The Wolf-Krugman Exchange: America vs the world

The Economics Show

The US last week released its new national security strategy – and it wasn’t good news for Europe. The document, which sets out US foreign policy priorities, blasted Europe for undermining “political liberty and sovereignty”, de-emphasised the threat from Russia, reframed America’s competition with China and put influence over the western hemisphere at the top of the US agenda. In this episode, FT chief economics commentator Martin Wolf and Nobel laureate Paul Krugman discuss what the impact of this new US strategy may be. How should Europe react to this sharp turn from its strongest historical ally? And is Trump handing China the world on a silver platter?


Email any questions for Martin and Paul to economics.show@ft.com


Subscribe and listen to this series of The Economics Show on Apple Podcasts, Spotify, Pocket Casts or wherever you listen to podcasts. 


Read Martin’s column here 


Subscribe to Paul’s Substack here


Find Paul’s cultural coda here.


Find Martin’s cultural coda here.


Produced by Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Tom Hannen is the video editor. Sound design by Breen Turner. Original music by Breen Turner.


The Wolf-Krugman Exchange: America vs the world video


Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

More description

The US last week released its new national security strategy – and it wasn’t good news for Europe. The document, which sets out US foreign policy priorities, blasted Europe for undermining “political liberty and sovereignty”, de-emphasised the threat from Russia, reframed America’s competition with China and put influence over the western hemisphere at the top of the US agenda. In this episode, FT chief economics commentator Martin Wolf and Nobel laureate Paul Krugman discuss what the impact of this new US strategy may be. How should Europe react to this sharp turn from its strongest historical ally? And is Trump handing China the world on a silver platter?


Email any questions for Martin and Paul to economics.show@ft.com


Subscribe and listen to this series of The Economics Show on Apple Podcasts, Spotify, Pocket Casts or wherever you listen to podcasts. 


Read Martin’s column here 


Subscribe to Paul’s Substack here


Find Paul’s cultural coda here.


Find Martin’s cultural coda here.


Produced by Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Tom Hannen is the video editor. Sound design by Breen Turner. Original music by Breen Turner.


The Wolf-Krugman Exchange: America vs the world video


Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

2025-12-10 41 min
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