Matt Gagnon discussed the impact of President Trump’s new tariffs, which include a 10% baseline rate on all imports and higher rates for countries deemed bad actors. Stock futures plummeted, with the Dow losing over 1000 points, the S&P 500 dropping 2.5%, and the Nasdaq falling 3.4%. Gagnon explained that the tariff rates announced by the White House are not actual tariff rates but a combination of trade deficits, currency manipulation, and other factors. He also touched on the historical context of tariffs, noting that protectionism has long been a part of conservative politics, contrasting past protectionist views with the current push for free trade.
Matt speaks with Security Analyst Josh Filler. Josh Filler is an attorney and former New York City, White House, and Department of Homeland Security official. Josh Filler works with law enforcement and other public safety agencies across the country on homeland security and emergency preparedness issues.
he U.S. stock market is pulling back from its record heights as Wall Street sifts through mixed developments on everything from the U.S.-China trade war to profits for Big Tech behemoths.
China has agreed to purchase 25 million metric tons of U.S. soybeans annually as part of an agreement reached by its leaders, Treasury Secretary Scott Bessent said Thursday.
The Trump administration is forging ahead with plans to eject some nonprofits from a popular student loan forgiveness program if their work is deemed to have a "substantial illegal purpose" — a move that could cut off some teachers, doctors and other public workers from federal loan cancellation.
