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The Rich Zeoli Show

Trump Announces 90-Day Tariff Pause, Stock Market Reacts with Big Gains

The Rich Zeoli Show

Audacy

News

4.9 • 1.6K Ratings

🗓️ 9 April 2025

⏱️ 188 minutes

🧾️ Download transcript

Summary

The Rich Zeoli Show- Full Show (04/09/2025): 3:05pm- In a post to Truth Social, President Donald Trump announced that he has “authorized a 90 day pause” on heightened reciprocal tariffs—with a much lower 10% universal tariff going into effect instead. China, however, will be charged with a 125% tariff. Trump insisted that China’s “days of ripping off the USA, and other countries, is no longer sustainable or acceptable.” 3:20pm- In response to President Donald Trump’s reciprocal tariff pause, the S&P 500 has risen over 9%. 3:40pm- Will Democrats give President Trump credit for getting tough on China? In 2005 Senator Chuck Schumer advocated for a 27% reciprocal tariff on Chinese imports—noting that their unfair trade practices prevent American goods from being sold in the Chinese market. Similarly, in 1996 Congresswoman Nancy Pelosi called the “U.S.-China trade relationship…a job loser for the United States.” 4:05pm- On Wednesday, from the Oval Office, President Donald Trump signed a series of executive orders aimed at reviving domestic shipbuilding and reversing onerous regulations adopted during the Biden Administration—explicitly mentioning burdensome regulations that limit water pressure. Trump joked that he needs adequate water pressure to properly maintain his “beautiful hair.” While speaking with the press, Trump also called out Harvard University for admitting students who aren’t competent in mathematics. According to reports, Harvard is now offering freshmen the opportunity to enroll in a remedial math course—as many incoming students don’t have the math skills necessary to excel at the Ivy League school. 4:30pm- Michael Whatley—Chairman of the Republican National Committee—joins The Rich Zeoli Show to react to President Donald Trump’s announced 90-day pause on reciprocal tariffs and the decision to place a tariff of 125% on Chinese goods. He explains: “For too long we had politicians in America that just rolled over and let China put these policies in place without any response.” Plus, Chairman Whatley discusses election integrity lawsuits still unfolding in Pennsylvania—pointing out that PA will undoubtedly be a crucial state in future elections. 5:05pm- On Wednesday, from the Oval Office, President Donald Trump signed a series of executive orders aimed at reviving domestic shipbuilding and reversing onerous regulations adopted during the Biden Administration—explicitly mentioning burdensome regulations that limit water pressure. Trump joked that he needs adequate water pressure to properly maintain his “beautiful hair.” While speaking with the press, Trump also called out Harvard University for admitting students who aren’t competent in mathematics. According to reports, Harvard is now offering freshmen the opportunity to enroll in a remedial math course—as many incoming students don’t have the math skills necessary to excel at the Ivy League school. 5:15pm- In a post to Truth Social, President Donald Trump announced that he has “authorized a 90 day pause” on heightened reciprocal tariffs—with a much lower 10% universal tariff going into effect instead. China, however, will be charged with a 125% tariff. Trump insisted that China’s “days of ripping off the USA, and other countries, is no longer sustainable or acceptable.” 5:20pm- While speaking at a dinner hosted by the National Republican Congressional Committee on Tuesday night, President Trump joked that countries were “kissing my ass” trying to make new trade deals. He also referred to Adam Schiff as “watermelon head” because he has an enormous noggin and an oddly thin neck. 5:25pm- In response to President Donald Trump’s reciprocal tariff pause, the S&P 500 has risen over 9%. According to reports, the S&P 500’s gains were the biggest one-day increase since October 2008. 5:30pm- Susan Crabtree—RealClearPolitics National Political Correspondent & Author of the book, “Fools Gold: The Radicals, Con Artists, and Traitors Who Killed the California D ...

Transcript

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0:00.0

The Rich Zioly Show podcast is sponsored by Mike Vaneria Jr. with Osperity Private Wealth.

0:05.4

Hi, I'm Mike Vaneria Jr., wealth management specialists.

0:08.2

Make your retirement dreams a reality by creating your retirement plan today.

0:11.7

Call me at 856-252-0107.

0:15.9

Want to go to the White House.

0:17.2

The president is speaking.

0:18.4

This is obviously a very, very big deal.

0:20.8

The announcement on the tariffs, and I assume he's going to be speaking about this any second

0:24.7

now. Justin is it live on your end at the moment? Okay, let's go ahead and listen to the president.

0:30.5

But he's done it 20 times, fellas. He must know something about cars and racing and trucks do, by the

0:35.8

way. He's got racers there. It's a racing photo op.

0:38.9

He's been a very special guy.

0:40.1

I assume he's going to comment on the tariffs,

0:41.9

given this tariff pause, it just happened.

0:44.6

The market's going crazy in a very good way, by the way.

0:47.3

And guts and grit.

0:48.1

Hello, fellas.

0:48.9

I didn't see you guys out there.

0:50.2

That's a good-looking couple of teams too. They have a lot of courage.

0:54.7

We'll see you in a second.

0:55.9

So we're joined by the 2023-2020-24 NASCAR champion, Ryan Blaney, and Joey Lugano.

1:04.2

That's really fantastic, fellas.

...

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