Franco Ordonez
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Podcast Appearances
There's no mistaking the turmoil that the Marxists were under, and it was getting worse and worse. Top investors were pleading with Trump. Some were almost begging him to do this very thing, issue a 90-day pause. Now, Trump did say you have to be flexible in your policies, but he insisted this was the right thing to do.
Yeah. I mean, we should be clear that the administration is keeping a baseline 10% tariff on imports, which is a big deal. But it is nothing, nothing like what he was threatening, such as a 46% tariff against Vietnam. Well, so now they've begun these discussions with these countries on what they've described as tailor-made negotiations for each, though we don't really know what that involves.
Yeah. I mean, we should be clear that the administration is keeping a baseline 10% tariff on imports, which is a big deal. But it is nothing, nothing like what he was threatening, such as a 46% tariff against Vietnam. Well, so now they've begun these discussions with these countries on what they've described as tailor-made negotiations for each, though we don't really know what that involves.
Yeah. I mean, we should be clear that the administration is keeping a baseline 10% tariff on imports, which is a big deal. But it is nothing, nothing like what he was threatening, such as a 46% tariff against Vietnam. Well, so now they've begun these discussions with these countries on what they've described as tailor-made negotiations for each, though we don't really know what that involves.
But, you know, his goals on this have always been kind of unclear. They've talked about the tariffs being about reducing the trade deficit. They've talked about the tariffs being about bringing back manufacturing. They've talked about the tariffs being about boosting government revenues. So it's always kind of been this mixed bag.
But, you know, his goals on this have always been kind of unclear. They've talked about the tariffs being about reducing the trade deficit. They've talked about the tariffs being about bringing back manufacturing. They've talked about the tariffs being about boosting government revenues. So it's always kind of been this mixed bag.
But, you know, his goals on this have always been kind of unclear. They've talked about the tariffs being about reducing the trade deficit. They've talked about the tariffs being about bringing back manufacturing. They've talked about the tariffs being about boosting government revenues. So it's always kind of been this mixed bag.
Yeah, another really big deal. I mean, while he paused the tariffs on most everyone else, he doubled down on China, raising the tariffs to 125%. He said it was punishment when China announced their own retaliatory tariffs. Treasury Secretary Scott Besant said China made a mistake and was basically being isolated as a result.
Yeah, another really big deal. I mean, while he paused the tariffs on most everyone else, he doubled down on China, raising the tariffs to 125%. He said it was punishment when China announced their own retaliatory tariffs. Treasury Secretary Scott Besant said China made a mistake and was basically being isolated as a result.
Yeah, another really big deal. I mean, while he paused the tariffs on most everyone else, he doubled down on China, raising the tariffs to 125%. He said it was punishment when China announced their own retaliatory tariffs. Treasury Secretary Scott Besant said China made a mistake and was basically being isolated as a result.
Now, Trump said he did not think he would need to raise the China tariffs any further. And even though he had some very harsh words about China's trade abuses, he actually called Xi Jinping a friend and said he expects Xi to eventually call, and then he says they'll work out a deal. So all of that is something we'll be watching for.
Now, Trump said he did not think he would need to raise the China tariffs any further. And even though he had some very harsh words about China's trade abuses, he actually called Xi Jinping a friend and said he expects Xi to eventually call, and then he says they'll work out a deal. So all of that is something we'll be watching for.
Now, Trump said he did not think he would need to raise the China tariffs any further. And even though he had some very harsh words about China's trade abuses, he actually called Xi Jinping a friend and said he expects Xi to eventually call, and then he says they'll work out a deal. So all of that is something we'll be watching for.
Thank you, Layla.
Thank you, Layla.
Thank you, Layla.
Some countries will face reciprocal tariffs as high as 49 percent in what some experts describe as the most aggressive changes to U.S. trade policy in decades. President Trump announced a plan during a Rose Garden ceremony at the White House.
Some countries will face reciprocal tariffs as high as 49 percent in what some experts describe as the most aggressive changes to U.S. trade policy in decades. President Trump announced a plan during a Rose Garden ceremony at the White House.
U.S. officials say the 10 percent tariffs will start April 5th. About 60 countries will face additional, customized reciprocal tariffs starting on April 9th. Trump boasted the plan would supercharge the industrial base and boost government revenues. But most economists warn that tariffs will raise prices for consumers and could hurt the economy. Franco Ordonez, NPR News.
U.S. officials say the 10 percent tariffs will start April 5th. About 60 countries will face additional, customized reciprocal tariffs starting on April 9th. Trump boasted the plan would supercharge the industrial base and boost government revenues. But most economists warn that tariffs will raise prices for consumers and could hurt the economy. Franco Ordonez, NPR News.