Expert Economists on Trump's Tariffs and the Fall of World Markets | Amanpour and Company

Tariff turmoil grows as markets tumble across the world after President Trump said he won’t back down from his aggressive trade policies. Markets opened in bear market territory Monday -- a 20% decline from a recent peak. This followed a historic rout in Asia and massive losses in Europe. The economy Trump inherited from the Biden administration was in a very good place. In spite of troubling inflation, a recession failed to materialize. JPMorgan Chase now says a recession is likely this year. And tariffs will raise prices by up to 2%. Betsey Stevenson is a former economic adviser to President Obama and an economics professor at the University of Michigan. Stevenson joins the show with UM faculty colleague Justin Wolfers.

Originally aired on April 17, 2025

----------------------------------------------------------------------------------------------------------------------------------------

Major support for Amanpour and Company is provided by Jim Attwood and Leslie Williams, Candace King Weir, the Sylvia A. and Simon B. Poyta Programming Endowment to Fight Antisemitism, the Leila and Mickey Straus Family Charitable Trust, Mark J. Blechner, the Filomen M. D’Agostino Foundation, Seton J. Melvin, the Peter G. Peterson and Joan Ganz Cooney Fund, Charles Rosenblum, Koo and Patricia Yuen, Barbara Hope Zuckerberg, and Jeffrey Katz and Beth Rogers.

Subscribe to the Amanpour and Company channel here: https://bit.ly/2EMIkTJ

Subscribe to our daily newsletter to find out who's on each night: http://www.pbs.org/wnet/amanpour-and-...

For more from Amanpour and Company, including full episodes, click here: https://to.pbs.org/2NBFpjf

This program is made possible by viewers like you. Please support your local PBS station: http://www.pbs.org/donate

Like Amanpour and Company on Facebook: https://bit.ly/2HNx3EF

Follow Amanpour and Company on Twitter: https://bit.ly/2HLpjTI

Follow Amanpour and Company on Instagram: https://bit.ly/3SaTUhk

Watch Amanpour and Company weekdays on PBS (check local listings).

Amanpour and Company features wide-ranging, in-depth conversations with global thought leaders and cultural influencers on the issues and trends impacting the world each day, from politics, business and technology to arts, science and sports. Christiane Amanpour leads the conversation on global and domestic news from London with contributions by prominent journalists Walter Isaacson, Michel Martin, Alicia Menendez and Hari Sreenivasan from the Tisch WNET Studios at Lincoln Center in New York City.

#amanpourpbs