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🗓️ 10 April 2025
⏱️ 10 minutes
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Thursday briefing: Trump’s tariff pause; Republican infighting; Ksenia Karelina; Victor Perez shooting; Masters tee times; and more
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0:00.0 | Well, I thought that people were jumping a little bit out of line. They were getting yippy, you know? |
0:10.4 | They were getting a little bit yippy, a little bit afraid. |
0:13.5 | President Donald Trump paused his new tariffs on most of the world. That's where we're starting |
0:19.5 | the seven from the Washington Post. I'm Hannah Jewell. It's Thursday, April 10 world. That's where we're starting The Seven from the Washington Post. |
0:21.6 | I'm Hannah Jewell. It's Thursday, April 10th. Let's get you caught up with today's seven stories. |
0:30.9 | It was another big twist in the tale of Trump's tariffs. |
0:36.1 | Yesterday afternoon, the president announced that he was temporarily reducing new tariffs on most of the world to 10%. |
0:44.0 | That's down from previous rates as high as 50%, which took effect only yesterday. |
0:50.9 | But the 90-day pause doesn't apply to China, where Trump escalated his tariffs even higher |
0:56.9 | yesterday to 125%. Nevertheless, the announcement of the pause sent the stock market on a wild rally. |
1:05.8 | The S&P 500 closed up 9.5%. It followed days of market turmoil, including some concerning moves in the bond |
1:15.4 | market. U.S. Treasuries are usually seen as a safe bet for investors, so an unexpected sell-off |
1:23.0 | seemed to foretell an even bigger global financial crisis. That was making people queasy, as Trump put it |
1:30.9 | yesterday. Between Tuesday evening and Wednesday afternoon, Trump and his advisors spoke to Republican |
1:37.1 | lawmakers and top foreign leaders. They raised concerns about a worldwide recession. So Trump reversed course. |
1:46.6 | Speaking to reporters in the Oval Office, Trump said it was all part of the plan. |
1:51.1 | But this was something certainly we've been talking about for a period of time, |
1:55.0 | and we decided to pull the trigger. |
1:58.0 | And we did it today, and we're happy about it. |
2:00.1 | But the pause raises new questions. |
2:03.5 | Less than four hours before the announcement, |
2:06.2 | Trump posted on his social media platform, Truth Social. |
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