Trump Tweaks Tariffs & Revives Iran Nuclear Talks | 4.15.25
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How is the U.S. stock market reacting to the trade policies and tariff updates?
How's the stock market reacting to talk of more trade deals?
I'm Georgia Howe with Daily Wire Editor-in-Chief John Bickley. It's Tuesday, April 15th, and this is Morning Wire. The Trump administration continues to push for a nuclear deal with Iran after holding the first direct talks with the country in years.
I think they're tapping us along because they were so used to dealing with stupid people in this country.
And it's April 15th, the dreaded tax day. How would the big, beautiful bill affect taxes going forward?
Virtually every American family would benefit if the $4 trillion-plus tax increase is prevented.
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President Trump announced new tariffs Monday as tech giant Nvidia announced a historic investment in American chip manufacturing.
Daily Wire senior editor Cabot Phillips is here with more on the trade war and a closely watched visit from a new American ally. Hey, Cabot. So the president shaking things up once again yesterday with new tariff announcements. First, what did we learn there?
Yeah, as we discussed yesterday, the White House said they plan to offer tariff exemptions for certain tech imports like laptops and smartphones. That was music to the ears of tech companies. But by Monday, the president announced that one crucial product, semiconductor chips, would not be exempt and would instead be subject to their own tariffs. We're still waiting to hear what sort of rate they'll face, but it is a big move. The U.S. imported nearly $850 billion worth of semiconductors last year alone.
So some potentially big short-term effects there. But long-term, that reliance on foreign ships could be changing. That's following some big news yesterday, correct?
Exactly. In a major win for the White House, tech giant NVIDIA announced a half-trillion-dollar investment in American manufacturing. Over the next four years, they'll set up shop in Arizona and Texas. They've commissioned more than a million square feet of manufacturing space there. When production is complete, NVIDIA says they'll be able to construct supercomputers entirely here in the US, a feat that has never been accomplished. The company's CEO said the investment will, quote, "...strengthen our supply chain and boost our resiliency." For their part, the White House called the announcement, quote, the Trump effect in action. They say the best way to avoid tariffs is by making things here in America. Here's President Trump at the White House yesterday speaking to that point.
NVIDIA, as you know, controls that almost the entire sector, which is one of the most important sectors in the world. And the reason they did it is because of the election on November 5th and because of a thing called tariffs.
And on the economic front, Trump also got some good news yesterday from the Federal Reserve. They found that Americans do believe inflation will rise in the coming months, but that they expect it to be a short-term disruption. And that's important because consumer expectations on inflation can often become self-fulfilling as it changes what folks are willing to pay for certain products.
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Chapters
8 chapters
1
What recent changes has President Trump made to tariffs and how is Nvidia responding?
1:43
2
How is the U.S. stock market reacting to the trade policies and tariff updates?
0:15–4:24
3
What was discussed during the White House meeting with El Salvador's President Nayib Bukele?
4:24–7:44
4
What are the details and significance of the revived nuclear talks with Iran?
7:44–8:32
5
Who is Ellie Kohanim and what insights does she provide on the Iran nuclear negotiations?
8:32
6
How would President Trump’s 'big beautiful bill' impact American taxes?
0:44–2:31
7
What investment is Nvidia making in American manufacturing and why is it important?
2:31–3:58
8
What are the consumer inflation expectations and how do they affect the economy?
3:58–14:51
Speakers
10 identifiedMore from Morning Wire
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