President Trump’s deportations, tariffs, federal layoffs and funding suspensions have generated nonstop headlines and frayed confidence, yet left surprisingly little trace on the economy. Hiring, spending and inflation look a lot like they did under Joe Biden. As Trump’s first 100 days draw to a close, Kate Linebaugh and Molly Ball explore the state of the U.S. economy with Chief Economics Commentator Greg Ip and try to understand what might be coming next. Further Listening: - Taking Stock of the ‘Sell America’ Trade - Inside the Harvard vs. Trump Battle - How Frog Embyros Landed a Scientist in ICE Detention Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
Full Episode
Hey, Molly. Hey, Kate. How was your break? It was wonderful. And while I love my job, it was great to get away.
And while you were away, were you able to get away from all things Trump?
Well, pretty much. I mean, interestingly, the vacation I took for my kids' spring break was to Panama, which you may have noticed has been in the news lately. As you might expect from, you know, locals and tour guides and so forth, there were a few references to the fact that this country has been in the news recently.
Did you go to the Panama Canal?
I did. I actually spent my birthday on the Panama Canal on Sunday. And it was really cool.
That's like the most Molly Ball thing ever. You chose to spend your birthday on the Panama Canal. So now that we're back, what's on your mind?
Well, it does seem like I missed a lot of gyrations in ye olde economy. Like there was a lot of back and forth about the tariffs and the deals and the economic stuff. And the markets. So I'm trying to catch up on where all that stands. All right, then. So let's dive in.
From the Journal, this is Trump 2.0. I'm Kate Leinbaugh. And I'm Molly Ball. It's Friday, April 25th. Coming up on the show, we'll talk about markets, the economy, and of course, some tariffs. So, Molly, Trump won the election in large measure by promising to fix the economy, bringing down inflation, restoring manufacturing. And one of the tools he talked about a lot was tariffs.
How is all this going?
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