4.2 • 3.5K Ratings
🗓️ 27 March 2025
⏱️ 40 minutes
🧾️ Download transcript
On Point news analyst Jack Beatty looks ahead to April 2nd, what the Trump administration has dubbed Liberation Day, when an array of reciprocal tariffs go into effect.
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0:49.0 | Music I'm Megynchakrabardi, and this is The Jack Pod, where on-point news analyst, Jack Beattie, helps us connect history, literature, and politics in a way that brings his unique clarity to the world |
1:12.3 | we live in now. Hello there, Jack. Hello, Magna. We have made it to episode 72. What's your |
1:18.2 | headline? April Fool. Fool. Singular. Okay. Tell me more. Well, next Wednesday, April 2nd, President Trump will launch a trade war against pretty |
1:33.8 | much the world. |
1:35.8 | And to economists, Trump's plan to impose reciprocal tariffs on imports from countries that |
1:42.7 | tariff are goods represents a war against economics, |
1:47.7 | if not reason. Steve Leasman, the longtime business reporter for CNBC, spoke last week in such |
1:56.7 | this is nuts terms about a skirmish in Trump's war, slapping tariffs on Canada steel unless |
2:05.2 | Canada agrees to become the 51st state. And now he's saying he's putting 50% tariffs on |
2:11.8 | Canada unless they agree to become the 51st state. That is insane. There is just no other way of describing it. |
2:19.8 | And the trouble, Kelly, is that it shows there are no bounds around President Trump. |
2:25.7 | Yes, his colleague, Kelly Evans, whom he was speaking to there, suggested there might be method in Trump's madness. |
2:33.1 | Well, and we could go into the strategy of the insanity as a strategy in terms of our trading. |
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