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Trump Blinks
Apr 10, 2025
Derek Thompson, a staff writer for The Atlantic and co-author of a bestselling book on economic policy, joins ABC’s foreign correspondent Matt Rivers, who reports from El Salvador’s notorious prison for deported migrants. They discuss President Trump's pause on global tariffs and the ripple effects on the U.S. economy and stock markets. Rivers sheds light on the brutal realities faced by inmates in El Salvador’s prisons, and the stark contrast in treatment between deported migrants and local gang members, revealing a complex narrative of justice and deportation.
30:15
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Quick takeaways
- Trump's temporary pause on global tariffs caused a significant stock market rebound, illustrating how volatility shapes investor confidence in the economy.
- The alarming conditions in El Salvador's prison system raise critical questions about the treatment of deported individuals and due process rights.
Deep dives
Impact of Tariff Decisions on the Stock Market
New tariff policies proposed by the president initially created significant anxiety in the stock markets, leading to a sharp decline in stock values. The announcement of a temporary pause on most tariffs resulted in a rapid stock market rebound, with the S&P 500 experiencing its most significant one-day increase since 2008. This volatility highlights the precarious nature of the current economic environment, as the market reacted quickly to the uncertainty surrounding trade negotiations. Analysts emphasized that this situation reflects a broader issue of inconsistent tariff strategies, which leaves businesses and investors uncertain about future costs and market stability.
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