Understanding President Trump’s new tariffs: Why trust is the most important resource we have
The Daily Article
The Denison Forum
4.9 • 576 Ratings
🗓️ 4 April 2025
⏱️ 9 minutes
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Summary
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On Wednesday, President Trump levied unprecedented tariffs on more than 180 countries around the world, with the stock market experiencing tremendous drops and losing roughly $2 trillion in value the next day. But while no one was really quite sure how much of a hit the market would take when the day began, Trump had been warning that there would be a painful adjustment period. He just also claimed—and continues to claim—that it will be worth it in the end. So what do the new tariffs mean and how is all of this likely to turn out?
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Transcript
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| 0:51.2 | It's Friday, April 4th, 2025, and this is Denison Forum's daily article podcast. Welcome. |
| 0:59.7 | I'm Chris Elkins, narrating today's daily article written by our senior editor for theology, Dr. Ryan Denison. |
| 1:09.1 | Quote, the operation is over. the patient lived, and is healing. |
| 1:13.3 | The prognosis is that the patient will be far stronger, bigger, better, and more resilient |
| 1:19.3 | than ever before. |
| 1:20.9 | End quote. |
| 1:21.9 | That is how President Trump described the state of the economy and the nation in the wake |
| 1:27.3 | of the unprecedented tariffs |
| 1:29.5 | levied on more than 180 countries around the world late Wednesday afternoon. |
| 1:35.4 | This is despite the stock market experiencing tremendous drops and losing roughly |
| 1:40.4 | $2 trillion in value on Thursday. But while no one was really quite sure how much of a hit |
| 1:47.4 | the market would take when the day began, Trump had been warning that there would be a painful |
| 1:52.3 | adjustment period. He just also claimed, and continues to claim, that this will all be worth it in the |
... |
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