The Playbook Podcast April 4, 2025: Tariffs tumble markets
Apr 4, 2025
In this enlightening discussion, Victoria Guida, POLITICO’s economics correspondent and Capital Letter columnist, breaks down the chaos caused by President Trump’s latest tariffs, which have sent markets diving to their worst losses since the pandemic. She explores the hesitance among businesses to invest amid this volatility and the internal conflicts among Republican lawmakers regarding agricultural tariffs. The conversation also touches on shifting global economic dynamics and the looming fears of recession, underlining the intricate link between policy uncertainty and economic health.
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Tariffs Tumble Markets
- Trump's new tariffs are the main market driver, overshadowing other news.
- These tariffs caused the biggest market losses since the start of the COVID-19 pandemic.
Tariff Uncertainty Hinders Investment
- One of Trump's goals with the tariffs is to bring jobs back to the US.
- However, businesses are hesitant to invest due to uncertainty around tariff policy and potential retaliation.
Republican Concerns Over Tariffs
- Republicans, especially from agricultural states, are worried about potential retaliation from the tariffs.
- Some, like Senator Chuck Grassley, are pushing for legislation to give Congress more say in tariff decisions.