The President's Daily Brief
April 3rd, 2025: Trump’s Tariff Blitz & Israel’s Qatar Scandal
Thu, 03 Apr 2025
In this episode of The President's Daily Brief: We’ll start things off with the big news from Liberation Day—President Trump has announced sweeping new tariffs on imports from multiple countries. We’ll explain which goods are affected, the potential impact on the U.S. economy, and how America’s trading partners are responding. Then, an update on the U.S. campaign against the Houthis, with new intelligence suggesting the sustained airstrikes have severely crippled the group’s missile-launching capabilities. Plus, a brewing scandal inside Israel’s government: Two top aides to Prime Minister Benjamin Netanyahu are accused of accepting cash in exchange for promoting Qatar’s role as a mediator in hostage talks with Hamas. And in today’s Back of the Brief: A federal judge has officially dismissed the corruption case against New York City Mayor Eric Adams—permanently. To listen to the show ad-free, become a premium member of The President’s Daily Brief by visiting PDBPremium.com. Please remember to subscribe if you enjoyed this episode of The President's Daily Brief. YouTube: youtube.com/@presidentsdailybrief Birch Gold: Text PDB to 989898 and get your free info kit on gold Learn more about your ad choices. Visit megaphone.fm/adchoices
Chapter 1: What are President Trump's new tariffs announced on Liberation Day?
It's Thursday, the 3rd of April. Welcome to the President's Daily Brief. I'm Mike Baker, your eyes and ears on the world stage and still on the road. Although I am giving you a clue as to where I might be today. All right, let's get briefed. We'll start things off today with the big news from Liberation Day.
President Trump has announced sweeping tariffs on imports from multiple countries, aiming to bolster American manufacturing and address trade imbalances. We'll break down which goods are affected, the potential economic impact, and how international partners are responding. Hint, not well. Henceforth, of course, every 2nd of April shall be known as Liberation Day.
I'm not sure if it's going to be an official government holiday or not. At the least, hopefully, there'll be some cool Liberation Day traditions that we can start. Maybe picnicking, parades, keg stands. I tell you what, send me a note to pdb at thefirsttv.com with how you think the new holiday should be celebrated.
And later in the show, the latest on the US campaign against the Houthis, with reports indicating that the sustained air assault has decimated the terror group's missile launching capabilities.
Plus, a growing scandal inside the Israeli government, as two aides to Israeli Prime Minister Netanyahu are accused of accepting money to push favorable narratives about Qatar as a key mediator in hostage negotiations with Hamas. Und in today's Back of the Brief. The saga of New York Mayor Eric Adams' corruption indictment has come to an end.
A federal judge just tossed out the case and made sure that it can't come back. But first, today's PDB Spotlight. Wir fangen heute mit der eskalierenden Weltkriegswahl an.
Präsident Trump hat seine lange erwarteten Liberation Day-Tarife während einer Rede am Montagabend, die Stockfuture nach vorne sendet, als Wirtschaftsleute beurteilen, dass die finanziellen Voraussetzungen dramatisch Preise für Konsumenten erhöhen könnten.
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Chapter 2: Which goods and countries are affected by Trump's tariff blitz?
Trump begann mit der Erkennung eines 25%-Tarifs auf alle ausländischen Automobilen, die am Mittwoch stattgefunden wurden, um zu beantworten, was er als die, Quote, horrenden Unabhängigkeiten genannt hat, die die Domestik-Vehicle-Manufacturer untergebracht haben.
He followed that by announcing a baseline tariff of 10% on virtually all goods coming into the US, with the exception of products covered by the current North American Free Trade Treaty, that's known as the United States-Mexico-Canada Agreement.
The new baseline tariff, which represents an unprecedented shift in America's longstanding global trade practices, will be implemented at midnight on Saturday. Außerdem hat Trump gesagt, er würde einige 60 Länder schießen, die die Regierung als die schlechtesten Handelsverletzten bezeichnet, mit dem, was er beschrieben hat, als, Quote, verkaufte rezipikalische Tarife.
Auf einem Fall-zu-Fall-Basis werden Länder eine Tarif an der Hälfte der Rente, die sie den USA beurteilen. Diese Tarife werden am Mittwoch am 9. April aufwachen. The laundry list of impacted nations is frankly too long to rattle off, but includes a 34% tariff on China, a 20% tariff on the European Union, a 46% tariff on Vietnam and a 32% tariff on Taiwan.
