Will market chaos make Trump rethink his tariffs?

The News Agents

Global

Daily News, News, Government, Politics

4.2 • 4.3K Ratings

🗓️ 7 April 2025

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Hong Kong's stock exchange has just closed down 13% - to put this in context it's the worst day of trading since the Asian market crash of 1997. The FTSE 100 has plummeted here, Goldman Sachs has upgraded its probability of a US recession, and members of the US government are now taking to the airwaves to squabble about the plan ahead. Is this genuinely what Trump wanted? Is he still pretending it's going well? And is the plan to make the world come to the negotiating table? It can't - coherently - be both. What will Keir Starmer's plan for growth involve now? Who should we be trading with? And are those fiscal rules still ironclad?

And later, why did Israel stop two UK MPs from entering the country?

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The News Agents is brought to you by HSBC UK - https://www.hsbc.co.uk/

Transcript

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0:00.0	The Newsagents podcast is brought to you by HSBC UK, opening up a world of opportunity.
0:09.1	This is a global player original podcast.
0:12.7	I don't want anything to go down, but sometimes you have to take medicine to fix something.
0:17.9	And we have such a horrible, we have been treated so badly by other countries because we had
0:26.6	stupid leadership that allowed this to happen they took our businesses they took our money they
0:31.9	took our jobs they moved that is donald trump on air force, almost quoting the words of a previous conservative
0:40.3	Chancellor in this country, if it isn't hurting, it isn't working.
0:45.5	And boy, has Donald Trump got one thing right?
0:49.5	It's certainly hurting.
0:51.7	The world markets are in absolute turmoil and predictions of recession are
0:58.5	growing ever louder. One of the biggest voices on Wall Street, the banker from J.P. Morgan,
1:05.0	Jamie Diamond, has warned that this trade war now risks recession and higher prices. The trouble is, many in Trump's own cabinet
1:13.4	are starting to agree with him. So will he hold his nerve or will he back down? Welcome to the
1:20.3	newsagents. The newsagents. Mondays are always a struggle, but this one's going to be a real uphill battle.
1:31.3	Carnage, panic, bloodbath doesn't even begin to cut it.
1:36.3	And markets are bracing for another major sell-off this morning on Wall Street.
1:40.3	As economists, economies across the globe settle in for President Trump's tariff reality.
1:46.0	The Dax in Frankfurt is down more than 6.5% currently.
1:50.6	The Futsi 100 down around 5%.
1:53.3	And the index in Paris down nearly 6% in early trading.
1:57.4	We come back to you with some more breaking news as we continue to follow the
2:01.4	futures market as it just opened about 56 minutes ago and it is in deep red territory right now.
	...

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