ICYMI: Why Global Markets Are In Flux

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🗓️ 8 April 2025

⏱️ 15 minutes

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Summary

President Donald Trump's escalating trade war sent markets lurching between hope and panic yesterday.

But overall, stocks have been tumbling since last Wednesday. That's when President Trump announced a universal 10 percent tariff on all goods coming into the U.S.

He also announced additional import taxes on 185 countries. Those tariffs are set to kick in Wednesday.

In response, the global economy is in a tailspin. We discuss the latest.

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0:39.0	You're listening to the 1A podcast. I'm Jen White, and this is, in case you missed it, where we bring you some of the week's biggest conversations you might have missed. President Donald Trump's escalating trade war sit markets lurching between hope and panic yesterday. The markets opened stronger this morning, though not enough to make up for the downturn over the last week. Stocks had tumbled
0:43.6	since President Trump announced a universal 10% tariff on all goods coming into the U.S. last Wednesday.
0:49.3	He also announced additional import taxes on 185 countries. Those tariffs are set to kick in Wednesday. We have a
0:56.2	guest here to help us understand the tumult in the market. After the break, we're joined by Mike Bird.
1:01.3	Mike is the Wall Street editor at The Economist and co-host of the Money Talks podcast.
1:06.0	And we'll take a moment to note here that this story is rapidly changing, so for all the latest,
1:10.5	tune in to your local
1:11.4	NPR member station or visit NPR.org. Back with more in a moment.
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