The News Agents Q&A: Could Trump suspend the midterms? And how worried should we be about the stock market?
80 snips
Apr 4, 2025 Chaos in the stock markets is ignited by Trump's tariffs, raising fears of a recession. Discussions swirl around the alarming possibility of suspended midterm elections and its constitutional implications. The hypothetical U.S. annexation of Greenland adds another layer to international relations. Meanwhile, travel hesitations from Europeans reflect unease about visiting amidst current political strife. Plus, the Republican Party's shift under Trump’s influence raises questions about its future direction and the emerging populist base.
AI Snips
Chapters
Transcript
Episode notes
Recession Worries
- The stock market's decline and recession talks raise concerns, especially after Trump's tariff announcement.
- JP Morgan predicts a 60% recession chance in the US, impacting the previously strong economy.
Tariff Impact
- Trump's tariffs might worsen the economic situation, similar to the Great Depression's impact.
- The globalized economy and interconnected supply chains make the impact potentially worse than in the 1930s.
Congressional Power Over Tariffs
- Congress theoretically can halt tariffs imposed by the president but requires a two-thirds majority to override a veto.
- This scenario is unlikely due to the Dems probably not winning enough seats.