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The Rich Zeoli Show

China Threatens U.S. with New Tariffs. Trump Responds Forcefully.

The Rich Zeoli Show

Audacy

News

4.9 • 1.6K Ratings

🗓️ 7 April 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

The Rich Zeoli Show- Hour 4: 6:05pm- On Monday, President Donald Trump met with Israeli Prime Minister Benjamin Netanyahu in the Oval Office. During the meeting Trump answered numerous questions from the press—many regarding tariffs and the U.S. economy. Netanyahu pledged to eliminate the trade deficit between the U.S. and Israel and reduce tariffs on U.S. imports to 0%. Similarly, Vietnam has pledged to reduce its tariffs to zero—however, while appearing on CNBC’s Squawk Box, White House Trade Advisor Peter Navarro said it was “a small first start” and insisted the nation must also end trade “cheating.” During the interview, Navarro specifically mentioned Chinese products routed through Vietnam to avoid paying additional fees. 6:10pm- In response to the Trump Administration’s reciprocal tariffs and the stock market’s reaction, Goldman Sachs is now placing the likelihood of a recession at 45%. Treasury Secretary Scott Bessent has downplayed the market’s concern—noting that as many as 70 nations have already reached out to the administration offering more favorable trade terms to the United States. 6:30pm- China has vowed to place an additional 34% tariff on U.S. imported goods—matching the tariffs the Trump Administration announced against Chinese-made products. In a post to Truth Social, Trump warned that if China retaliates, he will impose an additional 50% tariff on their goods effective on April 9th. Trump continued: “Negotiations with other countries, which have also requested meetings, will begin taking place immediately.” Weekday afternoons on Talk Radio 1210 WPHT, Rich Zeoli gives the expert analysis and humorous take that we need in this crazy political climate. Along with Executive Producer Matt DeSantis and Justin Otero, the Zeoli show is the next generation of talk radio and you can be a part of it weekday afternoons 3-7pm.

Transcript

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0:00.0

The Rich Zioly Show podcast is sponsored by Mike Vaneria Jr.

0:03.6

With Osperity Private Wealth.

0:05.4

Hi, I'm Mike Vaneria Jr., wealth management specialists.

0:08.2

Make your retirement dreams a reality by creating your retirement plan today.

0:11.7

Call me at 856-252-0107.

0:16.0

The Treasury Secretary Scott Besten says more than 70 countries are trying to make a deal with the United States, trying to talk to them as the stock market today did not have the crash that some people had predicted it would have. Thank God. That's the good news.

0:30.6

And NASDAQ actually even finished in the green today. And the S&P was down and the Dow Jones Industrial Averageger is down too. I'm not saying it's rosy.

0:38.4

It's not Rosie, but it's not, you know, it's not Black Monday.

0:41.2

It's not 1987 all over again.

0:43.6

The president putting out on true social, don't be weak, don't be stupid, don't be a

0:47.3

panic in a new party based on weak and stupid people.

0:52.6

Be strong, courageous, and patient, and greatness will be the result.

0:56.7

The United States has a chance to do something it should have been done decades ago, in all caps.

1:02.3

Don't be weak, don't be stupid.

1:03.7

Don't be a panicking.

1:06.2

Be strong, courageous, and patient, and greatness will be the result.

1:11.6

Now, I share this clip with you if I could.

1:15.3

This is from earlier today, the Treasury Secretary.

1:20.4

I played this in the 5 o'clock hour, but it's worth playing again here in our fourth and final hour, too.

1:24.0

Scott Besson saying there's 70 countries, 70 countries, excuse me,

1:31.0

trying to come to the U.S., trying to make a deal, trying to make this all work. Take a listen.

1:39.3

Larry, I can tell you that there are 50, 60, maybe almost 70 countries now who have approached us. So it's going to be a busy April, May, maybe into June.

...

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