The Impact of Trump’s Tariffs on the Rest of His Agenda

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 7 April 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for April 7. Amrith Ramkumar, who covers tech policy for the Journal, discusses how President Trump’s tariffs risk undercutting his goals of curbing inflation, supporting U.S. manufacturing and boosting a build-out of AI data centers. Plus, Trump threatens China with an additional 50% levy if Beijing doesn’t withdraw its retaliatory tariff by tomorrow. And U.S. markets went on a wild swing that added—and then erased—more than $2 trillion in value in a matter of minutes. WSJ markets reporter Hannah Erin Lang walks us through what happened. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello Blue Skies.
0:04.0	Hello moving onwards and upwards.
0:06.8	Say hello to taking control of your money with the UK's number one investment and savings platform.
0:12.6	Open your account today at HL.co.uk.
0:16.1	Hargreaves Lansdown. Hello Life.
0:19.4	Invest, save, retire. To verify claim, see hl.co.uk
0:26.3	forward slash platform. You may get back less than you invest.
0:33.5	President Trump threatens China with an additional 50% levy if Beijing doesn't withdraw its retaliatory
0:40.0	tariff by tomorrow. Plus, it was a roller coaster day for markets after a false tariff headline
0:45.8	sent stocks on a $2 trillion ride. And what Trump's tariffs mean for the other policy items on his
0:52.6	agenda. He's been fascinated by tariffs for many decades, and in the first administration, didn't
0:57.9	think he went far enough, essentially.
0:59.8	So definitely he's almost willing to maybe potentially sacrifice some of the other things
1:04.6	on his agenda to get what he wants with tariffs.
1:07.8	It's Monday, April 7th.
1:09.4	I'm Alex Oslo for the Wall Street Journal.
1:11.7	This is the PM edition of What's News,
1:14.0	the top headlines and business stories
1:15.8	that move the world today.
1:25.2	It was a volatile day in the markets. First, they rallied in the morning in response to erroneous headlines that President Trump would delay the implementation of tariffs by 90 days.
1:35.4	The administration clarified that there will be no delay in implementing new levies, leading to stocks dropping.
1:41.6	Later in the morning, President Trump said he plans to increase tariffs on China
	...

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