The Rachel Maddow Show Trump caves on tariffs: One economic indicator made even Trump realize he'd gone too far
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Apr 10, 2025 The podcast dives into the fallout from Donald Trump's economic policies, highlighting public discontent and significant stock market declines. As tariffs wreak havoc, even Trump begins to reconsider his strategies when the bond market reacts negatively. It covers protests linked to federal cuts in education and the chaotic state within the IRS as officials resign amid concerns over tax data misuse. The discussion also touches on troubling financial dealings between the government and tech firms, raising questions about accountability and transparency.
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Trump's Tariff Cave
- Trump's indifference to stock market plunges suggests they don't concern him.
- However, the bond market tanking caused a panicked reversal of his tariff policy.
Bond Market Sell-Off
- Unlike typical economic crises, the current crisis stems from U.S. government actions.
- This causes people to sell U.S. Treasury bonds, signaling a potential economic disaster.
Accidental Aid Cuts
- The Trump administration admitted to cutting UN World Food Program funding by mistake.
- They claim ignorance of the error's cause, highlighting their incompetence.