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CNN 5 Things

Stock markets fall, US storm deaths, transgender travel warnings & more

Apr 3, 2025
Global stock markets are reeling from a recent U.S. tariff announcement, causing widespread concern. Meanwhile, severe storms in central America have led to tragic deaths and devastating damage. Health alarms ring as Louisiana experiences a rise in whooping cough cases, resulting in infant fatalities. In a political shift, Hungary announces its departure from the ICC while hosting controversial talks. On the travel front, some European nations issue warnings for transgender tourists heading to the U.S., highlighting increasing safety concerns.
06:28

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Quick takeaways

  • Global stock markets are experiencing declines due to new US tariffs, significantly impacting international trade and economies, particularly in Asia.
  • Severe storms in the central US have led to fatalities and cautionary travel warnings for transgender individuals due to increasing safety concerns.

Deep dives

Impact of Tariffs on Global Markets

Global stock markets have experienced significant declines following President Trump's announcement of a minimum 10% tariff affecting all nations, with even higher rates for 60 countries facing trade deficits with the US. Asian markets, particularly Japan, have been hit hardest due to their dependence on industries like automotive manufacturing, with major companies such as Toyota and Honda expecting adverse effects. China, where tariffs are particularly severe, has yet to reveal its retaliation plans, leading to calls for diplomatic discussions to mitigate the situation. Tensions among US lawmakers are evident, as several Senate Republicans allied with Democrats to block tariffs on Canadian imports, though a resolution in the House is anticipated to hinder these efforts.

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