![What did Trump just do to the economy? [Video]](https://canadanewsvideo.com/wp-content/uploads/2025/04/mp_752217_0_2208435568jpg.jpg)
U.S. President Donald Trump announced a 90-day pause on much of what he calls “reciprocal tariffs” barely a week after first imposing them — while also implementing a 10 per cent tariff across the board on most countries, and a whopping 145 per cent tariff on China.
Markets first soared at the news, then went back into freefall. Members of Trump’s cabinet claimed this was the strategy all along. The chaos even brought the stability of U.S. government bonds into question.
Justin Wolfers, a professor of economics at the University of Michigan, unpacks what’s really going on here, and why Trump’s past dealings with Canada could provide some insight into how it will all shake out.
For transcripts of Front Burner, please visit: https://www.cbc.ca/radio/frontburner/transcripts
Subscribe to Front Burner on your favourite podcast app.
![Day 1 of advance voting sees long lines at Metro Vancouver polling stations [Video]](https://canadanewsvideo.com/wp-content/uploads/2025/04/mp_755022_0_longlineupsurreyadvancevotingjpeg.jpg)
![Mark Carney and Pierre Poilievre see very different threats to Canada [Video]](https://canadanewsvideo.com/wp-content/uploads/2025/04/mp_755007_0_fedelxndebates20250417jpg.jpg)
![Kamloops, B.C., school district could cut nearly 80 positions [Video]](https://canadanewsvideo.com/wp-content/uploads/2025/04/mp_753012_0_kamloopsschoolboardofficejpg.jpg)
![Japan qualify for BJK Cup finals with win over Canada [Video]](https://canadanewsvideo.com/wp-content/uploads/2025/04/mp_752951_0_67fb9cfd90799imagejpg.jpg)
