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Donald Trump is slapping sweeping tariffs on US trading partners on what he's dubbed 'Liberation Day' for America. Trump has long claimed the US economy is being 'ripped off' by the world. So is he right to take punitive action? Or will the strategy, as many economists fear, set off a chain reaction of retaliation, triggering a global trade war. Who'll be the winners and losers in Trump's tariff gamble? And does he really have a masterplan to shake up the global economy? This week's panel: Biresh Banerjee Alex Forrest Whiting Jared Reed Cherie Chan Guests: Inga Fechner, Senior Economist, ING Germany Kassandra Sundt, DW Business Janelle Dumalaon, DW Washington correspondent Chapters 0:00 Intro: 'Liberation Day' 5:20 What's happened so far? 10:45 Expectations from Trump's tariffs 18:15 How will tariffs benefit the US? 26:15 Impact on US consumers 32:11 Are tariffs out-of-date? 37:44 EU response 40:33 Mar-a-Lago Accord 45:30 The Chicken Tax 48:11 Reactions in US 51:25 Reactions in Asia 57:48 Impact on globalization 1:01:00 Free trade agreements 1:07:40 China's moment? 1:12:20 Wrap and poll question #NewsDesk #Tariffs #TradeWar For more news go to: http://www.dw.com/en/ Follow DW on social media: ►Instagram: / dwnews ►TikTok: / dwnews ►Facebook: / deutschewellenews ►Twitter: / dwnews Für Videos in deutscher Sprache besuchen Sie: / dwdeutsch Subscribe: https://www.youtube.com/user/deutsche...