meta_pixel
Tapesearch Logo
Log in
Newshour

Trump officials defend sweeping tariffs

Newshour

BBC

News, Daily News

4.4984 Ratings

🗓️ 6 April 2025

⏱️ 47 minutes

🧾️ Download transcript

Summary

After US President Donald Trump imposed a baseline of 10% trade tariffs on most countries, more than 50 of those hit by the taxes have reportedly reached out to his administration to negotiate. US Secretary of Commerce Howard Lutnick, however, says steeper tariffs due to be imposed upon such nations will “of course” be implemented. We get reaction from an economist who served in the Biden administration.

Also in the programme: Israel says it made a mistake when it opened fire on a convoy of aid workers in Gaza; and which plays and theatre stars look set to win at Britain’s famous Olivier awards?

(Photo: US President Donald Trump speaks about tariffs in the Rose Garden at the White House, 2nd April 2025. Credit: REUTERS/Carlos Barria)

Transcript

Click on a timestamp to play from that location

0:00.0

Hello and welcome to News Hour live from the BBC World Service in London. I'm Rebecca Kesb.

0:09.5

Within the next few hours, the Asian stock markets will reopen following the weekend break

0:15.0

and after huge losses in global markets last week, as President Trump's new tariffs were announced.

0:21.7

Many will be hoping for a calmer time. President Trump has urged US businesses to hang tough,

0:27.6

promising that his tariff plan will deliver historic results, for Americans at least.

0:32.8

But now that more than 50 countries are individually trying to open negotiations with the Trump

0:38.2

administration to do the deals Mr Trump himself says he wants. Can the Department of Commerce

0:44.5

manage that workload, especially as it's due to lose 20% of its workforce in planned

0:51.1

doge cuts? More on that in a moment. But the Sunday morning shows in the US today have been busy.

0:58.0

US politicians have been lining up to have their say.

1:01.4

US Agricultural Secretary Brooke Rollins told CNN there would be a period of adjustment,

1:07.4

but that things would even out.

1:09.3

We are unleashing a new golden age and we will see an economy that will benefit not just

1:14.7

every corner of America, but our farmers and our ranchers and the people that have been

1:19.1

left behind for far too long by both Republicans and Democrats.

1:23.7

But Larry Summers, the former U.S. Treasury Secretary who worked for both Presidents Clinton and Obama, told ABC that tariffs were a disaster for the United States.

1:35.8

This is the biggest self-inflicted wound we've put on our economy in history.

1:41.7

We've never seen anything like this before, and whether it's economic forecasts,

1:47.8

whether it's the stock market, whether it's Democrats making the forecast, whether it's

1:52.5

Republicans like Trump ally, Ted Cruz making the forecast. There's no one virtually who doesn't work for the president who thinks this is a good

2:04.2

idea. Well, U.S. Commerce Secretary Howard Lutnik has been speaking to our U.S. partner station,

2:11.9

CBS. He said that all the tariffs the U.S. has announced will come into effect.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from BBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.