Tariffs hit households, Rubio’s NATO meeting, FDA delays vax approval & more

CNN 5 Things

CNN

Daily News, News

4.3 • 1.2K Ratings

🗓️ 3 April 2025

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We’ll break down the impact President Donald Trump’s tariffs will have on Amercian households. Secretary of State Marco Rubio says the US is staying in NATO. Layoff announcements are at their highest level since the pandemic. The FDA is delaying its full approval of a Covid-19 vaccine. And, investigators share what caused the death of a former New York Yankee’s son. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Ready to launch your business? Get started with the commerce platform made for entrepreneurs.
0:04.8	Shopify is specially designed to help you start, run and grow your business with easy customizable themes that let you build your brand.
0:12.5	Marketing tools that get your products out there. Integrated shipping solutions that actually save you time.
0:17.5	From startups to scaleups, online, in, and on the go. Shopify is made for
0:22.9	entrepreneurs like you. Sign up for your $1 a month trial at Shopify.com slash setup.
0:31.2	Hi there. From CNN, I'm Erin Matheson, with the five things you need to know for Thursday, April 3rd.
0:38.6	So the new tariffs, President Donald Trump announced yesterday aren't just affecting global stock
0:43.8	markets or automakers. They're affecting small businesses and working in middle class households as well.
0:50.1	Justin Wolfers, a University of Michigan economics professor, told CNN that we can expect
0:55.5	the cost of living to rise by 6% as businesses pass extra costs onto consumers.
1:01.5	We can actually think about this as a tax hike.
1:04.1	If you measure how much money, Trump thinks he's going to get out of this tax, it's about
1:09.0	$5,000 per American household per year. So this is really going to get out of this tax. It's about $5,000 per American household per year. So this is really
1:14.1	going to hurt. Wolfers added that the impact will also be felt abroad, as low GDP countries
1:19.7	will suffer, quote, damaging effects. And rich nations are appearing to organize and retaliate
1:25.6	against the U.S. and leave it isolated.
1:29.2	President Trump's made clear.
1:31.2	He supports NATO.
1:32.5	We're going to remain in NATO.
1:34.0	That's Secretary of State Marco Rubio.
1:36.5	He's at a NATO meeting in Brussels today.
1:38.8	His comments surround concerns that the U.S. will pull out of the alliance.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNN, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNN and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.