The Journal. Trump’s Tariffs Force a New Era in Global Trade
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Apr 3, 2025 
Brian Schwartz, a White House economic policy reporter for WSJ, joins to unpack President Trump's groundbreaking announcement of sweeping tariffs on imports, marking a seismic shift in globalization. He discusses how this move has been a long time coming for Trump and what it signals for American manufacturing. The conversation also features an anxious business owner grappling with the survival of his company amid these tariffs. With Wall Street reeling and global markets reacting, the implications for the economy are profound.
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Historic Trade Shift
- President Trump's tariffs represent a significant shift in global trade.
- This attempt to reshape the world trade order could have short-term economic pain.
Trump's Tariff Poster
- Trump presented a poster listing countries facing new tariffs.
- This unusual move for a Republican president stunned reporters, highlighting a historic moment.
Reciprocal Tariffs and Trade Deficits
- Trump's reciprocal tariffs aim to balance trade deficits.
- He argues other countries have exploited the U.S., echoing criticisms of past trade deals like NAFTA.