Transcript
Jonathan Swan (0:00)
Jonathan I'm Jonathan Swan. I'm a White House reporter for the New York Times. Our job as reporters is to dig out information that powerful people don't want published to take you into rooms that you would not otherwise have access to. There's no robot that can go and talk to someone who is in THE Situation room and find out what was really said. In order to get original information that's not public, we actually need journalists to do that. I'm asking you to consider subscribing to the New York Times. Independent journalism is important, and without you, we simply can't do it.
Tracy Mumford (0:33)
From the New York Times, it's the headlines. I'm Tracy Mumford. Today's Friday, August 1st. Here's what we're covering. President Trump has set off another wave of uncertainty in global trade, announcing sweeping new tariffs and a new deadline.
Anna Swanson (0:51)
The president had insisted that August 1 was a firm deadline, but obviously he has a history of kicking the can down the road when it comes to tariffs, and this order does again, delay, delay that deadline for seven more days.
Tracy Mumford (1:04)
My colleague Anna Swanson has been covering Trump's trade policy. She says that late yesterday, just hours before many of his tariffs were set to kick in, Trump signed an executive order setting new tariff rates of 10 to 41% for dozens of countries, but he pushed them back to August 7th.
Anna Swanson (1:23)
It implies that countries can still come to the United States to finalize negotiations. That's probably not practical for more than a handful of countries listed in these tariff lists, but we'll see how many are able to close deals over the next week.
Tracy Mumford (1:38)
A number of countries, including the UK and South Korea, have already reached agreements with the us, sparing them from some of the highest surcharges Trump had threatened. When it comes to the US's largest trading partners, though, a lot of things are still up in the air. Trump boosted tariffs on a slice of Canadian products effective immediately, escalating his attacks on a country that has long been a close US ally. He announced that Mexico will get 90 more days to negotiate its tariffs. And this week, the White House said it will continue separate talks with China, likely pushing back any new deal on that front until fall at the earliest.
Steve Witkoff (2:23)
Special envoy Witkoff and Ambassador Huckabee will be traveling into Gaza to inspect the current distribution sites and secure a plan to deliver more food and meet with local Gazans to hear firsthand about this dire situation on the ground.
