4.5 • 664 Ratings
🗓️ 14 April 2025
⏱️ 41 minutes
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0:00.0 | Well, it's been a hell of a ride for the U.S. economy over the last few weeks. |
0:13.2 | I mean, this past week began with the stock market continuing its nose dive because of Donald |
0:18.3 | Trump's kind of weird obsession with putting in place tariffs based on a completely made-up formula. |
0:24.1 | Then on Wednesday, he abruptly pulled back on the most egregiously high tariffs on most countries for 90 days, |
0:30.9 | but left a 10% tariff across the board on all of them. |
0:34.2 | Then he jacked up tariffs on China to 145% before announcing an exemption for |
0:39.8 | smartphones, flat screen TVs, and semiconductors late Friday night. And then it continued to |
0:45.6 | get more confusing because just this morning his commerce secretary said this quote is not like |
0:51.4 | a permanent sort of exemption, whatever that means. |
0:55.2 | So there's a little bit of a pattern here. |
0:57.0 | He's going too far and then he's caving and it's all a little uncertain and murky. |
1:01.7 | But it's important to remember that even with all these walkbacks, prices on everything |
1:06.0 | from clothes to toys to appliances are still going to be much higher for everyone. |
1:11.8 | And in less than 90 days, Trump could have a brand new chart with a brand new fake equation, |
1:16.5 | and we could be right back at square one. |
1:19.8 | The point being that, unfortunately, we are not quite out of the woods yet with all the tariffs. |
1:25.0 | One of the things that really stuck out to me this week |
1:27.6 | was how Trump announced his reversal on tariffs, |
1:30.6 | or his semi-reversal, I should say. |
1:33.1 | It all began Wednesday morning when he issued something |
1:35.9 | of a stock tip from the White House. |
1:38.6 | In all caps, he said, quote, |
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