Newscast Trump’s Tariffs: The Beginning
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Apr 5, 2025 
Join Stephanie Flanders, Head of Economics and Politics at Bloomberg and former BBC economics editor, alongside Justin Webb, presenter of Americast and ex-BBC America editor, as they tackle the implications of Trump's new 10% tariffs. They discuss market reactions, political fallout within the Republican Party, and how these tariffs create uncertainty for global financial markets and supply chains. The conversation also uncovers the growing discontent with the U.S. economic system and the complexities faced by small businesses amid international trade challenges.
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Market Impact of Tariffs
- Trump's tariffs significantly impacted global markets, exceeding expectations.
- Markets were shocked by the combination of baseline and variable tariffs, signaling long-term changes.
Tariff Implications for Businesses
- Tariffs increase import costs, disrupting established global supply chains.
- This poses challenges for businesses with narrow margins, potentially impacting consumer prices.
Trump's Shifting Priorities
- Wall Street initially bet on Trump's pro-business rhetoric, but his focus shifted.
- He prioritized bringing production back to the US, concerning some market participants.