Evening Edition: Markets React To Tariff Announcements

The Fox News Rundown

FOX News Radio

Politics, Daily News, News

3.4 • 1.5K Ratings

🗓️ 3 April 2025

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

All three major indices fell sharply after President Trump announced his massive tariff plan. President Trump set a new 10-percent baseline tariff on imports and added a “reciprocal tariff” on certain countries for conducting nefarious business practices. The announcement also rippled through world markets causing concern of a global downturn. FOX’s Jared Halpern speaks with Gary Kaltbaum, President of Kaltbaum Capital and Fox News Business Contributor, who says the markets could stabilize when investors have a clearer picture of the policies. Click Here To Follow 'The FOX News Rundown: Evening Edition' Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	I'm Jason Chaffetz.
0:01.1	I'm Emily Campano.
0:02.5	I'm Greg Gutfeld, and this is the Fox News Rundown.
0:09.6	Thursday, April 3, 2025.
0:13.1	I'm Jared Halpern.
0:14.4	Wall Street has its worst day in five years following President Trump's tariff announcements
0:19.5	and the world's reaction.
0:21.3	So it's really throw the dark time on what people and countries decide to do.
0:25.8	Just remember, we're dealing with people here, and we're dealing with egos and leaders of their
0:30.2	countries, and typically they don't want to show that they're giving in to anybody.
0:35.8	This is the Fox News Rundown Evening Edition.
0:43.1	Hey, I'm Trey Gowdy host of the Trey Gatti podcast.
0:46.2	I hope you will join me every Tuesday and Thursday as we navigate life together
0:50.5	and hopefully find ourselves a little bit better on the other side.
0:54.0	Listen and follow now at Fox News Podcast.com.
0:57.8	The day after President Trump declared a liberation day, imposing wide-ranging tariffs,
1:03.5	Wall Street reacted with a sell-off.
1:06.3	The Dow Jones down nearly 1,700 points, the single worst day since 2020.
1:12.3	The S&P 500 shed nearly 5%.
1:15.5	Officials at the White House believe this is all short term as investors, companies, and foreign trading partners adjust to a better deal for American workers and farmers.
1:26.5	Leaving the White House this afternoon, President Trump did
1:29.3	not share any second thoughts. The markets are going to boom, the stocking's going to boom,
	...

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