CNN 5 Things Historic global trade war, WH fires staffers, devastating storms & more
Apr 3, 2025
A major trading partner responds to significant tariffs, stirring worries of economic fallout and stock market dips. Amidst this, the White House makes unexpected staff cuts, raising questions about political stability. Severe storms wreak havoc across the central U.S., leaving many to recover from tornado devastation. Tensions remain high as ceasefire negotiations unfold between Israel and Hamas. Meanwhile, NYC's Mayor Adams shifts gears on his re-election campaign, declaring an independent run.
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Tariff Impact
- President Trump's tariff announcement spooked Wall Street, raising recession fears.
- Global markets and the U.S. dollar fell due to the announcement's potential for trade backlash.
Stellantis Production Halt
- Stellantis paused production at some Canadian and Mexican auto plants due to new U.S. tariffs.
- This led to approximately 900 worker layoffs across five Midwest plants.
White House Firings
- At least three National Security Council staffers were fired.
- Sources suggest that the firings relate to Trump's meeting with Laura Loomer, who questioned staff loyalty.