Stock markets around the world have taken a beating since Donald Trump unveiled his new tariffs. And it's not just the president's blue-collar base who'll feel the pain, so will his billionaire backers. As many in the MAGA coalition become more vocal, will Trump back down or hold fast to his 'medicine'?

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Guest: Gerard Baker, columnist, The Times.

Host: Manveen Rana.

Producers: Edward Drummond and Sam Chantarasak. 

Further reading: Trump tests America’s threshold for pain

Clips: CNN, ABC News, CBS News, Bloomberg, NBC News, CNBC, BBC News, New York Post. 

Photo: Getty Images. 

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