April 3, 2025: Trump sets off a global trade war
The Playbook Podcast
POLITICO
3.9 • 699 Ratings
🗓️ 3 April 2025
⏱️ 12 minutes
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| 0:00.0 | Presented by BP. |
| 0:05.4 | Hello, good morning. This is Playbooks Managing Editor and author Jack Blanchard. It is Thursday, |
| 0:11.1 | April 3rd. And what's driving the day, of course, is all the fallout from last night's big |
| 0:16.4 | tariffs announcement, Liberation Day itself. Donald Trump in the Rose Garden, unveiling his plans for the global economy. |
| 0:23.8 | Other stuff happening today as well. |
| 0:25.9 | There's a big moment happening over in Congress as the Senate tries to move forward with its budget plans, or at least the GOP side of the Senate it does. |
| 0:33.6 | And there's some big decisions to be made in the White House against days. |
| 0:36.6 | Donald Trump needs to figure out what he's going to do about TikTok. He needs to figure out what he's going to do about Elon Musk, who appears to now be a significant drag on the Republicans' political fortunes. And he needs to figure out what he's going to do about his national security adviser, Mike Waltz, who Politico revealed yesterday, has been using Signal, more than just the one time that we learned about in Signalgate. |
| 0:56.7 | And the reporter who broke that story yesterday, Dasha Burns, our White House Bureau chief, is with me now. |
| 1:02.2 | Hello, Dasha. How are you doing? |
| 1:03.9 | You know, it was a big day yesterday. I'm still recovering, I got to tell you. |
| 1:10.3 | I can imagine breaking big scoops in the morning and then dashing off to cover the terrace thing in the afternoon, which was your great story. We should talk about the White House and the Rose Garden first. You were there in the Rose Garden, were you yesterday? It was freezing cold. It looked freezing cold. I was watching Donald Trump's hair blowing around thinking, he normally wears a cap when it's kind of cold like that and windy. And I was wondering if he was going to have a bit of a moment. But he had he had props, though, so it was okay. He did have props. He had that incredible big chart that he was waving around. This is not normally how major economic global moments happen in this sort of showbiz style press conference, |
| 1:47.9 | but it felt like a very Donald Trump approach to changing the world economy. |
| 1:51.8 | Yeah, I was going to say, it is now. It is now. Of course, that chart was brought up by none other than Howard Lutnik, |
| 1:57.1 | the Commerce Secretary, who has been the biggest proponent of Liberation Day. And |
| 2:02.3 | according to our reporting, has been the person behind the scenes pushing Trump to be as aggressive |
| 2:07.5 | as possible on these tariffs, even though the president said they were kind reciprocal |
| 2:12.6 | tariffs because they weren't fully reciprocal. So he acknowledged that he maybe could have gone further, |
| 2:18.8 | but kind of held himself back just a tad, although I don't know that the markets necessarily |
| 2:24.3 | calculated that piece of it in. Yeah, I'm not sure if all of the training partners of the United |
| 2:28.8 | States will agree with the assessment he made that they were kind of tariffs. A 10% universal |
| 2:33.6 | tariff, much, much bigger tariffs for other nations. |
... |
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