The Brian Lehrer Show
Tariff Chaos
Apr 4, 2025
Catherine Ann Edwards, an economist and economic policy consultant, breaks down the chaos following President Trump's new tariffs. She analyzes the predicted $2.4 trillion loss in S&P 500 stocks and how these tariffs will squeeze consumers. Edwards highlights the struggles faced by small businesses amid rising costs and unpredictable rates. Delving deeper, she discusses the impact of automation on job losses, and the disconnect between policymakers and those directly affected. Listeners are encouraged to advocate for their financial security.
42:45
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Quick takeaways
- President Trump's tariffs aim to boost domestic manufacturing but risk increasing consumer prices and harming small businesses reliant on imports.
- The chaotic market response to tariffs highlights the potential for long-term economic shifts, raising fears about consumer confidence and the risk of recession.
Deep dives
Mayor's Election Announcement
The mayor has announced his intention to run in the upcoming general election in November, opting for an independent ballot line instead of participating in the primary set for June. This decision significantly alters the landscape of the election race, prompting discussions about its implications for both the mayor's political future and the overall electoral dynamics. This strategic shift may influence voter turnout and candidate competition, as the mayor's move could attract diverse voter bases who may not align with traditional party lines. Sally Goldenberg from Politico, who reported on the announcement, provides insights into how this change could reshape the election strategies of other candidates.
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