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Letters from an American

April 6, 2025

Letters from an American

Heather Cox Richardson

Politics, News, History

53.8K Ratings

🗓️ 8 April 2025

⏱️ 15 minutes

🧾️ Download transcript

Summary



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Transcript

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0:00.0

April 6th, 2025. After President Donald Trump's tariff announcements on April 2nd wiped $5 trillion from the stock market,

0:16.9

the Republican Party is scrambling. Farmers who were a part of Trump's base are struck and

0:23.8

shocked by the tariffs, the president of the South Dakota Farmers Union told Lauren Scott of CBC News,

0:30.3

saying they will have a devastating effect. Rob Copeland, Lauren Hirsch, and Maureen Farrell of the New York

0:37.1

Times report that Wall Street

0:39.1

leaders who backed Trump are now criticizing him publicly, with one calling for someone to stop him.

0:46.6

The size of yesterday's peaceful protests around the country, less than a hundred days into Trump's

0:52.7

term when he should be enjoying a honeymoon demonstrated growing fury at the administration's actions.

1:00.6

Yesterday, in the midst of the economic crisis and as millions of protesters gathered across the country,

1:07.2

the White House announced that the president won his second round matchup of the senior club championship today in Jupiter, Florida, and advances to the championship round tomorrow.

1:19.3

This afternoon, President Donald J. Trump posted a video of himself hitting a golf ball off a tea, perhaps as a demonstration that he is unconcerned

1:29.2

about the chaos in the markets. When Trump administration officials, Treasury Secretary Scott

1:35.4

Besant, Commerce Secretary Howard Lutnik, and National Economic Council Director Kevin Hassett,

1:41.7

appeared on this morning Sunday shows their attempts to reassure Americans

1:46.5

and deflect concerns also sounded out of touch. Besant, a billionaire, told Kristen Welker of

1:54.2

NBC's Meet the Press that the administration is creating a new, more secure economic system

1:59.7

and that Americans who have put away for years

2:02.3

in their savings accounts, I think don't look at the day-to-day fluctuations of what's happening.

2:07.6

He went on to suggest that the losses were likely not that significant and would turn out

2:13.0

fine in the long term. Lutnik insisted that the tariffs are about national security and bringing back

2:19.4

manufacturing, although the administration has frozen the Inflation Reduction Act funding for the

2:25.0

manufacturing President Joe Biden brought back to the U.S., overwhelmingly in Republican-dominated

...

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