Will today be the day for new tariffs?
Marketplace Morning Report
Marketplace
4.5 • 927 Ratings
🗓️ 21 January 2025
⏱️ 8 minutes
🧾️ Download transcript
Summary
Because yesterday wasn’t the day. Today, we’ll get to President Donald Trump’s executive orders right out of the gate. We’ll talk about what was included — including a hiring freeze on federal government workers — and what wasn’t. Plus, a national emergency on energy is meant to increase energy production, global economic leaders meet in Switzerland, and consumers continue to spend a lot but with a political divide.
Transcript
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| 0:00.0 | Is today the day Donald Trump will announce new tariffs because yesterday wasn't the day? |
| 0:06.8 | I'm David Brancaccio. Let's get right to President Donald Trump's executive orders right out of the gate. |
| 0:12.3 | Mark Goldwine joins us this morning. He's senior vice president and senior policy director at the committee for a responsible federal budget, a nonpartisan organization with |
| 0:21.8 | bipartisan roots. Mark, good morning. Good morning. Thanks for having me. Voters spoke early and |
| 0:28.0 | often about their anger over inflation. President Trump addressed inflation yesterday by, what is it, |
| 0:35.3 | directing every piece of the federal government to deal with it. I look for |
| 0:38.4 | details and didn't see details. What about you? No, I mean, so look, I wouldn't say he addressed |
| 0:44.0 | inflation, but in the other hand, I wouldn't say what he did was particularly strange, right? So a lot of |
| 0:48.4 | the executive orders you're going to see early on are sort of orders to start thinking about how to make orders. |
| 0:55.1 | And that's what this inflation one is. |
| 0:56.7 | Does it solve inflation? |
| 0:57.9 | Does it even reduce inflation? |
| 0:59.2 | No. |
| 0:59.7 | But might that get somebody in some agency to think a little bit more hard about not |
| 1:05.2 | worsening price increases or bringing them down? |
| 1:08.1 | Perhaps it could. |
| 1:09.1 | Either way, it's mainly sort of a statement of the |
| 1:11.2 | administration's priorities more than an actual change in policy. Now on federal government workers, |
| 1:17.4 | the president's getting strict on remote work for federal workers, but a hiring freeze, |
| 1:22.2 | including at the Internal Revenue Service, something you will have noted in the work you do. |
| 1:27.7 | Yeah, look, it's supposed to be temporary while they, quote, figure things out. |
| 1:30.8 | Overall, hiring freeze is an opportunity to save the government money. |
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