The NPR Politics Podcast Trump's Tariff Tug Of War
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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.
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Tariff Reversal
- President Trump imposed tariffs, then reversed many on their effective date.
- A 10% baseline tariff remains on most imports, but reciprocal tariffs are on hold.
China Tariff Increase
- While pausing tariffs for most countries, President Trump increased tariffs on China to 145%.
- This was done as punishment for China's retaliation against US tariffs.
Market Volatility
- The stock market experienced a wild ride due to Trump's tariff policy.
- A huge sell-off followed by a recovery created global uncertainty.