The Rachel Maddow Show

Needless economic pain from Trump not even worth it if his tariff gambit works: economist

16 snips
Apr 4, 2025
The discussion features economist Betsey Stevenson unpacking the fallout from recent tariffs imposed by the Trump administration. Chaos on Wall Street signals the wider economic turmoil facing American families, farmers, and businesses. With bipartisan backlash growing, the potential benefits of these tariffs appear minimal compared to the pain inflicted. Stevenson questions the motives behind these policies, raising alarms about their long-term consequences and the implications of such economic strategies on everyday lives.
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ANECDOTE

Newsmax Rings the Bell

  • Newsmax, a pro-Trump media outlet, rang the NYSE opening bell on a day with the worst stock market performance since the start of the COVID-19 pandemic.
  • Trump allies also rang the closing bell, bookending a historic market downturn.
INSIGHT

Global Backlash Against Tariffs

  • Trump's tariffs triggered negative reactions globally, with U.S. allies feeling betrayed.
  • The tariffs are viewed as unjustified and misguided.
INSIGHT

Economic Impact of Tariffs

  • Betsy Stevenson predicts price increases due to Trump's tariffs.
  • She anticipates layoffs and slower economic growth, potentially leading to a recession.
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