Morning Joe Morning Joe 4/4/25
Apr 4, 2025
Jonathan Lemire, a White House correspondent and contributor at The Atlantic, teams up with David Ignatius, a Washington Post writer specializing in foreign policy, to tackle critical national issues. They dissect the recent stock market plunge linked to tariff announcements and its effects on investors. The duo delves into the implications of U.S. trade policies on global relations, especially with China, and critiques immigration strategies highlighted by political figures. Expect sharp insights on global economics, media reactions, and a touch of sports excitement!
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Market Volatility
- Wall Street experienced its most volatile day since the COVID panic, with markets dropping about 5% globally.
- Joe Scarborough predicted the drop after President Trump's tariff announcement.
Continued Decline and Condemnation
- Stock futures continued to decline, with the Dow down about 400 points.
- Global leaders and business people condemned Trump's tariffs as wrongheaded.
Trump's Long-Held Belief in Tariffs
- Trump's belief in tariffs dates back to 1987, influenced by Japan's economic rise and acquisition of American landmarks.
- This is a calculated plan, not a random policy shift.