Trump's trade war goes big

Here & Now Anytime

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4.1 • 953 Ratings

🗓️ 3 April 2025

⏱️ 31 minutes

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Summary

Can tariffs be an effective economic tool? Former U.S. Trade Rep. Katherine Tai says yes, when used strategically. Tai explains what President Trump's sweeping new tariffs mean for American consumers. And, Mark DiPlacido, a policy adviser at the conservative think tank American Compass, makes the case for why Trump's new tariffs make sense. Then, mayors in U.S. cities are standing with Canadian mayors against Trump's tariffs. Daniel Rickenmann, Republican mayor of Columbia, South Carolina, and Mark Sutcliffe, mayor of Ottawa, Ontario, break down what this means for their economies.

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0:00.0	Support for here and now anytime comes from MathWorks, creator of MATLAB and Simulink software for technical computing and model-based design.
0:09.2	MathWorks, accelerating the pace of discovery in engineering and science. Learn more at MathWorks.com.
0:17.5	WBUR Podcasts, Boston.
0:23.0	My fellow Americans, this is Liberation Day, waiting for a long time.
0:29.6	How's everyone feeling? Pretty liberated?
0:34.5	It's Thursday, April 3rd, and this is here and now anytime from NPR and WBUR.
0:40.2	I'm Chris Bentley.
0:54.0	Today on the show, tariffs, tariffs, tariffs.
0:55.9	President Trump has been clear for months that he wants to wage a global trade war with import taxes.
1:02.0	And yet yesterday's announcement still came as a shock to many.
1:05.9	Some traders apparently didn't believe he was serious.
1:09.1	Others were surprised at just how big he went.
1:12.6	We'll get a few reactions to the dawn of this post-Liberation Day economy,
1:16.9	including from one trade analyst with a rosy view.
1:19.9	I think this is exactly what they voted for when they voted for the president.
1:23.1	He ran on a platform of transforming the economy.
1:27.1	And we'll hear from two mayors in the U.S. and Canada
1:30.0	who are looking to protect their local economies.
1:33.0	I know a lot of Americans think of Canadians as nice, polite people, and we are.
1:37.2	But, you know, we're not going to back down when there's a situation like this.
1:40.9	We are going to fight back.
1:46.2	First, let's back up. Just what are these new tariffs? Well, tariffs are taxes on imports.
	...

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