"A Dramatic Reshaping Of U.S. Trade": Liberation Day Tariffs Unpacked

The Fox News Rundown

FOX News Radio

Politics, Daily News, News

3.4 • 1.5K Ratings

🗓️ 3 April 2025

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Trump’s “Liberation Day” tariffs have come, and there’s plenty to dissect. A new universal baseline tariff of 10 percent applying to all countries moving their goods into the United States. A confirmation of 25 percent tariffs on all foreign-made automobiles and parts starting April 3rd. President Trump in the Rose Garden on Wednesday told the press that April 2nd will mark the day ‘America stopped getting ripped off and taken advantage of.’ FOX Business correspondent Jeff Flock joins to break down the President’s major policy changes on trade and how they stand to impact consumers and the auto industry. But first, we’re unpacking that Bill Hemmer exclusive with the astronauts Butch Wilmore and Suni Williams, who have just returned home after being stranded in space for nine months. Their original mission was expected to last eight days, but they told Hemmer, co-host of America's Newsroom, that the extended stay wasn't too difficult. On the Rundown, Bill Hemmer discusses his FOX News exclusive and shares details from his tour of the Johnson Space Center in Houston, Texas. Plus, commentary from FOX News contributor Liz Peek. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	I'm Todd Piro.
0:00.9	I'm Emily Campanio.
0:02.3	I'm Ben Dominic, and this is the Fox News Rundown.
0:09.0	Thursday, April 3rd, 2025.
0:13.5	I'm Dave Anthony.
0:15.4	Two astronauts, back from a longer-than-expected mission in space, gave their first interview to Bill Hemmer.
0:22.2	I was very honored to be there to meet them and just to spend a little more time than just like talking to people through a satellite window.
0:30.1	Telling you, America's in good hands with people like this.
0:33.4	And Lisa Brady. The president says tariffs will make America wealthy again, hoping to break down trade barriers.
0:40.4	The reality is whatever solution you come up with is not going to make everybody happy.
0:44.9	We're either going to get cheaper cars and have more people employed, perhaps, or, you know, there are tradeoffs to be made all along.
0:51.7	I'm Liz Peek. I've got the final word on the Fox News rundown.
1:00.8	Now that they're used to gravity again, the two astronauts stuck in space for months after the new Boeing Starliner had technical problems and couldn't bring them back home.
1:10.8	Met with Boeing yesterday.
1:12.9	This is the most robust spacecraft we have in the inventory.
1:17.3	Butch Wilmore has a lot of praise for the new Starliner,
1:20.6	but we'll be a key advisor helping Boeing understand what went wrong.
1:25.4	There were some shortcomings in tests, shortcomings in preparation that we
1:28.5	did not foresee. So, yeah, are there, could you point fingers? I don't want to point fingers. I hope
1:33.1	nobody wants to point fingers. We don't want to look back and say, shame, shame, we want to look forward
1:37.5	and say, let's rectify what we've learned. Wilmore and Sonny Williams, we're only supposed to be
1:42.1	at the International Space Station for a little over a week last June, but had to stay there for almost nine months.
	...

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