The Powers That Be: Daily Trump’s Tariff D-Day
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Apr 3, 2025 Bill Cohan, a financial journalist and author of "Dry Powder," joins to discuss Trump’s recent whirlwind tariff announcements and their chaotic effect on financial markets. They dive into the disconnect between Trump's optimistic portrayals and the looming economic reality for industries and consumers. The conversation also tackles Trump’s controversial pardons for white-collar criminals, including Ozy Media's Carlos Watson, and the troubling implications for the criminal justice system. Cohan provides keen insights into the intersection of politics and finance.
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Tariff Impact
- Trump's tariff announcement has shocked allies and sent markets spiraling.
- Economists question the endgame, as consumers face price hikes.
Trump's Disregard for Markets
- Bill Cohan points out that Trump doesn't care about the market's negative reaction to the tariffs.
- Trump's advisors, like Scott Bessent, are wealthy and won't challenge him.
Declining Approval
- Trump's approval ratings are declining due to economic concerns, like rising prices.
- His focus on tariffs and culture wars may further alienate voters.
