| Speaker | Time | Text |
|---|---|---|
|
unidentified
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Eastern Time with more conversations here on The Washington Journal. | |
| And coming up, a discussion on DEI in higher education. | ||
| It's going to get underway shortly. | ||
| Professor and author Michael Eric Dyson and others will talk about diversity, equity, and inclusion live from the National Action Network Convention. | ||
| Take a look at the Trump tariff policies from the second administration. | ||
| These are the tariffs so far, not including what the president announced this week. | ||
|
unidentified
|
10% tariffs on nearly all imports. | |
| That takes effect on Saturday. | ||
| Higher reciprocal tariffs for China at 34%. | ||
| But the newspaper is noting this morning that for China, it's really more like 70%. | ||
|
unidentified
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Japan, 24%, and EU, 20%. | |
| 25% tariffs on imported vehicles. | ||
|
unidentified
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This went into effect on April 3rd. | |
| 25% tariffs on all steel and aluminum imports. | ||
| That was in effect in March. | ||
| 20% taxes on Chinese imports, previously announced in March, which means China, as I said, now faces tariffs over 50%. | ||
|
unidentified
|
This is from marketplace.com this morning. | |
| So those are the president's tariffs in totality since taking office for the second term. | ||
| This morning, China announced that they will now impose a 34% retaliatory tariff on all goods imported from the United States. | ||
| I want to show you what President Trump had to say to reporters yesterday as he left the White House for a dinner in Florida on his tariff policies. | ||
|
unidentified
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I think it's going very well. | |
| It was an operation like when a patient gets operated on, and it's a big thing. | ||
| I said this would exactly be the way it is. | ||
| We have six or seven trillion dollars coming into our country, and we've never seen anything like it. | ||
| The markets are going to boom, the stock is going to boom, the country is going to boom, and the rest of the world wants to see if there is any way they can make a deal. | ||
|
unidentified
|
They've taken advantage of us for many, many years. | |
| For many years, we've been at the wrong side of the ball. | ||
| And I'll tell you what, I think it's going to be unbelievable. | ||
| The thing that people have to talk about, we're up almost to $7 trillion of investment coming into our country. | ||
|
unidentified
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And you'll see how it's going to turn out. | |
| Our country's going to boom. | ||
| President Trump promising our country is going to boom. | ||
| How are these tariff policies impacting you now? | ||
| Have you seen it in your 401k or your 403B? | ||
| Are you seeing consumer prices go up? | ||
| What are you worried about? | ||
| If you're a farmer or a business owner, how do you think this is going to impact the supply chain for you? | ||
| That's our conversation here on the Washington Journal this morning. | ||
| Related to that on the front page of the Washington Post is a story about what this means for our allies. | ||
| In Europe's eyes, yet another blow to a key alliance. | ||
| In announcing plans in 1947 to rebuild post-World War II Europe, U.S. Secretary of State George Marshall linked security with economics. | ||
| Without the United States doing whatever it could to promote normal economic health in the world, he said there can be no political stability and no assured peace. | ||
| This morning, Secretary of State Marco Rubio is in Europe at NATO headquarters, meeting with his counterparts from our allied nations, holding a news conference. | ||
|
unidentified
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You can watch it in its entirety over on C-SPAN 2. | |
| We'll show you what he had to say to reporters when he was asked about the impact of these tariffs on European countries. | ||
| Rohan, in Saratoga, California, an independent, we will go to you first this morning. | ||
| How have you seen these tariff policies impact you, or what are you worried about? | ||
|
unidentified
|
Yeah, so that's actually with regards to, so actually, to be honest, I'm not too, I guess, familiar with TARS, but what I have heard is I'm not sure if you know about the new Nintendo Switch to release. | |
| And apparently, the prices are much higher this time around because of the tears. | ||
| So just, you know, in terms of entertainment products, I'm kind of worried that prices of that will go higher now. | ||
| Okay. | ||
| Nintendo products are from Japan. | ||
| So I think maybe that might be a reason why. | ||
| Yeah, Rohan worried about the electronics and what does that mean for purchasing goods, a lot of electronics produced in countries like China, in other Asian countries. | ||
| Michael in Smithfield, North Carolina, Republican. | ||
| Good morning, Greta. | ||
| Good morning. | ||
| Definitely. | ||
| Samsung in South Korea, you know, I think it's 20 or 30, 34 percent, something like that. | ||
| And I was just in the market for looking at some appliances for Samsung. | ||
| I have Bosch now. | ||
| And wow, I can't afford that. | ||
| You can't afford it. | ||
| You can't afford what, Michael? | ||
| A price increase of what? | ||
| Well, I can't afford to buy the Samsung now because there's such a heavy tariff on South Korea, and South Korea is the maker of Samsung. | ||
| So you're talking about televisions, you're talking about washers, dryers, you're talking about stoves, microwaves, refrigerators. | ||
| Michael, do you think you're a Republican? | ||
| Do you trust the president on this? | ||
| He said there is going to be some uncertainty at first, but that this is going to level the playing field. | ||
| Do you believe him on that? | ||
| I think he's trying to be sincere because eight years ago, we went through the same thing. | ||
| And the stock market was in a different situation than it's in now. | ||
| Every 10 to 12 years, we're seeing a recession. | ||
| And this has been a little longer than normal. | ||
| But if you go back to 2022, the summer of 22 and October, the stock market was horrible. | ||
| That summer, it really peaked. | ||
| It seemed like the inflation did because of the prices we were paying here in North Carolina $4 a gallon for gasoline, regular, unleaded. | ||
| That is crazy. | ||
| And we were paying that under the Biden administration in 22. | ||
| And so he's done this before to answer your question. | ||
| I think he's sincere. | ||
| I think he can get enough to generate. | ||
| Maybe two years from now, we'll be back on track. | ||
| But unfortunately, we're in a recession. | ||
| The country's got to wake up. | ||
| The media's got to wake up and admit that this is a recession. | ||
| So a recession triggered by what, Michael? | ||
| Because, as you said, economists, others are not saying we're there yet. | ||
| Some fear we may go there with these tariff policies. | ||
|
unidentified
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But why do you think we're in a recession now? | |
| Because we have back-to-back negative GDPs. | ||
| Okay. | ||
