What A Day
Trump is Tariff-ied
Apr 30, 2025
Stephanie Ruhle, host of MSNBC's The 11th Hour, dives into the economic landscape as trust in Trump crumbles post-election. She discusses the impact of tariffs on consumer confidence, revealing how Amazon may adjust prices. Ruhle connects these economic policies to political shifts in Canada, where voters turned against Trump. The conversation highlights the unpredictable challenges tariffs pose for businesses and the psyche of consumers dealing with rising prices and market instability.
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Quick takeaways
- Voter trust in Trump's economic leadership rapidly declined during his second term, leading to a significant drop in consumer confidence.
- The discussion on tariffs exposed how American consumers bear the costs, challenging the narrative that foreign entities are solely responsible for the financial burden.
Deep dives
Economic Trust and Voter Sentiment
President Trump's victory in the 2024 election was largely attributed to voter trust in his economic leadership. However, as his second term progressed, a significant shift in voter sentiment became apparent, revealing widespread dissatisfaction with his policies. Polling data indicated that consumer confidence dropped sharply, reaching low levels similar to the start of the pandemic, which raised concerns among business owners. This trend highlights how consumer sentiment directly impacts business viability and suggests a disconnect between perceived and actual economic conditions under Trump's administration.
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