Meet the Press NOW – April 9

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3.8 • 3.7K Ratings

🗓️ 9 April 2025

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rep. Mark Pocan (D-Wis.) reacts to President Trump announcing a 90-day pause on tariff hikes on most countries as the markets recover from a week of turmoil. Former U.S. Ambassador to China Gary Locke weighs in on Trump increasing tariffs on China. Stephen Hayes, Cornell Belcher and Tamara Keith discuss how lawmakers and voters are reacting to the president’s trade policies.

Transcript

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0:00.0	Welcome to meet the press now. I'm Kristen Welker on a day of total whiplash in Washington and on Wall Street after President Trump's stunning backtrack announcing a 90-day reduction in tariffs for countries that are negotiating
0:21.9	with the administration, despite just two days ago publicly vowing that such a pause would not
0:26.9	happen. Stocks soared on the news with their biggest one-day rally since 2008. The Dow rose
0:33.1	roughly 3,000 points in 8% gain. The S&P and NASDAQ also racked up huge gains.
0:40.1	This is a time lapse of the day. You can see the moment the president made the announcement
0:44.2	via his truth social account just after 1.15 p.m. surges, still markets are lower than they
0:51.2	were before Trump made the tariff announcement last week, what he dubbed
0:54.8	Liberation Day. At the same time, as the president announced the rollback for many nations,
1:00.0	he also announced a stunning 125 percent tariff on all Chinese imports in response to Beijing's
1:06.9	retaliation and defiance. Shortly after announcing his rollback, President Trump acknowledged his initial announcement
1:13.6	caused some economic anxiety.
1:16.6	People were jumping a little bit out of line.
1:20.6	They were getting yippy, you know?
1:22.6	They were getting a little bit yippy, a little bit afraid, unlike these champions, because
1:28.4	we have a big job to do.
1:29.7	No other president would have done what I did.
1:31.6	No other president.
1:32.6	The bond market right now is beautiful.
1:35.3	But yeah, I saw last night where people were getting a little queasy.
1:38.6	You have to have flexibility.
1:41.3	I could say, here's a wall, and I'm going to go through that wall, I'm going to go through it, no matter what, keep going and you can't go through the wall.
1:49.0	Sometimes you have to be able to go under the wall, around the wall, or over the wall.
	...

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