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The Indicator from Planet Money

Dealmaker Don v. Tariff Man Trump

The Indicator from Planet Money

NPR

Business

4.79.2K Ratings

🗓️ 23 April 2025

⏱️ 12 minutes

🧾️ Download transcript

Summary

Donald Trump grew up learning to make deals. He's also loved tariffs since the 1970s.

So are his market-shaking tariffs a bargaining chip? Or are they here permanently?

We go all the way back to Trump's childhood to try to figure out if Dealmaker Don or Tariff Man Trump is in charge.

Marc Fisher's book with Michael Kranish is Trump, Revealed.

Related episodes:
What's so bad about a trade deficit? (Apple / Spotify)
Why there's no referee for the trade war (Apple / Spotify)
Tariffied! We check in on businesses (Apple / Spotify)

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Transcript

Click on a timestamp to play from that location

0:00.0

NPR. This is the indicator from planet money. I'm Terry in Woods. And I'm Whalen Wong. Throughout

0:16.3

President Donald Trump's career, he's held all kinds of positions on taxes and social issues.

0:21.7

One constant, though, has been tariffs.

0:24.2

He talked about tariffs a lot during his campaign.

0:26.6

So it wasn't surprising that he followed through on tariffs as president.

0:30.7

What was surprising to the world was the scale of those tariffs announced in early April.

0:35.9

Global markets plummeted.

0:38.9

And the fundamental question, everyone's trying to understand is, are the tariffs a bargaining chip?

0:44.8

Or are they here permanently?

0:46.8

Is the president dealmaker done or tariff man Trump?

0:51.2

Inside the president is two wolves.

0:53.7

We go all the way back to Trump's childhood to try to figure out which one's in charge.

0:58.0

My conversation with the Trump biographer after the break.

1:02.7

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1:07.3

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1:14.9

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1:20.0

The scary new movie, Sinners, from the director of Black Panther, finds Michael B. Jordan playing twin brothers.

1:25.9

It's got vampires, it's got great music, and it's a fun one to see with a big crowd.

1:30.7

This is the most excited I've been about a movie in a very long time. We'll tell you why you should see sinners on the biggest screen you can.

1:38.1

Listen to the Pop Culture Happy Hour podcast from NPR. These days, there is a lot of news. It can be hard to keep up with what it means for you, your family, and your community. Consider this from NPR is a podcast that helps you make sense of the news. Six days a week, we bring you a deep dive on a story and provide the context, backstory, and analysis you need to understand our rapidly changing world.

2:02.5

Listen to The Consider This Podcast from NPR.

2:07.4

Washington Post journalist Mark Fisher co-wrote a biography of Donald Trump.

...

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