“Madness”: Trump Tariff Fiasco Suddenly Worsens amid Brutal Poll Drop

04/23/25 • 21 min

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On Tuesday, largely due to President Trump’s tariffs, the International Monetary Fund downgraded its projections for economic growth in a big way. Meanwhile, we’re already starting to see layoffs. All that comes as new polls show Trump cratering on the economy. Trump is now shifting blame to Federal Reserve Chairman Jerome Powell for the tariff fallout. But those attacks are only rattling markets and investors more, backfiring on Trump. We talked to one of the best economic commentators out there, Washington Post columnist Heather Long, author of a new piece on how Trump’s “tariff madness” is likely to drive us into a recession. She explains why the prognosis is so grim—and why Trump is in a bind with no easy way out.

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Previous Episode

“Full-Blown Meltdown”: Don Jr. and MAGA Rage as GOPers Turn on Hegseth

President Trump’s defense secretary, Pete Hegseth, is imploding again. We just learned that he shared still more highly sensitive data on a private signal chat. A GOP Congressman just basically called for his resignation. And a former chief Pentagon official who is a Trump supporter himself also tore into Hegseth’s tenure, calling it a “full-blown meltdown.” That triggered a furious response from Donald Trump Jr., who declared this turncoat critic “exiled” from the Trump movement. Other MAGA figures raged at Hegseth’s critics as well. We talked to Juliette Kayyem, a former national security official under Barack Obama. She takes us through this latest scandal and explains why the profoundly unfit Hegseth will become a much, much bigger problem for Trump—with no easy way out for the president.

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Next Episode

Trump Suddenly in Retreat on Many Issues as Poll Reveals Key Weakness

Suddenly, President Donald Trump appears to be retreating or getting knocked back on multiple fronts. Trump is considering whether to slash his tariffs on China. Elon Musk is stepping back from the administration. Federal scientists are admitting the Measles outbreak is worse than previously acknowledged. And the leaks about Defense Secretary Pete Hegseth are intensifying. All this comes as a new poll finds broad public opposition to Trump’s abuses of power—revealing a surprise weakness in an area that savvy observers assured us voters don’t care about. We talked to Democratic strategist Simon Rosenberg, author of The Hopium Chronicles, who has been urging his party to make Trump’s weakness central to their understanding of this fraught moment. Rosenberg explains why Trump is caught in a vicious downward cycle, where the opposition is successfully mobilizing, and how to coax Democrats to fight back harder.

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