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The DSR Network

The Daily Blast: Trump Hit by Two Brutal Polls on Econ as GOP Tariff Panic Goes Nuclear

The DSR Network

Chris Cotnoir

Government

4.5 • 1.9K Ratings

🗓️ 1 April 2025

⏱️ 19 minutes

🧾️ Download transcript

Summary

President Donald Trump is set to announce that he’ll impose sweeping new global tariffs on imports, and Congressional Republicans are already scrambling wildly to try to shield their states and districts from the fallout. Meanwhile, a Fox News poll finds that Trump is sliding on the economy, with the public turning against tariffs in particular. And an Associated Press survey also has terrible news for Trump on this front. Notably, all these negative consequences kicked in well before the tariffs have even started. We talked to Jared Bernstein, former chair of President Biden’s Council of Economic Advisers and now a visiting scholar at Stanford, who has a new piece on his Substack predicting the consequences could be dire. He explains why the tariffs are so wrongheaded—and why they’re likely to cause major backlash against Trump and his party.  Looking for More from the DSR Network? Click Here: https://linktr.ee/deepstateradio Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the Daily Blast from the New Republic, produced and presented by the DSR Network.

0:16.5

I'm your host, Greg Sargent. By all indications, President Trump will announce this week that he'll impose sweeping new global

0:31.6

tariffs on imports across the board.

0:34.6

Though we don't know the details, congressional Republicans are already scrambling wildly

0:39.0

to try to protect their states and districts from the fallout. Meanwhile, a Fox News poll

0:44.7

finds that Trump is tanking on the economy, with the public turning against tariffs in particular,

0:50.6

and another poll from the Associated Press also has terrible news for the president on this front.

0:56.3

We feel compelled to point out that all of that negative fallout has already kicked in even

1:00.9

before the tariffs have started. So how much worse could this all get? We're talking about all this

1:06.9

today with Jared Bernstein, former chair of President Biden's Council of Economic Advisers,

1:12.3

and now a visiting scholar at Stanford. He has a new piece on his substact predicting the

1:17.0

consequences could be quite dire. Thanks for coming on, Jared. Thank you for inviting me.

1:22.4

It's a very important topic. Indeed. So the latest is that on Wednesday, on Liberation Day, as Trump says, he's scheduled to

1:30.7

announce his tariffs.

1:31.7

What do we know about what Trump's going to announce and what do you expect on the way

1:35.8

of specifics, Jared?

1:36.8

Well, the answer to what we know about what Donald Trump is going to announce is always

1:43.5

going to be vague by definition because he's just

1:46.3

been lurching around on this. But there's a possibility that we'll see higher tariffs on China,

1:52.9

tariffs on Canada and Mexico, on steel and aluminum, on auto parts and cars from many different places. And the largest increase

2:04.4

of it should occur would be reciprocal tariffs, and that would be on many different countries

2:09.0

with whom we trade. We are talking about across-the-board tariffs on Canada and Mexico, right?

...

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