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Trump limits tariffs on most nations for 90 days, raises taxes on Chinese imports
By JOSH BOAKUpdated 4:56 PM CDT, April 9, 2025
WASHINGTON (AP) — Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed off his tariffs on most nations for 90 days even as he further jacked up the tax rate on Chinese imports to 125%.
It was seemingly an attempt to narrow what had been an unprecedented trade war between the U.S. and most of the world to a showdown between the U.S. and China. The S&P 500 stock index jumped 9.5% after the announcement, but the drama over Trump’s tariffs is far from over as the administration prepares to engage in country-by-country negotiations. In the meantime, countries subject to the pause will now be tariffed at 10%.
The president hit pause in the face of intense pressure created by volatile financial markets that had been pushing Trump to reconsider his tariffs, even as some administration officials insisted the his reversal had always been the plan.
As stocks and bonds sold off, voters were watching their retirement savings dwindle and businesses warned of worse than expected sales and rising prices, all a possible gut punch to a country that sent Trump back to the White House last year on the promise of combatting inflation. ...
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President Trump claims 90,000 factories have shuttered since the free trade agreement took effect, but more recent data shows the figure is misleadingly high.
www.cbsnews.com
'Death sentence': Advocates blast $1.3 billion in State Department food aid cuts
The State Department has moved to squeeze lifesaving foreign aid dramatically around the world, according to several U.S. officials familiar with the matter.
Highlights from the US stock market: Stocks drop again as uncertainty reigns about Trump's tariffs
Wall Street gave up an early rally and went negative. The S&P 500 fell 1.6% after wiping out an early gain of 4.1%, which had it on track for its best day in years. That brought the index nearly 19% below its record set in February.
apnews.com
Russia says Ukraine continues to strike energy infrastructure daily despite moratorium
Russia said that Ukraine continued to strike Russian energy infrastructure on a daily basis, in violation of a U.S.-brokered 30-day moratorium.
www.usatoday.com
Anti-woke nonprofit sends letter to top legal firms in America warning about DEI
The anti-woke nonprofit 1792 Exchange has issued a warning to the country's top law firms not to engage in DEI practices or face possible liability.
How major US stock indexes fared Tuesday, 4/8/2025
U.S. stocks dropped after a second day of stunning reversals. The S&P 500 fell 1.6% Tuesday after wiping out an early gain of 4.1%, which had it on track for its best day in years.
apnews.com
Agriculture secretary doesn't expect egg prices to significantly increase after Trump tariff announcement
Agriculture Secretary Brooke Rollins opens up about the potential impact of President Donald Trump's tariffs on American farmers on 'Special Report.'
Highlights from the US stock market: Stocks drop again as uncertainty reigns about Trump's tariffs
Wall Street gave up an early rally and went negative. The S&P 500 fell 1.6% after wiping out an early gain of 4.1%, which had it on track for its best day in years. That brought the index nearly 19% below its record set in February.
apnews.com
Trump signs executive order to boost U.S. coal industry, in part to fuel artificial intelligence
It's the latest move by the Trump administration that clashes with global aims to reduce coal power and cut harmful greenhouse gas emissions fueling climate change.
www.nbcnews.com
China calls JD Vance "ignorant and impolite" over his "peasants" comments
A spokesperson for China's foreign ministry hit back at Vice President JD Vance after Vance referred multiple times to "Chinese peasants" in a Fox News interview.
www.cbsnews.com
Judge Boasberg cancels hearing on Trump deportations after Supreme Court ruling
Following a ruling Monday by the Supreme Court, Judge James Boasberg has canceled a Tuesday hearing on the administration's use of the Alien Enemies Act for deportations.
Know their Names: The Gaza Red Crescent paramedics Israel attacked
On March 23, Israeli forces killed a group of Palestinian rescue workers in Rafah, Gaza. Here are their stories.
Here's the list of books the Naval Academy removed from its library during DEI purge
Included in the purge is “How to be Anti-Racist" by Ibram X. Kendi, as well as “I Know Why The Caged Bird Sings" by American writer and poet Maya Angelou.
