CNN 5 Things
Trump starts tariff clock, FEMA staff cuts, Russia attacks Kyiv & more
Apr 24, 2025
President Trump reignites the tariff countdown, causing ripples in global trade. FEMA faces significant staff cuts just before hurricane season, raising concerns about disaster preparedness. A deadly attack in Kyiv adds to escalating tensions with Russia. In South Asia, the tragic killing of civilians heightens conflicts between India and Pakistan. Lastly, breakthroughs in identifying victims from a long-standing cold case bring some closure to families.
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Quick takeaways
- The potential reimposition of tariffs by Trump could escalate the trade war, impacting around 100 countries with significant rates.
- FEMA's impending workforce cuts before hurricane season raise serious concerns about its readiness and ability to respond to disasters.
Deep dives
Upcoming Trade Tariffs and Their Implications
The potential reimposition of tariffs by the Trump administration may significantly escalate the ongoing trade war, with discussions about reciprocal tariffs affecting around 90 to 100 countries. These tariffs could reach as high as 50%, excluding China, which faces even steeper potential duties of 145%. Recently, Trump hinted at offering more favorable terms to China, suggesting that the previously proposed rates could be reduced, a move welcomed by global investors. However, experts believe that Chinese officials are skeptical of Trump's intentions and feel they currently hold a stronger bargaining position.
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