CNN 5 Things Trump says ‘be cool’, House budget vote, NASA chief nominee & more
Apr 9, 2025
President Trump urges the nation to 'be cool' as tariffs loom from the EU and China. He pushes House Republicans to support his budget amid political strife. There's a pressing public health message about measles vaccinations from the HHS Secretary. Meanwhile, suspects are in custody following a Virginia shooting. In space news, the new NASA chief aims to prioritize Mars exploration while emphasizing lunar missions as crucial stepping stones.
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Trade War Tensions
- President Trump told the US to "be cool" after imposing high tariffs, but trading partners are retaliating.
- China implemented an 84% tariff on US goods, responding to Washington's 104% duties.
US Treasury Secretary's Response
- Treasury Secretary Scott Besant downplayed the impact of China's retaliatory tariffs, stating "so what".
- He argued that China's trade surplus with the US makes them the bigger loser in the trade war.
Market Reaction to Tariffs
- Investors are selling off stocks and bonds, driving up bond yields.
- This could lead to higher interest rates on mortgages, credit cards, and other loans.