Trump Meets with Netanyahu. Israel Pledges 0% Tariffs & No Trade Deficit

The Rich Zeoli Show

Audacy

News

4.9 • 1.6K Ratings

🗓️ 7 April 2025

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Rich Zeoli Show- Hour 1: 3:05pm- In response to the Trump Administration’s reciprocal tariff, the S&P 500 fell nearly 1% on Monday—and is now down 14% over the last three days of trading. It has lost more than $5 trillion in value since the beginning of last week. Meanwhile, the Dow Jones Industrial Average has declined by more than 20% from its recent high, entering correction territory. 3:30pm- On Monday, President Donald Trump met with Israeli Prime Minister Benjamin Netanyahu in the Oval Office. During the meeting Trump answered numerous questions from the press—many regarding tariffs and the U.S. economy. Netanyahu pledged to eliminate the trade deficit between the U.S. and Israel and reduce tariffs on U.S. imports to 0%. 3:50pm- China has vowed to place an additional 34% tariff on U.S. imported goods—matching the tariffs the Trump Administration announced against Chinese-made products. In a post to Truth Social, Trump warned that if China retaliates, he will impose an additional 50% tariff on their goods effective on April 9th. Trump continued: “Negotiations with other countries, which have also requested meetings, will begin taking place immediately.” 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 Osparity Private Wealth.
0:05.4	Hi, I'm Mike Vaneria Jr., wealth management specialists. Make your retirement dreams a reality by creating your retirement plan today. Call me at 856-252-0107.
0:15.8	So, yeah, so Prime Minister Benjamin, Yahoo, is at the White House right now. They were going to have a big press conference in the East Room,
0:24.0	but they've decided now to just have an Oval Office press conference.
0:27.4	So that's going to be happening.
0:29.1	It could happen any time.
0:30.7	Whenever it does happen, of course, we'll bring it to you live.
0:33.0	There's a lot to chat about.
0:34.2	The president said a lot in Air Force One last night as well.
0:42.9	Now, if he comes out, see, Israel said that they were going to do zero tariffs on the United States of America. But initially, we said that we were going to be doing, we were still
0:49.2	going to keep the tariffs in place on Israel. So I think that, here's my guess, the market
0:53.6	is assuming that the president's going
0:57.6	to come out and say, Israel's agreed to zero tariffs, so we're doing zero tariffs, and then
1:01.6	you're going to see a market, you're going to see a market rush, which would be great. That'd be a good
1:06.0	thing. I think NASDAQ and the S&P 500 are both anticipating that, which is why they're at the green at the moment.
1:14.6	But it's been a crazy day in the market today.
1:16.4	Earlier this morning, there was a rumor.
1:19.2	I don't know who started it, who spread it or what, but there was somebody who was saying that the Trump administration was going to put a 90-day pause on all this, and the market rallied,
1:29.8	and then they said that's fake news, and then the market didn't rally.
1:34.1	The market, no.
1:36.6	You can't hear you now?
1:39.5	Okay.
	...

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