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The Excerpt

Stocks soar as Trump pauses most tariffs

The Excerpt

USA TODAY

Daily News, News

4.41.2K Ratings

🗓️ 10 April 2025

⏱️ 15 minutes

🧾️ Download transcript

Summary

USA TODAY Money Editor Charisse Jones takes a look at the market response to President Donald Trump's move pausing reciprocal tariffs for most countries.

A jailed U.S. citizen has been released in a prisoner swap with Russia.

USA TODAY National Immigration Reporter Lauren Villagran discusses how tourists detained by ICE are revealing shocking detention conditions.

International tourists are turning away from the U.S. as a travel destination.

The Masters golf tournament tees off.

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Transcript

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0:00.0

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0:06.7

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0:19.5

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0:23.4

Go to Danafarber.org slash stories and see how what we do here changes lives everywhere.

0:34.3

Good morning. I'm Taylor Wilson, and today is Thursday, April 10th, 2025.

0:39.3

This is the excerpt.

0:41.3

Today, markets rebounded after Trump's pause on tariff hikes, plus what tourists detained by ICE are revealing about the immigration system.

0:52.3

Travelers are increasingly turning away from the U.S.

0:55.7

as a destination. The stock market bounced back yesterday as President Donald Trump paused

1:03.0

his reciprocal tariffs for 90 days. I spoke with USA Today, money editor Cherise Jones for more.

1:09.4

Shrease, thank you so much for hopping on today.

1:11.2

Absolutely.

1:12.3

So another big day as it pertained to tariff news.

1:15.5

What did we hear yesterday, Wednesday on the tariff front?

1:18.1

The tariffs have been a real roller coaster.

1:21.0

And President Trump announced that the tariffs that he was going to impose basically on the entire world of up to 50%

1:30.3

were now going to be on pause for 90 days. So there is a basic 10% levy that's going to be on

1:38.2

everybody. But this really big uptick that a lot of countries were expecting did not happen, except for China,

1:46.7

which has been engaged in a real tit-for-tat with the United States. And basically, we'd

1:52.5

increase tariffs for them up to 104 percent. And then they said that they were going to

1:58.3

increase tariffs on our goods, up to 84 percent. And were going to increase tariffs on our goods up to 84%. And we decided to

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