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Good evening, welcome to Navarra Live. My name's Stephen Methurn. And don't worry, I haven't done a coup on the whole organisation. Not yet anyway. Dahlia Gabriel was supposed to host this evening, but unfortunately she's not feeling very well. So feel better soon, Dahlia. Later in the show, I'm going to be joined by Helena, aka No Justice MTG, as well as by

economist James Medway and Joe Michel. Coming up tonight, we'll, of course, be discussing the big

story of the day, if not the month, if not the year, Trump's tariffs. But following that,

Hungary has withdrawn from the ICC following a state visit from Benjamin Netanyahu,

and the Israeli embassy has accused Sadiq Khan of inciting Hamas propaganda.

Let's go to our first story.

It was a speech that took just a little under an hour, but in that short time,

US President Donald Trump managed to turn the global economic order upside down.

His so-called Liberation Day speech in the White House Rose Garden was all about leveling

the trade playing field by applying tariffs on foreign imports into the U.S.

And he began by laying out his grievances.

For decades, the United States slashed our trade barriers on other countries,

while those nations placed massive tariffs on our products and created outrageous non-monetary barriers

to decimate our industries, and in many cases, the non-monetary barriers were worse than the monetary ones.

They manipulated their currencies, subsidized their exports, stole our intellectual property,

imposed exorbitant VAT taxes to disadvantage our products, adopted unfair rules and technical

standards, and created filthy pollution havens.

They were absolutely filthy, but they always came to us, and they said, we're violating.

We should pay for it.

Now, the White House has been very keen to label the new tariffs as reciprocal,

...