What A Day
House Republicans Pass Big Beautiful Bill feat. Rep. Ro Khanna
Apr 11, 2025
California Democratic Representative Ro Khanna joins to discuss the chaotic tariff landscape sparked by Trump’s uncertain trade policies. He explores how these tariffs impact the tech industry and the broader economy while raising concerns about the House GOP's proposed budget cuts to crucial social safety nets like Medicaid. Khanna emphasizes the need for grassroots advocacy in challenging political climates, touching on the political ramifications of student visa revocations and the unforeseen effects of tariffs on U.S. spice imports.
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Quick takeaways
- President Trump's pause on tariffs has led to confusion in the stock market and heightened anxiety among American trade partners.
- The House GOP's proposed budget includes significant cuts to social safety net programs, potentially jeopardizing healthcare support for millions of Americans.
Deep dives
The Impact of Tariffs on the Economy
President Trump announced a pause in reciprocal tariffs, creating uncertainty in the stock market and anxiety among trade partners. Many are questioning the effectiveness of this pause, especially since it comes with increased tariffs on China. The ambiguities surrounding Trump's tariff strategy are causing confusion and destabilization, as seen when market gains rapidly diminished after Trump's statements. Ultimately, the lack of a clear and consistent trade policy leaves Americans and businesses uncertain about future economic outcomes.
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