Trump’s Tariffs: The Reaction

Newscast

BBC

Politics, News

4.4 • 6.4K Ratings

🗓️ 3 April 2025

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today, we’re looking at how the global economy is responding to Trump’s tariffs announcement.

Adam is joined by Dharshini David, deputy economics editor, and Ben Chu, BBC Verify policy and analysis correspondent, to talk about how the markets are reacting (in real time), how the tariffs were calculated and which household brands could be most impacted.

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New episodes released every day. If you're in the UK, for more News and Current Affairs podcasts from the BBC, listen on BBC Sounds: https://bit.ly/3ENLcS1 Newscast brings you daily analysis of the latest political news stories from the BBC. It was presented by Adam Fleming. It was made by Miranda Slade with Shiler Mahmoudi. The technical producer was Mike Regaard. The assistant editor is Chris Gray. The editor is Sam Bonham.

Transcript

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0:00.0	BBC Sounds, Music, Radio, podcasts.
0:05.2	Hello, it's just gone 2.30 in the newscast studio, Ben Chu, and Darshini David are here.
0:09.3	And they've got their devices out because literally a few minutes ago, the American market's opened.
0:15.0	So, guys, just tell me.
0:16.9	Because I never really know where to look.
0:21.3	What are you looking at, Ben?
0:22.9	I'm looking at the Bloomberg app on my phone.
0:25.5	That's basically like the terminal that all the traders.
0:27.0	It's what they, it's their, it's their forte, isn't it?
0:29.1	And what have you gone straight to just get a picture of what's happening?
0:31.6	Well, I'm just looking at the S&P 500, which is a index of the largest 500 American firms.
0:40.2	And surprisingly, it's green, which means it's up.
0:40.6	It's up.
0:41.4	It's up. It's up.
0:41.5	0.67% since markets opened, which is a bit of a surprise given we were led to believe
0:47.6	that the futures would see it down on the back of Trump's tariff policies.
0:51.4	Future is basically being where you can bet on something it's going to do the next day.
0:54.6	When the markets are closed, you can place your bets about what you think is going to happen when they open.
0:59.3	But there's obviously been some buying activity which pushed it up overall.
1:02.2	It should be said, UK market is down, the C-100 is down 1.5% pretty chunky fall.
1:07.8	And overnight they were down in Asia quite a lot as well. So the market
1:11.1	is fair to say, pretty royal by what Trump has announced overall.
	...

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