Newscast
Trump’s Tariffs: Has He Backed Down?
Apr 9, 2025
Dharshini David, the Deputy Economics Editor, and Erin Delmore, North America Business Correspondent, dive into the turbulence caused by Trump's latest tariff announcements. They discuss the dramatic impacts on global markets and the challenges faced by American farmers and businesses like Nike and Apple. The duo also explores the bond market's shifts, the pressure on the U.S. Central Bank, and the intricate dance of U.S.-China trade relations. Plus, they reveal how these tariffs are shaping voter sentiment and broader economic dynamics.
30:01
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Quick takeaways
- Trump's announcement of a 125% tariff on China has caused significant market volatility, surprising traders and impacting global economic stability.
- The evolving U.S.-China trade relations are prompting companies to reassess their manufacturing strategies, highlighting the need for agility in international trade.
Deep dives
Escalating Tariffs and Market Impact
Donald Trump announced an increase in tariffs on China to 125%, citing disrespect towards global markets as the reason for this drastic measure. This significant hike is intended to curb the flow of goods from China to the U.S. and aims to protect American jobs. The announcement has led to substantial market volatility, with traders expressing surprise at the unexpected strength of these tariffs, which far exceeded their expectations. Consequently, the markets experienced immediate declines, illustrating the unpredictability of responses to major policy changes.
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