New offers for buyouts and early retirement offered to Homeland Security staff
The Department of Homeland Security is offering buyouts and early retirement options to staffers, as officials push forward with efforts to reduce and reshape the federal workforce.
apnews.comTrump tariffs updates: Trump says he is open to talks after hiking China tariffs to 125%
"Xi is a smart guy and we'll end up making a very good deal," Trump told reporters in the Oval Office.
www.bbc.com
Fact check: Trump falsely says Europe doesn’t buy anything from US, wildly exaggerates trade deficit with China | CNN Politics
Speaking to reporters Sunday on Air Force One, President Donald Trump defended his new global tariffs with a familiar series of false claims about tariffs and trade.
www.cnn.com
China slams US with 84% tariff after new wave of Trump levies: Live updates
As the tariff turmoil takes a toll on financial markets, Trump advisers say about 70 nations want to make a deal.
www.usatoday.com
Under Trump, US Justice Department ends cryptocurrency investigations
The Justice Department says it will instead pursue cartels and criminal networks that use digital currencies.
Trump trade rep takes bipartisan fire over tariffs as Dem launches bid to halt them
USTR Jamieson Greer was the witness at a Senate Finance Committee hearing on Tuesday after markets appeared to rebound on tariff negotiation news
House Republican leaders struggle to corral votes for Senate budget plan to advance Trump's agenda
Trump met with some of the holdouts at the White House as Speaker Mike Johnson eyes bringing the measure to the floor this week, but Republicans still don't have the votes.
www.nbcnews.comHighlights from the US stock market: Stocks drop again as uncertainty reigns about Trump's tariffs
Wall Street gave up an early rally and went negative. The S&P 500 fell 1.6% after wiping out an early gain of 4.1%, which had it on track for its best day in years. That brought the index nearly 19% below its record set in February.
apnews.com
Nearly 3 years after launch of 988 suicide lifeline, underfunding threatens call centers' mission
Nationwide, calls increased 40% soon after the three-digit number was officially launched in 2022.
www.cbsnews.comArmy to begin limited use of horse-drawn caissons for Arlington National Cemetery funerals
The Army will begin limited use of horse-drawn caissons for funerals at Arlington National Cemetery the week of June 2.
apnews.com
Biden admin held private talks with Beijing on Chinese spy balloon ahead of notifying public, officials say
Biden officials held discussions with Beijing on Feb. 1 about the balloon, and discussed the impact disclosing the balloon to the public could have on the relationship with China.
Acting IRS commissioner resigning after agency reaches data-sharing deal with immigration authorities | CNN Politics
Acting Internal Revenue Service Commissioner Melanie Krause informed her staff Tuesday she is leaving the agency amid internal chaos and the exodus of several senior IRS officials, according to two current IRS employees and one former IRS employee.
www.cnn.comNebraska will continue to split electoral votes in presidential elections
Nebraska will continue to split its presidential electoral votes by congressional district — at least for now.
apnews.comLive updates: Trump news, global tariffs, CNN town hall with Bernie Sanders | CNN Politics
President Donald Trump continues to forge ahead with his domestic and foreign policy agenda as he implements his global tariff plan. Follow for the latest live news updates.
www.cnn.com
White House: US will lead in AI, but China is catching up
EXCLUSIVE: The speed of China’s innovation in the artificial intelligence space is “accelerating," director of the White House Office of Science and Technology Michael Kratsios told Fox News Digital but maintained that the United States’ “promote and protect" strategy will solidify its standing...
Nationwide strike for better pay brings Greece to standstill
Public and private workers stage a 24-hour walkout for a full return of collective bargaining rights.
Delta warns of ‘economic uncertainty’ and ‘stalled growth’ in new recession alarm bell | CNN Business
Delta Air Lines warned that revenue could fall in the current quarter and that “growth has largely stalled,” forcing it to drop plans to offer more seats to passengers, in another warning sign about a possible recession hitting even businesses not directly impacted by recent tariffs.
www.cnn.com
Indonesia offers shelter to Palestinians wounded and orphaned in Gaza
Indonesia is ready to evacuate a first batch of around 1,000 victims, who will stay in the country until they have fully recovered from their injuries.
www.nbcnews.comHighlights from the US stock market: Stocks drop again as uncertainty reigns about Trump's tariffs
Wall Street gave up an early rally and went negative. The S&P 500 fell 1.6% after wiping out an early gain of 4.1%, which had it on track for its best day in years. That brought the index nearly 19% below its record set in February.
apnews.com
Trump's pick to head NASA has been to space twice: Recapping billionaire's missions
Billionaire Jared Isaacman could become the next head of NASA, overseeing an agency on the cusp of crewed missions to the moon and Mars.
www.usatoday.com
Analysis: Can Trump convince Iran to ditch its nuclear programme?
