President Trump exempted consumer technology and components from his reciprocal tariffs on Friday, though by the end of the weekend, his advisors warned that those exemptions may not be permanent. Apple has reportedly increased its iPhone production in India to avoid the impact of the White House’s tariffs on goods imported from China. In an extended conversation, former Federal Reserve Chair and former Treasury Secretary Janet Yellen weighs in on the Trump administration’s tariff agenda, as well as the stability of U.S. treasurys. Former FTC Chair Lina Khan shares her own perspective on President Trump’s tariff agenda, and the two guests both align on one descriptor: chaotic. Khan, once the top antitrust watchdog, discusses the beginning of the FTC’s case against Meta, calling into question Facebook’s acquisitions of Whatsapp and Instagram.

Janet Yellen - 17:25

Lina Khan - 35:47

In this episode:

Lina Khan, @linamkhan

Kelly Evans, @KellyCNBC

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

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