Newscast
Trump’s Tariffs: The Reaction
Apr 3, 2025
Join Dharshini David, BBC deputy economics editor, and Ben Chu, BBC Verify policy and analysis correspondent, as they delve into the surprising reactions to Trump’s tariffs. They analyze how the American stock market unexpectedly surged and how international markets, particularly in the UK and Asia, faced turmoil. The duo discusses the complexities of tariff calculations, unexpected impacts on major brands like Apple, and the broader implications for U.S. agriculture and global trade relations. Expect insights into the economic uncertainties at play.
29:27
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Quick takeaways
- Trump's tariffs have led to immediate market reactions, with the S&P 500 rising while the UK’s FTSE 100 dropped significantly.
- The opaque methodology behind tariff calculations raises concerns about fairness and its impact on multinational companies like Apple and Nike.
Deep dives
Impact of Trump's Tariffs on Global Markets
The announcement of new tariffs by Donald Trump has caused significant immediate reactions in global markets. The S&P 500 index, which reflects the performance of the largest American firms, opened up by 0.67%, despite initial anticipations of a decline due to these tariff policies. However, the UK market faced a stark contrast, with the FTSE 100 reporting a notable drop of 1.5%. This fluctuation illustrates the nervousness among traders regarding potential longer-term impacts on global trade and economic growth.
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