4.8 • 3.5K Ratings
🗓️ 4 April 2025
⏱️ 9 minutes
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0:00.0 | Hey, this is Zan at the Porover. |
0:04.6 | And this is Joe at the Porover. |
0:07.0 | Today we're talking about President Trump announcing sweeping tariffs, |
0:10.8 | President Trump expecting a sale of TikTok ahead of tomorrow's deadline, |
0:14.8 | severe storms sweeping the U.S., and other top news for Friday, April 4th. |
0:19.5 | Stay informed while remaining focused on Christ with The Pour Over Today. |
0:24.4 | Here's your quote of the day. |
0:26.7 | When anger enters the mind, wisdom departs. |
0:30.7 | Thomas Akemice. |
0:33.4 | Let's get started with some espresso shots. |
0:39.1 | President Trump took to the Rose Garden podium on Wednesday afternoon to lay out his Liberation Day tariffs. |
0:45.4 | Trump declared an economic emergency and announced steeper than expected import taxes, including |
0:51.0 | first, a baseline tariff of 10% for all countries. Next, higher tariffs for the 60 countries |
0:57.6 | Trump considers the, quote, worst offenders of imbalanced trade, including 34% for China, 20% for the |
1:04.5 | EU, and 24% for Japan. And finally, a 25% tariff on all foreign-made cars. |
1:14.0 | How were the country-specific tariffs determined, you ask? |
1:19.1 | Well, the White House says the higher, quote, reciprocal tariff rates, end quote, |
1:24.4 | are meant to offset each country's trade policies toward the U.S., accounting for both tariffs and other trade barriers like regulations against U.S. goods. |
1:28.5 | However, the formula used is based on each country's trade deficit, aka how much it buys versus |
1:34.6 | sells to the U.S., which has sparked criticism that it's not doing what was intended or advertised. |
1:40.5 | The White House described its approach as a kind way of addressing unfair trade imbalances and protecting domestic manufacturing and could raise $2.2 trillion in revenue by 2034. |
1:51.5 | The responses to the Rose Garden address have been more thorny than rosy. |
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