Slate Money | That Wack-Ass Tariff Formula

Slate News

Slate Podcasts

News, News Commentary, Politics

4.6 • 6K Ratings

🗓️ 5 April 2025

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week: Trump unveiled his extensive list of tariffs. Felix Salmon, Emily Peck, and Elizabeth Spiers discuss the questionable math that went into calculating these hefty tariffs and the stock market’s extremely negative reaction to the announcement. Then, Trump has picked a fight with the country's biggest law firms, threatening the integrity of the US legal system. Slate’s Mark Joseph Stern joins to break down the situation. And finally, the US dollar is down after Trump’s tariff announcement which was a big surprise. (Listen to our episode with Paul Krugman to understand why.) The hosts examine the factors that led to its weakening. In the Slate Plus episode: Broadway plays have gone Hollywood. Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello and welcome to Slate Money, your guide to the Business and Finance News of the Week.
0:18.1	I'm Felix Salmon of Axios.
0:19.9	I'm here with Elizabeth Spires of New York Times.
0:23.5	Hello. And Emily Peck of Axios. Hi. And we are going to be talking about tariffs, of course.
0:31.0	We are going to talk about the bigger announcement and its effects. We are going to talk about
0:35.9	what it did to the dollar, which is kind of weird.
0:39.5	We have Mark Joseph Stern coming on to talk about what is going on in big law and the big
0:45.8	judicial crisis that is happening in the wake of various White House executive orders.
0:51.0	We have a slate plus segment on Broadway and ticket prices and actors in Hollywood.
0:57.7	It's a good week this week. So tune in. It's all coming up on Slate Money. The weather. Tomorrow, expect a biting cold front.
1:16.5	Hmm, how naughty. I wonder what I'll be wearing or taking off.
1:21.0	The night will be wild and untamed.
1:23.2	Expect heavy, lashing rain that'll soak you to the skin.
1:27.0	By Monday, temperatures will rise slowly but surely
1:29.9	reaching their peak in the afternoon. Not in the mood for miserable weather? Fly cheaply to
1:36.2	Turkey with Sun Express. Sun Express, nonstop sunshine. All right, guys, there's only one thing we can talk about this week, even though we're
1:46.4	going to talk about other things, but we have to talk about tariffs.
1:51.0	Emily, you've been covering all of this for Axios.com.
1:55.2	What happened?
1:56.2	Oh, people don't know.
1:58.2	I'll tell you.
1:59.2	Bring us up to speed very quickly.
	...

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