Es ist wert zu bemerken, dass bestimmte Geräte von den Rezipienten-Tarifen, zumindest bis jetzt, verabschiedet werden werden, z.B. Gold, Kupfer, Pharmazeutika, Semikondukte und Läden. Während der Pressekonferenz hat Präsident Trump es als einen der wichtigsten Tage in der amerikanischen Geschichte genannt und als eine Deklaration der ökonomischen Unabhängigkeit.
The president vowed to use revenue generated from his new tariff regime to reduce taxes and pay down the national debt, while claiming the economic penalties on our trading partners will revive manufacturing in the US, creating jobs and lowering prices for consumers over the long term.
Trump stressed that he doesn't feel ill will towards the nations targeted by his tariffs, I'm sure that makes them feel better, saying he understood why foreign governments charge the U.S. such high rates. Instead, he placed the blame on past presidents and lawmakers for allowing the U.S. to be taken advantage of financially for decades.
Trump stated, quote, today we're standing up for the American worker and we're finally putting America first, end quote. Shortly after his speech, Trump declared a national economic emergency and signed an executive order granting himself broad powers to implement the tariffs. The new levies are expected to trigger widespread economic retaliatory measures from most of the impacted nations.
The EU, for example, plans to announce duties later this month of up to 50%. auf etwa 28 Billionen Dollar von US-Gütern, including American Beef, Poultry, Bourbon, Motorcycles, Peanut Butter and Jeans. You know things are getting out of hand when you start putting tariffs on Bourbon.
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Chapter 3: What are the economic implications and international reactions to the tariffs?
JP Morgan's chief economist recently revised their economic forecast, warning that there is now a 40% chance of a US recession occurring sometime this year. Alright, coming up next. New reports suggest US airstrikes have crippled the Houthis' missile arsenal. And fresh accusations hit Netanyahus inner circle in a growing scandal over pro-Qatari influence. I'll be right back. Hey, Mike Baker hier.
Well, take a look around. Let's take a peek at the economy, shall we? What do you see? Well, we see tariff wars, recession fears and unfortunately some stubborn inflation sticking around. It's no wonder that gold has been routinely hitting all-time highs.
And in volatile markets as well like the one we have right now, don't just sit on the sidelines with your head in the sand pretending everything's okay. Take control and safeguard your savings. Das ist der Grund, warum so viele Amerikaner heute an die Birchgold-Gruppe zurückkehren.
Sie haben Hunderten von Tausenden geholfen, eine existente IRA oder 401k in eine IRA in physischem Gold zu verwandeln. Also fragst du dich selbst, ob es Zeit ist, dich gegen Inflation und ökonomische Unstabilität mit Gold zu hegen. To learn how to own physical gold in a tax-sheltered account, just text PDB to the number 989-898. Birch Gold will send you a free, no-obligation information kit.
Again, just text PDB to the number 989-898. With an A-plus rating with the Better Business Bureau and countless five-star reviews, it's no wonder so many Americans are turning to Birch Gold. Text PDB to 989-898 today. Welcome back to the PDB. The White House says a March air strike in Yemen killed the Houthis top missile expert.
Yet nearly three weeks later, the Pentagon has still declined to confirm it. As we've discussed here on the PDB, the 15 March strikes were the largest American military operation in the Middle East since President Trump returned to office. It was billed as a response to a Houthi campaign of missile and drone attacks against commercial shipping in the Red Sea. Mehr als 100 Angriffe sind seit den 7.
Oktober 2023 Hamas-Angriffe gestartet. Und die Houthi-Führung sagt, ihre Aktionen sind in Solidarität mit Hamas. Während die Verteidigungsoffiziere ruhig über den Begriff waren, war die White House schnell, die Mitte des März-Missions ein Erfolg zu erklären.
National Security Advisor Mike Waltz told CBS News just days after the strikes that American forces had taken out, quote, their head missileer. That sent journalists everywhere scrambling to their dictionaries to find out if missileer is actually a word. Just kidding. Nobody uses dictionaries anymore. Come on.
As you may recall, in the exposed signal group chat by the Atlantic, remember that, which included Waltz, Defense Secretary Pete Hegseth, Vice President J.D. Vance, among other administration officials, and of course the Atlantic's editor-in-chief, Waltz touted the killing in real time, claiming, quote, positive ID of the, quote, top missile guy, entering a building that was then destroyed.
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Chapter 4: How has the US campaign against the Houthis impacted their missile capabilities?
