# 255. Trump trade tariffs - who is calling the shots?

An episode of [The Rest Is Money](https://invisiblenetwork.ai/podcast/1703785141), 26 Feb 2026, 43 min.

Audio: https://pdst.fm/e/traffic.megaphone.fm/GLT2873368515.mp3?updated=1772058700

Did Trump’s two hour ‘state of the union’ speech tell us anything we didn’t know? What’s next for trade tariffs? Will anyone get a tariff refund? And where does all this leave Keir Starmer and his 2025 trade deals with the US? With the US Supreme Court ruling that Trump overstepped his authority, Robert and Steph discuss what impact trade tariffs have had so far and whether Trump’s new 15% universal tariff will carry any weight. Plus we hear from UK manufacturers about how they’re feeling in all this trade chaos. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: therestismoney@goalhanger.com X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Learn more about your ad choices. Visit podcastchoices.com/adchoices

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