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What Economists Think of Trump’s Tariffs

Start Here

ABC News

Politics, Daily News, News

4.66.1K Ratings

🗓️ 7 April 2025

⏱️ 31 minutes

🧾️ Download transcript

Summary

President Trump’s worldwide tariffs start taking effect, in the face of protests and stock market plunges. A federal judge issues a deadline for the Trump administration to recover a deportee sent to El Salvador. And a second child dies of measles in Texas.  Did you hear? Brad's hosting a new show for the true crime-obsessed called "The Crime Scene Weekly." Each week, "The Crime Scene" focuses on what everybody's talking about in true crime -- from what your favorite podcasts are covering, to what's taking over our TikTok feeds. Follow the show on Apple Podcasts, Spotify, Amazon Music, or wherever you listen. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

It's Monday, April 7th, and the dive might not be done. We start here.

0:06.0

With markets plunging and opponents protesting, the Trump tariffs began taking effect.

0:13.0

I think what's really happening is that Donald Trump hates trade deficits.

0:18.0

So what is the president's vision and why do so many economists say it doesn't add up?

0:23.6

The administration says it's impossible to get him back.

0:26.6

A judge has ordered them to do it anyway.

0:29.6

In a blink of an eye, our three children's lost their father.

0:33.6

A new potential standoff in federal court, and a second child dies of measles in Texas.

0:39.8

If someone has measles and they're in a room, hours later, someone else could walk through that same room and contract the disease.

0:46.5

Two doesn't make a trend, but health experts say it likely isn't the last.

0:52.9

From ABC News, this is Start Here.

0:56.0

I'm Brad Milkey.

1:00.7

It's only been a few days since President Trump's Rose Garden speech on tariffs,

1:09.6

but the impact has been difficult to overstate.

1:13.9

Thursday was the worst day of the year for stocks, but then Friday was even worse. In two days now,

1:20.2

the stock market has wiped out $2.7 trillion worth of value, and guess what, futures are down for today. All the analysts I've

1:29.0

been talking to the past few days believe more volatility is to come. There's no real compelling

1:33.8

reason here to jump back into stocks with still so much uncertainty. It goes beyond the market, too.

1:39.9

This has become a political flashpoint. Hands off. Hands off. Hands off.

1:44.7

On Saturday, huge crowds gathered in what were called hands off rallies nationwide protesting

1:52.4

the Trump administration's policies.

1:54.6

Our founders wrote a constitution that does not begin with we the dictators.

...

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