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🗓️ 8 April 2025
⏱️ 6 minutes
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0:31.2 | Hi there, from CNN. I'm Joe Beck, with the five things you need to know for Tuesday, April 8th. |
0:38.5 | Markets have risen worldwide after yesterday's dramatic drops. |
0:43.3 | Most Asian stock indexes closed higher, including Japan and South Korea, |
0:48.5 | while many European markets opened higher. |
0:51.5 | And US futures were looking better ahead of the bell. |
0:56.1 | But with uncertainty still swirling about President Donald Trump's tariffs, is there more drama to come? And ultimately, |
1:01.8 | what could this mean for the economy? That's what we asked CNN's Anna Kuban. |
1:06.3 | Well, Joe, you're right. Markets do look more cheerful today. But let's just put this into |
1:10.4 | perspective. |
1:11.4 | Fears around tariffs aren't going anywhere just yet. Trump is yet to implement many of his new |
1:16.3 | reciprocal tariffs on other countries. So that means that there's plenty of time for those |
1:20.5 | countries to negotiate with the US to try and bring those tariffs down. But there's also plenty of |
1:25.2 | time for retaliation, which we've already had from China, |
1:27.8 | for example. All of the uncertainty and the potential for the cost of foreign goods in the US to |
1:32.6 | rise is likely to have a negative impact on the US economy. Businesses may, for instance, |
1:38.1 | hold off on hiring new workers or making investments because they may just simply not know |
1:42.4 | how much they're going to be spending on imports |
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