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The Excerpt

Trump defends tariffs amid market mayhem

The Excerpt

USA TODAY

Daily News, News

4.41.2K Ratings

🗓️ 7 April 2025

⏱️ 17 minutes

🧾️ Download transcript

Summary

What's next for the market response to tariffs?

USA TODAY Justice Department Correspondent Aysha Bagchi discusses why Trump's moves to punish law firms are causing alarm.

The Justice Department has suspended a lawyer who criticized the Trump administration in the deportation case of Kilmar Abrego Garcia.

USA TODAY Senior National Political Correspondent Sarah D. Wire talks about the potential implications of cuts for local libraries.

In our latest edition of 'Kind Time,' An MTA agent spreads kindness on the New York City subway.

UConn defeats South Carolina for the women's college basketball championship.

Let us know what you think of this episode by sending an email to [email protected].


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Transcript

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0:00.0

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0:06.7

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0:12.1

Dr. Stephen Hody's work has taken this knowledge further by attacking metastatic melanoma and kidney cancer through more than one pathway.

0:19.5

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Go to Danafarber.org slash stories and see how what we do here changes lives everywhere.

0:34.6

Good morning. I'm Taylor Wilson, and today is Monday, April 7th, 2025. This is the excerpt.

0:44.6

Today, what's next for the markets after tariffs? Plus how Trump's moves to punish law firms are

0:49.6

causing alarm, and we discuss what many librarians are worried about amid cuts.

0:56.2

All eyes will be on the markets this week after President Donald Trump's tariff announcement

1:00.1

last week since stocks tumbling. A selloff erased over $5 trillion in market value in the S&P 500

1:06.2

for the two trading days after Trump announced the tariffs. Economists have warned that Trump's tariffs have heightened the likelihood of a recession,

1:13.1

with one forecaster predicting it entirely.

1:15.7

Trump, meanwhile, last night, defended his massive tariffs that have rattled investors

1:19.4

telling reporters, quote,

1:21.1

sometimes you have to take medicine to fix something, unquote.

1:24.6

You can stay with USA Today.com and the excerpt throughout the week for ongoing

1:28.3

coverage of the tariff response. President Donald Trump's moves to punish law firms are causing

1:37.8

alarm. I spoke with USA Today, Justice Department correspondent Aisha Bogi for more.

1:43.3

Aisha, thanks for wrapping on.

1:44.4

Thanks for having me.

1:45.7

So, Isha, what have we seen with Trump going after law firms that challenge him?

1:49.8

I know he's kind of done so in a variety of ways.

...

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