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Today, Explained

I was told there would be deals

Today, Explained

Vox

Daily News, Politics, News

4.49.5K Ratings

🗓️ 9 July 2025

⏱️ 29 minutes

🧾️ Download transcript

Summary

After pressing pause on the steepest tariffs, the Trump Administration promised 90 tariff deals in 90 days. That deadline is nearly here but the deals are not. This episode was produced by Miles Bryan, edited by Jolie Myers, fact checked by Laura Bullard, engineered by Andrea Kristinsdottir and Patrick Boyd, and hosted by Noel King. Listen to Today, Explained ad-free by becoming a Vox Member: vox.com/members. Transcript at vox.com/today-explained-podcast. Photo of President Donald Trump on the South Lawn by Anna Moneymaker/Getty Images. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Tariff fever has gripped the White House again.

0:04.0

Trade advisor and longtime tariff stand, Peter Navarro, is back on CNBC.

0:10.0

The tariff revenues are coming in and really helping this country.

0:14.0

President Trump is sending Dear Mr. Japan letters to world leaders,

0:18.0

telling them that new tariffs are coming on August 1st. I have the signed letters that went out to both South Korea and Japan today,

0:24.6

and there will be approximately 12 other countries that will receive

0:28.6

notifications and letters directly from the President of the United States.

0:32.6

It's been exactly 90 days since Trump ordered us on Truth Social to be cool, as the stock market

0:38.8

twerked wildly following the shocking announcement that he would levy tariffs on every country

0:43.1

and also on some uninhabited islands near Antarctica, everything is going to work out, he wrote.

0:49.0

Then, like less than four hours later, he paused the tariffs and said he was ready to make

0:53.6

some deals. What deals he made

0:55.8

coming up on today, explained. Support for the program today comes from BetterHelp. Work can be

1:02.9

stressful. No way. Better help says therapy could help you navigate whatever challenges the work

1:08.6

day might bring. I was just talking to a colleague about

1:11.1

needing better help from some work-related stuff today. That's true. That's just true, but it was a

1:15.6

joke. Anyway, as the largest online therapy provider in the world, BetterHelp can provide access

1:19.5

to mental health professionals with a diverse variety of expertise. Our listeners get 10% off their

1:24.6

first month at BetterHelp.com slash explained. That's BetterHELP.com slash explained.

1:30.3

Support for this program comes from FM.

1:33.5

Established nearly two centuries ago, FM is a leading mutual insurance company

1:38.1

whose capital, scientific research capability and engineering expertise

...

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