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1A

ICYMI: Trump's 'Liberation Day' Tariffs Are Almost Here

1A

NPR

News

4.44.3K Ratings

🗓️ 1 April 2025

⏱️ 15 minutes

🧾️ Download transcript

Summary

President Donald Trump's "Liberation Day" of reciprocal tariffs is almost here.

On April 2, Trump is rolling out a plan that would charge a blanket dollar for dollar tax on goods coming into the U.S. Trump clarified Sunday that this policy would apply to all countries instead of a more focused list.

The uncertainty around and scope of these tariffs (and a potential trade war) has spooked Wall Street and raised fears of inflation.

We discuss America's financial future.

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Transcript

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0:28.7

You're listening to the One-A podcast. I'm Jen White. And this is in case you missed it,

0:38.4

where we bring you some of the week's biggest conversations you might have missed. A President Donald Trump's quote-unquote liberation day, that's when he'll enact reciprocal tariffs on all other countries is almost here. They're reciprocal. So whatever they charge us, we charge them,

0:44.9

but we're being nicer than they were. We have a lot of countries, friend and foe. I always say friend

0:49.8

and foe, but the friend in many cases is worse than the foe. They took advantage of us.

0:55.6

The uncertainty of these sweeping tariffs and an escalating trade war has spooked Wall Street

1:00.3

and raised fears of a recession. After the break, we take a look ahead to what Trump calls

1:05.5

Liberation Day and the stock market turbulence. Joining us for that is Mike Bird. He's the Wall Street editor at The Economist and co-host of the Money Talks podcast.

1:15.4

This story is rapidly changing.

1:17.3

For all the latest, tune in to your local NPR member station or visit npr.org.

1:22.3

Back with more in a moment.

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Visit wise.com. TNCs apply.

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