CNN Political Briefing: Have Tariffs Ever Worked?

President Trump’s 90-day pause on most new tariffs triggered a market rally, but economic uncertainty persists as existing tariffs are still in place and a trade war with China intensifies. Trade economist and historian Doug Irwin knows how tariffs have affected Americans and American companies in the past. So, what can that tell us about what could happen to the US economy next? Have a question or a guest you'd like to hear from? Let us know. Email us at [email protected] or give us a call at (202) 430-5460. Learn more about your ad choices. Visit podcastchoices.com/adchoices

First: While President Trump he paused tariffs on most of the world yesterday, he also made them bigger on China, which could cost you and your family thousands of dollars a year.  Plus: Republicans take a big step toward passing their budget blueprint while promising to cut more than $1.5 trillion in spending. The big question: Where will those cuts come from?  And: The Trump revenge tour rolls on as the president orders investigations into two first-term officials he now considers enemies.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

First: The world strikes back against President Trump's sweeping tariffs, leaving the American consumer in the crosshairs of his spiraling trade war.  Plus: MAGA star Ken Paxton is officially challenging fellow Republican John Cornyn for his Texas Senate seat in what's expected to be the most heated and expensive GOP  primary in the country.  And: Barstool Sports founder Dave Portnoy, a Trump supporter with an enormous megaphone in the so-called manosphere, says he's lost a fortune in the market so far and is souring on the president's trade war. He joins the show live to discuss.    Learn more about your ad choices. Visit podcastchoices.com/adchoices

First: Global stocks are soaring in a dramatic rally after three days of major losses. Hopeful investors are clinging to comments from top Trump officials who suggest the president is willing to negotiate on his sweeping new tariffs, set to take effect in just 12 hours.  Plus: The Supreme Court is giving the Trump administration the green light to use a centuries-old law to speed up deportations. But there's a catch.  And: Dana speaks to a couple kidnaped during the Hamas terror attack on Israel about the horror they endured and the relentless push to free the hostages still in Gaza.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

First: We continue to follow the chaos on Wall Street. While President Trump defiantly stands by his sweeping tariffs, confused investors fear a global recession.  Plus: The Trump administration has until the end of the day to bring home a Salvadoran national whom they mistakenly deported to a prison in his home country. But the DOJ says that is not possible and asks the Supreme Court to block the order.  And: Anti-vaccine activist turned HHS Secretary RFK Jr. may be changing his tune on the measles vaccine after a second unvaccinated child in West Texas dies from the preventable disease.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

On CNN’s State of the Union, Jake Tapper presses Agriculture Secretary Brooke Rollins for clarity on Trump’s sweeping tariffs as the economic fallout grows. Then, Democratic Gov. Tim Walz joins Jake to respond and to weigh in on what he thinks Democrats’ strategy needs to be to counter Trump. Finally, CNN Senior Political Commentator David Urban, CNN Political Commentator Jamal Simmons, Democratic Rep. Hillary Scholten, and Republican Rep. Nicole Malliotakis join Jake to break down the political and economic impact of Trump’s tariffs, as well as the move by Defense Secretary Pete Hegseth to remove books from the Naval Academy library as part of the administration’s anti-DEI push. Learn more about your ad choices. Visit podcastchoices.com/adchoices

First: Sticker shock and awe. Trump's trade war jolts the global economy. What is the president's end game? And will Americans buy it? Plus: Hands off. As millions turn out with a message for Trump, Democrats see their moment. And: Primary problem. My new reporting on a potential senate primary. Is the GOP midterm map in jeopardy? Learn more about your ad choices. Visit podcastchoices.com/adchoices

Democrats celebrated a victory in a Wisconsin state supreme court race while Republicans secured two wins in special elections in Florida this week. The races were a window into how voters are feeling a few months into Trump's second term. Wisconsin Democratic Party Chair Ben Wikler explains why his state saw a surge in voter turnout, while Florida Republican Party Chair Ben Power shares his take on GOP margins shrinking since November. Have a question or a guest you'd like to hear from? Let us know. Email us at [email protected] or give us a call at (202) 430-5460. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The Dow is on its way to another quadruple-digit loss due to President Trump's global trade war. This morning, China became the first country to retaliate, slapping a 34% tariff on American-made goods. And yet there's also some good news the US economy today: a much-stronger-than-expected-jobs report. Our extensive coverage of the current economic turmoil begins with CNN's Vanessa Yurkevich.    Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today's show begins as stocks are having their worst day since 2022. The reason: Donald Trump's trade war. But just before we came on the air, the president's commerce secretary advised everybody to "relax" and "trust" Trump.  Learn more about your ad choices. Visit podcastchoices.com/adchoices