Apr 03 2025 59 mins 69
In remarks in the Rose Garden on April 2, President Trump announced steep tariff rates on many countries, including 34% on China, 20% on the European Union, 46% on Vietnam and 32% on Taiwan. Citi Wealth CIO Kate Moore explains the implications for the markets, and CNBC’s Steve Liesman explains the administration’s calculus in arriving at these numbers. Courtney Reagan and Phil LeBeau report on how retailers and automakers are navigating the changes. Finally, an extended interview with the official at the center of it all: Commerce Secretary Howard Lutnick. Sec. Lutnick defends and explains the tariff strategy, underscoring his and the President’s hopes to bring manufacturing back on shore.
Kate Moore - 11:21
Steve Liesman - 24:21
Phil LeBeau - 36:14
Courtney Reagan - 38:37
Howard Lutnick - 43:07
In this episode:
Steve Liesman, @steveliesman
Phil LeBeau, @Lebeaucarnews
Courtney Reagan, @courtreagan
Howard Lutnick, @howardlutnick
Becky Quick, @BeckyQuick
Joe Kernen, @JoeSquawk
Andrew Ross Sorkin, @andrewrsorkin
Katie Kramer, @Kramer_Katie
