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The Rest Is Politics: US

77. TRUMP BACKS DOWN - TARIFFS FROZEN

The Rest Is Politics: US

Goalhanger

News, Government, Politics

4.42.9K Ratings

🗓️ 9 April 2025

⏱️ 42 minutes

🧾️ Download transcript

Summary

Why has Donald Trump backed down on his global tariff war? Will Elon Musk rejoin the Democrats? Could Trump's trade war with China turn into a physical war? Join Katty and Anthony as they answer all of this and more. Become a Founding Member Support the podcast, enjoy ad-free listening, gain early access to our mini-series, and get a bonus members-only Q&A episode every week! Just head to https://therestispoliticsus.com to sign up today. Instagram: @RestPoliticsUS Twitter: @RestPoliticsUS Email: therestispoliticsus@goalhanger.com Assistant Producer: India Dunkley Video Editors: Kieron Leslie + Charlie Rodwell Producer: Fiona Douglas Senior Producer: Dom Johnson Head of Content: Tom Whiter Head of Digital: Sam Oakley Exec Producers: Tony Pastor, Jack Davenport Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:28.7

welcome to the rest is politics us i I am Anthony Scaramucci, and I'm bumping in here ahead of our original podcast. Right now, it is about 7 p.m. UK time. 2 p.m. here on the East Coast in the United States, there's a new announcement from the Trump

0:55.0

administration ever-changing, which is why we're bringing you this new information.

1:00.7

The president has capitulated on tariffs, a volatile trading session here in New York.

1:07.0

The Dow Jones is up over a thousand points right now. And my MAGA sources are telling me that

1:13.7

Secretary of Treasury Scapa sent, had a little bit of a face off with the president, said that he

1:21.3

was probably going to have to leave the administration if they didn't do something differently.

1:25.4

And so now it looks like he's got the ball on tariffs, and he is basically telling people,

1:32.9

we're going to suspend these now at least for 90 days, positive activity in the global markets.

1:38.8

Hopefully that will prevent some of the retaliation that's already been out there from the Western European leaders

1:47.4

and the Chinese.

1:49.1

And unfortunately not joining me at this moment is Miss One Arm Bandit herself, who's located

1:55.3

somewhere in an undisclosed casino location in Las Vegas, living it up right now. So she's not going to be joining

2:02.7

us for this intro here, my erstwhile partner, Katty Kay. But good news. And I'll just point out

2:09.6

three things I think are positive about this. The cooler, more rational heads are prevailing

2:14.9

in the Trump administration away from the Navarroes and the

2:18.4

Lutniks. Number two, I think House Republicans have also flexed here a little bit and said

2:25.1

that their very thin majority in the House is going to be jeopardized if they continue on this

2:31.8

course. And last but not least, in a personal face-off,

2:37.6

in a personal conflict, Donald Trump, being a conflict avoider, I think, did not want to have

2:43.4

this on his face here that Bassett was going to leave the administration as a result of these

...

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