meta_pixel
Tapesearch Logo
Log in
PBS News Hour - Segments

The impact Trump’s tariffs are already having on global supply chains and U.S. businesses

PBS News Hour - Segments

PBS NewsHour

Daily News, News

4.11K Ratings

🗓️ 8 May 2025

⏱️ 11 minutes

🧾️ Download transcript

Summary

President Trump and British Prime Minister Keir Starmer announced a new trade agreement. Other countries, including China, remain open to negotiating with the U.S, but some of the tariffs are having real impacts on American businesses and their supply chains. William Brangham discussed more with Ryan Petersen, the founder and CEO of Flexport, a supply chain management firm. PBS News is supported by - https://www.pbs.org/newshour/about/funders

Transcript

Click on a timestamp to play from that location

0:00.0

President Trump and British Prime Minister Kier Starrmer announced a new trade agreement today.

0:05.3

Many of the details are still being hammered out, but Mr. Trump said he believes it will be the first of many in response to his tariffs.

0:12.3

As William Brigham reports, other countries, including China, remain open to negotiating with the U.S.,

0:18.3

but it's far from clear how many will strike a deal.

0:22.3

This is a very special day because it's Victory Day, World War II, May 8th.

0:27.6

On the 80th anniversary of World War II's Victory Day in Europe, President Trump sought to claim

0:33.8

a different kind of victory in the Oval Office.

0:37.1

It's just incredible that that day is the same day that we signed a tremendous trade deal

0:42.7

for both countries.

0:44.4

Surrounded by British diplomats, the president announced the rough framework for a trade

0:49.0

agreement with the United Kingdom, the first deal since he imposed sweeping tariffs on countries around the world

0:55.8

last month.

0:57.0

The deal includes billions of dollars of increased market access for American exports, especially

1:02.8

in agriculture, dramatically increasing access for American beef, ethanol, and virtually all

1:10.1

of the products produced by our great farmers.

1:13.6

I'm delighted to welcome you to say a few words.

1:16.6

From a factory in the UK, British Prime Minister Kier Starrmer praised the arrangement,

1:22.6

which is seen as a political victory for his centre-left government.

1:26.6

I wanted to come to you to announce that we've agreed the basis of a historic economic prosperity

1:34.3

deal. And that is a deal that will protect British businesses and save thousands of jobs in Britain.

1:42.3

While Trump and Sturmer called the framework a deal, the specific details are unclear.

1:48.0

The agreement will leave the 10% tariffs Trump imposed on all nations, including the UK, in

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from PBS NewsHour, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of PBS NewsHour and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.