About this episode

The episode discusses the impact of President Trump's 'Liberation Day' tariffs on the global economy one year later.

A year on from when President Donald Trump announced his 'Liberation Day' tariffs, what has been the impact on the global economy? Lukas Gehrig, Head of Quantitative Macro and Thematic Strategy, joins host Julien Lafargue, Chief Market Strategist, to consider the effects the initiative has had on global trade routes. They also discuss how the tariffs have affected the US economy and explore the likely inflationary impact from this year's energy shock caused by the conflict in the Middle East.

People in this episode

Host: Julien Lafargue

Guest: Lukas Gehrig

Topics covered

• global economy
• tariffs
• US economy
• inflation
• energy shock
• global trade

Keywords

• Liberation Day
• tariffs
• global trade routes
• US economy
• inflationary impact
• energy shock
• Middle East conflict

Mentioned in this episode

Organizations: Barclays Private Bank

Places: United States

More episodes of Barclays Private Bank Podcasts

• Markets Weekly podcast (20 April 2026): Is a peace deal in reach? · April 20, 2026
• Markets Weekly podcast (13 April 2026): Lessons in investor behaviour · April 13, 2026
• Markets Weekly podcast (7 April 2026): Middle East ultimatum · April 7, 2026
• Markets Weekly podcast (30 March 2026): Spotlight on currency markets · March 30, 2026
• Markets Weekly podcast (23 March 2026): Real estate special · March 23, 2026
• Markets Weekly podcast (16 March 2026): Market update on the Middle East · March 16, 2026

Explore listener stats, chart rankings, contacts and more on the Barclays Private Bank Podcasts podcast page.