Summary
Donald Trump's latest wave of tariffs came into force on Wednesday only for him to announce a 90-day pause on higher tariffs for dozens of countries except China, who were hit by increased levies of 125%.
In this episode, the Americast team analyse the economic fallout from the first day of what could be a new era in world economics.
HOSTS:
- Justin Webb, Radio 4 presenter - Anthony Zurcher, North America Correspondent - Marianna Spring, Social Media Investigations Senior Correspondent
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This episode was made by George Dabby with Rufus Gray, Claire Betzer and Grace Reeve. The technical producer was Mike Regaard. The series producer is Purvee Pattni. The senior news editor is Sam Bonham.
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Transcript
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| 0:00.0 | Hello, AmeriCasters. There are more of you now with us than ever before, and we'd like to try to keep it that way. |
| 0:06.6 | So do subscribe and tell people if you're enjoying what you're hearing. Now, on with the episode. |
| 0:13.7 | BBC Sounds, Music, radio, podcasts. |
| 0:17.3 | So we recorded an episode a couple of hours ago and we were just about to publish it. |
| 0:21.7 | And then guess what? Donald Trump posted on Truth Social. |
| 0:25.3 | What he said is that he's raised the tariffs on China to 125%. |
| 0:29.9 | He blamed what he calls their lack of respect for the world's markets. |
| 0:34.1 | But he's also said he's authorised a 90-day pause, as he describes it, in all caps, on the |
| 0:40.1 | other tariffs imposed, lowering them all to 10% because he says everyone is ringing up various |
| 0:45.4 | US departments, the government, him trying to renegotiate their deals. He finishes his post |
| 0:50.4 | with the words, thank you for your attention to this matter. So thank you for your |
| 0:54.6 | attention to this episode where we analyze the economics of Trump's trade policy. Welcome to |
| 1:00.2 | AmeriCast. Americaast from BBC News. You're gambling with the lives of millions of people. |
| 1:09.6 | You're gambling with World War III. |
| 1:11.9 | President Trump's message is very simple. |
| 1:13.9 | We are done being taken advantage of. |
| 1:15.7 | Mr. President, in the name of our God, have mercy upon the people. |
| 1:20.0 | We're scared now. |
| 1:21.3 | Are you supportive of these onesies? |
| 1:23.2 | I'm supportive of vaccines. |
| 1:24.8 | What is happening? |
| 1:26.0 | Like, this is not America. |
... |
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