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PBS News Hour - Segments

Trump holds firm to his tariffs and threatens more on China

PBS News Hour - Segments

PBS NewsHour

News, Daily News

4.11K Ratings

🗓️ 7 April 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

It was a volatile day of wild swings on the markets as investors and businesses sought clarity about the scope of new tariffs and how long they might last. President Trump and his team sent some conflicting messages, including a threat by the president to ramp up even larger tariffs against China. The turmoil and confusion over Trump's goals defined the day. Lisa Desjardins reports. PBS News is supported by - https://www.pbs.org/newshour/about/funders

Transcript

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0:00.0

Welcome to the News Hour. It was a day of wild swings on Wall Street as investors and businesses

0:06.0

sought clarity about the scope of new tariffs and how long they might last. President Trump and his team

0:11.5

sent conflicting messages again, including a threat by the president to ramp up much larger tariffs

0:17.6

of 50 percent against China. By day's end, the Dow finished a bit down just under 1%.

0:23.7

The NASDAQ finished just above break-even, and the S&P 500 was down about two-tenths of a percent.

0:29.9

But turmoil and confusion over the president's goals defined much of the day.

0:34.8

Lisa Desjardin has our report.

0:39.3

The opening bell on Wall Street, the sound of alarm, with stocks bungeying wildly in the first

0:45.8

hours and traders not able to find a foothold in President Trump's tariff war.

0:50.9

The economic issues are complicating diplomatic ones. As Israeli Prime Minister Benjamin Netanyahu arrived at the White House,

0:58.0

Mr. President, will you discuss tariffs on Israel?

1:01.0

Reporters shouted questions after the two leaders canceled their formal news conference together.

1:07.0

Netanyahu's war-battered economy now faces a new 17% tariff from the U.S.

1:13.4

But we had great discussions today.

1:15.8

In the Oval Office, Israel's leader said his country will meet Trump's economic demands.

1:21.1

We will eliminate the trade deficit with the United States.

1:25.0

We intend to do it very quickly.

1:28.9

We think it's the right thing to do.

1:35.6

And we're going to also eliminate trade barriers, a variety of trade barriers that have been put up unnecessarily. The president used the opportunity to dig in on tariffs. This is America first.

1:42.5

It's now America first. And we didn't put America first. We put America last.

1:47.1

Trump actually upped the stakes, threatening China on social media with another 50% tariff if the world's second largest economy does not back off its reciprocal tariffs by tomorrow.

1:59.0

This as words of warning are growing more urgent.

...

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