MeidasTouch host Ben Meiselas reports on Donald Trump crashing the markets and Meiselas interviews Democratic leader Hakeem Jeffries on Trump’s disastrous economic policy. Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast Legal AF: https://www.meidastouch.com/tag/legal-af MissTrial: https://meidasnews.com/tag/miss-trial The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast The Influence Continuum: https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan Mea Culpa with Michael Cohen: https://www.meidastouch.com/tag/mea-culpa-with-michael-cohen The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show Burn the Boats: https://www.meidastouch.com/tag/burn-the-boats Majority 54: https://www.meidastouch.com/tag/majority-54 Political Beatdown: https://www.meidastouch.com/tag/political-beatdown On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Uncovered: https://www.meidastouch.com/tag/maga-uncovered Coalition of the Sane: https://meidasnews.com/tag/coalition-of-the-sane Learn more about your ad choices. Visit megaphone.fm/adchoices
Full Episode
The markets are tanking right now after Donald Trump announced across the board tariffs on the world, something he called Liberation Day. The Dow futures as of this recording are down more than 1000 points. The S&P is down about 3.7%. The Nasdaq is down almost 5%. This is
unprecedented market crashes right now and the white house doubling tripling down their official rapid response account saying liberation day and they're posting all the countries that are being tariffed worse which is every country basically we're seeing headlines like this from barons the stock market pain is just getting started this is how you sabotage the world's economic engine
And Treasury Secretary Scott Besson does the following, advising countries not to panic, not to retaliate right there. And then from Fitch, we have this is a game changer, not only for the US economy, but for the global economy. Many countries will likely end up In a recession, you can throw most forecasts out the door if this tariff rate stays on for an extended period of time.
From CNBC, the market reaction after hours. I've never seen anything like this. Worse than anybody expected. This is what Donald Trump said moments ago in this horrific press conference. Let's play it.
At the same time, we will establish a minimum baseline tariff of 10%. You notice that on the chart? And that'll be on other countries to help rebuild our economy and to prevent cheating.
So we're going to have a minimum of cheating and we're going to be very severe on the people at the gate that watch the tariffs and watch the product coming in because there's been a lot of bad things happening at the gate.
Let's bring in democratic leader, Hakeem Jeffries. Leader Jeffries, what do you make of all of this?
To be with you, man, you know, Donald Trump is a complete and total disaster on all the things. But at this moment, as it relates to the economy, this is someone who spent all of last year promising to address the high cost of living in the United States of America. In fact, he said that costs are going to go down on day one of his presidency. That's not happening.
In fact, costs aren't going down. They're going up. Inflation is going up. As you pointed out, what's happening is that the stock market is collapsing. And what that means is that the retirement savings of everyday Americans are disappearing by the hour. And this is all because of Trump's reckless mismanagement of the economy. And now these tariffs are
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