Summary
Many businesses across the world will be waking up to new tariffs - Will Bain looks at how businesses are feeling and what the impact will be for them.
Transcript
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| 0:00.0 | You're about to listen to a BBC podcast, but this is about something else you might enjoy. |
| 0:05.4 | My name's Katie Lecky and I'm an assistant commissioner for on demand music on BBC Sounds. |
| 0:10.8 | The BBC has an incredible musical heritage and culture and as a music lover, I love being part of that. |
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| 0:34.9 | check out BBC Sounds. |
| 0:41.3 | BBC Sounds, music, radio podcasts. |
| 0:44.9 | Wake Up to Money from BBC 5 Live. |
| 0:47.8 | Hello, morning, welcome to Wake Up to Money. |
| 0:56.0 | In the last couple of minutes, the full range of US tariffs, including that 104% levy on all Chinese imports, have come into effect. |
| 0:58.8 | We'll have the very latest on how the markets are reacting. |
| 1:01.0 | And a spoiler alert, it's not good. |
| 1:06.6 | The government here in the UK is considering nationalising British steel as fears grow that the company's blast furnaces in Scunthor could run out of raw materials. |
| 1:10.9 | Within days, we're going to be hearing from one of British Steel's customers on how important the industry is. |
| 1:15.6 | And as you might have just heard in the news, a multi-billion pound deal is set to bring the first Universal Studios theme park in Europe to Bedfordshire. |
| 1:23.0 | We'll find out what it might mean for the local economy. |
| 1:25.2 | Wake up to Money with Will Bade. |
| 1:28.3 | Yeah, morning. Welcome to Wake Up to Money on Wednesday, the 9th of April, just gone 5 o'clock |
| 1:32.6 | in the morning. Will with you again today. Great to have you on what is going to be another |
| 1:35.9 | PAC program. Lots going on domestically that would normally keep us very busy. But once again, |
| 1:41.0 | tariffs are going to dominate because in the last few minutes, four and a half minutes ago to be precise, those extra, what President Trump calls reciprocal tariffs on some of the worst offenders as he sees it in terms of trade deficits with the United States have been hit with extra tariffs. |
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