The BBC's James Landale looks at how Iran might respond to Trump's threat to agree to a deal or face military action
www.bbc.comThe roof collapses at a Dominican Republic nightclub, killing at least 98 people
A roof collapse at the iconic Jet Set nightclub in the Dominican Republic has killed at least 98 people and others may be trapped.
apnews.com
The next round of Trump’s tariffs could hurt even more. Here’s what to expect | CNN Business
“Liberation Day” came and went, with President Donald Trump’s sweeping new tariffs battering markets, unsettling the global order, and prompting businesses and households to reconsider their spending.
www.cnn.com
Longtime MLB relief pitcher Octavio Dotel killed in Dominican nightclub collapse
The nation’s sports minister confirmed that Dotel, 51, who pitched for 13 teams, died.
www.nbcnews.comWhat to know on the roof collapse at the Jet Set club in the Dominican Republic
Politicians and athletes were among those attending Jet Set in Santo Domingo when disaster struck.
apnews.com
Tiny country of Liechtenstein shocked by 37% tariffs
Liechtenstein is small enough to fit inside New York City four times over, but it's home to several world-class makers of premium products.
www.cbsnews.comUkraine says more than 150 Chinese mercenaries are fighting for Russia in Ukraine
Ukraine has expanded on its claim that significant numbers of Chinese nationals are fighting for Russia’s invading army, saying it had gathered detailed intelligence on more than 150 mercenaries Moscow allegedly recruited through social media.
apnews.com
US, Panama ‘taking back’ canal from ‘China's influence,’ says Hegseth
Defense Secretary Hegseth said the U.S. and Panama are strengthening security ties and "together" will "take back" the canal from the influence of China, which operates two major ports.
US freezes funds for Cornell, Northwestern after pro-Palestinian protests
The White House says Cornell University’s $1bn and Northwestern University’s $790m in federal funding have been blocked.
Elon Musk feuds with Peter Navarro on tariffs as White House says "boys will be boys"
The world's richest person called a key Trump trade adviser "dumber than a sack of bricks" Tuesday.
www.cbsnews.comIsraeli strike on Gaza apartment building kills at least 23, officials say
An Israeli airstrike on a residential block in northern Gaza killed at least 23 people, health officials in the Palestinian territory say.
apnews.com
New video of China’s tailless, triple-engine fighter jet has military aviation community buzzing | CNN
New images have emerged of one of China’s futuristic fighter jets, a three-engine, tailless, flying wing aircraft Western analysts have dubbed the J-36.
www.cnn.com
These are the key events on day 1,140 of Russia’s war on Ukraine.
Here is where things stand on Wednesday, 9 April.
What is "honeypotting"? Here's why the concept straight out of spy movies is a real threat
U.S. government staff based in China were banned from sexual relationships with Chinese citizens earlier this year, bringing age-old fears of "honeypotting" back to the fore.
www.cbsnews.comFamous North Korean assassin who became a pastor in the South following failed 1968 mission dies
Kim Shin-jo, a prominent North Korean commando who resettled in South Korea as a pastor after his daring mission to assassinate then South Korean President Park Chung-hee in 1968 failed, has died.
apnews.com
In a break from U.S., British PM calls for probe into Israel's killing of emergency workers in Gaza
“There’s got to be an investigation,” Keir Starmer told British lawmakers.
www.nbcnews.com
Tracking the world’s major cocaine route to Europe - and why it’s growing
The UK is now a major market for cocaine in Europe - and that's affecting people around the world.
www.bbc.com
Has the dire wolf come back to life? Here is what we know
Their DNA is very close to that of the grey wolf. Here is all we know about Romulus, Remus and Khaleesi, the pups.
NEWS FROM THE HILL:
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