“Horrifying”: Trump’s Weird, Confused Rant to Media as Markets Tanked
THE DAILY BLAST with Greg Sargent
The New Republic
4.4 • 800 Ratings
🗓️ 4 April 2025
⏱️ 21 minutes
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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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