The Playbook Podcast

April 10, 2025: Trump’s tariff two-step

Apr 10, 2025
A surprising twist in the U.S.-China trade war unfolds as President Trump pauses newly implemented tariffs to negotiate deals, with China facing a hefty 125% tariff. Economic experts dissect how this sudden move impacts markets and international relations. The ongoing struggle within Congress intensifies, with Speaker Mike Johnson's budget vote delay adding to the tension. The podcast dives deep into the intricate web of trade negotiations, revealing the influential players shaping future policies.
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ANECDOTE

Tariff Plan Reconsidered

  • Trump's advisors initially expressed satisfaction with the tariff plan, believing it was proceeding as intended.
  • However, unexpected volatility in the bond market prompted them to reconsider and seek an alternative approach.
INSIGHT

Bond Market Power

  • The bond market's negative reaction to Trump's tariffs mirrored the situation with Liz Truss in the UK.
  • This highlights the limits of even a powerful economy like America's when confronting bond market instability.
ANECDOTE

Tariff Pause Reaction

  • Despite initial attempts to portray the tariff pause as planned, Trump admitted reacting to bond market volatility.
  • This suggests that the 90-day pause was a reactive measure rather than a pre-determined strategy.
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