Trump Bumps China Tariffs to 104% & People Are Panic-Buying iPhones

Morning Brew Daily

Morning Brew

News, Business, Business News

4.4 • 2.8K Ratings

🗓️ 9 April 2025

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 557: Neal and Toby do another round of trade war updates with President Trump committing to impose another 50% tariff on Chinese goods, bringing the total to 104%. Then, in the midst of the trade war, shoppers are rushing to Apple stores to get their iPhones fearing prices are about to skyrocket. Also, the IRS has been the target of cuts by the federal government, which may bring low audit rates even lower. Meanwhile, retail chains are slowly coming back to SF’s downtown, breathing new life and hope for the once-sprawling district. Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. Checkout TaxAct for more! Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's smart to always have a few financial goals.
0:03.1	And a really smart one you can set?
0:04.8	Earning cash back on what you buy every day.
0:07.3	And with Discover, you can.
0:08.9	Get this.
0:09.8	Discover automatically matches all the cash back you've earned at the end of your first year.
0:14.4	Seriously, all of it.
0:15.7	And we trust you to make smart decisions.
0:17.7	After all, you listen to this show.
0:19.7	See terms at discover.com
0:21.1	slash credit card.
0:24.6	Good morning, Brue Daily show. I'm Neil Fryman. And I'm Toby Howell.
0:28.9	Today, the U.S. hit China with tariffs of 104% and neither side is backing down.
0:35.1	Then those 104% tariffs have Americans panic buying iPhones to try and beat the price
0:40.8	hikes.
0:41.8	It's Wednesday, April 9th.
0:43.3	Let's ride.
0:48.3	Obviously a huge day for the global economy, but before we get to that, let's head to Humble TNEC, New Jersey, where two teams
0:55.7	staged what has been called the worst baseball game in history. Lehman College and Yeshiva University,
1:02.4	both D3 schools, met after having lost a combined 141 games in a row, 42 straight losses
1:09.4	for Lehman and 100 games for Yeshiva.
1:11.6	So when they met, someone was going to snap an epic losing streak.
	...

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