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Crossroads with Joshua Philipp

Global Impact of ‘Liberation Day’ Tariffs

Crossroads with Joshua Philipp

The Epoch Times

Government, Education

4.9594 Ratings

🗓️ 5 April 2025

⏱️ 66 minutes

🧾️ Download transcript

Summary

President Donald Trump carried through with his global tariffs for what he deemed “Liberation Day.” This includes sharp tariffs against many countries in the world, while offering a way out if they drop their tariffs and trade barriers against the United States. The day after, the stock markets saw a huge selloff, in what some framed as an attempt to short the market. Yet already, many countries are saying they’re ready to negotiate.

Transcript

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0:00.0

President Donald Trump has carried through with his global tariffs for what he's deemed Liberation Day.

0:06.0

And the day after the stock market, it saw a huge sell-off, and what some have framed as an attempt to short the market.

0:13.0

But look, already, many countries are saying that they're ready to negotiate.

0:17.0

Meanwhile, the United States has now banned government employees in China from having romantic

0:22.9

and sexual relations of Chinese citizens.

0:26.1

And speaking of China, Trump has also eliminated one of the special trade exemptions the

0:31.3

Chinese regime was getting.

0:33.3

It's the one that let them ship to the United States at artificially low costs.

0:37.8

And eliminating this will probably torpedo Chinese online retailers like Shian and Temu.

0:45.5

I'm the Epic Times Senior Investigator reporter Joshua Phillip and you're listening to Crossroads. President Donald Trump, he did it. He did what he said he'd do. He carried out the Liberation Day tariffs.

1:02.0

This includes sharp tariffs against most countries in the world.

1:07.0

And it offered a way out if they drop their tariffs and trade barriers against

1:11.8

the United States. They can just drop their trade barriers, we'll drop ours, and that's

1:16.4

kind of where things are at. Now look, the day after all that happened, the stock markets

1:21.2

saw just huge sell-off. Now, some have framed this as an attempt to short the market. The allegation to some people

1:28.6

are doing this maybe intentionally. But look, already, many countries are saying they're ready

1:33.0

to come to the plate. They're ready to find a way out of this. They're ready to talk.

1:37.5

The impact of the tariffs is seen almost immediately. Now, look, there are different takes on

1:42.7

whether it's because of actual bad outlooks on profits or if it was something else.

1:47.4

On Trump's side, he seems pretty confident, though, this is going to be temporary.

1:51.5

The Epic Times said this.

1:53.1

Speaking briefly before reporters heading to Florida to participate in a golf event,

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