South Korea has been paralysed since its president declared martial law in December. Even after his impeachment, politicians face a divided polity and battered economy. Why governments should pay attention to the “Henry” – High Earner, Not Rich Yet (9:49). And what tiffs over tofu teach us (15:38).

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After months of bluster, he’s finally done it. At a ceremony in the White House Rose Garden, Donald Trump overturned decades of American trade policy with a simple signature. The new wave of trade restrictions, if implemented in full, will raise tariffs to the highest level in more than a century. So how bad could it get?

Hosts: Mike Bird and Ethan Wu. Guests: The Economist’s Simon Rabinovitch; and Douglas Irwin, a professor of economics at Dartmouth College.

Transcripts of our podcasts are available via economist.com/podcasts.

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SHOW-NOTES TEXT (with links and timestamps; 60 wds max)

Even in the run-up to Donald Trump’s “Liberation Day” tariff hikes, few had expected such colossal levies. Our correspondent explains how they will shake America’s economy and global trade. After Sudanese government forces retake Khartoum, will this alter the course of the civil war (10:32)? And Shonda Rhimes is shaping watching habits (18:12).

Listen to what matters most, from global politics and business to science and technology—Subscribe to Economist Podcasts+

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