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Trump's "Liberation Day" Crashes the Stock Market

Fri, 4 Apr 2025

Description

Donald Trump's drastic new tariffs wreak havoc across the global economy, sending markets tumbling and powerful countries reconsidering their alliances—and it turns out they're based on fake math. Tommy and guest host Emma Vigeland, co-host of The Majority Report with Sam Seder, discuss how Democrats can turn Trump's disastrous "Liberation Day" into a win, Judge Susan Crawford's big victory in Wisconsin, and what Cory Booker's marathon filibuster can tell us about where the Democratic party needs to go. Then, Tommy breaks down Trump's tariffs with economics journalist James Surowiecki, who was the first to suggest that Trump's math didn't add up. Later, Tommy talks with former national security advisor and UN Ambassador Susan Rice about Signalgate, Trump appeasing Russia, RFK's assault on our public health, and more.

Audio
Transcription

What is the impact of Trump's tariffs on the global market?

2196.305 - 2233.813 Advertiser

This new entry door gives you endless options and is a great addition to your window replacement project for a new look to your entire home. Thank you Thank you.

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2256.323 - 2312.89 Tommy Vietor

Thank you. Thank you. Thank you.

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2320.814 - 2472.741 Emma Vigeland

Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you.

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2490.4 - 2579.182 Tommy Vietor

Thank you. Thank you. Thank you. Thank you. Thank you.

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2606.51 - 2980.893 Emma Vigeland

Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. ,,,,,,, ,,,,,,,,. P P P P P P P G實實,實, ,, ,, ,, , , , , , , , , , , , , , , , , , a sol a Oh, you know, she bought a new wardrobe. She got all excited. She was going to be in fancy New York City and turns out she's got to go back and be a representative.

2980.913 - 2984.258 Tommy Vietor

Back to Congress. So good. It makes me so happy.

2984.538 - 2989.224 Emma Vigeland

I'm sorry, but we've got to enjoy that schadenfreude. It's the only thing that we have going on.

2989.304 - 3003.907 Tommy Vietor

That's all we got. That's all we got. Well, let's talk about the Democratic Party, because ever since November, the Democratic Party, we've been engaged in some recriminations, some infighting. Yes. But also, I think a pretty good faith bit of soul searching about who we are and how to run going forward.

3004.127 - 3022.841 Tommy Vietor

And more recently, the debate has been less about policy or ideological lines and more about how hard to fight. So I assume you're on you're on team fight and team fight very hard. Of course. If so, what are you seeing out there that feels smart tactically or, I don't know, is just genuinely inspiring you?

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