If you find yourself bewildered by this moment,
where there's so much reason for despair and so much reason to hope all at the same time, let me say I hear you.
I'm Ezra Klein from New York Times Opinion, host of the Ezra Klein Show.
And for me,
the best way to beat back that bewildered feeling is to talk it out with the people who have ideas and frameworks
for making sense of it.
There is going to be plenty to talk about.
You can find the Ezra Klein Show wherever you get your podcasts.
From New York Times, I'm Michael Balbarro.
This is The Daily.
Checked your 401k today.
You know you lost a lot, a lot of money.
Monday was yet another dark day on Wall Street, as global stocks whipsawed over President Trump's universal tariffs.
A bear market briefly became official in the U.S.
And tit for tat retaliation with China intensified.
President Trump is doubling down, now threatening even bigger tariffs on imports from China,
50%, if the country does not revoke its retaliatory tariffs on American products sold there.
Now, as trillions of dollars in corporate value evaporates, Trump's support in the business world is cracking.
And even Republican members of Congress are debating whether to take away Trump's power to wage a trade war.
There's no escaping the fact that business leaders are really losing confidence.