Trump Tariffies The Markets
What A Day4 Apr 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:

Episoder(1576)

Democrats Add Tax Cuts To Affordability Agenda

Democrats Add Tax Cuts To Affordability Agenda

Ahead of the midterms, several Democrats are trying to seize on the affordability messaging that has been connecting with voters across the country by talking about lowering taxes. New Jersey Senator ...

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What Is ICE Really Doing In Airports?

What Is ICE Really Doing In Airports?

It’s been more than a month since the Department of Homeland Security shut down, and American airports are definitely feeling it. Now, President Donald Trump has sent ICE agents to at least 14 airport...

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The Iran War Is Fueling Antisemitism

The Iran War Is Fueling Antisemitism

The MAGA Right is at war over the role that Israel has in American foreign policy and the war with Iran. If you listen to Tucker Carlson or former counterterrorism chief Joe Kent, you would think that...

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The Uncertain Fate of America’s Dreamers

The Uncertain Fate of America’s Dreamers

The Trump Administration’s crackdown on undocumented and documented immigrants hasn’t stopped — even for recipients of Deferred Action for Childhood Arrivals, or DACA. Since Trump returned to the Whit...

20 Mar 26min

Can Trump's FCC Manufacture War Propaganda?

Can Trump's FCC Manufacture War Propaganda?

The Iran War is not very popular with Americans – and the Trump Administration seems to think it knows why: the media is being too mean about the President’s war of choice. On Saturday, FCC Chairman B...

19 Mar 26min

MAGA Meltdown Over Trump’s War

MAGA Meltdown Over Trump’s War

Joe Kent – someone you’ve probably never heard of – made huge news on Tuesday. He was the director of the National Counterterrorism Center – until he posted a resignation letter on Twitter. In it, Ken...

18 Mar 26min

Meet Trump's Pick To Lead DHS

Meet Trump's Pick To Lead DHS

This week, the Senate will hold a confirmation hearing for Oklahoma Republican Senator Markwayne Mullin, President Donald Trump's pick to replace Kristi Noem as Department of Homeland Security Secreta...

17 Mar 23min

Can Big Oil Grease The Courts?

Can Big Oil Grease The Courts?

The war in Iran has essentially closed the Strait of Hormuz, the world's most important oil transfer point, sending oil prices over $100 a barrel with the potential to go even higher. And yet, the odd...

16 Mar 21min

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