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The Rich Zeoli Show

Trump Announces Reciprocal Tariffs & 10% Universal Baseline Tariff

The Rich Zeoli Show

Audacy

News

4.9 • 1.6K Ratings

🗓️ 2 April 2025

⏱️ 45 minutes

🧾️ Download transcript

Summary

The Rich Zeoli Show- Hour 3: 5:05pm- In response to President Donald Trump’s tariff announcement, futures on the S&P 500 are initially down just over 1%. Notably, Canada and Mexico—two of the United States’ top trading partners—were not explicitly mentioned for new tariffs. 5:15pm- Will the Trump Administration remove tariffs on countries that remove tariffs on American-made goods? Trump stated: “To all foreign presidents, prime ministers, kings, queens, ambassadors, and everyone else who will soon be calling to ask for exemptions to these tariffs, I say—terminate your own tariffs, drop your barriers, don't manipulate your currencies…and start buying tens of billions of dollars of American goods.” 5:20pm- Listeners call into the show and react to President Donald Trump’s executive order establishing new tariffs on foreign nations. Will this move negatively impact the U.S. economy? Or will it result in other countries removing their tariffs on American-made goods—resulting in truly free trade. 5:30pm- Israel currently places a 33% tariff on imported American products. However, in anticipation of President Donald Trump’s “Liberation Day” announcement, Israeli Finance Minister Bezalel Smotrich signed a plan to eliminate tariffs on all American imports. Trump’s tariff on Israeli products would be 17%. Weekday afternoons on Talk Radio 1210 WPHT, Rich Zeoli gives the expert analysis and humorous take that we need in this crazy political climate. Along with Executive Producer Matt DeSantis and Justin Otero, the Zeoli show is the next generation of talk radio and you can be a part of it weekday afternoons 3-7pm.

Transcript

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0:00.0

The Rich Zioly Show podcast is sponsored by Mike Vaneria Jr. with Auxperity 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

It's also Flower Anties birthday today, our dear friend Robin, Flower Antion, X.

0:22.5

Happy birthday, my friend.

0:23.9

Thanks for all your wonderful support over the years.

0:26.3

We appreciate you very, very much.

0:27.9

The Zule Army loves you.

0:29.0

Happy birthday.

0:30.2

And hope you have a great day.

0:31.8

So welcome back.

0:32.7

This is our happy hour brought to by the Grand Hotel of Cape May, New Jersey.

0:35.6

Our first live show there is going to be on June 20th.

0:38.5

And now is the time for you to make your Memorial Day reservations.

0:43.2

Because before you know, Memorial Day is going to be here.

0:45.3

And if you don't, then the room's going to be gone and you're going to be missing out.

0:48.4

So make sure you do that today.

0:50.2

All right. So basically, if you're just joining us, then you might have just got out of work and you're wondering what the president announced. It was a very long speech.

0:59.8

We'll pull some audio for you of what the president announced today. But basically, here's the bottom line.

1:05.1

We're looking at a 10% baseline tariff on every country. So that's the baseline begin, which is lower than what the countries were expecting it was going to be.

1:16.4

They thought it was going to be 25%, maybe higher as well.

...

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