This Week with George Stephanopoulos
Full Episode: Sunday April 13, 2025
Apr 13, 2025
Howard Lutnick, former Secretary of Commerce, discusses the recent reversal of tariffs by President Trump, sparking market uncertainty. Senator Elizabeth Warren debates the potential of her legislation to limit presidential power regarding tariffs, highlighting their adverse impact on small businesses. ESPN's Stephen A. Smith chimes in on the political landscape, criticizing Trump's economic policies. The trio dives into the long-term effects of trade negotiations with China and the crucial need for revitalizing American manufacturing in today’s economy.
53:18
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Quick takeaways
- President Trump's pause on tariffs for critical imports like electronics marks a significant shift in trade policy aimed at stabilizing market confidence.
- Senator Elizabeth Warren's call for Congressional oversight highlights the ongoing debate over the legality and impact of presidential tariff powers on consumers.
Deep dives
Tariff Policy Changes
President Trump's recent decision to pause tariffs on electronics signals a significant shift in his trade policy, particularly in light of recent market turmoil. After initially launching tariffs that triggered a severe stock market decline, Trump exempted critical imports like smartphones and laptops from new fees, which provided temporary relief to markets. This move raised questions about whether this was a strategic negotiation tactic or simply a reaction to external pressures. The exemption on electronics comes amid ongoing tensions with China, emphasizing the delicate balance of negotiating trade while managing economic stability.
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