April 3, 2025
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39:31Now PlayingU.S. stocks plummeted Thursday amid retaliation warnings from around the world after President Donald Trump unveiled his wide-ranging tariff program aimed at boosting U.S. manufacturing by pressuring foreign companies to make their products in America.
Trump declared sweeping tariffs of 10% on imports from all countries and much higher levies on about 60, including the European Union and other trade partners, fueling tensions in a global trade war and shaking already wobbly financial markets. The announcement fulfilled the president's vow to punish countries he says have treated the U.S. unfairly with their own tariffs and trade barriers.
Trump was upbeat Thursday morning, posting on Truth Social that "the operation is over! The patient lived and is healing. The prognosis is that the patient will be far stronger, bigger, better and more resilient than ever before. Make America Great Again!!!"
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