| Michael in Smithfield, North Carolina, Republican there. | ||
|
unidentified
|
Let's listen to the Democratic leader in the Senate, Chuck Schumer of New York. | |
| He said that these tariff policies by the president will walk us into a recession. | ||
|
unidentified
|
Here he is from yesterday. | |
| The president made one of the dumbest decisions in history, one that will negatively impact every single American family, every single one. | ||
| He's walking us into the dumbest and most avoidable recession probably in history. | ||
| And let's call the Trump tariff tax for what they really are, a huge tax hike on American families. | ||
| And not just any tax hike. | ||
| Uh-uh. | ||
| J.P. Morgan called it, quote, the equivalent to the largest tax increase in 1968, since 1968. | ||
| Here's what Bloomberg said. | ||
| Quote, roughly $2 trillion was erased from the SP 500 at the start of U.S. trading on Thursday amid worries that President Donald Trump's sweeping new round of tariffs could plunge the economy into a recession. | ||
| And it claims more than 80% of the companies in the SMP were trading lower. | ||
| Stock market is plummeted. | ||
| Retirement savings are tanking. | ||
| Consumer confidence is falling. | ||
| Consumer expectations for the future are historically low. | ||
| Companies are already announcing layoffs. | ||
| I saw Stellantis just knocked off eight, who's going to fire 800 people, lay them off. | ||
| All for these Trump tax, the Trump tariff tax. | ||
| All for that, so they can have more money to reduce taxes on the billionaires. | ||
| The average American family is going to pay more for everything for food, for gas, for cars, for groceries, for clothing, for beer, for you name it. | ||
| It makes no sense. | ||
| And the bottom line is that they're not fighting for American families. | ||
| They're just aiding and abetting what they're doing and making it even worse with the Trump tariff tax. | ||
|
unidentified
|
Democratic leader Chuck Schumer, do you agree with him? | |
| He says that Americans will feel it. | ||
| They will pay more. | ||
| And they are feeling it now. | ||
| Do you agree with him or disagree? | ||
|
unidentified
|
We're turning the conversation to all of you this morning. | |
| Washington is debating these tariff policies. | ||
| What do you think? | ||
| Jeff in Indianapolis, Democratic caller. | ||
|
unidentified
|
Hi, Jeff. | |
| Yeah, thank you for taking my call. | ||
| There's no way that businesses are going to be able to avoid passing these increases down to the consumer. | ||
| And that's going to have an effect on the overall economy since two-thirds of economic activity is consumed with spending. | ||
| Now, I don't understand what Trump and his economic advisors think they're doing with this. | ||
| To me, it seems like they don't know what they're doing. | ||
| Every time I see Commerce Secretary Howard Ludnick and Trade Representative Peter Revow on TV, both of them look like fools. | ||
| I don't understand what they're doing. | ||
| In what way, Jeff? | ||
| In what way? | ||
| Why do you think that? | ||
| Because they don't seem to be talking like regular economic theory. | ||
| There's a British economist that came out with a theory back in the 1800s. | ||
| His name is David Ricardo. | ||
| He came out with a theory called the Law of Comparative Advantage. | ||
| Some of this stuff is necessary to be produced overseas because it benefits the American consumer. | ||
| You're not going to be able to get all these businesses to bring production back to the United States. | ||
| If they do, it's going to cost more. | ||
| That's the reason why stuff is made in China and Vietnam, because it costs less. | ||
| So there's that. | ||
| And then there's also countries that can produce items that we cannot produce on a mass scale. | ||
| Bananas, for example. | ||
| We're not going to produce bananas in the United States. | ||
| So we're going to have a trade deficit with countries that do produce bananas. | ||
|
unidentified
|
Loud competitor advantage. | |
| They seem to be going against established economic theories. | ||
| All right. | ||
| Jeff's thoughts there in Indianapolis. | ||
| The Secretary of Commerce, Howard Luttnick, was on the airwaves after the president announced these sweeping tariffs. | ||
| And here's what he said on his appearance yesterday on CNN when he was asked about prices going up for American consumers. | ||
|
unidentified
|
A lot of Americans put Donald Trump in office because they were unhappy with prices at the grocery store, right? | |
| They didn't feel like Biden did enough. | ||
| They put Trump in office to fix that. | ||
|
unidentified
|
In a few days, we're about to see prices go up at the grocery store. | |
| What do you say to those Americans? | ||
| I don't think that's going to happen. | ||
| The reason it's going to happen. | ||
|
unidentified
|
Watch. | |
| No one can guarantee anything, but that's very nice. | ||
| Thank you. | ||
| I wish I could guarantee whatever you'd like. | ||
| But the fact is, wait, let's take one moment. | ||
|
unidentified
|
Wait, wait, wait. | |
| You asked me a question. | ||
| Let's go through it, okay? | ||
| Our farmers are blocked from selling almost anywhere. | ||
| We can't, 1.4 billion people in India, and we can't sell them corn. | ||
| Europe won't let us sell beef. | ||
| Australia won't let us sell beef. | ||
|
unidentified
|
Why? | |
| Yeah, no, no, that's not why. | ||
| It's because they want to just protect. | ||
| I know. | ||
| They want to say, oh, what? | ||
| The seeds are different, right? | ||
| Other people in the world are using seeds that insects. | ||
| Come on, this is nonsense. | ||
| This is all nonsense. | ||
| What happens is they block our markets. | ||
| When we open those markets, our volumes grow. | ||
| Our farmers will thrive and the price of groceries will come down. | ||
| Let Donald Trump run the global economy. | ||
| He knows what he's doing. | ||
| He's been talking about it for 35 years. | ||
| You got to trust Donald Trump in the White House. | ||
| That's why they put him there. | ||
| Let him fix it. | ||
|
unidentified
|
I understand. | |
| It's broken. | ||
| Let him fix it. | ||
| Howard Luttnick arguing that the American people should trust the president that he can fix the global trade system. | ||
|
unidentified
|
Your reaction to what you're hearing from the White House and Democrats who are opposing the president's moves. | |
| Arthur in Florida, Republican, what do you say to Washington? | ||
| Basically, what I say is this, that we need to encourage more American-made products. | ||
| And also, another point nobody's thought about. | ||
| God forbid we get into a war. | ||
| What is going to happen when all our ammunition is made overseas? | ||
| When all of our trucks, all our tractors and everything is made overseas, and you can't get parts in this country. | ||
| Thanks for your time, Mimba. | ||
| All right. | ||
| Arthur's thoughts there. | ||
| We'll go to Richden Park, Illinois. | ||
| Marie is an independent. | ||
| Marie, what do you say? | ||
| Well, I say that it's weird that he surrounds himself with all these tech people, right? | ||
| But they're not mentioning the element of AI and robotics. | ||
| You know, I don't see bringing jobs back to manufacturing. | ||
