Tune In Stephanomics

On this episode of Trumponomics, host Stephanie Flanders explores US President Donald Trump’s decision to impose a $100,000 fee on new H-1B visa applications, which industries will lose the most from this new expense for foreign workers and a potential long-term silver lining for India, the source of most of them. Bloomberg Economics analyst Michael Deng explains the cost pressures facing smaller US firms, while New Delhi–based analyst Chetna Kumar outlines the challenges for Indian IT giants, and why the policy might also push India to expand its domestic R&D and service hubs.

Host Stephanie Flanders, Bloomberg’s head of government and economics, is joined by Bloomberg managing editor Shelly Banjo and senior reporter Ian King to discuss how Trump has changed the rules for corporate America, and whether this marks a permanent change.

Why is the price of money rising and what does US President Donald Trump have to do with it? Stephanie Flanders is joined by Bloomberg Economics' Jamie Rush and Tom Orlik to explore the global forces driving up interest rates, from defense spending to deglobalization, and what higher borrowing costs mean for governments, businesses and households.

On this episode of Trumponomics, we explore the curious moment in markets where most investors see equities as overvalued but don’t want to sell just yet. Host and Bloomberg Head of Government and Economics Stephanie Flanders is joined by Bloomberg Economics economist Anna Wong and Everything Risk author Ed Harrison.

It’s been a little more than seven months since US President Donald Trump returned to the White House, and much has been made of his administration’s unprecedented actions when it comes to trade, geopolitics and domestic matters. There are plenty of detractors pointing to the downsides of the Republican’s moves, but we hear less about what the US should be doing instead. It raises the interesting question: what would the Democratic alternative be? Host Stephanie Flanders and Noah Smith, a former columnist for Bloomberg Opinion and now a prominent Substack writer, ask whether—if the opposition party returns to power—should it return to the neoliberal policies of the Obama administration, or find its own populist message to match that of Trump? Or perhaps something in between?

Host Stephanie Flanders speaks with journalist and author Ben Chu to unpack his latest book, Exile Economics: What Happens if Globalisation Fails. As President Donald Trump calls for the US to break its dependence on foreign imports and bring all production “back home,” Chu pulls back the curtain on what abandoning globalization would actually look like—not in theory, but in the messy, interconnected reality of the 21st century.

On this episode of Trumponomics, we explore the impact of President Donald Trump’s economic policies on the standing of the US dollar, and the consequences for the US and global economies if the greenback is no longer the world’s primary reserve currency. As our guests explain, it seems that a reckoning has been in the making for some time. Barry Eichengreen, professor of economics and political science at the University of California Berkeley, joins along with Bloomberg Washington reporter Saleha Mohsin to discuss how reserve currencies come about, how the US dollar ascended to that role and what happens if it falls back to earth.

With US President Donald Trump’s self-imposed Aug. 1 deadline having come and gone, trading partners across the globe are digesting what his new threatened tariffs might mean for them. Countries like the UK appear moderately pleased with their 10% rate while nations such as Switzerland are aghast at levies as high as 39%—so much that Swiss President Karin Keller-Sutter traveled to Washington to negotiate directly before they’re initiated fully, which Trump promises will happen on Aug. 7. But it’s early days yet in Trump’s trade war, and everything from the unexpected movement of the dollar to negative jobs data and $1 trillion in trade exemptions continues to cloud the picture. On this episode of Trumponomics, we try to understand how Trump’s tariffs (which, to add more complexity, an appeals court could soon rule illegal) are currently affecting US businesses, China and the rest of the world. Host Stephanie Flanders is joined Bloomberg Economics Chief US Economist Anna Wong and Bloomberg News senior correspondent Shawn Donnan to discuss it all.

On this week’s Trumponomics, we unpack the promise and peril for America of Trump’s AI vision. Host Stephanie Flanders is joined by Michael Deng, geoeconomics technology analyst for Bloomberg Economics, and Parmy Olson, a columnist with Bloomberg Opinion and author of the book Supremacy: AI, ChatGPT and the Race That Will Change the World. Together, they discuss how the administration’s plans when it comes to tariffs, energy and other issues risk isolating the US from the very global tech ecosystem it’s trying to dominate.

On this episode of Trumponomics, we discuss whether Jerome Powell has overestimated the risk of inflation stemming from the US trade war. Joining us are Oren Cass, founder and chief economist at American Compass and Anna Wong, chief US economist at Bloomberg Economics who served in various roles in Trump’s first administration. Along with host Stephanie Flanders, they examine whether the Fed has been getting it wrong on rates, and if so, why.

