Washington Today
Weekend Edition: Impact of President Trump's Tariffs, Wisconsin Supreme Court & Florida Special Elections, and the JFK Files
Apr 5, 2025
Kirk Bado, Editor of National Journal's Hotline, shares insights on the recent Wisconsin Supreme Court race and special elections in Florida, analyzing crucial electoral trends. Jefferson Morley, a JFK historian, delves into newly released information about the Kennedy assassination, sparking renewed public interest in this historical event. Courtenay Brown, Senior Economics Reporter for Axios, discusses the unexpected impact of President Trump's tariffs on U.S. consumers, critiquing White House calculations and exploring broader economic uncertainties.
34:15
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Quick takeaways
- President Trump's tariffs are predicted to noticeably raise costs for U.S. consumers, igniting concerns over inflation and trade policy uncertainty.
- Recent election results in Wisconsin and Florida indicate a potential Democratic resurgence, reflecting changing demographics and heightened voter engagement.
Deep dives
Impact of President Trump's Tariffs on Consumers
President Trump's recent tariff announcements are expected to significantly affect U.S. consumers, with economists predicting that large percentages, if not all, of the costs will be passed onto them. The tariffs on Chinese imports have surged to average rates above 70%, raising concerns about inflation and consumer prices. Courtney Brown from Axios highlighted that tariffs are self-reported by importers, contradicting the notion that they are primarily paid by foreign countries. Trade policy uncertainty has surged to levels even higher than during the COVID pandemic, reflecting widespread apprehension about the economic ramifications of these tariffs.
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