Jurek, für seinen Teil, ist verurteilt, die gesamte Verhandlung und die Messungen den Journalisten unter dem Hinblick auf interne Regierungssourcen zu präsentieren. Es ist eine besonders verdammte Verurteilung, given his long-standing proximity to Netanyahu.
The scope of the probe widened earlier this week with the inclusion of Jerusalem Post Editor-in-Chief Zvika Klein, who traveled to Qatar in 2024 and published an infusive report detailing his interactions with senior Qatari officials. Klein, now suspected of unlawful contact with a foreign agent, maintains his visit was conducted at the official invitation of the Qatari government.
However, internal police memos suggest Feldstein may have orchestrated the trip while still on the government payroll, a claim that Klein denies. While not a suspect himself, Netanyahu has been questioned by police amid allegations that Jurek may have leaked classified cabinet material.
The Prime Minister responded with defiance, releasing a video accusing authorities of holding his aides, quote, hostage and branding the investigation a political hit job. Last month, Netanyahu's cabinet voted unanimously to dismiss Shin Bet-Chief Ronan Barr, a move that, according to several petitions now before the High Court, was aimed at crippling the Qatar-Gate probe.
Chapter 5: What is the scandal involving Israeli Prime Minister Netanyahu's aides and Qatar?
Netanyahu has denied the charge, but Barr, in a letter to ministers obtained by Israeli media, appeared to validate the concern. The court has since frozen his dismissal, pending review.
Chapter 6: What is the latest update on New York City Mayor Eric Adams' corruption case?
At the investigation center lies a simple yet explosive premise, that Qatar, through covert payments and carefully orchestrated media campaigns, sought to shape Israeli public perception and influence wartime decision-making, reaching deep into the Prime Minister's office through a network of well-placed intermediaries. All right. Coming up next in the back of the brief.
A federal judge shuts down the corruption case against New York City Mayor Eric Adams. Permanently. We'll have those details next. In today's back of the brief, it looks like New York City Mayor Eric Adams can breathe a sigh of relief regarding his federal indictment on allegations of foreign corruption.
As a brief reminder, Adams was indicted last September, accused of accepting illegal gifts and contributions from Turkish nationals during his mayoral campaign. Allegations further claimed that once in office, Adams pressured city officials to grant favors to foreign interests in exchange for political support. Well, on Wednesday, the U.S.
District Judge for the Southern District of New York dismissed the corruption case against Adams with prejudice, which means that the charges can't be brought again at a future date.
Chapter 7: How can investors protect themselves during economic uncertainty and tariff wars?
The ruling comes after the Department of Justice requested in February that the case be dropped, arguing the proceedings were interfering with the mayor's ability to govern, thereby impeding the Trump administration's crackdown on illegal immigration, according to a report from the Associated Press.
The move by the DOJ was controversial, to say the least, and prompted eight federal prosecutors to resign over concerns that political considerations were taking precedent over prosecutorial decisions. U.S. District Judge Dale E. Ho appeared to agree on Wednesday, saying he was extremely, quote, troubled by the DOJ's rationale.
Ho wrote, quote, everything here smacks of a bargain, dismissal of the indictment in exchange for immigration policy concessions. Still, Hose said his hands were essentially tied and that he had little choice but to dismiss the indictment, as US courts don't have the authority to compel federal prosecutors to pursue charges.
It's worth noting, however, that the DOJ had requested that the judge dismiss the charges without prejudice, meaning they could have revived the indictment down the road.
Judge Ho rejected that portion of the request, arguing that it would, quote, create the unavoidable perception that the mayor's freedom depends on his ability to carry out the immigration enforcement priorities of the administration, end quote. But the politics of this case are not one-sided.
Adams and the Trump DOJ have both argued that the indictment brought under the Biden administration was political retribution for Adams' sharp criticism of former President Biden's lax immigration policies. For his part, Adams praised the judge's decision to drop the case – well, that makes sense – stating he had done nothing wrong and that the charges should never have been brought.
As for allegations of political favoritism, Adams pushed back, saying, I have always been solely beholden to the people of this city. No special interests, no political opponents, just everyday New Yorkers. And that, my friends, is the President's Daily Brief for Thursday, the 3rd of April.
Now, if you have any questions or comments or suggestions, don't forget, for Liberation Day traditions, just reach out to me at pdbatthefirsttv.com. And don't forget to listen to the show ad-free. Well, it's simple. Become a premium member of the President's Daily Brief. by visiting pdbpremium.com. See, I told you it was simple.
I'm Mike Baker and I'll be back later today with the PDB Afternoon Bulletin. Until then, stay informed, stay safe, stay cool.
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