This Week with George Stephanopoulos Full Episode: Sunday, March 9, 2025
Mar 9, 2025
Adam Schiff, Democratic Senator from California, offers keen insights into the party's strategy against the Trump administration's tumultuous policies. He discusses the significant impact of Trump's tariffs on American consumers and global markets, illuminating the economic chaos afoot. Schiff addresses the Democratic response to rising living costs and the urgency for policies that support working-class Americans. He also touches on the challenges within the party and the broader implications of current populist movements, emphasizing the need for unity amidst political strife.
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Economic Whiplash
- President Trump's tariff reversals with Mexico and Canada caused confusion and market instability.
- Stocks plunged after his announcement, but markets remained uncertain even after a temporary pause.
Market Uncertainty
- Wall Street experiences high volatility due to uncertainty surrounding the White House's next move.
- Markets are headline-sensitive and react strongly to policy announcements, especially regarding tariffs.
Tariffs and Inflation
- Trump's tariff threats complicate his promise to reduce inflation.
- Tariffs will likely cause a one-time price increase, impacting American companies and consumers.