Global News Podcast
Trump recognises tariff 'transition problems'
Apr 11, 2025
John Sudworth, a reporter closely following President Trump's cabinet meetings, shares insights on the market turmoil resulting from the administration's hefty 145% tariff on China. Erin Delmore, North America's business correspondent, elaborates on how these tariff changes shake up economic forecasts. The discussion dives into the global ramifications of these trade tensions, the trickle-down effects on international alliances, and even a surprising luxury fashion deal with Prada's acquisition of Versace.
30:11
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Quick takeaways
- President Trump's new tariff policies have created market uncertainties, raising concerns about economic ramifications and transition costs for investors.
- China's response to U.S. trade tensions reflects a growing confidence in its ability to endure economic challenges and establish new alliances.
Deep dives
Stock Market Turmoil and Trade Policy Impact
Recent tariff policies introduced by President Trump have led to significant turmoil in the stock market, raising concerns about the economic ramifications. Initially, the market reacted positively to his announcement of a temporary 90-day halt on tariffs for most countries, but it quickly reversed course as uncertainties loomed, particularly regarding the 145% tariffs imposed on Chinese goods. Investors are wary of the transition costs mentioned by Trump, which suggest potential fluctuations in the market despite his optimistic reassurances. The accusations of market manipulation also cloud the president's social media activities preceding the tariff announcement, as questions arise about his intentions and effects on stock prices.
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