# Multimedia 

Multimedia 

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Unintended Consequences • April 17, 2025 

# Trade Policy as an Act of Self-Immolation 

On April 2, 2025, President Trump announced the largest tariffs in more than a century, sparking a stockmarket crash and heightening fears of a potential recession. It shouldn’t be a surprise for our listeners; one of our episodes last year covered the sweeping tariffs then being proposed by candidate Trump. But now that the tariffs are actually here, tune in as Paul and Peter discuss the likely negative effects for the US economy and American consumers. Then stick around for the second half of the episode for an update on the status of the TikTok ban.

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This work is licensed under a [Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License](https://creativecommons.org/licenses/by-nc-sa/4.0/). 

##### Featuring 

[![Paul Matzko](/sites/cato.org/files/styles/author_picture/public/2021-01/Paul%20Matzko.jpg?itok=CSzwMD2U)](/people/paul-matzko) 

##### [Paul Matzko](/people/paul-matzko)

Adjunct Scholar, Cato Institute

[![Peter Van Doren](/sites/cato.org/files/styles/author_picture/public/2021-01/Peter%20Van%20Doren.jpg?itok=H1lphT-7)](/people/peter-van-doren) 

##### [Peter Van Doren](/people/peter-van-doren)

Senior Fellow and Editor of *Regulation*

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](mailto:pvandoren@cato.org)