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cover of episode Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel

Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel

2025/4/8
logo of podcast The Daily Show: Ears Edition

The Daily Show: Ears Edition
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John Stewart introduces the segment "Trade Wars," highlighting the economic concerns following Donald Trump's presidency. Despite initial Wall Street excitement over deregulation and tax cuts, there's a sense that the economy is deteriorating. A top banker's offensive remarks exemplify a shift in acceptable behavior, reflecting a broader unease about the economic situation.
  • Wall Street was initially thrilled with Trump's policies like deregulation and tax cuts.
  • A banker's offensive remarks symbolize a change in corporate culture.
  • The segment "Trade Wars" is introduced to address economic concerns.

Shownotes Transcript

Jon Stewart on the fallout from Trump's tariffs, a stock market in a near-recession free fall, and the GOP's spin of the economic turmoil as "no biggie."

Rahm Emanuel, former ambassador to Japan under Biden and a current advisor at investment-banking firm Centerview Partners, joins Jon Stewart to talk about the United States’ international trade predicament in the wake of Trump’s tariffs. They discuss why it’s one of the most “reckless” things done by a president, why he thinks these policies gave China a “get-out-of-jail-free” card, his experience under the Obama administration, and why he believes a Democratic governor could be the one to turn the party around.

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