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The Next Level

The Damage Can't Be Undone

The Next Level

The Bulwark

Politics, News, News Commentary

4.92.4K Ratings

🗓️ 9 April 2025

⏱️ 62 minutes

🧾️ Download transcript

Summary

Trump has no idea what he’s doing, and America’s financial standing in the world, as well as the security that comes with it, is forever diminished.

Note: Today’s episode of TNL was recorded before President Trump rescinded some of his tariffs, which the GOP then claimed was part of his brilliant plan all along. We think this commentary on the chaos, economic uncertainty and long term consequences of Trump’s tariffs still stands. Enjoy!

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Transcript

Click on a timestamp to play from that location

0:00.0

Hey guys, quick topper here before we get into TNL because right after we taped Donald Trump,

0:05.6

he bleated an update on the tariff situation, which we obviously talk a lot about on the show

0:12.1

where we're going to, you know, go harder at China, but he's doing this 90-day pause with everybody else

0:17.8

because, oh, you know, everybody is calling for him to negotiate.

0:21.6

As far as I'm concerned, it doesn't change that much of the conversation we just had because,

0:26.2

well, number one, this is Trump blinking.

0:28.3

But two, more importantly, our analysis really does reflect the fact that the ups and downs of the stock markets, the pauses, whatever,

0:37.0

it all reflects the same chaos

0:38.9

that makes it impossible to have an economy impossible for people to trust us. And so,

0:43.8

while I don't think it changes the main confers of the conversation, we did want to just say

0:48.0

that we taped before this had happened. And so with that context, enjoy the show.

0:55.0

Hello, everyone. It's JVL here with my best friends, Sarah Longwell and Tim Miller of the

1:01.4

bulwark. Great news. Great news.

1:05.2

Coal. Clean coal is back. Pharmaceutical tariffs are coming. That's on the on the road.

1:11.5

And as we are sitting to tape midway through Wednesday, the Dow Jones Industrial

1:18.0

average is even.

1:20.8

Huge.

1:21.8

So, I mean, I feel like we've really turned this thing around.

1:25.4

And all those people who were who were wet

1:29.1

in the bed about oh it's the worst three day run in stock market history like it guys just chill out

1:36.6

just chill out it's all good donnie's at the wheel he's got this so uh is that true is this good i don't that's that good i mean

1:49.1

that's that's that's that's that's the month bring that back to the last three hours sarah okay well

...

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