Trump's ‘Liberation Day': Donald Trump has officially declared April 2 as "Liberation Day," announcing sweeping tariffs that will impact all foreign nations. The White House insists these measures will "free the U.S. from reliance on foreign goods," but global markets are already reacting with shock. India, China, and the EU have warned of retaliation, and the Sensex & Nifty have plunged due to fears of economic instability. Is this the beginning of a global trade war? Watch now to understand the full impact of Trump’s tariff bombshell!
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00:00This has been the piggy bank for the entire world.
00:03As a result, you've seen these companies make commitments to investing right here in the United States.
00:08I think a lot of them will drop their tariffs because, you know, they've been unfairly tariffed in the United States for years.
00:15We want to do what's right for the country and even the world.
00:18Is the TikTok deal, the negotiations now, tied to a bigger tariff deal with China?
00:25No, but you know it could be.
00:26I mean, you know, I've used tariffs for lots of different reasons, but I could see, you know,
00:31one point in tariffs with China, a big country, would be probably worth more than all of TikTok, as valuable as TikTok is.
00:39It's mixed up. To follow up on China, China, South Korea and Japan say they're going to work together in cooperation to respond to the tariffs that you're going to put into effect this week.
00:50Are you concerned that this move, the tariffs this week, could push some of the United States' closest allies to work with China?
00:58No, I'm not worried about it. I'm not worried about it.
01:01Mr. President, can I ask you about something else?
01:02I think they have a chance of doing better, actually, with the tariffs. It could actually help them in a certain way.
01:07And I think a lot of them will drop their tariffs because, you know, they've been unfairly tariffed in the United States for years.
01:14And if you look at the European Union on cars, the European Union already dropped their tariff down to two and a half percent.
01:21It was announced a couple of days ago, which is what the United States, which is a very small tariff.
01:27The United States judged very little.
01:31And a lot of I think I heard that India just a little while ago is going to be dropping its tariffs very substantially.
01:37And I said, why didn't somebody do this a long time ago?
01:40A lot of countries are going to be dropping their tariffs.
01:42You presented with a bunch of proposals for tariffs by your advisers.
01:45They've been talking about that idea publicly, that your advisers have presented ideas to you about tariffs and what to do in the next two days.
01:52Have you settled on any?
01:53Well, you're going to see, I've settled, yeah, a long, actually a long time ago.
01:56But we talk about it. We talk about it a lot.
01:59We want to do what's right for the country and even the world.
02:02You know, it affects the world, not just this country.
02:05This has been the piggy bank for the entire world.
02:08So it really does affect the world.
02:10And that's important to me also.
02:11Yeah, Jennifer.
02:12One more on the tariffs.
02:14Can you say what the latest thinking is on the start date?
02:17I know you were just in the Oval.
02:19Are they all going to take effect this week on the reciprocal tariffs?
02:22And whenever they start, is that enough time for companies and everyone involved to adjust to that start date?
02:28My understanding is that the tariff announcement will come tomorrow.
02:31They will be effective immediately.
02:33And the president has been teasing this for quite some time, as you know.
02:36He's talked a lot about April 2nd as Liberation Day in America.
02:40It would be taking place today if not for April Fool's Day.
02:43But tomorrow will be the day.
02:44And he's been talking about it for a while.
02:46And as a result, you've seen these companies make commitments to investing right here in the United States.
02:51This has been the piggy bank for the entire world.
02:55As a result, you've seen these companies make commitments to investing right here in the United States.
02:59And I think a lot of them will drop their tariffs because, you know, they've been unfairly tariffed.
03:05The United States views and we want to do what's right for the country and even the world.
