Trump tariffs spark biggest stock losses since 2020

The Last Word with Lawrence O’Donnell

NBC News

Policy, Msnbc, Politics, President, Washington, Congress, Government, Senate, News

4.4 • 5.9K Ratings

🗓️ 4 April 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tonight on The Last Word: Consumers and businesses brace for the impact of Trump tariffs. Also, a federal judge considers holding Trump officials in contempt. And Rep. Chris Pappas launches his U.S. Senate campaign in New Hampshire. Rep. Gabe Amo, Michele Norris, Rep. James Clyburn, Adam Klasfeld, and Rep. Chris Pappas join Jonathan Capehart.

Transcript

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0:00.0	Now it is time for the last word with Jonathan Kephart in for Lawrence tonight.
0:04.2	Good evening, Jonathan.
0:05.2	Good evening, Amid.
0:06.3	Looking at us on the screen, this is literally going to be night and day in a month or so when our new shows start.
0:14.1	I can't get used to this.
0:15.9	Yeah, absolutely.
0:16.8	Although I have to say, I enjoy the evening shift a little better.
0:19.4	I'm not a morning person.
0:21.3	Well, see, then we both got the better end of the stick.
0:25.6	Amen, thanks very much.
0:26.8	Likewise, my friend.
0:29.4	Donald Trump deliberately waited until the market closed yesterday before announcing his plan to impose a 10% tariff on all foreign goods, in addition to more
0:39.3	reciprocal tariffs levied against other countries, including allies. And now we know why.
0:46.3	Today, the stock market suffered its biggest one-day loss since the start of the COVID-19 pandemic
0:52.0	in the first Trump term.
0:57.9	The Dow lost nearly 1,700 points.
1:00.3	The NASDAQ plunged 7%. And the S&P 500 dropped nearly 5%, wiping out $3.1 trillion in market value.
1:09.1	Now, that may be hard to grasp, unless you were planning on retiring soon and you just
1:15.7	saw your nest egg evaporate.
1:17.7	The very real money you took from your paycheck and put away in your retirement fund tanked
1:25.0	by Trump tariff chaos.
1:31.2	Donald Trump didn't seem too worried as he headed to Florida to golf today. The markets are going to boom. The stock is going to boom. The country is going to
	...

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