The NPR Politics Podcast
Trump's Tariff Tug Of War
Apr 10, 2025
Maria Aspan, NPR's finance correspondent based in New York City, discusses the whirlwind surrounding President Trump's recent tariff decisions. The conversation reveals the chaotic impact on markets and consumer prices, alongside fears of a looming recession. Aspan breaks down how the tariffs are causing tension between Wall Street and corporate leaders while emphasizing the pivotal role of U.S. Treasuries as a financial safety net. Insights from business leaders highlight the uncertainty flowing from fluctuating trade policies, sparking a broader dialogue on economic health.
17:40
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Quick takeaways
- President Trump's decision to maintain a 10 percent tariff while escalating tariffs on China reflects ongoing uncertainties in trade relationships.
- The volatility in stock markets, driven by tariff announcements, poses significant risks to economic stability and investor confidence.
Deep dives
Current Tariff Landscape
The recent developments in the tariff landscape involve a significant pause on tariffs initially set by President Trump, alongside the continuation of a baseline 10 percent tariff on most imports. Although some aggressive tariffs targeting specific countries like Vietnam and Japan have been delayed for 90 days, tensions remain high as discussions continue. Notably, Trump has escalated tariffs on China to an astonishing 145 percent, which he justified as retaliation against Chinese actions. This complex situation illustrates the fluctuating nature of trade relationships and the uncertainty it brings to economic stakeholders.
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