Donald Trump is now aiming his trade war (https://www.economist.com/finance-and-economics/2025/04/10/can-china-fight-america-alone?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners) squarely at China. As the tit-for-tat tariff battle keeps escalating, investors are fleeing to safe assets. What will happen next? Germany’s Friedrich Merz finally signs a deal for a coalition government (https://www.economist.com/europe/2025/04/09/germanys-new-centrist-government-is-reassuring-but-bland?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners) (10:12). And remembering Betty Webb (https://www.economist.com/obituary/2025/04/10/betty-webb-never-spoke-about-her-work-until-she-had-to?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners), who worked at Britain’s wartime codebreaking centre Bletchley Park (19:36).
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