Tariffs Are Paused. Uncertainty Isn't.

关税暂停,不确定因素依旧。

Radio Atlantic

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2025-04-10

23 分钟
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The stock market has been tanking since President Donald Trump announced sweeping tariffs a week ago. Then Wednesday mid-afternoon—after Trump reversed course on global tariffs—the market experienced one of its biggest single-day jumps ever. So … what exactly happened? And if the U.S. economy continues to be this unpredictable, what does that mean for the future? Get more from your favorite Atlantic voices when you subscribe. You’ll enjoy unlimited access to Pulitzer-winning journalism, from clear-eyed analysis and insight on breaking news to fascinating explorations of our world. Subscribe today at TheAtlantic.com/podsub. Learn more about your ad choices. Visit megaphone.fm/adchoices
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  • Was today real, honestly, like today just seemed like an unreal day, truly.

  • Was this week real?

  • Was this week real, exactly.

  • What day's today?

  • Hunter, it's Wednesday.

  • It's only Wednesday.

  • Okay, so in 11 minutes, we will have been at this for seven days in a row.

  • Yeah.

  • Yeah.

  • What's this?

  • The confused mumblings of an old man who didn't do very well in his college economics course.

  • Are you talking about the president?

  • I might be.

  • Okay, in one single day this week, I'm talking about Wednesday, yesterday, two extraordinary things happened.

  • In the morning, we woke up to the news that investors had started rapidly selling off U.S.

  • bonds, which worried economists because U.S.

  • bonds are the safe haven and it's a very bad sign for the U.S.

  • economy if investors no longer trust the safe haven.

  • And then midday, Donald Trump made the announcement that he was going to reverse course on tariffs, sort of.

  • We'll get into it.