‘Chaotic’ Policy: Janet Yellen & Lina Khan on Tariffs 4/14/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 14 April 2025

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

President Trump exempted consumer technology and components from his reciprocal tariffs on Friday, though by the end of the weekend, his advisors warned that those exemptions may not be permanent. Apple has reportedly increased its iPhone production in India to avoid the impact of the White House’s tariffs on goods imported from China. In an extended conversation, former Federal Reserve Chair and former Treasury Secretary Janet Yellen weighs in on the Trump administration’s tariff agenda, as well as the stability of U.S. treasurys. Former FTC Chair Lina Khan shares her own perspective on President Trump’s tariff agenda, and the two guests both align on one descriptor: chaotic. Khan, once the top antitrust watchdog, discusses the beginning of the FTC’s case against Meta, calling into question Facebook’s acquisitions of Whatsapp and Instagram. Janet Yellen - 17:25 Lina Khan - 35:47 In this episode: Lina Khan, @linamkhan Kelly Evans, @KellyCNBC Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:04.3	Hi, I'm CNBC producer Katie Kramer.
0:07.1	Today on Squawk Pod.
0:09.5	What is really happening here?
0:10.8	You guys feel like you know?
0:12.0	To put it bluntly, I have no idea.
0:14.6	Tariffs on, tariffs off.
0:16.4	Uncertainty is the name of the game.
0:18.2	Janet Yellen, former Treasury Secretary and former Fed chair on what's at risk.
0:22.3	This is really creating an environment in which households and businesses feel paralyzed by the uncertainty about what's going to happen.
0:33.3	It makes planning almost impossible.
0:35.7	And the economic damage that could be done.
0:38.1	There's good reason to believe that we're going to see a surge in inflation.
0:42.7	And the federal government versus meta, the blockbuster antitrust trial for the trillion-dollar
0:49.3	tech giant kicks off today.
0:51.2	Lena Khan, former head of the FTC, helped build the case what happened when Facebook
0:56.4	became so much more.
0:58.5	It resorted to this buy-or-berry scheme, where if it couldn't out-compete or rival, it either
1:03.8	bought them out or would cut them off its network.
1:07.4	Plus, laptop shopping with tariffs in mind.
1:10.3	You're back to what?
1:10.9	Back to the PC laptop.
	...

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