Trump Tariffs Unveiled & FBI Censored Biden Laptop | 4.3.25
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What tariffs did President Trump unveil?
President Trump unveils his highly anticipated tariff plan in a Rose Garden speech.
My fellow Americans, this is Liberation Day. Did Trump win over his critics?
I'm Georgia Howe with Daily Wire Editor-in-Chief John Bickley. It's Thursday, April 3rd, and this is Morning Wire. Damning new evidence points to an FBI cover-up ahead of the 2020 election.
It's inescapable now that it was clearly so they could help steer the election towards Joe Biden. And trade negotiations between the U.S. and the U.K. hang in the balance as the fate of a pro-life protester becomes a bargaining chip.
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After months of anticipation, President Trump rolled out his plan to implement historic tariffs on Wednesday, transforming American trade policy with the stroke of his pen.
How did Trump's tariffs impact global trade policy?
Daily Wire senior editor Cabot Phillips is here with the highlights. So Cabot, everyone has been waiting to hear this tariff plan. What did Trump announce?
Yeah, world leaders, investors, the business community, everyone has been holding their breath ahead of what Trump described as Liberation Day. And it did not disappoint. Speaking from the Rose Garden before an audience of lawmakers, small business owners, farmers and auto factory workers, the president kicked things off with a simple message.
April 2nd, 2025 will forever be remembered as the day American industry was reborn, the day America's destiny was reclaimed, and the day that we began to make America wealthy again.
So no doubt this will transform the global economy. What did the final plan look like?
So first, the U.S. will establish a minimum baseline tariff of 10% on all countries, regardless of what they charge now. From there, the president announced that rates will be reciprocal, aka will decide what to charge based on what other countries charge us. But according to Trump, the U.S. will be gracious. In his words, quote, kind reciprocal, not full reciprocal. In a truly just remarkable scene, the president held up a giant poster board displaying dozens of countries along with the exact rate that they'll now pay. Trump says that number was decided by adding up each country's tariffs, value-added taxes, and currency manipulation. That number was then divided by two, and the final rate was decided.
For example, according to Trump, China's overall rate on U.S. imports is 67%, so they'll get 34%. The EU will face 20% rates. Japan, 24%. Australia, 10%. India, 26%. The list goes on. If you look at Switzerland, 61% to 31%. Indonesia, Malaysia, Cambodia. Oh, look at Cambodia, 97%.
We're going to bring it down to 49. They made a fortune with the United States of America. United Kingdom, 10%.
And it was interesting. The president noted that while he views existing tariff discrepancies between the U.S. and trading partners as unfair, he did not blame those other countries for those policies.
Such horrendous imbalances have devastated our industrial base and put our... National security at risk. I don't blame these other countries at all for this calamity. I blame former presidents and past leaders.
Now, Trump devoted much of his address to the auto industry, saying foreign tariffs have driven American companies to outsource production, leaving our manufacturing base decimated. In an effort to bring back that auto production to the U.S., he announced additional 25% tariffs on all auto imports across the board. Following that move, he called Brian Panbacker, a United Auto worker, to the podium.
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Chapters
6 chapters
1
What tariffs did President Trump unveil?
0:03–1:42
2
How did Trump's tariffs impact global trade policy?
1:42–5:51
3
What was the political response to Trump's tariff announcement?
5:51–8:15
4
What are the details of the FBI's handling of the Hunter Biden laptop?
8:15
5
How is Acorns helping people save and invest?
0:54–7:57
6
What values does Old Glory Bank support?
7:57–14:33
Speakers
8 identifiedMore from Morning Wire
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