4/3/25: Trump tariffs explode, Republicans panic, markets crash
The David Pakman Show
David Pakman
4.6 • 2.8K Ratings
🗓️ 3 April 2025
⏱️ 60 minutes
🧾️ Download transcript
Summary
-- On the Show:
-- Congressman Greg Casar (D-TX) joins David to discuss the future of the progressive movement, the disastrous Trump tariffs, the 2026 and 2028 elections, and much more
-- Donald Trump announces blanket global tariffs in a disoriented and confused outdoor White House event
-- Markets collapse as a result of Donald Trump's outrageous new tariff scheme
-- Some Senate Republicans turn on Trump, blocking his Canadian tariffs, as dissent grows
-- Karoline Leavitt, Donald Trump's White House Press Secretary, is unable to defend Donald Trump's new tariffs in a CNN interview with Kate Bolduan
-- Looking back at a clip of George W. Bush warning about exactly what Donald Trump is doing today is a stark reminder of how much the Republican Party has changed
-- On the Bonus Show: House Democrats join plant to force vote on ending Trump's tariffs, Eric Adams announces he will run as independent in NYC mayoral race, two mothers bring House to a half over push to allow proxy voting for new parents, much more...
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Transcript
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| 0:00.0 | Welcome to the show, my friends. |
| 0:09.0 | We have been liberated. |
| 0:11.0 | Yesterday was the great American liberation day in which Donald Trump imposed tariffs on the world. |
| 0:18.0 | And we are now all winning. |
| 0:20.0 | Yes. Wow. Yes. |
| 0:21.6 | Wow. |
| 0:23.6 | No, very much not what is going on. |
| 0:27.6 | We will get in a moment to what is happening in American stock markets, but first we have |
| 0:33.6 | to talk about what happened yesterday. |
| 0:36.6 | Now, if you're trying to understand what is the economic justification for Donald Trump |
| 0:43.6 | announcing and putting in place global tariffs, there is no economic justification. |
| 0:50.2 | It's of critical importance that we understand these actions as political and as personal |
| 0:57.6 | for Donald Trump about ego and self-aggrandizement and seeming strong. |
| 1:04.6 | But there is no economic justification. |
| 1:08.2 | We will dig into that in more detail in a moment. Donald Trump telling us yesterday |
| 1:13.2 | at this signing that he wants to take us back to 1789. From 1789 to 1913, we were a tariff |
| 1:24.0 | back nation and the United States was proportionately the wealthiest it has ever been |
| 1:29.0 | so wealthy in fact that in the 1880s they established a commission to decide what they were |
| 1:35.7 | going to do with the vast sums of money they were collecting. We were collecting so much money so fast, |
| 1:40.8 | we didn't know what to do with it. Isn't that a nice problem to have? What |
| 1:44.4 | do you think, Marco, good problem? So there it is. He wants to take us back to 1789. I guess he |
| 1:50.9 | wants to take stock market values back to 1929. But what we came to understand during this bizarre |
... |
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