What A Day

Trump: Now You Tariff… Now You Don’t

14 snips
Apr 10, 2025
In this discussion, Alex Jacquez, Chief of Policy and Advocacy at Groundwork Collaborative and former Biden advisor, analyzes the unpredictable tariff policies of Donald Trump. He reveals how sudden changes to trade strategies negatively impact the American economy and small businesses. The conversation also highlights the discrepancies between stock market performance and everyday economic realities. Additionally, Alex touches on the political fallout from these decisions and the importance of establishing a reliable trade strategy.
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ANECDOTE

Tariff Reversal

  • Trump expressed excitement for tariffs at a Republican dinner, calling them "legendary in a positive way".
  • The next day, he paused most tariffs, except for China's, claiming people were getting "yippy."
INSIGHT

Market Volatility from Tariffs

  • Trump's tariff actions caused significant market volatility, comparable to 9/11 and the COVID recession.
  • This volatility led Trump to pause some tariffs while maintaining others, creating confusion.
INSIGHT

Trade War with China

  • A trade war with China could increase prices on consumer goods like electronics.
  • China's retaliatory tariffs would impact American producers.
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