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(1578)

You’re Gonna Liz Me When I’m Gone

You’re Gonna Liz Me When I’m Gone

Senator Elizabeth Warren exited the presidential race on Thursday following disappointing results in her home state and beyond on Super Tuesday. Now, like princes at a formal ball, both Biden and Sand...

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No Test For The Sicked

No Test For The Sicked

Super Wednesday kicked off with a bang: former NYC Mayor Mike Bloomberg dropping out of the race. Plus, the race in Maine was narrowly called for Biden. Now we wait as Senator Elizabeth Warren reasses...

5 Maalis 202016min

They Joe Up So Fast

They Joe Up So Fast

Yesterday was Super Tuesday, where 14 states and one territory voted in the presidential primary. Former VP Joe Biden over-performed in what some (read: none) are already calling "Joebal Warming," whi...

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Votin’ Up On A Tuesday

Votin’ Up On A Tuesday

Today is Super Tuesday, where 14 states and one territory will vote. It’s the biggest day of the presidential nominating contest so far… and 1,357 delegates are up for grabs. Tomorrow, the Supreme Cou...

3 Maalis 202016min

Don’t You (Forget About Pete)

Don’t You (Forget About Pete)

The government is beginning to dole out COVID-19 testing kits, and hundreds of medical centers in the US have begun developing their own version of testing in the meantime.The South Carolina primary w...

2 Maalis 202018min

Biden Bets on South Carolina

Biden Bets on South Carolina

South Carolina goes to the polls on Saturday. There are 54 delegates at stake and it’s the first state where black voters make up a majority of the electorate.More coronavirus updates: a whistleblower...

28 Helmi 202018min

Czar You There Mike Pence? It's Me, Coronavirus

Czar You There Mike Pence? It's Me, Coronavirus

President Donald Trump held a press conference yesterday in conjunction with the CDC to update the nation on the COVID-19 preparedness plan. That plan involves appointing Vice President Mike Pence to ...

27 Helmi 202015min

Dems Debate In The Palmetto State

Dems Debate In The Palmetto State

Last night seven democratic presidential candidates took the stage in Charleston, South Carolina for the tenth debate of this election cycle and the last one before Super Tuesday. Overall, this one wa...

26 Helmi 202017min

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