| I see a surge in AI. | ||
| I see a surge in robotics because my husband saw an actual truck driving a couple of days ago with no passenger. | ||
| And he's a truck driver. | ||
| I'm just saying, it just seems something is carefully orchestrated here. | ||
| I can't afford a container. | ||
| I operate a frozen food manufacturing company. | ||
| And I don't know. | ||
| I buy all my stuff from China, all my packaging, and an Alibaba. | ||
| And I don't know how I'm going to afford all of that. | ||
| I don't know how I'm going to move forward. | ||
| So that's all I have to say. | ||
| Marie, hold on. | ||
| So you get all your packaging for your frozen fruit production from China. | ||
| Yes, I do. | ||
| Okay. | ||
| I order off Alibaba. | ||
| And how much, do you know yet how much they're going to increase the pricing for that packaging? | ||
|
unidentified
|
Well, I know it's 25% is what they're saying as far as overall from China. | |
| So you expect to get hit with that 25% increase. | ||
|
unidentified
|
Absolutely. | |
| Absolutely. | ||
| You know, from everything from shipping, some container costs, you know, small businesses know this. | ||
| It's very difficult to find a packaging company, a company that makes boxes here in the United States that doesn't have a union, that doesn't have all the high prices. | ||
| There's no way I can afford those prices with margins and make money and have good margins. | ||
| Well, let me ask you. | ||
| Yeah, let me ask you about that because some say businesses should then look at their margins and reduce their margins. | ||
|
unidentified
|
If you had to reduce your margins by 25%, do you even have a margin of 25%? | |
| I do not. | ||
| Because when you're going into grocery stores, it's 35%. | ||
| That's how they want you to have it. | ||
| It said 35%. | ||
| 25%? | ||
| I'm already skating on 15% profit. | ||
| I've got workers to pay. | ||
| There's no way. | ||
| The overhead is ridiculous. | ||
| All right. | ||
| So can you add it? | ||
| Can you pass it along to your consumers? | ||
| I'm going to have to. | ||
| I'm going to have to. | ||
| And when you think of dairy, it's not only packaging, it's the food. | ||
| Dairy has gone up, eggs have gone up. | ||
| You know, those, it's just, it's really, I'm taking a hard look at moving forward. | ||
| I'm looking, I'm, you know, it's just, it's really a catastrophe for small businesses. | ||
| The dream is like gone. | ||
| That was the dream, being able to buy, you know, and import and export. | ||
| It was for small businesses, but now I don't know how we're going to survive. | ||
| All right. | ||
| Marie there in Richten Park, Illinois, an independent caller. | ||
| What does it mean when we have a trade deficit? | ||
|
unidentified
|
Wall Street Journal this morning. | |
| A trade deficit is the difference between the value of the goods and services a country imports and the value of goods and service it exports. | ||
| A deficit means that a country is importing more than it exports. | ||
| A surplus means the opposite. | ||
| Economists sometimes examine the total trade balance, goods and services, and sometimes analyze just goods or services trade. | ||
| Services include transportation, construction, and the provision of accounting or legal support. | ||
| The White House says tariff analysis appeared to not include only goods. | ||
|
unidentified
|
It appeared to include only goods, not services. | |
| What does the trade balance say about U.S. industrial strengths and weaknesses? | ||
| The U.S. excels at exporting services such as banking, insurance, consulting, and legal advice. | ||
| It's also a major exporter of some goods, including aircraft, soybeans, and oil. | ||
| Over the years, it has increasingly turned to other nations for many of the goods it consumes, including electronics, clothing, and other items. | ||
| So economists say, some economists say, that President Trump's numbers on tariffs and the deficits numbers that he put out in the Rose Garden this week at the White House do not include the services that we export. | ||
|
unidentified
|
And so some economists argue the president's numbers are wrong. | |
| Robin in Cleveland, Tennessee, Democratic caller, Robin, what do you say? | ||
|
unidentified
|
I say that it's going to be terrible. | |
| As for me, I went out yesterday and bought a new washer and dryer because we're not going to be able to afford them. | ||
| And this is nonsensical. | ||
| He does not know what he's doing. | ||
| And if people would have read Project 2025, you would know that this is going to happen. | ||
| All right. | ||
| Thank you. | ||
| Have a nice day. | ||
| All right. | ||
| We'll go to Israel. | ||
| Crystal River, Florida, Republican. | ||
| Good morning. | ||
| Welcome to the conversation. | ||
| What do you think? | ||
| Yes, this is what I think. | ||
| And please don't cut me off. | ||
| I think this is what's going on. | ||
| Our hearts are set so part from the God of heaven. | ||
| And if the dollar says, in God, we trust, we're trusting in fake gods that are yokes apart from God's heavily mandates. | ||
| All right, we're talking about trade tariffs this morning. | ||
| Kathleen, Chicago, Democratic Color. | ||
| Morning, how you doing? | ||
| Morning. | ||
| Okay, going to the grocery store, maybe put two or three packs of meat in the cart, cart half full, get to the register, three and four hundred dollars. | ||
| Then I hear this millionaire or billionaire just a little while ago, loot neck or whatever his name is. | ||
| Howard Lotten. | ||
| Trust Trump. | ||
| He know what he's doing. | ||
| He's been doing this for 35 years. | ||
| How can I trust somebody that bankrupt his own business six times? | ||
| You know, it's a shame that people won't wake up and see what this man is doing. | ||
| He said the other day when the car prices go up, he didn't care. | ||
| Then went off to golf. | ||
| People wake up. | ||
| All right. | ||
| This man needs to be ran out of their White House. | ||
| He do not. | ||
| I was under the impression when he got in, he was going to just do the immigrants, get them out this country. | ||
| But what he has done since he's been in there, give me a second, please. | ||
| He has hurt, he's not hurt the immigrants. | ||
| He's hurt the American people. | ||
| People are losing their jobs. | ||
| Now, how in the world are you going to buy stuff, pay rent, pay your bills, go to the grocery store. | ||
| If you find American workers. | ||
| All right. | ||
| Kathleen, what should Democrats do about it? | ||
| How should they respond to the president? | ||
| Democrats, let me say this before you slam the phone on me. | ||
| The Democrats tried in their best before November to tell the American people that this was going to happen. | ||
| But the American people gave the Republicans the House, the Senate, the White House, and the Supreme Court. | ||
| So it's too late to ask what the Democrats gonna do. | ||
| What the American people need to ask and demand that the ones that they put up there in the White House, the House and the Senate, do your job. | ||
| You said America first, do America first. | ||
| You're still trying to sell tons of cars for the richest man in the world. | ||
| Understood. | ||
