Trump's Tariffs Cause Stock Market Melt Down | David Dayen | TMR
April 6, 2025
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1:15:12Now PlayingTrump's Tariffs Cause Stock Market Melt Down | David Dayen | TMR
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Live-streamed on April 4, 2025
David Dayen from The American Prospect and Organized Money podcast joins to talk about Trump’s tariff-pocalypse.
David Dayen then joins to tackle the myriad insanities that led to Trump’s imposition of these tumultuous tariffs, walking through the nonsensical (and potentially AI-generated) formula Trump used to calculate them and the utter dearth of any complementary incentive structure or strategic targeting to go the tariffs, all suggesting that they’re perhaps more grounded in an attempt to bully and punish the rest of the world economically while working-class Americans pay the cost. After expanding on the Bessent “box” theory of Trump’s tariff agenda, Sam and David get in some solid digs at Schumer as they touch on Congress’ ongoing attempt to take back tariff power and ponder the future of a GOP turn on Trump’s economic sabotage, before unpacking what to expect from to the GOP’s ongoing budget reconciliation push. Wrapping up Dayen posits a strong theory on a Conservative push to use rising prices amid tariffs to justify tax cuts, before watching some open criticisms of Trump from Ron Johson and Ted Cruz.
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