Stocks PLUMMET After Trump’s Tariffs Announced! w/ James K. Galbraith
April 5, 2025
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12:58Now PlayingStocks PLUMMET After Trump’s Tariffs Announced! w/ James K. Galbraith
11:30Trump’s BANANAS Approach To Launching New Tariffs! w/ James K. Galbraith
YouTube Description
as posted by the channelStocks plunged on Thursday and then again on Friday as U.S. trading reacted to President Trump’s announcement of heavy tariffs on nearly every nation exporting products to the United States.
Trump announced Wednesday he would impose a 10 percent tariff on all imports, with higher rates for key trading partners in response to what the White House considers unfair trade practices. Tariff rates ranged from 20 percent for European Union products to a total tariff of 54 percent on Chinese goods.
Guest host Aaron Maté and economist James K. Galbraith discuss what Trump hopes to accomplish with the tariffs and whether he’s likely to succeed.
Follow James K. Galbraith on Twitter
James K. Galbraith’s latest book
Read Aaron’'s work at The Grayzone here
Follow Aaron’s Substack here
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