| All right, Kathleen's point there in Chicago. | ||
| As we said, Secretary of State Marco Rubio meeting with his counterparts in NATO and at NATO headquarters in Belgium, he held a news conference earlier today, and right away he was asked by reporters about these tariffs and what it means for economies around the world. | ||
| The markets are reacting. | ||
| No, their economies are not crashing. | ||
| Their markets are reacting to a dramatic change in the global order in terms of trade. | ||
| And so what happens is pretty straightforward. | ||
| If you're a company and you make a bunch of your products in China and all of a sudden shareholders or people that play the stock market realize that it's going to cost a lot more to produce in China, your stock is going to go down. | ||
| But ultimately, the markets, as long as they know what the rules are going to be moving forward, and as long as that's set and you can sustain where you're going to be, the markets will adjust. | ||
| Businesses around the world, including in trade and global trade, they just need to know what the rules are. | ||
| Once they know what the rules are, they will adjust to those rules. | ||
| So I don't think it's fair to say economies are crashing. | ||
| Markets are crashing because markets are based on the stock value of companies who today are embedded in modes of production that are bad for the United States. | ||
| We have to be a country that thinks we're the largest consumer market in the world, and yet the only thing we export is services. | ||
| And we need to stop that. | ||
| We need to get back to a time when we're a country that can make things. | ||
| And to do that, we have to reset the global order of trade. | ||
| Well, the worst thing is to leave it the way it is forever. | ||
| I mean, this just can't continue. | ||
| We can't continue to be a country that doesn't make things. | ||
| We have to be able to make things to provide jobs for Americans. | ||
| That's it. | ||
| It's that simple. | ||
| China is an example. | ||
| I mean, it's outrageous. | ||
| I mean, they don't consume anything. | ||
| All they do is export and flood and distort markets in addition to all the tariffs and barriers they put in place. | ||
| So the president rightly has concluded that the current status of global trade is bad for America and good for a bunch of other people. | ||
| And he's going to reset it. | ||
| And he's absolutely right to do it. | ||
|
unidentified
|
Marco Rubio at a news conference earlier this morning at NATO headquarters. | |
| If you want to watch what he had to say to reporters in its entirety, go to our website at c-span.org. | ||
| The headlines related to Rubio's visit to NATO this morning, Wall Street Journal, U.S. going to remain in NATO, Rubio tells his allies and then his counterparts. | ||
|
unidentified
|
And then there's also the world section of the Washington Post in NATO talks. | |
| Trump team puts onus on Europe to defend itself. | ||
| Rubio travels to Brussels to reassure the alliance about Trump's intentions, but also to warn that it can't rely so heavily on the United States anymore. | ||
| Back to our conversation about the president's tariff policies. | ||
|
unidentified
|
How does it affect you? | |
| Sean in Naples, Maine, Republican. | ||
| Go ahead. | ||
| Well, I don't think we're really going to see much unless you're looking for, you know, maybe buy a brand new car or something like that. | ||
| But I feel like your average American isn't going to see much. | ||
| I think we're really dialing in on perceived or guessing of what these tariffs might do. | ||
| And the same people telling you that the sky is falling today didn't even want to talk about inflation over the last four years. | ||
| Whatever the tariff does is not going to be as bad as the increases we've seen over the last four years. | ||
| The McDonald's cheeseburger went from 89 cents to $3, and now they're just starting to take it back. | ||
| So, Sean, how do you respond to people who say that this is going to increase prices for the American consumer on goods that they normally get from other countries? | ||
| And that even if a good isn't coming from another country, businesses are going to raise prices and blame it on tariffs. | ||
|
unidentified
|
And those prices are then going to stay at that price. | |
| They're not going to come back down. | ||
| Well, then I wouldn't shop with that business. | ||
| How will you know? | ||
| Look where the product is made. | ||
| If you've been buying the product for the last six months, year, and all of a sudden the price jumps on the tariff and it's not when it's made in the U.S., stop buying it. | ||
| Put your money where it actually gets something done. | ||
| People are more angry about paying a 25% tariff on a Timu paper doll than they are about buying something local and helping support your neighbor. | ||
| The idea of the tariff was to get you to buy things that are in our country. | ||
| Keep your money here. | ||
| We're shipping all of our money overseas for cheap junk. | ||
| And people are outraged. | ||
| The best case scenario, an absolute crash of the economy. | ||
| Absolute crash. | ||
| The reason why the time after World War II was so good is because it dumped and then all the way up to 1980. | ||
| You want the American dream? | ||
| People want to be able to afford a home again? | ||
| Crash the economy. | ||
| Well, what about people's 401ks? | ||
| People who are 10 years out from retirement and they lose what they've built up and they don't have enough time to rebuild it before they're going to retire. | ||
|
unidentified
|
What do you say to them? | |
| It doesn't affect me. | ||
| If you have a 401k, you're doing just fine. | ||
| The average person that is stuck paying $2,000 a month for rent and will never be able to afford a home unless there is a crash, and I'm talking a big one. | ||
| So the people that have a house that is today they say is worth a million dollars was worth $250,000 40 years ago, they're going to get mad. | ||
| I don't care. | ||
| Dump it. | ||
| So Sean, explain your economic situation and why it doesn't impact you, you know, the 401k and the price of a home. | ||
| And explain why you're saying for you and for you and others, this would be the best thing for you. | ||
| Because the price of a home is unobtainable. | ||
| It is unobtainable. | ||
| Impossible. | ||
| With what you can make, I live in the state of Maine, you know, rural Maine at that. | ||
| If you're not working at a gas station or a Dollar General, you're traveling an hour just to get a job. | ||
| Do you think everybody in the world got 401ks and owning homes? | ||
| 60% of all mortgages never even get paid. | ||
| So, Sean, you're a renter, right? | ||
| No, I own. | ||
| You do own? | ||
| I own something that was affordable that you could buy and not get stuck in a mortgage or a crazy payment. | ||
| And where do you work, Sean, if you don't mind telling us? | ||
| I do outdoor activities. | ||
| Okay. | ||
| All right. | ||
| I don't work a corporate job. | ||
| Because what am I going to do? | ||
| Go work a cash register, stock shelved somewhere for $13. | ||
| Yeah, do you make a decent living then? | ||
| You can't make a decent living then. | ||
| No, but do you? | ||
