Trump’s Tariffs, Market Panic and What Comes Next

I'm John Caramonica, a critic at The New York Times. And I'm Joe Cascarelli, a culture reporter at The Times. Together we host Popcast, a weekly pop culture chat show where we speak to the biggest musicians, actors, internet celebrities, and more. We've had Bad Bunny, Olivia Rodrigo, and Anne Hathaway. We've also hosted live performances with Andre 3000 and Erica Badu.

Plus we end every conversation with a snack. Catch new episodes of Popcast every week on YouTube and anywhere you get your podcasts. From New York Times opinion, this is the Ezra Klein Show. Here's how the last week or so went. President Donald Trump unveiled a half-baked package of gigantic tariffs.

So half-baked, one of them was a tariff on a group of islands inhabited by penguins. Those tariffs threw the markets into chaos. That chaos, it should be said, was not simply the result of higher expected prices or supply chain disruptions. What markets hate is uncertainty.

We already have this episode, so unlocking it is cheap and permanent: the full transcript (62 minutes, 10,875 words), segment and word-level timestamps, and .txt, .srt, .vtt and word-level JSON downloads, as many times as you like, forever.

No account needed, we create one from your checkout email. With credits it is 1 credit; packs start at 10 episodes for $5, and monthly plans are cheaper still.