CBS Evening News CBS Evening News, 04/10/25
Apr 10, 2025
Financial markets are feeling the pinch from escalating trade tensions between the U.S. and China, raising concerns for small businesses. A tragic helicopter crash in the Hudson River claims the lives of all six aboard. In a landmark ruling, a New York jury awards $1.68 billion to women who accused filmmaker James Toback of abuse over decades. Plus, a touching story of resilience in sports juxtaposes personal triumph with the ongoing debate over the Gulf of Mexico's name.
AI Snips
Chapters
Transcript
Episode notes
Trade War Hits U.S. Hard
- The trade war between the U.S. and China is causing significant uncertainty and market declines.
- Tariffs have risen as high as 145%, impacting American businesses and consumers deeply.
Small Business Tariff Struggles
- Sarah Wells, a small business owner, faces severe costs due to sudden tariff hikes on Chinese imports.
- She had to pay over $15,000 unexpectedly, which could force layoffs and halt ordering, threatening her business.
Supply Chain Shift Challenges
- Sarah Wells is exploring moving production to Cambodia but faces delays and risks from potential tariffs there.
- She wishes there had been warning so businesses could adapt supply chains to new trade policies.