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Anderson Cooper 360

Trump's Tariffs Tank Global Financial Markets

Anderson Cooper 360

CNN

News

4.13.7K Ratings

🗓️ 4 April 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

The President says his tariffs will make the country boom. So far, they are blowing up the markets, 401Ks and jobs in one key industry he promised to protect. Plus, a look at the auto industry which is already fully engulfed in tariffs, counter-tariffs and price hikes. Omar Jimenez is live from Detroit. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Tonight on 360, the president says his tariffs will make the country boom.

0:07.0

So far, though, they're just making things go boom, blowing up the markets, 401ks, and already

0:12.7

jobs in one key industry he promised to protect. Also tonight, the signal scandal deepens with

0:18.3

Defense Secretary Hegzith now facing a probe launched by

0:21.0

his own department's inspector general. And later, and this is remarkable how a far-right 9-11

0:26.5

conspiracy peddler, Laura Lumer, ended up inside the White House with a list of National Security

0:31.8

Council officials she wanted fired and how, somehow, the president did just that with their boss, the national security

0:39.5

advisor sitting there apparently powerless.

0:43.3

Good evening, John Berman here, in for Anderson.

0:45.8

This time last night, Americans in the world were bracing for impact from the president's

0:49.5

tariff rollout.

0:50.9

Today, the first blow landed.

0:58.3

Thank you. rollout, today the first blow landed. Stocks and with them millions of retirement accounts took a beating today here and abroad.

1:04.4

And as trading begins right now in Tokyo, here is what those investors will be following.

1:09.3

The Dow lost almost 4% of its value. The SMP,

1:12.8

almost five, the NASDAQ, just a hair shy of 6%. There are those who get caught up in what superlatives

1:18.8

to use, but how about this? It was a bad, bad day. The European and Asian markets sank as well,

1:25.5

which made for a grim split screen even before U.S. markets opened as members of the administration talked up the tariffs.

1:32.2

Here is Agriculture Secretary Brooke Rawlins this morning with stock futures tanking as she talked.

1:38.6

We are really, really excited and very grateful to President Trump's leadership and being willing to be bold and fearless in facing some pretty big policy challenges around the world.

1:49.4

An hour later, markets opened racking up their worst day since 2020, something the president

1:54.7

discounted as it was happening and then after the fact about Board Air Force One.

...

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