Trump 2.0: Tariff Turnaround

The Journal.

The Wall Street Journal

Daily News, Business News, News

4.2 • 5.3K Ratings

🗓️ 11 April 2025

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Kate Linebaugh and Molly Ball go behind the scenes of the administration’s tariff pause. We dive deep with WSJ’s Josh Dawsey, exploring the tension in the days after the announcement and what really changed the president’s mind. Plus, your questions! Further Listening: - China Unleashes a Trade War Arsenal - The Tariff Trade Off: Jobs vs. Higher Prices - Wall Street Speaks Out Against Tariffs Sign up for WSJ’s free What’s News newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi, Molly.
0:07.6	Hey, Kate.
0:08.8	I know you're not surprised to see me here, but I'm here for Ryan.
0:13.1	Yeah, I was hoping you'd do like a Ryan impression, you know, like maybe you can like talk about basketball and I could be confused.
0:20.4	And the ducks? Yes, definitely
0:22.6	some Oregon references. Got to get that in here. But we're not going to do that. Anyway, great to have
0:28.1	you. How are you doing? I'm doing just fine. I'm a little bit exhausted from the tariff roller coaster
0:35.1	of the last week. It's been a lot. Indeed.
0:38.0	Since so-called Liberation Day when Trump announced sweeping tariffs, the markets tanked.
0:45.1	And then on Wednesday, Trump put in place a 90-day pause.
0:50.7	And the stock market shot up.
0:52.5	That's right.
0:53.6	So, Molly, what does this mean for Trump?
0:56.2	Politically, how is it playing out? Not great. We've now had several polls come out since Liberation Day.
1:03.7	All of these polls are showing that his approval rating on the economy specifically has tanked.
1:10.3	It's underwater. The tariffs are not
1:12.9	popular by big double-digit margins, 20, 30 points, with all kinds of voters. So yeah,
1:20.5	it's not going great. And is that why the pause button was hit? Well, we're going to talk
1:26.5	about that. It seems to have had less to do with the politics than with the markets.
1:31.9	That seems to have been what finally scared him straight.
1:39.4	From the Journal, this is Trump 2.0.
1:42.9	I'm Kate Linebaugh.
	...

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