4/3/25: Trump tariffs explode, Republicans panic, markets crash

The David Pakman Show

David Pakman

News, Politics

4.8 • 6.2K Ratings

🗓️ 3 April 2025

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

-- On the Show: -- Congressman Greg Casar (D-TX) joins David to discuss the future of the progressive movement, the disastrous Trump tariffs, the 2026 and 2028 elections, and much more -- Donald Trump announces blanket global tariffs in a disoriented and confused outdoor White House event -- Markets collapse as a result of Donald Trump's outrageous new tariff scheme -- Some Senate Republicans turn on Trump, blocking his Canadian tariffs, as dissent grows -- Karoline Leavitt, Donald Trump's White House Press Secretary, is unable to defend Donald Trump's new tariffs in a CNN interview with Kate Bolduan -- Looking back at a clip of George W. Bush warning about exactly what Donald Trump is doing today is a stark reminder of how much the Republican Party has changed -- On the Bonus Show: House Democrats join plant to force vote on ending Trump's tariffs, Eric Adams announces he will run as independent in NYC mayoral race, two mothers bring House to a half over push to allow proxy voting for new parents, much more... 😬 Remi mouth guards: Get up to 50% OFF with code PAKMAN at https://shopremi.com/pakman 🧽 Blueland: Get 15% OFF sustainable cleaning products at https://blueland.com/pakman 🪟 3 Day Blinds: Buy one get one 50% OFF at https://3dayblinds.com/pakman -- Become a Member: https://davidpakman.com/membership -- Become a Patron: https://www.patreon.com/davidpakmanshow -- Get David's Books: https://davidpakman.com/echo -- TDPS Subreddit: http://www.reddit.com/r/thedavidpakmanshow -- David on Bluesky: https://davidpakman.com/bluesky -- David on Facebook: http://www.facebook.com/davidpakmanshow Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the show, my friends.
0:09.0	We have been liberated.
0:11.0	Yesterday was the great American liberation day in which Donald Trump imposed tariffs on the world.
0:18.0	And we are now all winning.
0:20.0	Yes. Wow. Yes.
0:21.6	Wow.
0:23.6	No, very much not what is going on.
0:27.6	We will get in a moment to what is happening in American stock markets, but first we have
0:33.6	to talk about what happened yesterday.
0:36.6	Now, if you're trying to understand what is the economic justification for Donald Trump
0:43.6	announcing and putting in place global tariffs, there is no economic justification.
0:50.2	It's of critical importance that we understand these actions as political and as personal
0:57.6	for Donald Trump about ego and self-aggrandizement and seeming strong.
1:04.6	But there is no economic justification.
1:08.2	We will dig into that in more detail in a moment. Donald Trump telling us yesterday
1:13.2	at this signing that he wants to take us back to 1789. From 1789 to 1913, we were a tariff
1:24.0	back nation and the United States was proportionately the wealthiest it has ever been
1:29.0	so wealthy in fact that in the 1880s they established a commission to decide what they were
1:35.7	going to do with the vast sums of money they were collecting. We were collecting so much money so fast,
1:40.8	we didn't know what to do with it. Isn't that a nice problem to have? What
1:44.4	do you think, Marco, good problem? So there it is. He wants to take us back to 1789. I guess he
1:50.9	wants to take stock market values back to 1929. But what we came to understand during this bizarre
	...

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