On this episode of Trumponomics, we examine whether Donald Trump’s efforts to deregulate traditional finance and move crypto further into the mainstream are laying the groundwork for a financial crisis or simply fixing bureaucratic overreach stemming from the last one. Christine Harper, a member of Bloomberg’s editorial board and co-author of a memoir by former Federal Reserve Chair Paul Volcker, and Katanga Johnson, who covers banking regulation for Bloomberg join host Stephanie Flanders.

On this episode of Trumponomics, we examine whether Donald Trump’s efforts to deregulate traditional finance and move crypto further into the mainstream are laying the groundwork for a financial crisis or simply fixing bureaucratic overreach stemming from the last one. Christine Harper, a member of Bloomberg’s editorial board and co-author of a memoir by former Federal Reserve Chair Paul Volcker, and Katanga Johnson, who covers banking regulation for Bloomberg join host Stephanie Flanders.

This week, we explore how the legislation’s attack on renewable energy may push up electricity bills and damage US competitiveness in AI. The tax credits in President Joe Biden’s sprawling Inflation Reduction Act were introduced to help the US keep up with rising electricity demand by making clean power sources cheaper. But now the big bill has changed all that, and an executive order issued days after its passage suggests his war on renewables isn’t over yet. Joining host Stephanie Flanders to discuss this dramatic turn of events (and why members of Congress from states raking in renewable investments supported the bill) are guests Ethan Zindler, head of country and policy research at BloombergNEF and previously climate counselor to US Treasury Secretary Janet Yellen, and Bloomberg lobbying and influence reporter Emily Birnbaum.

On this episode of Trumponomics, we focus on US President Donald Trump’s crackdown on immigration, what’s at stake for businesses and the economy, what harm has been done already and whether the administration could change course. Jonathan Levin, a Bloomberg Opinion columnist focused on US markets and economics, and Kate Davidson, Bloomberg’s managing editor for US economic policy, join host Stephanie Flanders to discuss the many consequences of Trump’s signature campaign promise, whether his administration is likely to modulate its policies—and whether there could be long-term benefits to the broader economy of forcing employers to offer higher wages and better conditions to attract the workers they need.

In this episode of Trumponomics, we explore whether Donald Trump’s attack on Iran changes the calculus on his “reciprocal” tariffs and a looming deadline. Host Stephanie Flanders is joined by John Authers, senior editor for markets and a Bloomberg Opinion columnist, and Shawn Donnan, senior reporter covering economics, to discuss how markets have been thinking about the July deadline, and how the multitrillion-dollar price tag for the “big beautiful bill” Trump hopes to get through Congress may have raised the probability of a baseline 10% tariff.

On this episode of Trumponomics, we ask what Israel’s war with Iran, Donald Trump’s public musings about sending America to fight again in the Middle East and a potentially soaring oil price would mean for the US economy—and the 79-year-old Republican’s economic plans. We also address why those high oil prices haven’t yet come to pass. Host Stephanie Flanders is joined by Jennifer Welch, chief geoeconomics analyst for Bloomberg Economics and Ziad Daoud, chief emerging markets economist for Bloomberg Economics and senior fellow at the Harvard Kennedy School.

On this episode of Trumponomics, host Stephanie Flanders, Bloomberg’s Head of Government and Economics, leads a panel from the Hong Kong Invest conference to unpack the latest round of high-stakes trade talks between the US and China, exploring why Beijing may still have the upper hand and how far any decoupling of the two economies will go. She's joined by Robin Xing, Chief China Economist at Morgan Stanley, Lotus Asset Management Chief Investment Officer Hao Hong, and Bloomberg reporter Rebecca Choong Wilkins.

On this episode of Trumponomics, we’re checking in on the status of Donald Trump’s trade war. Host Stephanie Flanders is joined by Anna Wong, chief US economist at Bloomberg Economics, for insight into the economic impact of the US president’s policies so far, and Bloomberg White House Reporter Josh Wingrove, who unpacks how the strategy is evolving. They analyze the legal battle over Trump’s tariffs and concern on Wall Street that the trade war could morph into a capital war.

Host Stephanie Flanders, Bloomberg’s Head of Government and Economics, leads a panel from the Qatar Economic Forum in Doha to explore the question of what Trumponomics means for the Middle East. It turns out the answer may be—as Donald Trump would put it—a lot of winning. Dina Esfandiary, Middle East geoeconomics lead for Bloomberg Economics, Ziad Daoud, chief emerging markets economist for Bloomberg Economics, and John Micklethwait, Bloomberg’s Editor in Chief, feature on the panel.