Lemon LIVE at 5 | Is Donald Trump Crashing the Economy?! - March 3rd, 2025
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What is the main topic discussed in this episode?
I would call it Monday mayhem, but it's way more serious than that. It is. Welcome to Lemon Live at 5, the Don Lemon Show. We're so glad that you are here. But let's see. I got to tell you something. I got to give you the real deal today. Because remember this whole talk about, hey, I'm going to make the economy great again. I'm going to bring prices, make prices great again. All of these things. that seem to have gotten sidelined for social issues or distraction issues that really don't mean anything. They don't really move the needle, okay? They don't really move the needle. I have a question for all of you. What are the chances, okay? What are the chances that Trump is deliberately trying to kill the US economy?
I mean, There's some magic tricks going on. I don't know. Maybe he knows something we don't know. What are the chances that he actually wants a recession? It sounds crazy, I know, but perhaps the only way to explain his actions recently, U.S. stocks, let me just give you the news. U.S. stocks tanked today as investors braced for Donald Trump's proposed tariffs on Canada, on Mexico, and China. They're going to go into effect by tonight at midnight, which is a deadline. Naj says, I don't want my money in the bank anymore, in the chat. The Dow is down, says Linda Furker. Yes. The Dow tumbled 650 points, or 1.48%, to close at 43,191. 43,191. The Dow fell almost 900 points in afternoon trading before pulling back up slightly.
The broader S&P 500 fell 1.76% and the NASDAQ composite fell 2.64%. Very likely, Janet Davis says, then he can say he can fix it. So he wants to tank it and he can say he can fix it and he's going to blame it on Joe Biden. Because Joe Biden's economy had to fix it and look. So maybe it's a trick. You think it's a trick? The NASDAQ is down about 6.5% since Donald Trump took office on January. Now, remember how he loves to gauge the economy on the stock market, but it is down 6.5% since Trump took office on January 20th. We had the best stock market, the highest record, record, record, and now what stock market? Oh, that's not, I don't know, nothing. Who cares about the stock market? That's nothing. At a press conference this afternoon, Trump said the two trading partners have, quote, no room left to negotiate to avoid the levies and that he was using tariffs to, quote, and I quote here, punish countries that, as he put it, were taking from the U.S.
economy without giving enough in return. The tariffs could result in a significant rise in the cost of countless goods, from beer to lumber. Isn't that like many of his constituents? Are those his supporters? People in the construction industry, blue collar workers, people who drink beer. And this could be felt as soon as next week by consumers at grocery stores and at lumber yards, et cetera. How about them egg prices? Am I right? How about them egg prices? What egg prices? I can't control egg prices. But you said you could before the election. No, I didn't. What? Who said that? I've never heard. No, nobody ever said that because that's his MO. I don't know. No, no.
Is Trump intentionally trying to tank the U.S. economy for political gain?
I never said that. What happened was, and then his supporters just buy it. He never said that. And you're like, wait a minute. Let me play you the soundbite. It's crazy. It is N-U-T-S nuts. Donald Trump announcing the tariffs starting tomorrow. All right, midnight. Here we go.
So we're going April 2nd. But very importantly, tomorrow, tariffs 25 percent on Canada and 25 percent on Mexico. And that'll start. So they're going to have to have a tariff. So what they have to do is build their car plants, frankly, and other things in the United States, in which case they have no tariffs.
OK, so that's what he says is going to happen. I mean, but anyone who knows anything about tariffs in the economy knows that it is really a tax on consumers. But yet he's going forward with it. I mean, I started to ask, does Trump hate America? And my producers were like, I don't know. It's kind of nebulous. But yeah, I'm wondering if Trump, does Trump hate America? Is he tanking the economy?
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:14–4:10
2
Is Trump intentionally trying to tank the U.S. economy for political gain?
4:10–5:27
3
How did markets react to Trump's announced 25% tariffs on Canada, Mexico and China?
5:27–10:50
4
What immediate price impacts could tariffs have on everyday goods like lumber and eggs?
10:50–27:39
5
How do Lemon Legends and viewers describe Trump's motivations and who benefits?
27:39–57:29