When Trump Hit Pause & Amazon’s Andy Jassy 4/10/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 10 April 2025

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Just days after the White House shut down rumors of a potential pause on tariffs, the world reacts to a swift reversal. National Economic Council Director Kevin Hassett discusses the market’s reaction to President Trump declaring a 90-day pause on tariffs and how a spike in the bond market possibly changed negotiations. Plus, Amazon CEO Andy Jassy sits down in an exclusive interview at the company’s headquarters, saying he believes sellers will pass increased tariffs costs on to consumers. Meanwhile, Becky Quick revisited her 2019 conversation with Warren Buffett, Charlie Munger and Bill Gates discussing the then-latest developments in the U.S.-China trade talks and what they thought would benefit all parties involved. Watch the video from that discussion here. Kevin Hassett 25:37 Andy Jassy 47:07 In this episode: Andy Jassy, @ajassy Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

Click on a timestamp to play from that location

0:00.0	I'm CNBC producer Katie Kramer, and this is Squawk Pod.
0:08.3	Liberation Day plus one week, and now we're on a pause.
0:11.7	It was all in the plan, all part of the plan, and it was the art of the deal.
0:15.3	Oh, come on.
0:16.8	President Trump hitting the brakes on a tariff policy that spooked global markets.
0:21.1	Still, singling out China with a high rate, but reverting to a 10% baseline tariff for a 90-day negotiation period.
0:29.1	People now experience what it would be like, and now they were, you know, shaken to the core.
0:34.4	Now they're going to want to negotiate even more.
0:36.4	A lot of times it's not a negotiation until it is.
0:39.3	So the world's not actually changed that much this morning,
0:43.3	with the exception of the fact that I think the market now understands that Trump can blink.
0:49.3	Wall Street reacts with a sigh of relief,
0:52.3	notching a nearly 3,000-point jump for the Dow Jones
0:54.8	Industrial Average.
0:56.0	You watch this fast and furious and wow.
0:59.8	But demand for U.S. government bonds plunged, sending investors in that usual safe haven,
1:05.2	scrambling.
1:06.3	The president's top economic advisor Kevin Hassett answers, did the bond market lead to a change in policy?
1:12.4	There's no doubt that the Treasury market yesterday,
1:15.3	the decision that it's about time to move,
1:17.2	was made, I think, was perhaps a little more urgency,
1:20.1	but it was going to happen at any moment anyway.
	...

Transcript will be available on the free plan in 8 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.