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Bannon`s War Room

Episode 4401: Trump Fights Back Puts 125% Tariffs On China

Bannon`s War Room

WarRoom.org

News, Politics, News:politics

4.415.6K Ratings

🗓️ 10 April 2025

⏱️ 56 minutes

🧾️ Download transcript

Summary

Episode 4401: Trump Fights Back Puts 125% Tariffs On China 

Transcript

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0:00.0

Go ahead and let a rip.

0:01.0

So are the numbers I'm seeing on my screen correct here for the Dow?

0:04.7

Are we up 7, 840 points right now?

0:08.5

Dana, I'm watching this literally glitching and gap.

0:11.9

We're up 900 points.

0:14.3

Is this, this is, yeah, okay, there, wow.

0:18.2

Our charts can't even keep up with how quickly these numerical moves are happening.

0:23.3

We are at session highs. Emily.

0:25.2

We are just sifting through everything that we're seeing in this true social post, but two

0:28.4

major developments. I'm going to go first that the president says he is authorizing a 90-day

0:34.3

pause and substantially lowering the reciprocal tariff during this period of 10%

0:40.3

effective immediately. There's some fuzzy language here. The upshot is that there's a 90-day

0:45.7

pause in the reciprocal tariff. What I'm not clear on is whether we go to zero during that

0:49.5

time or to back where we were, or if the 10% tariff remains in place. Either way, a major step forward.

0:56.6

The president says that this is because more than 75 countries have called representatives

1:00.8

of the United States.

1:02.1

Negotiations are ongoing.

1:03.9

And so he's instituting this 90-day pause in the meantime.

1:07.7

On the other hand, some negative news on China saying that based on the lack of respect that China has shown to the world's markets, he's raising the tariff on China to 125%.

1:18.6

That's, of course, up from the 104% that took effect just at midnight, now going even higher to 125% because he does not like the way China has been retaliating

1:28.6

rather than coming to the United States and wanting to negotiate.

1:32.2

So two major step forwards here.

...

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