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The Beat with Ari Melber

Trumps Tariffs Rejected by Markets and Most Americans

The Beat with Ari Melber

MSNBC

Government, Daily News, Politics, News

4.64.1K Ratings

🗓️ 8 May 2025

⏱️ 42 minutes

🧾️ Download transcript

Summary

MSNBC's Ari Melber hosts "The Beat" on Thursday, May 5, and reports on President Trump's unpredictable agenda that is upending markets, his barrage of lawsuits over frequently unlawful or unconstitutional orders and the new Pope. Plus, Al Sharpton and Al B. Sure! make a "Fallback" appearance. Aziz Huq and Catherine Rampell also join the show.

Transcript

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0:00.0

Welcome to the beat. I'm Ari Melburgh, and we're tracking several developments, including around the world.

0:05.4

We have now the first American-born Pope that follows a progressive pontiff there,

0:11.4

and we are going to track what that means for everyone coming up. You have Catholics and many others celebrating today.

0:16.9

We have that coming up later in the hour. Also later, Trump actually becoming his own worst enemy, as his words are quoted back to the lawyers trying to defend some of the deportation cases in that uphill battle. It is not going well. And we're looking at how what he says in public is haunting him in court. We begin, though, with the markets. We've had these recession

0:40.3

fears. We have a lot of Americans concerned about what they're living through, what they're

0:44.5

feeling in the problems with Donald Trump's trade war and tariffs. There's new polling that actually

0:50.9

shows this is not a left-right issue anymore, not one that goes half and half.

0:56.1

This is 75%, a big majority of Americans, concerned that the tariffs will juice prices.

1:02.9

61% want businesses to actually say when the tariffs are affecting prices.

1:08.3

Again, that's something the Trump administration has opposed.

1:11.0

There was some back and forth with different retailers about it. Trump was angry and posting

1:16.3

specifically about Amazon and Jeff Bezos about it. Ford raising prices on three different cars

1:24.5

today and saying that the trade war will cut into their profits by over a billion

1:30.9

dollars. These are the examples of what's been going. If you follow the news, some days it's the

1:35.3

top story, some days there's other things going on. If you turn on the financial news or the

1:38.9

read the Wall Street press, it's every day. Toyota says the decline's not going to be a couple points here, but rather

1:45.9

20%, a fifth of their total profits, all because of Donald Trump's decision to stick to these

1:51.9

tariffs. So it's not going well by all of those measurable ways to look at it. The American

1:59.9

businesses that we hear from, small, medium, and large,

2:02.8

say the tariffs are bad. Most governments view this as a kind of a very Trumpian specific escalation,

2:08.6

not something that was inevitable or the normal course of trade this year, just something that Trump

2:14.9

barreled right into. In fact, when I show you 75% of Americans concerned about the tariffs, you have to look

...

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