Apr 09 Watch 13:07 Trump pauses many of his tariffs but raises rate on China By Lisa Desjardins, Ryan Connelly Holmes, Amna Nawaz President Trump stunned many by pausing higher tariff rates on most other countries for 90 days. But the president raised tariffs on Chinese imports to 125 percent after Beijing retaliated overnight. This led to a historic day of rallies in… Continue watching
Apr 09 Watch 4:02 What tariffs and trade war threats mean for the U.S. footwear industry By Amna Nawaz, Diane Lincoln Estes In the United States, the vast majority of shoes sold are imported. That means tariffs are a real issue for the footwear industry. Amna Nawaz discussed more with Matt Priest, president and CEO of the Footwear Distributors and Retailers of… Continue watching
Apr 09 Watch 4:45 How the global trade wars could affect personal finances of Americans By Amna Nawaz, Karina Cuevas Amid a roller coaster week for the stock market, we're taking a look at how the global trade wars could affect personal finances in the U.S. Amna Nawaz spoke with Michelle Singletary, personal finance columnist for The Washington Post. Continue watching
Apr 09 WATCH: Trump says he had been thinking of making tariff pause for ‘last few days’ By Associated Press President Donald Trump gave a muddled answer when he was asked by a reporter Wednesday about when he arrived at the decision to pause the tariffs on most countries for 90 days. Continue reading
Apr 09 Israel would be ‘leader’ of strike if Iran doesn’t give up nuclear weapons program, Trump warns By Aamer Madhani, Associated Press Trump made the comments ahead of this weekend's scheduled talks involving U.S. and Iranian officials in the Middle East sultanate of Oman. Trump earlier this week said the talks would be “direct” while Iran has described the engagement as “indirect”… Continue reading
Apr 09 Supreme Court allows Trump to fire independent agency board members — for now By Mark Sherman, Associated Press The action Wednesday seems to signal the court's support for President Donald Trump's effort to remove some limits on executive power. Continue reading
Apr 09 WATCH: Johnson decides to abandon House vote on budget resolution By Lisa Mascaro, Kevin Freking, Associated Press After abruptly halting votes, House Speaker Mike Johnson vowed to try again Thursday to approve a Republican budget framework, having worked into the night to satisfy GOP holdouts who refused to advance trillions of dollars in tax breaks without deeper… Continue reading
Apr 09 U.S. stocks shoot to historic gains after Trump pauses most of his tariffs By Stan Choe, Associated Press The S&P 500 surged 9.5%, an amount that would count as a good year for the market. It had been sinking earlier in the day on worries that Trump’s trade war could drag the global economy into a recession. But… Continue reading
Apr 09 WATCH: Trump hosts auto racing champions at the White House By Associated Press President Donald Trump said he was a racing fan, adding that many people “don’t realize what great athletes they are.”… Continue reading
Apr 09 DOJ suggests U.S. agencies free to disregard judge’s order in law firm dispute By Eric Tucker, Associated Press The Justice Department has suggested to federal agencies that they are free to disregard a judge’s ruling that halted enforcement of a White House executive order that targeted a prominent law firm. Continue reading