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The News Agents

Has Brexit really saved us from Trump's trade war?

The News Agents

Global

Daily News, Politics, Government, News

4.15.4K Ratings

🗓️ 3 April 2025

⏱️ 47 minutes

🧾️ Download transcript

Summary

Declaring 'Liberation Day' for the USA, Donald Trump accused other countries of having "looted, pillaged, raped and plundered" America's economy. What he announced has sent tremors around the global economy and his own - Trump has set the stage for a global trade war.

His tariffs start at 10% and go up to as high as 74% for an unlucky few states like Bangladesh and Serbia. It’s mathematical spaghetti. The UK has avoided the higher EU rate of 20% - so do Leavers have a point when they tell us that Brexit saved us? Or is it all a bit more complicated than that? Later, why are Elon and Donald consciously uncoupling. Is Trump starting to see Musk as a loser?

Don’t forget you can also subscribe to our other News Agents podcasts via the link below:

https://linktr.ee/thenewsagents

The News Agents is brought to you by HSBC UK - https://www.hsbc.co.uk/

Transcript

Click on a timestamp to play from that location

0:00.0

The Newsagents podcast is brought to you by HSBC UK, opening up a world of opportunity.

0:08.8

This is a global player original podcast.

0:12.2

American industry was reborn, the day America's destiny was reclaimed,

0:17.8

and the day that we began to make America wealthy again.

0:23.6

I'm going to make it wealthy, good and wealthy.

0:26.6

For decades our country has been looted, pillaged, raped and plundered by nations near and far,

0:32.6

both friend and foe alike, American steelworkers, order workers, How stupid are you feeling now that you didn't realize how badly looted, raped, pillaged

0:42.3

America had been over these past decades.

0:44.3

That's Trump talking about his tariffs that were announced last night.

0:48.3

In Britain there is this exhalation of relief that the tariffs were only 10%

0:53.3

and in certain quarters they are saying this is all thanks to Brexit.

0:59.4

But does that claim withstand scrutiny? Welcome to the newsagents.

1:07.8

The newsagents. It's John. It's Emily.

1:11.5

It's Lewis.

1:12.5

And Donald Trump went big.

1:14.8

He likes to talk about things being the biggest, the greatest, the most superlative ever.

1:19.7

And let's face it, what he announced last night fits all of those descriptions, because this is the biggest move on free trade in a century probably

1:30.4

and is going to have an enormous effect on the global economy and most economists would say it's going

1:38.7

to be disastrous the consequences but Donald Trump is talking about making America wealthy again, and for the long term,

1:46.0

he's saying there are sunny uplands. The one comment I saw was, yeah, in the long term, it may well

1:51.6

be advantageous. In the long term, we'll probably be dead. If Trump actually sustains the tariffs,

1:57.4

which obviously is a big if, he sometimes comes along and says he's going to do something and then he doesn't.

...

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