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The NPR Politics Podcast

Trump's Tariff Tug Of War

The NPR Politics Podcast

NPR

Politics, Daily News, News

4.524.9K Ratings

🗓️ 10 April 2025

⏱️ 19 minutes

🧾️ Download transcript

Summary

After days of market turmoil, President Trump walked back some tariffs on some countries, but kept a near universal 10 percent tariff in place and increased tariffs on goods from China. What's behind the president's decision, and will markets continue to stomach such uncertainty?

This episode: White House correspondents Asma Khalid and Franco Ordoñez, and finance correspondent Maria Aspan.

The podcast is produced by Bria Suggs & Kelli Wessinger and edited by Casey Morell. Our executive producer is Muthoni Muturi.

Listen to every episode of the NPR Politics Podcast sponsor-free, unlock access to bonus episodes with more from the NPR Politics team, and support public media when you sign up for The NPR Politics Podcast+ at
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Transcript

Click on a timestamp to play from that location

0:00.0

On the Wild Card podcast, author John Green fights to be optimistic.

0:05.0

I keep learning again and again that hope is the right response to the human condition.

0:11.7

And I have to learn this over and over again because despair is an incredibly powerful force in my life.

0:18.8

I'm Rachel Martin. Join us for NPR's Wild Card Podcast, the show where cards

0:23.0

control the conversation. Hi, this is Emily from Fort Myers, Florida. My boss and I are dressed up as

0:29.8

George Washington ready to take on the local rotary club's cardboard boat regatta. This podcast was

0:36.5

recorded at 10.m. Eastern Time on Thursday, April 10th of 2025.

0:43.3

Things may have changed by the time you hear this, but hopefully our Durham boat has not sunk

0:48.3

to the bottom of the lake with us in it. Enjoy the show.

0:56.6

I so want to go to a regatta.

0:59.5

I thought you said you wanted to dress up as George Washington. I could see that for you,

1:02.2

Frank O'clock. I would do that, too. I'm done with it.

1:04.9

Hey there, it's the NPR Politics Podcast. I'm Asma Khalid. I cover the White House.

1:09.1

I'm Frank O'Ordanez. I cover the White House as well.

1:11.4

And today on the show, the tug of war over tariffs continues. And a quick flashback to last

1:17.3

week first, that's when President Trump's tariff policy went into effect on imported goods.

1:22.0

That was a universal 10% tariff on all countries. plus the threat of even higher tariffs.

1:28.2

Stock markets reeled from the news.

1:30.3

Other countries retaliated with tariffs of their own on American-made goods.

1:35.2

And now it looks like some of the president's tariffs are on pause.

1:39.8

So to help us make sense of all the twists and turns, we have called up a special guest, NPR's finance correspondent Maria Aspen. She's joining us from New York City. Hey there. Hey there. And this is your

1:49.0

first time in the show, right? So thank you so much. Yes. Very excited to be here. Welcome. Welcome.

...

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