| Do you make a decent living? | ||
| Yes, we buy what we need. | ||
| We don't buy what we want. | ||
| I would argue that I eat better than people that make a half million dollars a year because I know how to cook. | ||
| I don't buy things in boxes. | ||
| A seven-pound pork roast is $6.99 at the butcher. | ||
| You chop it into, you got seven pork roasts, a dollar apiece. | ||
| All right. | ||
| Sean there in Naples, Maine, with his thoughts, a Republican. | ||
| Gerald, Creston, Washington State, Democratic caller. | ||
|
unidentified
|
Gerald? | |
| Yes, good morning. | ||
| My name is Daryl. | ||
| Thank you for taking my call. | ||
| I am one of those that how this is affecting my particular financial situation is. | ||
| I am 78 years old. | ||
| I have worked my entire life to stack what I think is very comfortable for continuing my life in my portfolio, my investment portfolio. | ||
| And now I'm seeing it trashed for the obvious reason that I think Trump is totally off of his rocker. | ||
| I think he needs to be impeached and his policies just do not fit. | ||
| And I'm glad we're waking up and realizing that far too late. | ||
| All right, Gerald, so tell me about the financial hit you've taken. | ||
| Yes, I've watched my portfolio drop $70,000 in the last two days. | ||
| In the last two days? | ||
| And how about overall over recent weeks? | ||
| Over recent weeks, since the 12th of February, that is my loss to date is the $70,000. | ||
| But I'm saying that is substantial. | ||
| And it does not look like anything there is correcting. | ||
| So what choices do I have? | ||
| I'm one of the people that you're talking about. | ||
| I don't have time to recover. | ||
| I've recovered from 2008. | ||
| I've recovered in my investment portfolio from pandemic. | ||
| I don't have that time anymore. | ||
| Not if we're looking at recession, depression. | ||
| I don't think we even know what we're looking at right now, which I think is totally reckless. | ||
| Okay. | ||
| Gerald there in Creston, Washington State. | ||
| Let me show you, as we said at the top, the national newspapers and their headlines this morning, how they're framing it. | ||
| This is the Washington Post this morning: onslaught of tariffs, ripples across the globe, showing what the impact has been on the NASDAQ, the SP 500, tech stocks, et cetera. | ||
|
unidentified
|
That's the Washington Post. | |
| This is the Wall Street Journal. | ||
| Stocks suffer the steepest slide since 2020. | ||
| And again, showing you the impact on these individual indexes. | ||
| You also have the New York Times this morning. | ||
| Tariff shockwaves circle the globe, turning long-time grievances into an emergency. | ||
| Markets dive as countries vow to reciprocate. | ||
|
unidentified
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Let's go to Jerry and Redfield, Maine, Republican. | |
| Jerry, welcome to the conversation. | ||
| Yes, good morning. | ||
| Kudos to Sean in Maine. | ||
| Lobstering in Maine. | ||
| All right? | ||
| We're just not business smart, and Trump is a businessman, not a politician. | ||
| We're blessed to have him. | ||
| God send him to us. | ||
| So what do we do in Maine? | ||
| Okay, we have 18 processing plants in the state of Maine. | ||
| So the lobster men, what do they do? | ||
| They send the lobsters to Canada, who has 250 processing plants. | ||
| The same way with blueberries. | ||
| Down east, we rake the blueberries. | ||
| It's one of the big crops. | ||
| What do we do with it? | ||
| We take the blueberries, we put them on tractor trailers, and tractor trailer loads go to Canada where they have a processing plant. | ||
| We're just not smart as American people. | ||
| And we finally got a businessman who's got almost $7 trillion of businesses coming into America. | ||
| And we're all panicking about the immediate effect of us. | ||
| And Trump's got his energy policy going drill, baby, drill. | ||
| Okay, so all those people don't understand the price of energy is going to affect heating oil. | ||
| It's going to affect the ability to move product. | ||
| And that's going to help us 100%. | ||
| So stand back. | ||
| We had a canoe. | ||
| I'm a Native American. | ||
| We were heading to the falls. | ||
| Trump is smart enough to turn the canoe around and head it back the other way instead of our $36 trillion. | ||
| How long do you think it would take for companies to build processing plants in Maine for lobster and blueberries? | ||
| How many years do you think it would take for them to be back into place so that they are not exporting that to Canada? | ||
|
unidentified
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We have to be doing the right thing, and that is to build more processing plants. | |
| Canada is not smarter than Maine. | ||
| Our politicians have let us down. | ||
| You don't have a product like lobster that you send away to be processed somewhere else or lumber that goes back over the Canadian border and it's rough cut in Maine and it's sent out to be planed and comes back to Maine. | ||
| It's just not smart. | ||
| Buy your planer. | ||
| Employ your people in Maine. | ||
| Let's get things right. | ||
| And we're just blessed to have Trump and just people are just so knee-jerk. | ||
| Look, we're heading to the falls, like I said. | ||
| We heard the point. | ||
| We heard the point, Jerry. | ||
| And speaking of politicians, front page of the Washington Post this morning, hours after global stock markets tumbled, Senators Chuck Grassley, a Republican of Iowa, and Maria Cantwell, Democrat of Washington State, introduced a bill Thursday requiring Congress to approve any tariffs within 60 days of their proposal by the president. | ||
| The legislation would also mandate that the White House provide an analysis of tariffs' impact on businesses and consumers. | ||
| Senator Grassley argued the bipartisan bill would reassert Congress' constitutional role and ensure Congress has a voice in trade policies. | ||
|
unidentified
|
Listen to his colleague Senator Marie Cantwell, his partner in this legislation on the floor yesterday. | |
| It's arguable that the current approach is literally a misconstruction of statutory authorities. | ||
| But what we know for sure today, what we know today for sure, is that 95% of the world's consumers are outside of the United States. | ||
| That means the global middle class includes almost 4 billion people. | ||
| Those are markets for American businesses, for farmers to reach, to grow, and prosper. | ||
| According to the World Bank, in the recent decade, trade has lifted 1 billion people out of poverty. | ||
| My colleagues here who've worked on deals in the past that opened up markets in places like Chile, Peru, Singapore, the Central America Free Trade Agreement, the update of the U.S. MCA, all know that this hard work created economic opportunity. | ||
| Our trade agreements helped American farmers export $176 billion in agricultural products last year. | ||
| They helped ensure that the United States is the world largest agriculture exporter, with soybeans and corn leading the way as the top export. | ||
| I want to return to trade agreements. | ||
| I want to open up more markets. | ||
| I want us to have a robust export opportunity for the excellent U.S. manufactured and grown products. | ||
