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NPR News Now

NPR News: 04-09-2025 6PM EDT

NPR News Now

NPR

News, Daily News

4.313.3K Ratings

🗓️ 9 April 2025

⏱️ 5 minutes

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NPR News: 04-09-2025 6PM EDT

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Transcript

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0:00.0

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0:02.3

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0:05.3

They offer premium wireless plans for less, and all plans include high-speed data,

0:09.6

unlimited talk and text, and nationwide coverage.

0:12.2

See for yourself at mintmobile.com slash switch.

0:16.9

Live from NPR News in Washington, I'm Jack Spear. Global market shuddered, and it appears the Trump administration blinked. U.S. stocks soared today after the administration said it would temporarily back off on steep reciprocal tariffs for 90 days for most countries.

0:35.3

Stocks were moving into bare market territory today and a bond sell-off was underway. Trump had a different explanation for most countries. Stocks were moving into bare market territory today and a bond

0:38.5

sell-off was underway. Trump had a different explanation for his decision. You have to have

0:42.6

flexibility. I could say, here's a wall, and I'm going to go through that wall. I'm going to go

0:49.0

through it, no matter what, keep going and you can't go through the wall. Sometimes you have to

0:53.6

be able to go under the wall, around the wall, or over the wall. Sometimes you have to be able to go under the

0:54.6

wall, around the wall, or over the wall. The administration is keeping auto tariffs in place,

0:58.7

as well as 25 percent tariffs on some goods from Canada and Mexico. The two countries would

1:03.7

not be subject to the 10 percent tariffs on goods that will be in effect for others. One major

1:07.9

exception, China, where Trump has raised tariffs to a hundred and twenty-five

1:11.7

percent after Beijing retaliated with tariffs of its own. For Wall Street, one of the best days

1:16.6

in history in reaction to the move, the Dow was up nearly 3,000 points. Many small business

1:23.1

owners across the U.S. are breathing a sigh of relief after President Trump's push of the pause button,

1:28.3

but as NPR's Windsor Johnston reports, companies that rely on factories in China are bracing for a big hit.

1:33.2

Casey Ames is the owner of Harkla, an Idaho-based company that specializes in developmental and sensory products for kids with special needs.

1:42.1

He says the majority of his goods are manufactured in China,

1:46.3

and shifting to domestic production is not an option. We've tried to look to manufacture in the U.S.

...

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