Anderson Cooper 360 U.S. Stock Markets Close Higher After Week Of Tariff-Fueled Chaos
Apr 12, 2025
U.S. stock markets show a surprising rebound despite ongoing chaos from the U.S.-China trade war, shaking consumer and investor confidence. Congressman Ritchie Torres discusses the need for strategic economic policies amidst tariff tensions. In another twist, the U.S. Naval Academy faces backlash for banning hundreds of books, raising serious questions about censorship. Lastly, the failure of the U.S. government’s disaster response to recent global crises highlights the disparity in aid measures compared to other nations.
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Trade War Harms Confidence
- The U.S.-China trade war causes major economic uncertainty and global market losses.
- Consumer confidence has dropped sharply, hitting one of its worst declines since 1952.
Tariffs Damage Manufacturing
- Tariffs on foreign inputs weaken American manufacturing rather than strengthen it.
- True manufacturing revival requires focused industrial policy and legislative support, not tariffs.
Tariffs Shake Dollar Trust
- The tariffs are causing immense damage including flight away from dollar-based assets.
- High Treasury yields alongside a falling dollar signal unusual market distrust of U.S. financial stability.