| Our trade agreements have ensured that the U.S. remained the second largest exporter of manufactured goods in the world, $2.06 trillion in 2024. | ||
| And it's clear today the United States must be competing hard to win in the race for emerging technologies like AI and quantum. | ||
| Our foreign adversaries and our competitors are in this global race too. | ||
| So that is why economic disruption puts America at risk. | ||
|
unidentified
|
Senator Maria Cantwell, Democrat of Washington State, there on the floor of the Senate. | |
| She joined up with Republican Senator Chuck Grassley of Iowa, a bipartisan piece of legislation. | ||
|
unidentified
|
Unclear if it'll get a vote on the Senate floor. | |
| Back to the Washington Post in this same article. | ||
| Fear of fallout from Trump tariff plan put some Republicans in tough spot. | ||
| Over on the House side, this is from the Washington Post. | ||
| Representative Gregory Meeks, Democrat of New York, the top Democrat on the House Foreign Affairs Committee, announced he would introduce a resolution to end the made-up national emergency that he says will disproportionately hurt working families. | ||
| By introducing his resolution under privilege next week, Meeks will force the Republican majority to take up a vote within two legislative days. | ||
| House Democrats hope it will show whether Republicans support the economic path Trump is inflicting on their constituents. | ||
| So Democrat Gregory Meeks hoping to force a vote on the president's declaration of an emergency, and that is why he says he can put forth this 10% tariff across the board. | ||
|
unidentified
|
It goes into effect on Saturday. | |
| Gregory Meeks wants Republicans and Democrats on the record to do away with the emergency proclamation. | ||
|
unidentified
|
That's the Washington Post this morning. | |
| Lee in Kalamazoo, Michigan, a Republican. | ||
| Lee, you're a business owner. | ||
| What do you do? | ||
| I do construction landscaping. | ||
| I don't mow lawns. | ||
| I do brick patios, rock walls, all the fun stuff. | ||
| I'm a small business owner. | ||
| I'm owner-operated, me and one other guy. | ||
| And what we do is go out and create art. | ||
| And thank God AI cannot do what I do for a living. | ||
| So I got a secure job. | ||
| And I'd suggest anybody get a trade job. | ||
| But the whole thing about the tariffs, I see it being, it's quite fair. | ||
| I'm small business. | ||
| What I do, the tariffs aren't affecting me. | ||
| The rich will always spend their money. | ||
| There's no doubt about it. | ||
| You're guaranteed the rich will spend their money on what they want. | ||
| And when you want a really nice-looking patio, that's what I do. | ||
| But besides that, do we forget what China did to our kids by sending, you know, when you got the happy meal from McDonald's? | ||
| The poison that was coming off the toys. | ||
| The materials that we get from China, the flooring that leeches off toxic gases. | ||
| These are things that we're purchasing from China that are affecting human, the United States' health. | ||
| We don't know what they're putting in their paint. | ||
| They've done it before where they poisoned us. | ||
| So rightfully, I think the tariffs, we should say stop buying Chinese stuff. | ||
| Yeah, but Lee, so this want to share this article with you and hang on the line because I want to get your reaction to it. | ||
| This is the Wall Street Journal. | ||
| World braces for flood of Chinese goods. | ||
| So if they don't bring what they've already produced by the barge load, shipload to the United States because they want to avoid this tariff, then what happens to the goods that you're talking about? | ||
| The inexpensive toys and clothing and all of that. | ||
| So from the Wall Street Journal, U.S. consumers and businesses learned on Wednesday that from April 9th, Chinese imports will face tariffs of around 70% on average because that includes tariffs put in place by President Biden and then the ones that President Trump added during his second administration. | ||
| The new tariffs will likely push up prices in the United States for products ranging from consumer electronics and toys to machinery and essential components for manufacturing. | ||
| Goes on to say this, that it will be hard for other countries to absorb Chinese exports that normally went to the huge U.S. market. | ||
|
unidentified
|
The U.S. in 2024 imported around 440 billion of goods from China, according to the Census Bureau. | |
| China in 2023 was the source of a fifth of iron and steel products imported into the U.S., more than a quarter of its imported electronics, a third of its imported footwear, and three-quarters of its imported toys, according to data from the International Trade Center. | ||
| To be sure, U.S. imports from China are unlikely to drop to zero overnight. | ||
| Consumers might be able to find alternatives to some Chinese-made products, but others and manufacturers outsource big chunks of their production to Chinese factories. | ||
| Even if they manufacture goods at home, they are often bringing in parts and basic materials. | ||
| Goes on to say, though, that since Trump launched his trade war in 2018, China has been the subject of almost 500 anti-dumping rulings and investigations. | ||
| So Lee, going back to you, where is all this stuff going to go if it doesn't come to the United States? | ||
| China will dump it somewhere else, according to this reporting from the Wall Street Journal. | ||
|
unidentified
|
Hopefully they dump it in a landfill because it's all garbage. | |
| Well, then what happens to our Earth? | ||
| It's already going there, isn't it? | ||
| I mean, periods, periods. | ||
| Like you said, they're dumping so much. | ||
| It's going to get dumped somewhere. | ||
| And what happens to our Earth? | ||
| It's going to get dumped somewhere. | ||
| It's the same cycle. | ||
| But besides, if you look at your Walmart, every store you go into, you cannot find something that's American-made. | ||
| I mean, that's what's crazy about it. | ||
| I can go into Walmart and buy every piece of cheap Chinese crap there is. | ||
| That's what I call it. | ||
| But you cannot go and find American-made products. | ||
| All right. | ||
| Lee, I'm going to leave it there and go to Ronald, who's in New Hampshire, independent. | ||
| Ronald, good morning to you. | ||
| Yes, Greta, thank you for taking my call. | ||
| I would like everyone to pick up their copy of the Constitution. | ||
| And on Article 1, Section 7, it says, all bills for raising revenues shall originate in the House of Representatives. | ||
| This is something that I learned in grade school, but the process is that the House of Representatives is the only one who can raise taxes, who can raise a tariff. | ||
| The president can't do that. | ||
| Nobody can do that. | ||
| That's hard-coded in the Constitution. | ||
| Nobody can change that. | ||
| The President can't change that. | ||
| Supreme Court can't change that. | ||
| Congress can't change that because it's hard-coded in the Constitution. | ||
| The only way to change that is with a constitutional amendment. | ||
| There are no tariffs. | ||
| Just because the President announced that there are tariffs, there are no tariffs. | ||
