Liberation day or demolition derby?
The Story
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4 • 1.5K Ratings
🗓️ 1 April 2025
⏱️ 33 minutes
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Summary
Donald Trump will reveal his much-awaited tariffs today on a day he’s called ‘Liberation Day’, as world leaders and the global markets brace for impact. Speculation has been rife over how large they will be and who they will affect, as Britain's foreign secretary says we must ‘prepare for the worst.’ But what are Trump’s motives? And will they shatter the current economic world order?
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Guest: Dominic O’Connell, Business Correspondent, Times Radio and Columnist, The Times.
Host: Luke Jones.
Producer: Sam Chantarasak.
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Transcript
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| 0:00.0 | The day is B.E. Day. The war is overing moon. The Queen waves from the Belgian. |
| 0:05.0 | The Eagle has landed. Apollo 11 has been tearing down the Berlin War. |
| 0:08.6 | Since 1929, the Monk's Investment Trust's mission has been to help investors grow their wealth. |
| 0:14.9 | We aim to do this today by taking a three-dimensional approach to growth, cyclical growth, rapid growth, and steady growth. |
| 0:22.3 | The Wall Street is in turmoil as stocks credit. The Monk's Investment Trust, managed by Bailey Gifford, |
| 0:29.2 | Capital at Risk. Belubbed author of War Horse Michael Mepergo takes a journey through spring, |
| 0:35.4 | seen through the nature around his Devon home. |
| 0:38.3 | Our spirits rise daily with every bank of daffodils we see, |
| 0:42.3 | with the sight of the darting wren, building her nest by the front door, |
| 0:47.0 | with the pied wagtails washing themselves diligently in the gutters, |
| 0:50.9 | with the blossom of the plum tree blooming in our garden. |
| 0:54.0 | Spring, a memoir of springtime joy. |
| 0:56.9 | Out now in audiobook, hardback and e-book. |
| 1:03.9 | From The Times and the Sunday Times, this is The Story. |
| 1:07.5 | I'm Luke Jones. |
| 1:18.8 | Okay. story. I'm Luke Jones. Donald Trump has long been referring to today, the second of April, |
| 1:27.8 | as Liberation Day. This is the beginning of Liberation Day in America. I call it Liberation Day. |
| 1:29.7 | April 2nd is Liberation Day. |
| 1:33.4 | We have Liberation Day, as you know, on April 2nd. |
| 1:36.6 | But what that means is very unclear. |
| 1:42.8 | On the tariffs that you're planning, |
| 1:47.9 | so you're expecting to hit something like 10 to 15 countries, is that right? |
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