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Live from NPR News in Washington, I'm Janene Herbst.
President Trump's 90-day pause yesterday on his terror of hikes on most countries except
China sent Wall Street soaring, with the Dow up 7.8 percent, the Nasdaq up 12 percent,
and the S&P 500 up 9.5 percent by the close.
We don't want to hurt countries that don't need to be hurt.
And they all want to negotiate.
The only problem is, you know, you can only do so many at one time.
It's like, it's, uh, we want to do it right. We want to get it right.
But for China, one of the U.S.'s biggest trading partners, Trump announced he would raise tariffs
on Chinese imports to 125% immediately. This after Beijing announced a new round of tariffs
at 84% on U.S. imports, which are now in effect. Meanwhile, the head of the Bank of France
calls Trump's temporary suspension of tariffs,
quote, the beginning of a return to economic reason.
And here's Eleanor Beardsley reports, tariffs on European goods have now been lowered from
20% to 10%, at least for the next three months.
Trump's about face on tariffs came several hours after the EU unveiled its own list of
American products to tax,
which included poultry, wood and fruit.
European leaders say they do not want a trade war with the U.S., they want to negotiate,
but their 450 million strong open market, they say, but with their 450 million strong
open market, they say they won't back down either.
Leah de Moutte was enjoying a glass of wine at a sidewalk cafe.
She says no one can understand Trump's erratic behavior.
The EU is also struggling with Trump's unpredictability when it comes to staying in NATO and supporting
Ukraine.
Eleanor Beardsley, NPR News, Paris. President Trump signed another executive order aimed at state climate laws that he says are
impeding his efforts to promote domestic energy production. From Vermont Public Radio, Abigail
Giles has more.
The new order targets state laws that support environmental justice or disincentivize climate
warming carbon pollution. It directs the U.S. Attorney General to review state energy policies for things that could be
unconstitutional. The order explicitly condemns a first in the nation Vermont
law modeled after the federal Superfund program that allows the state to seek
climate damages from major fossil fuel companies. Vermont's Attorney General
Charity Clark says the order has no legal teeth and amounts to political grandstanding.
This is another example of the president trying to undermine state sovereignty.
The executive order directs the Justice Department to prevent states from enforcing these climate
policies and report back on its progress in 60 days.
For NPR News, I'm Abigail Giles.
In world financial markets, Asia markets higher by the close.
The Nikkei in Japan up 9 percent.
The Hang Seng in Hong Kong up nearly 2 percent.
You're listening to NPR News from Washington.
The death toll in the roof collapse at a nightclub in the Dominican Republic has grown to at least 184.
At least 145 were rescued from
the building and around two dozen remain hospitalized. Rescue crews are continuing to search for
survivors as dozens of people search for their loved ones. The club was packed with musicians,
professional athletes and others when dust started falling from the ceiling. Minutes
later the roof collapsed. It's not clear when the building was last inspected and the cause of the collapse is under investigation.
Chad GPT maker OpenAI is countersuing Elon Musk, claiming the billionaire is engaged
in a pattern of harassment. As MPR's Bobbi Allen reports, it follows Musk's own lawsuit
against the AI company for putting profits over public good.
Lawyers for OpenAI are asking a federal judge to stop Musk's attacks against the leading AI firm,
saying he has made it his project to take down OpenAI. The bitter feud between Musk and OpenAI
has been long running. Musk was a co-founder of OpenAI, but split away from the company before
it unveiled ChatGPT in late 2022. Musk has since launched a competing firm called XAI.
In recent months, Musk has sued OpenAI, saying it abandoned its nonprofit mission and misled
early investors. And in February, Musk submitted an unsolicited bid to take over OpenAI, which
the company dismissed as an unserious publicity grab. Bobby Allen, NPR News.
And after a historic rally on Wall Street
yesterday, U.S. futures contracts this morning aren't trading lower. Dow futures
down about 1.6%. I'm Janene Herbst, NPR News in Washington.
Cell phones, cars, coffee. How do these goods make their way to us from overseas?
And what will President Trump's tariffs mean for their price tags? Join the 1A
podcast as we explore supply chains and costs associated with some of your favorite
products.
It's our series, How Did This Get Here, every Wednesday.
Listen to the 1A Podcast from NPR and WAMU.