CNN 5 Things Stocks battered by sell-off, teacher grants frozen, TikTok’s deadline extended & more
Apr 4, 2025
Markets are in turmoil as fears of a trade war lead to a significant stock sell-off. The Trump administration secures a win at the Supreme Court, impacting education funding. Meanwhile, TikTok's future hangs by a thread as its divestment deadline looms. A federal ruling sheds light on wrongful deportation flights to El Salvador. And alarmingly, a measles outbreak is on the rise in Texas, driven by declining vaccination rates among young children.
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Trade War Impacts
- Global trade war escalates, causing U.S. stock market plunge.
- Tariffs imposed by the U.S. and China are impacting various industries.
Shrimpers and Tariffs
- Some American shrimpers support tariffs.
- They believe it is necessary to protect the industry from cheap imports.
Teacher Grant Freeze
- Supreme Court allows Trump to freeze teacher shortage grants.
- This marks the administration's first Supreme Court win since returning to the White House.