Trump's tariffs could cause huge global crisis, warns economist Michael Hudson

Donald Trump’s tariffs could destabilize the global economy, warns economist Michael Hudson. US protectionist policies could cause financial crises, as many currencies depreciate and countries can't earn the dollars needed to pay their foreign debts. Ben Norton hosts the interview. VIDEO: https://www.youtube.com/watch?v=FFyWatftnIM Transcript: https://geopoliticaleconomy.com/2025/02/04/trump-tariffs-global-crisis-economist-michael-hudson/ Here you can read Michael Hudson's article on how Trump’s tariffs threaten the global economy: https://geopoliticaleconomy.com/2025/01/25/michael-hudson-trump-tariffs-global-economy/ Topics 0:00 Trump's tariff threats 3:10 Highlights of Michael Hudson 5:47 How to pay foreign debt 10:55 Austerity 14:48 Protectionism 17:19 US threats 21:11 Mexico 22:47 Defaulting on debt 25:46 Economic colonialism 28:18 Colombia 29:50 Greenland 30:23 Economic war 31:02 China's win-win approach 32:24 Trump's contradictions 35:20 US dollar & re-industrialization 37:06 Finance capitalism 41:00 Dollar exchange rate & inflation 44:34 Trump proposal at WEF/Davos 45:20 Investing in USA 47:18 US imperialism 49:17 Outro