4.3 • 13.3K Ratings
🗓️ 3 April 2025
⏱️ 5 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | This message comes from MintMobile. MintMobile took what's wrong with wireless and made it right. |
0:05.3 | They offer premium wireless plans for less, and all plans include high-speed data, unlimited talk and text, and nationwide coverage. |
0:12.2 | See for yourself at mintmobile.com slash switch. |
0:16.8 | Live from NPR News in Washington, I'm Jack Spear. |
0:21.5 | U.S. stock markets just ended their worst day in five years as investors reacted to President |
0:27.7 | Trump's latest tariffs plan. As NPR's Maria Aspun explains, the Dow was down nearly |
0:32.7 | 4%. Investors, businesses, and consumers are all trying to process the implications of President Trump's newest sweeping tariff plan for the global economy. |
0:42.9 | All of the major U.S. stock indices plummeted. |
0:45.9 | Major household names, including Nike, Apple, and Amazon, lost billions of dollars in value. |
0:52.3 | Trump has ordered a minimum 10% tax on nearly all imports starting |
0:56.2 | this weekend, and much higher tariffs on goods from dozens of countries, including some of the |
1:01.6 | United States' closest allies. Economists warn the new taxes will make consumers pay higher prices |
1:07.7 | and weaken the broader U.S. economy. The Investment Bank, J.P. Morgan, is now warning that the tariffs, if sustained, will push both the U.S. and the world into a recession. Maria Aspen and PR News, New York. |
1:21.3 | The Dow dropped more than 1,600 points. The NASDAQ fell more than 1,000 points. The S&P was down 274 points today. |
1:29.1 | Despite the $2.5 trillion in wealth erased today by Wall Street's drastic plunge, |
1:35.2 | President Trump seemed largely unfazed by market reaction. Trump aboard Air Force One, |
1:40.2 | defending his steep tariffs on imported goods, comparing the U.S. to a sick patient in even operation. |
1:46.0 | I'm saying the tariffs will boost U.S. bargaining ability. |
1:48.5 | With TikTok as an example, we have a situation with TikTok where China will probably say, |
1:58.0 | will approve a deal, but will you do something on the tariffs? The tariffs give |
2:02.4 | us great power to negotiate. Always have. I've used them very well. Trump again saying the |
2:07.4 | tariffs will reverse unfair treatment by America's trading partners. China, a key exporter to the U.S. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from NPR, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of NPR and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.