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The Playbook Podcast

March 6, 2025: Is Trump’s trade war an own goal?

The Playbook Podcast

POLITICO

News, Daily News, Politics, Government

3.9699 Ratings

🗓️ 6 March 2025

⏱️ 10 minutes

🧾️ Download transcript

Summary

President Donald Trump’s tariff regime is blooming before our eyes. That may delight his MAGA base, but it’s causing agita in the broader electorate, as Americans face the near inevitability of higher prices for the foreseeable future and businesses struggle to keep up with the head-spinning turn of events. Is there a point at which the political reality will overwhelm Trump’s tariff ambitions and cause him to at least reconsider the path he’s chosen? White House reporter Megan Messerly joins chief Playbook correspondent Eugene Daniels to talk through the possibilities.

Transcript

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0:00.0

Presented by BP.

0:05.5

Hey, good morning. It's Chief Playbook correspondent Eugene Daniels. It is Thursday, March 6th.

0:11.7

Here is what's driving the day. Here in Washington, Congress's top appropriators are finalizing

0:17.7

a bipartisan agreement on overall government funding totals.

0:21.3

That comes even as House Republican leaders forge ahead with a different plan,

0:25.5

one that President Donald Trump has endorsed to avoid a government shutdown ahead of the March 14th deadline.

0:31.6

As a reminder, that's just one week from tomorrow.

0:36.2

Basically, to avoid a shutdown, there are a few options on the table.

0:40.3

One is to pass a short-term continuing resolution that would last a few weeks as a longer-term

0:45.5

deal takes shape. But the other, which Trump prefers, would be a full-year CR that would keep

0:52.4

the military and non-defense agencies operating on flat funding levels

0:56.5

through September 30th, which is the end of the current fiscal year. House Republicans want to

1:01.7

try that second option, but it's not clear that they have the votes. Watch for this to occupy

1:06.3

a lot of the chatter on Capitol Hill today as members scramble to try and avoid a potentially,

1:12.1

politically, costly shutdown. Trump's sledgehammer approach to the presidency has already

1:17.2

reshaped life in Washington, D.C., but it's rapidly shifting the global economic landscape,

1:22.6

too. Witness the trade warp that has erupted this week after Trump imposed 25% tariffs on Canada

1:29.0

and Mexico, which threatened to kneecap the economies of the U.S. top two trading partners.

1:35.7

Yesterday, Canadian Prime Minister Justin Trudeau spoke with Trump in a quest to end the tariffs,

1:40.7

and though the conversations continue, they haven't yielded results quite yet, with one notable exception.

1:47.1

The White House announced a 30-day delay in tariffs on the auto industry, a temporary reprieve ahead of further reciprocal tariffs taking in on April 2nd.

1:57.6

But those tariffs aren't simply pain points for our neighbors to the north and the south.

...

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