Rich Zeoli

Trump Announces Reciprocal Tariffs & 10% Universal Baseline Tariff

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Sinopsis

The Rich Zeoli Show- Hour 3: 5:05pm- In response to President Donald Trump’s tariff announcement, futures on the S&P 500 are initially down just over 1%. Notably, Canada and Mexico—two of the United States’ top trading partners—were not explicitly mentioned for new tariffs. 5:15pm- Will the Trump Administration remove tariffs on countries that remove tariffs on American-made goods? Trump stated: “To all foreign presidents, prime ministers, kings, queens, ambassadors, and everyone else who will soon be calling to ask for exemptions to these tariffs, I say—terminate your own tariffs, drop your barriers, don't manipulate your currencies…and start buying tens of billions of dollars of American goods.” 5:20pm- Listeners call into the show and react to President Donald Trump’s executive order establishing new tariffs on foreign nations. Will this move negatively impact the U.S. economy? Or will it result in other countries removing their tariffs on American-made goods—resulting in truly free trade. 5:30pm-