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THE DAILY BLAST with Greg Sargent

“Horrifying”: Trump’s Weird, Confused Rant to Media as Markets Tanked

THE DAILY BLAST with Greg Sargent

The New Republic

News, Politics

4.4800 Ratings

🗓️ 4 April 2025

⏱️ 21 minutes

🧾️ Download transcript

Summary

After President Trump imposed sweeping tariffs on imports from all over the globe, prompting the markets to implode, he took a question about it on Thursday. He ranted and rambled delusionally about how everything is just great, bizarrely likened the country to a patient that had just undergone surgery without grasping why his metaphor is the opposite of reassuring, and spouted more nonsense about money pouring into our country. On top of all that, his imposition of the tariffs is likely an enormous and grotesque abuse of power. And because of this, the prospects for stopping them are not wholly nonexistent. We talked to congressional scholar Norm Ornstein, who walks us through how Congress can act, what Democrats can do to pressure Republicans to join in doing just that, and why Trump’s engaged in “horrifying folly.” Looking for More from the DSR Network? Click Here: https://linktr.ee/deepstateradio Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:31.5

I'm your host, Greg Sargent. President Trump has now imposed sweeping tariffs across imports from all over the globe,

0:47.4

prompting the markets to crater and experts to warn of a possible recession or even a depression.

0:53.7

Trump took a question about this on Thursday, shrugged about the cratering economy,

0:58.9

then jetted off to a golf tournament in Florida.

1:02.4

The tariffs themselves are bad enough, but what's also bad is that his imposition of them

1:07.9

is likely an enormous and grotesque abuse of power.

1:12.4

And because of this,

1:18.5

the prospects for stopping them via Congress or in the courts are actually not non-existent.

1:24.1

And we think Democrats should proceed right now as if they can, in fact, be stopped.

1:28.9

Today we're talking about all this with the person we always turn to when bewildering congressional procedural matters arise, veteran congressional scholar Norm Ornstein. Thanks for coming

1:35.0

back on, Norm. Always a pleasure, Greg. So Trump has imposed 10% tariffs on just about all

1:42.0

global imported goods, and on top of that, a lot of reciprocal

1:45.7

tariffs on a number of our leading trading partners. They're not even reciprocal at all,

1:50.7

really, but put that aside for now. It's an enormously reckless move. We'll throw the global

1:56.0

economy into turmoil. Peter Cheer, head of macro strategy at Academy Securities, says the tariffs are

2:02.5

shockingly high and inexplicable and a disaster. What do you think, Norm? They're inexplicably

2:09.7

high and a disaster. I agree, and obviously not only do the markets agree, but a whole lot of people in the business world agree.

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