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What do Trump's 'Liberation Day' tariffs mean for you?

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The Washington Post

True Crime, News, Politics

4.14.6K Ratings

🗓️ 2 April 2025

⏱️ 29 minutes

🧾️ Download transcript

Summary

On this episode, The Washington Post's Libby Casey, Rhonda Colvin and James Hohmann are joined by White House economic reporter Jeff Stein to discuss President Trump's proposed sweeping tariffs – and the day he and his team have referred to as "Liberation Day." What effect will those tariffs have, how will the costs be passed on to American citizens, and why is Trump so set on remaking the United States' relationship with the rest of the world?


Plus, Sen. Cory Booker (D-N.J.) speaks for hours and hours on the Senate floor in protest of Trump's early months in office.

Transcript

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0:00.0

Look what happened. Is this crazy? We stand on the verge of the four greatest years in the history.

0:08.5

Make America great a game. How can you be against them?

0:16.9

We are T-minus 11 hours from what President Trump is calling Liberation Day, the day that America will be liberated from, James?

0:27.1

Prosperity, Free Enterprise.

0:29.0

Liberated too.

0:29.6

The post-liberated from the post-war era of the American-led rules-based order.

0:36.7

Liberation Day to be liberated from, Jeff?

0:39.6

I'm just excited for the grilling.

0:42.5

The grilling?

0:43.1

Yeah.

0:44.0

I think it's going to be a new tradition.

0:47.0

This will probably be the last liberation day we're all working, actually.

0:49.9

Yeah.

0:51.2

As we reported this weekend, some Trump officials want to push to make this a federal holiday going forward.

0:57.9

You're not joking.

0:58.7

I'm not joking.

0:59.4

Well, sort of.

1:00.4

Is it true that they did it on April 2nd instead of April 1st so that it didn't seem like April Fool's Day?

1:04.9

That has been the direct public statement by the president of the United States on a matter of important public policy.

1:10.8

That you don't want to do something this significant. Right. statement by the president of the United States on a matter of important public policy that you

1:11.3

don't want to do something this significant and assume that the world might not believe you,

1:17.1

which could still happen, actually. Ronda, any other things we're being liberated from? I like what Jeff

...

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