| Nobody is obligated to pay that tax or any other tax, really, because this whole regime is illegitimate. | ||
| We need to take down this regime. | ||
| We need a revolution, a peaceful, nonviolent revolution, to take down this regime and replace it with a democracy, a democracy that actually cares about the people. | ||
| And the way to do that, boycott, join the worldwide boycott, stop buying things, stop driving, stop going to work, stop everything. | ||
| Let's take down this whole regime and replace it with a democracy. | ||
| Al, Tucson, Arizona, Democratic caller. | ||
| Al? | ||
| Yes, good morning. | ||
| I've been studying everything within what Trump is doing and everything. | ||
| And from the very start, when he was elected president, and I said to myself, it's going to happen. | ||
| He is going to totally, totally put everything down within America. | ||
| And he did it. | ||
| And it's a complete insult to us, especially the people who did not vote for him. | ||
| Because he is not very, very intelligent. | ||
| His mouth is bigger than his brain. | ||
| You know. | ||
| And the world, the countries right now are laughing at him for his stupidity. | ||
| That's why I think what his first name is you change it to Toilet Trump. | ||
| All right, Al Swats there in Tucson, Arizona. | ||
| Let's listen to the White House Press Secretary, Caroline Lovett. | ||
| The Trump officials, after the president made these announcements, hitting the airwaves at different networks to argue in favor of what the president had done. | ||
| Here's his White House press secretary on NewsNation. | ||
| As for prices and what the American public can expect, they can expect price stability. | ||
| They can expect to buy American. | ||
| It's a patriotic thing to do. | ||
| And most importantly, they can expect their wages to go up. | ||
| We know that in President Trump's first term, wages went up by $6,500 per person. | ||
| And that's because of the whole of government economic approach that this administration is taking. | ||
| Effectively implementing tariffs while also... | ||
|
unidentified
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This won't be painful at all for American people and consumers, Caroline? | |
| It's going to be, there's not going to be any pain for American-owned companies and American workers because their jobs are going to come back home. | ||
| And again, as for prices, President Trump is working on tax cuts to put more money back into the pockets of Americans. | ||
| He is working on massive deregulatory effort, which we know has already saved American taxpayers millions of dollars in just two months. | ||
| And we're also working on driving down the cost of energy with a Trump energy boom, just like we saw in his first term. | ||
| The president effectively implemented tariffs in his first term while driving down the cost of living. | ||
| This is a proven economic formula that works, and the American people should trust in Trump. | ||
| That's why they elected him back to the White House. | ||
| Your reaction to the White House press secretary and her argument there on trusting the president and what will happen with his tariff policies. | ||
| We want to know how they are affecting you or how you think that they will affect you. | ||
| We're going to hear from the Federal Reserve Chair, Jerome Powell, on the U.S. economy later this morning at 11.25 a.m. Eastern Time. | ||
| And you'll be able to watch it right here on C-SPAN on our free video mobile app, C-SPANNOW, if you're not near a television, or you can go online on demand at c-span.org. | ||
| Surely he'll be talking about and or asked about the tariff policies and the impact it'll have on the economy. | ||
|
unidentified
|
As we noted, countries have threatened to retaliate against the United States. | |
| The Canadian Prime Minister, Mark Carney, announcing yesterday tariffs that they'll now impose on U.S. vehicles. | ||
|
unidentified
|
Here he is. | |
| Canada will respond to the U.S. auto tariffs. | ||
| And today I'm announcing that the government of Canada will be responding by matching the U.S. approach, by matching the U.S. approach with 25% tariffs on all vehicles imported from the United States that are not compliant with CUSMA, our North American Free Trade Agreement. | ||
| And on the non-Canadian content of CUSMA-compliant vehicles from the United States as well. | ||
| Our tariffs, though, unlike the U.S. tariffs, will not affect auto parts because we know the benefits of our integrated production system. | ||
| And they will also not affect vehicle content from Mexico, who is respecting the CUSMA agreement. | ||
| The Canadian Prime Minister on Canada's response to President Trump's tariffs against them. | ||
| We're going to get back to calls with all of you, but first, some other headlines to share with you. | ||
|
unidentified
|
This is from the Wall Street Journal. | |
| The Defense Secretary role in the Signal chat group is now under review. | ||
| The Pentagon's Inspector General said Thursday it had launched a review into the Defense Secretary's sharing of military plans ahead of a U.S. strike on Yemen in the Signal chat group. | ||
|
unidentified
|
Wall Street Journal reporting that this morning. | |
| Also, other headlines to share with you. | ||
| The New York Mayor, Eric Adams, announcing that he will now run as an independent, leaving the Democratic Party in the primary for his second term. | ||
|
unidentified
|
This story, by the way, on page 21 of the New York Times this morning. | |
| From the politics and the nation section of the Washington Post, yesterday the Senate confirmed Mehmet Oz to serve as the head of Medicare and Medicaid. | ||
|
unidentified
|
And then there is also this in politics this morning, two stories to share with you. | |
| The top of the page, Senate Showdown Looms in Texas as the Attorney General there, Ken Paxton, sizing up a primary against Senator John Cornyn. | ||
| Below that story is this headline for the California governor's race. | ||
| President Biden's health secretary, Javier Becera, has entered the race for governor in California. | ||
|
unidentified
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James in Boca Raton, Florida, Republican. | |
| Hi, James. | ||
| Good morning, Glenna. | ||
| Yes, just a comment about the, I guess, we should be discussing what these tariff policies would be impacting us as individuals. | ||
|
unidentified
|
I can say that my wife and I are on a modest fixed income, and I am not concerned whatsoever. | |
| I did a deed one time, have a portfolio, and I did financial services for a living. | ||
| And those folks who are crying a little bit today don't understand anything about long-term investing, which is markets go up and go down. | ||
| And so this is actually a buying opportunity for anyone who has money to invest in the market. | ||
| What we're seeing now is a revolution which is a long time coming. | ||
| What I mean by that is as a 72-year-old man, I grew up in an America where we had an industrial base. | ||
| For decades, we have offshored tens of millions of good-paying industrial jobs to primarily China, of course, but across the world. | ||
|
unidentified
|
The world economic order that was established after 19 after World War II for 80 years is being blown up. | |
