Trump Tariff Deadline Passes

Wake Up to Money

BBC

Business

4.4 • 754 Ratings

🗓️ 1 August 2025

⏱️ 53 minutes

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Summary

As the deadline for Donald Trump's tariffs passes as we go on air, Felicity Hannah asks her panel to pick apart who got agreements and concessions across the line before the cut-off.

Today's the day we find out the judgment on the ongoing car finance saga which could see billions of pounds paid to consumers in compensation. We hear from one of the lawyers representing customers.

And after Deborah Meaden reveals some of her money mistakes, we ask you for some of yours.

Transcript

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0:00.0	BBC Sounds, music, radio, podcasts.
0:05.3	Wake Up to Money from BBC 5 Live.
0:08.7	Hello, welcome to Wake Up to Money, pinch punch first of the month,
0:12.5	and will global trade be reeling from a punch as Donald Trump's tariffs come a step closer.
0:18.3	Yes, it has just gone midnight on the east coast of the
0:21.2	coast of the United States. That means the deadline for Donald Trump's tariffs has
0:25.6	passed. We will be picking apart the latest. Who got their deals across the line before
0:31.0	the cutoff? Also, today's the day we get the court judgment on the ongoing saga of
0:35.9	car finance. It could mean billions of pounds gets paid to consumers in compensation.
0:41.4	It might not.
0:42.1	We will hear from one of the lawyers representing customers.
0:45.4	And you might not expect Dragon's Den's Deborah Meadden to say this.
0:49.6	Oddly, I have a problem with zeros.
0:52.3	It is odd.
0:53.1	We'll be asking you for your money mistakes.
0:55.9	Wake up to Money with Felicity Hannah. Barry, good morning to you. Welcome to Wake Up to Money.
1:01.9	It's Friday the 1st of August. It's four minutes past five. Oh, it's another day, isn't it?
1:07.0	It's another day where I was up brushing my teeth at three o'clock, trying to get on top of what happened overnight.
1:13.0	We are waking up to breaking news from the US. It is, of course, President Trump's deadline for striking deals today before he imposes new tariffs.
1:22.4	Now, cast your minds back, because this saga has gone on a while, cast your minds back to April,
1:28.3	and Donald Trump's so-called Liberation Day. That's when he unveiled tariffs that he said
1:33.2	would free America from its dependence on foreign goods, would adjust trade imbalances,
	...

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