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KCRW's Left, Right & Center

Market Madness: Do the best-laid plans sometimes get reversed?

KCRW's Left, Right & Center

KCRW

352865, News

4.24.8K Ratings

🗓️ 11 April 2025

⏱️ 51 minutes

🧾️ Download transcript

Summary

March Madness may have ended, but Market Madness went into effect shortly after Trump announced “reciprocal tariffs” — some over 100% — on imported goods from dozens of countries. Stocks plummeted. Republican figureheads like Ted Cruz spoke out against the sweeping plan. According to Trump, his move became a success once global leaders started offering new trade deals. Then, just hours after the tariffs went into effect, Trump declared a 90-day pause on most of them, excluding China. While the market is still on shaky ground, Trump says it bounced back due to his “master negotiations.” Is the everyday American feeling the relief he claims? 

Meanwhile, prices are still rising. Voters yearn for the days when households could survive on a single income and eggs didn’t cost an arm and a leg. Even with an unfavorable economy, Trump framed his initial tariff plan as a path back to the old American Dream. Is that still possible? Or are we blinded by nostalgia? 

However, it makes sense for voters to cling to the past when facing the political and economic uncertainty of the future. But how should we go about it? America’s got a complicated past. According to the culture wars, the right believes the “greatness” of the past focuses on economic prosperity, and the left says the “greatness” of the past came at the cost of certain minority groups. Do we need to resolve a definition of American greatness?


Transcript

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0:00.0

Hey, everybody, it's David Green, and I would like to welcome you to left, right, and center.

0:06.2

I'm with Sarah Isgar, who is here on the right.

0:08.4

Moa Lathie is here on the left.

0:10.5

And Sarah, I am sorry for your loss in March Madness.

0:14.9

You wanted Houston.

0:16.8

You called it.

0:17.6

They got so close.

0:19.8

You miss 100% of the shots you don't take.

0:23.5

That's true.

0:25.0

But I mean, what a wild ride.

0:27.0

Like beat Duke when it looked like they had had it lost and then lost to Florida when it looked like they had it won.

0:33.4

That's, yeah.

0:34.3

So you were as wrong as me and Mo in predicting the national champion. Let's just leave it at that.

0:40.2

Not as wrong. No. There's no trophy in this group for second place. Well, speaking of wild rides,

0:47.8

I wanted to talk about our politics, which has been kind of insane. What else is new? President

0:53.8

Trump's tariffs on much of the world,

0:57.2

I mean, including islands with a penguin population and no humans, actually went into effect.

1:02.3

The markets collapsed. And then we had this extraordinary turnaround this week. Trump hit pause on

1:07.4

most of the aggressive tariffs for 90 days. There's still a 10% tariff on most

1:12.9

countries. The market shot back up, though they still appear shaky, given the uncertainty.

1:18.0

But President Trump celebrated the market rebound. And he's also been bragging about world

1:23.3

leaders who he says have been coming to him and asking, can we please negotiate this?

...

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