Businessweek Daily

Tariff Pullback Shows Trump Isn’t Immune to Wall Street After All

Plus: The high cost of indiscriminately firing government experts.

President Donald Trump announcing tariffs in the White House Rose Garden on April 2. — President Donald Trump announcing tariffs in the White House Rose Garden on April 2.
Photographer: Kent Nishimura/Bloomberg

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By Brad Stone

April 9, 2025 at 3:35 PM EDT

President Donald Trump surprised everyone this afternoon when he pulled back on some of the most severe tariffs announced just a week ago on “Liberation Day.” Businessweek editor Brad Stone provides some quick analysis. Plus: Mass government firings lead to a loss of expertise, and why everyone is still talking about Netflix’s Adolescence.

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