Tariff turmoil - trillions wiped off global stock markets

07/04/2025 27 min

Listen "Tariff turmoil - trillions wiped off global stock markets"

Episode Synopsis

A beautiful thing to behold? This is how U.S. President Donald Trump described the long-term effects of his tariffs after trillions of dollars were wiped off global stock markets. Asian markets saw steep drops this morning as exchanges reopened for the first time since Trump's latest tariff gambit. China swiftly hit back on Friday with strong and expansive countermeasures, including additional tariffs of 34 percent on all U.S. imports starting on April 10th. How will Trump's tariffs impact the average Americans? Can these tariffs really make America great again in the long run?