| But the economic, corporate, and political elites on both sides of the aisle, like the Bushes, et cetera, have turned a blind eye to the suffering of the working class people in this country. | ||
|
unidentified
|
And another reason why Mr. Trump, I'm sorry, got essentially re-elected or elected for a second term. | |
| People are not stupid. | ||
| They know they're being screwed by the corporations who are globalists and think that it's just fine to offshore jobs. | ||
|
unidentified
|
And we have hollowed out the middle class. | |
| It is extremely hard for young people to start in this country and build a life together. | ||
|
unidentified
|
And this destruction. | |
| And then, of course, Mr. Biden opened the floodgates to probably 15 to 20 million illegal aliens. | ||
| That's what they are. | ||
| And they're going to also drive down wages. | ||
|
unidentified
|
These people are unskilled. | |
| A lot of them, of course, are criminals. | ||
| But the ones that are not criminals are just going to drive down wages and take jobs. | ||
|
unidentified
|
And the corporations love it, right? | |
| And then, of course, Democrats think that we're all going to become Democrats. | ||
| So my comment is that this is a revolution. | ||
| It's a welcome revolution. | ||
| And we should rejoice that we have a man in office who is not going to be kowtow to these corporate elites or the Democratic Party, either side of the aisle. | ||
|
unidentified
|
Okay, thanks. | |
| Let me go to Brandon, who's in Baltimore, Independent. | ||
| Hi, Brandon. | ||
| Hi, thank you, Taking McCall. | ||
| I'm concerned about the actual understanding of the trade tariffs and the difference between a trade tariff and a trade deficit. | ||
| My concern is if no one truly understands and doesn't get an unbiased explanation of those two things, they can't make a real decision on how things should or shouldn't be. | ||
| All right. | ||
| Santos in Texas, Democratic caller. | ||
| Santos, Trump's tariff policies. | ||
| What do you think? | ||
| Yes, I think they're going to hurt all the people that are depending on their Social Security, Medicare, and everything, their groceries, because we're on a fixed income, and we're trusting a man that has spent his life in court, filing bankruptcy, said everything he's tried. | ||
| And that's all I have to say. | ||
| All right. | ||
| Chris Cordell in Columbia, Pennsylvania, Independent. | ||
| Good morning. | ||
| Yes, good morning, Greta. | ||
| Wow, you guys answered quick today. | ||
| I'm not exactly sure yet, right, as far as how I'm going to be affected because it's just a little bit early. | ||
| But you're a business owner, is that right, Cordell? | ||
| Yeah, that's right. | ||
| Yeah, yeah. | ||
| Well, I'll put it to you this way. | ||
| I've been an entrepreneur for the past 20 years. | ||
| So if you consider that a business owner, you know. | ||
| But anyway, like the previous callers were saying, right, I'm trying to get started. | ||
| So imagine, like, you know, my company was originated in the SBA, like Small Business Administration. | ||
| Okay. | ||
| In fact, I was like the poster boy for our local library. | ||
| The business administration had actually just gotten started the month before I walked into the library. | ||
| Okay? | ||
| That was back in like 06. | ||
| So from 06 till now, which is getting ready to be 26, right? | ||
| I still don't own a home. | ||
| I still don't have a staff. | ||
| I still don't have a building. | ||
| You know what I mean? | ||
| I'm building my clientele. | ||
| You know, I get about an average about 23 switches and outlets over the summer. | ||
| You know, about 23 of my neighbors, closest neighbors, you know, call me because I make lawn signs through Vistaprint, right? | ||
| You know, and they're pretty cheap for me. | ||
| So I put them all throughout the city, what have you. | ||
| But anyway, so I'm just waiting to see what the tariffs would do, you know, to me. | ||
| Like, this has been a long time coming. | ||
| So ever since way back when Obama was in, when they were saying small business is the future, well, hey, you guys, here's Harris D.C. Electrical. | ||
|
unidentified
|
My name's Cordell Harris, and it's been 20 years. | |
| All right. | ||
| I'm Cordell. | ||
| I'm going to go to Chris, who's in Lovatown, Pennsylvania, Republican. | ||
| Chris, what do you say to Washington on these new tariffs imposed by the Trump administration? | ||
|
unidentified
|
For your time, like a lot of people, I have a 401k. | |
| I'm retired, 68 years old. | ||
| Last two days, I lost 30,000. | ||
| Since the tariff started, I'm about $105,000. | ||
| And if you look to his tariff numbers, percentages, and then fact-checks them, they're all incorrect. | ||
| And I did vote for Trump. | ||
| I looked at, I'm curious. | ||
| No increased tariffs on Russia, North Korea, or Cuba. | ||
| And he says, because we don't trade with them. | ||
| It's minimal. | ||
| But we don't trade with Iran at all. | ||
| He raised those. | ||
| He put tariffs on two small islands out off of Australia. | ||
| The only thing on the islands is Penguins. | ||
| I have a hard time getting behind him when they're not true facts. | ||
| His statement the other day, gas is well under $3. | ||
| Yesterday, the national average was $312. | ||
| AIDS are down 59%. | ||
| They were 850. | ||
| They're 625 now. | ||
| That's about 25%. | ||
| I have a hard time getting behind a guy that gets up there and doesn't give you honest facts. | ||
| So I'm not real optimistic about this. | ||
| And people tell him he's a great businessman, but he's been bankrupt. | ||
| How many times? | ||
| Claimed bankruptcy? | ||
| Chris, did you vote for him all three times? | ||
| So you did. | ||
| You did. | ||
| And Chris, is your how how are you divvying up your retirement fund right now? | ||
|
unidentified
|
You are retired, 68. | |
| So is most of your money in bonds? | ||
| I have a f financial advisor I use. | ||
| I'm more towards bonds. | ||
| You know, now that I'm retired, but you still lost $100,000. | ||
| Yes. | ||
| Yes. | ||
| All right. | ||
| Chris and Pennsylvania Republican. | ||
| We're going to leave it there. | ||
| Chris, thanks for calling in, all of you for participating in that conversation this morning. | ||
|
unidentified
|
C-SPAN, Democracy Unfiltered. | |
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| Cox supports C-SPAN as a public service, along with these other television providers, giving you a front-row seat to democracy. | ||
| Hiring unexpectedly picked up sharply in March as employers added 228,000 jobs despite federal government layoffs and President Trump's import tariffs. | ||
| But USA Today reporting gains for the previous two months were revised down substantially, offsetting some of the last month's strong showing. | ||
| The unemployment rate rose from 4.1 to 4.2 percent. | ||
| Today, Federal Reserve Chair Jerome Powell will speak about the U.S. economic outlook after President Trump's announcement of sweeping reciprocal tariffs. | ||
| The Fed chair will be speaking at a conference for business journalists, and you can watch it live at 11:25 a.m. Eastern on C-SPAN, C-SPAN now, our free mobile app, or online at c-span.org. | ||
| Over the next 30 years. |