Trump Tariffies The Markets
What A Day4 Huhti 2025

Trump Tariffies The Markets

If Wednesday was ‘Liberation Day’ in America, then Thursday was its day of reckoning, as the reality of President Donald Trump’s decision to levy steep tariffs on dozens of countries set in. Financial markets around the world cratered. In the U.S., stocks lost more than $3 trillion in market value, registering their largest one-day drop since the start of the pandemic. But none of it seemed to bother Trump, who said of the fallout from his tariff announcement, ‘I think it’s going very well.’ Scott Lincicome, vice president of general economics and trade policy at the Cato Institute, tells us everything we need to know about Trump’s tariffs.

And in headlines: The Pentagon’s acting inspector general said he’ll review Defense Secretary Pete Hegseth’s use of the Signal app to discuss military plans, the White House threatened to withhold funding from public schools over DEI programs, and lawyers for a Tufts University student detained by immigration officials asked a judge to keep her case in New England.

Show Notes:

Jaksot(1559)

Trump’s Dangerous Gamble In Iran

Trump’s Dangerous Gamble In Iran

Over the weekend, the U.S. and Israel launched airstrikes that reportedly hit more than 2,000 targets across Iran. In response, Iran struck sites across the Middle East. What, exactly, is the United S...

2 Maalis 24min

Hillary Clinton Called Her Epstein Hearing Political Theater

Hillary Clinton Called Her Epstein Hearing Political Theater

On Thursday, former Secretary of State Hillary Clinton testified in front of the House Oversight Committee to answer questions during their investigation into convicted sex offender Jeffrey Epstein. S...

27 Helmi 20min

Texas Republicans Return To Islamophobia

Texas Republicans Return To Islamophobia

The Texas Senate primary is already setting records for both Republicans and Democrats, with more than $110 million spent on advertising and reserved ad time. And on the Republican side, where Senator...

26 Helmi 22min

Medals, Insults and A Very Long Speech

Medals, Insults and A Very Long Speech

Trump’s State of the Union address had everything — if by “everything,” you mean easily fact-checkable lies. We also got fearmongering and racism about Somali immigrants… Trump’s frequently used claim...

25 Helmi 20min

Dems Opt Out Of State Of The Union

Dems Opt Out Of State Of The Union

President Trump will deliver the State of the Union address tonight. And spoiler… the state of his particular union isn't great. According to new polling from CNN, Trump's approval rating with America...

24 Helmi 22min

Trump Orders More Tariffs After SCOTUS Ruling

Trump Orders More Tariffs After SCOTUS Ruling

The Supreme Court ruled 6 to 3 on Friday that President Donald Trump overstepped his authority when he invoked sweeping tariffs using a 1970s emergency statute. The decision was a major blow to Trump'...

23 Helmi 21min

DHS Dysfunction

DHS Dysfunction

It’s been about a week since the Department of Homeland Security entered a partial shutdown, with Democrats refusing to fund the agency until changes are made to federal immigration enforcement. Accor...

20 Helmi 21min

Don't Bank On Trump's Tax Cuts

Don't Bank On Trump's Tax Cuts

The IRS has lost tens of thousands of employees since President Donald Trump took office – the result of DOGE, policy differences, last year’s government shutdown, and layoffs. Now that we're in tax s...

19 Helmi 21min

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