What A Day Trump's TBD Tariffs
Apr 1, 2025
Neil Irwin, Chief Economic Correspondent for Axios, dives into the murky waters of Trump's planned tariffs, dubbed 'Liberation Day.' He discusses the uncertainty looming over the economy and how these tariffs could impact everyday Americans. Irwin highlights concerns regarding inflation and job stability, especially in auto industry towns. The conversation also touches on dwindling voter confidence in Trump’s ability to manage the economy, amidst significant political developments and upcoming elections.
AI Snips
Chapters
Transcript
Episode notes
Auto Industry Concerns
- The Republican mayor of Rochester Hills, Michigan, expressed concern about the tariffs' impact on the auto industry.
- He fears job losses if the uncertainty continues for too long.
Uncertainty over Tariffs
- Businesses crave certainty, but Trump's tariff plans remain unclear, creating anxiety.
- This uncertainty makes it difficult for businesses to plan and adapt, impacting the economy.
Businesses' Response to Tariffs
- Businesses face three options: raise prices, reduce profit margins, or pressure suppliers.
- The best option depends on the industry and profit margins.