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System Update with Glenn Greenwald

Trump's Tariffs: A Threat to the Neoliberal Order? With Journalist David Sirota; Biden CBP Fabricated Doc to Help Imprison Bolsonaro Adviser? Plus: Israel Support Collapsing

System Update with Glenn Greenwald

Rumble

News Commentary, Politics, News

4.71K Ratings

🗓️ 10 April 2025

⏱️ 80 minutes

🧾️ Download transcript

Summary

Journalist David Sirota explains the political implications of Trump's tariffs in the U.S. and their potential effects on Wall Street vs. Main Street. Plus: did Biden's CBP fabricate documents in order to help Brazil imprison a Bolsonaro advisor? Finally: new polls reveal declining support for Israel while DHS unveils a program to search immigrants' social media for "antisemitic" content. --------------------------------------------------------------------------------------- Watch full episodes on Rumble, streamed LIVE 7pm ET. Become part of our Locals community Follow System Update:  Twitter Instagram TikTok Facebook LinkedIn Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Good evening. It's Wednesday, April 9th. Welcome to a new episode of System Update. Our live

0:21.3

Nightly showed that airs every Monday through Friday at 7 p.m. Eastern exclusively here on Rumble,

0:26.6

the free speech alternative to YouTube. Tonight, Donald Trump's global tariff plan continues to

0:32.7

dominate the news last night. And this morning, the stock market was once again plummeting.

0:38.5

And perhaps even more menacingly, the bond market was becoming unstable and even threatening. As a result,

0:43.6

President Trump today announced a plan that one of his billionaire donors, Bill Ackman,

0:48.6

had publicly demanded that he'd do on Monday, namely that Trump imposed a 90-day pause on his tariff plan to allow negotiations

0:56.6

to take place.

0:58.3

Trump essentially did that, although he did lower all tariffs on every country to 10% except

1:03.8

on China, which were tallied again today with higher tariffs and it doesn't affect the trade

1:09.4

war with China.

1:10.6

Now, Trump's pause predictably not only

1:13.2

calmed the markets, but sent them higher and higher throughout the day, erasing much of the losses

1:18.2

over the last week. David Serota is a longtime investigative journalist and the founder of

1:23.2

Lever News. He's also a friend of the show, though he is part of the progressive left. So does

1:27.4

Serroto's reaction to Trump's tariff has actually been quite nuanced, and you can't

1:31.3

say that for many people.

1:32.3

While certainly not in agreement with how Trump's terror plan was devised, Sarota has been

1:37.3

reminding the left that they have long-regarded free trade and globalism as a leading enemy,

1:41.3

and that Trump is the first president in quite a long time to say

1:45.2

that and to target that scheme for erosion. He'll be with us here tonight to help us sort out

1:51.0

the tariff debate and the latest developments. But first, before we get to that, there's a

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