risk of a recession has gone up, she says, as has the risk for stagflation. And the job of the Federal Reserve just got much harder.

  • How will tariffs be passed on to consumers?

    by Nancy Marshall-Genzer

    Consumers are expected to pay for a lot of the new import taxes — with, for instance, tariffs on goods out of China up 34%.

  • A nuanced conservative perspective on tariffs

    by David Brancaccio

    For more on this grand economic shift, we’re joined by Mark DiPlacido, a policy advisor at the conservative-leaning economic think tank American Compass. He worked in the Office of the U.S. Trade Representative during President Trump’s first term.

The Team

An end to globalization as we know it?