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(1561)

Trump v The Federal Reserve Chair

Trump v The Federal Reserve Chair

President Donald Trump spent Wednesday refuting reports he plans to imminently fire Federal Reserve Chairman Jerome Powell. The president has been complaining about him for months, accusing Powell of ...

17 Heinä 202522min

The Trump Putin Breakup Explained

The Trump Putin Breakup Explained

On the 2024 campaign trail, then-candidate Donald Trump repeatedly claimed he could end Russia’s war in Ukraine ‘on day one.’ Roughly 180 days into his second presidential term, the war has only escal...

16 Heinä 202525min

Can Planned Parenthood Survive Trump’s Big Beautiful Law?

Can Planned Parenthood Survive Trump’s Big Beautiful Law?

After the Supreme Court overturned Roe v. Wade three years ago, the question of abortion's legality and availability returned to the states. As of now, abortion remains broadly legal in more than 30 s...

15 Heinä 202521min

Why Hiring 10,000 New ICE Agents Is A Bad Idea

Why Hiring 10,000 New ICE Agents Is A Bad Idea

President Donald Trump’s new spending and tax law is set to balloon the budget for immigration and detention enforcement. With an extra $170 billion over the next four years, the government is hoping ...

14 Heinä 202523min

Ex-NOAA Administrator On Trump's Staffing Cuts

Ex-NOAA Administrator On Trump's Staffing Cuts

President Donald Trump is scheduled to travel to central Texas today to tour damage of the devastating July 4th weekend floods. More than 100 people have been confirmed dead, and nearly 200 are still ...

11 Heinä 202522min

ICE Gets Billions To Intimidate Americans

ICE Gets Billions To Intimidate Americans

Federal agents descended on a park in the middle of Los Angeles midday Monday, showing up on horseback, in armored tanks, and carrying rifles. While it’s still not at all clear if the agents made any ...

10 Heinä 202527min

Ex-CDC Doctor On RFK Jr.'s Risky Vaccine Policies

Ex-CDC Doctor On RFK Jr.'s Risky Vaccine Policies

In just a few short months on the job, Health And Human Services Secretary Robert F. Kennedy Jr. has managed to upend the American public health system, successfully inserting his decades of vaccine s...

9 Heinä 202524min

How Democrats Will Make Trump Own His Disastrous Spending Bill

How Democrats Will Make Trump Own His Disastrous Spending Bill

Now that President Donald Trump has gotten exactly what he wanted, and signed his major domestic tax and policy agenda into law, what should Democrats do now? Poll after poll has shown the legislation...

8 Heinä 202525min

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