Trump tariffs trigger steepest US stocks drop since 2020

Global News Podcast

BBC

Society & Culture, Daily News, News, Documentary

4.2 • 7.8K Ratings

🗓️ 4 April 2025

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The shares of Apple were among brands worst hit after US tariffs were announced, but President Trump maintained the American economy would ultimately "boom". Also: release date of Nintendo Switch 2 console revealed.

Transcript

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0:00.0	This is the Global News Podcast from the BBC World Service.
0:04.7	I'm Nick Miles, and in the early hours of Friday the 4th of April, these are our main stories.
0:09.7	President Trump has said his policy of putting steep tariffs on US imports is going very well,
0:15.0	despite huge falls in stock markets.
0:18.0	The new taxes have led the World Trade Organization to revise down its growth
0:22.4	forecast. It now expects the global economy to shrink by 1% this year. The authorities in Gaza
0:29.1	say an Israeli airstrikers killed over 30 displaced people sheltering in a school.
0:36.4	Also in this podcast.
0:38.0	This is absolutely a transformation.
0:39.8	I don't think people were really expecting 4K for a start.
0:42.6	The screen 1080p.
0:44.1	Like this is really big upgrades that people weren't necessarily expecting going into it.
0:48.6	The Japanese gaming company Nintendo has revealed the Switch 2,
0:53.2	the long-awaited successor to one of the best-selling
0:55.6	consoles in history.
1:00.8	Donald Trump has defended the tariffs he's announced on US imports from around the world,
1:06.5	despite a global stock market sell-off. Wall Street suffered one of its worst days in recent years on Thursday.
1:13.8	But speaking to reporters, as he left the White House,
1:16.3	Mr Trump expressed optimism.
1:18.0	I think it's going very well.
1:19.5	It was an operation, like when a patient gets operated on,
1:24.0	and it's a big thing.
	...

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