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🗓️ 31 July 2025
⏱️ 53 minutes
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0:00.0 | Good evening. I'm Amna Nawaz. |
0:06.0 | And I'm Jeff Bennett. On the news hour tonight, President Trump extends the deadline for a tariff deal with Mexico by another 90 days. |
0:14.0 | Fueling speculation, he could announce pauses for other countries ahead of his Friday deadline. |
0:19.0 | A record number of Senate Democrats support a failed bid to block weapons sales to Israel. |
0:24.6 | And the latest on the Jeffrey Epstein scandal as the president tries to shift focus and the Justice Department faces mounting pressure to release all the case files. |
0:34.6 | There's still not a real good answer as to why some of this material can't be released. |
0:40.3 | Welcome to the News Hour. With just hours to go before President Trump's own deadline, dozens of countries are facing the possibility of significant new tariffs that could go into effect tomorrow. In some cases, as high as 50%. But once again, there's uncertainty around the deadline and the range of responses from the administration. |
1:11.8 | Today, the president announced a 90-day extension from Mexico in order to reach a broader agreement. |
1:17.0 | At the same time, the president has announced agreements with other allies, including South Korea, |
1:22.7 | which agreed to pay 15% tariffs on its exports and invest $350 billion in the U.S. It would purchase |
1:30.2 | $100 billion more in U.S. energy as well. In some cases, the president has ramped up threats, |
1:36.2 | including against Canada. Trump was asked today whether he and Prime Minister Mark Carney |
1:41.1 | could reach a deal. He's called and we'll see, but we have made a few deals today that are excellent deals for the country. |
1:50.0 | You know, we're taking in literally trillions of dollars for the country. |
1:53.0 | This is making our country very rich and respected again. |
1:58.0 | Joining us now is Jason Furman's economics professor at the Harvard Kennedy School and the former head of the Council of Economic Advisors to President Obama. |
2:07.7 | Jason, welcome back to the News Hour. Thanks for joining us. |
2:10.4 | Great to be with you. |
2:11.4 | So when we spoke last in April about tariffs and all the uncertainty around them. You said the question wasn't if inflation and |
2:19.1 | unemployment would go up. It was how much? I should point out in your latest op-ed for the New York |
2:24.0 | Times, this is the title. It's the tariffs kicked in, the sky didn't fall. Were the economists wrong? |
2:31.0 | So that's the question I'll put to you. Were you and they wrong? |
... |
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