Yesterday, in the Rose Garden, President Trump sent out a clear message: the era of globalization is over. Trump announced sweeping tariffs on trillions of dollars of imports. The new duties immediately shook Wall Street and sent stocks plummeting. WSJ’s White House economic policy reporter Brian Schwartz explains how President Trump has wanted this day to happen for decades. And we talk to an American business owner who is deeply worried about what these tariffs mean for his company’s survival. Kate Linebaugh hosts. Sign up for WSJ’s free What’s News newsletter. Further Listening: - The Trade War With China Is On - Trump’s Tariff Whiplash Learn more about your ad choices. Visit megaphone.fm/adchoices
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Ladies and gentlemen, the president of the United States.
It was an overcast, windy day at the White House yesterday, and a crowd gathered in the Rose Garden.
There was a brass band playing behind us, reporters, as the president was about to enter the Rose Garden.
That's our colleague Brian Schwartz. He was there for a big event. So were cabinet members, Republican senators, and union workers in hard hats.
Thank you. Nice crowd. What a good-looking group of people. Well, we have some very, very good news today.
It was pretty surreal. It was very kind of regal with this kind of blue-collar feel. There were American flags draped behind the president while he was speaking.
My fellow Americans, this is Liberation Day. Waiting for a long time. April 2nd, 2025 will forever be remembered as the day American industry was reborn.
Trump announced sweeping new tariffs on dozens of countries, from allies to adversaries, in a bid to reinvigorate U.S. manufacturing. But these tariffs have sent markets into a tailspin as businesses, governments, and investors digest an escalating global trade war. In one word, what could these tariffs mean for the global economy?
Well, I don't know if it's one word, but one phrase, short-term pain. That is what the administration concedes could happen.
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