News for April 6, 2025
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U.S. stock futures plunge ahead of Monday open as Trump tariffs shock continuesPresident Donald Trump’s new tariff push sent U.S. markets into more turmoil, and JPMorgan warned the trade shock could raise inflation and hurt the economy.
UK to relax electric car sale rules as Donald Trump's tariffs hitThe United Kingdom is easing electric car sales rules as Donald Trump’s new US tariffs add pressure to the car industry.
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BESSENT: DON'T WORRY, BE HAPPY...Treasury Secretary Scott Bessent said Americans should not worry about recent market drops or retirement savings, even as President Donald Trump’s tariff plan sparked fears of economic pain.
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Transcript: Sen. John Barrasso on "Face the Nation with Margaret Brennan," April 6, 2025Sen. John Barrasso defended President Donald Trump’s tariff plan on CBS’s "Face the Nation," saying it is legal and part of a bigger Republican economic push that also includes tax cuts and spending changes.
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Full transcript of "Face the Nation with Margaret Brennan," April 6, 2025President Donald Trump’s new tariff push rattled markets, and Commerce Secretary Howard Lutnick defended it as a national security move meant to bring more manufacturing back to the United States.
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Rep. Don Bacon says he has "beginning support" in the House for measure to claw back authority over tradeRep. Don Bacon is pushing a House bill to give Congress more control over tariffs after President Donald Trump’s new trade moves shook markets and sparked backlash.
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Transcript: Rep. Don Bacon on "Face the Nation with Margaret Brennan," April 6, 2025Rep. Don Bacon said Congress should take back more control over tariffs and criticized the firing of top National Security Agency leaders without a clear explanation.
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Commerce Secretary says tariffs are here to stay and will "reset the power of the United States of America"Commerce Secretary Howard Lutnick said President Donald Trump’s new tariffs will go into effect soon and are meant to reset U.S. economic power.
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Transcript: Sen. Mark Warner on "Face the Nation with Margaret Brennan," March 30, 2025Sen. Maria Cantwell said President Donald Trump’s tariffs are raising costs, hurting consumers and farmers, and she is pushing Congress to take back some control over trade policy.
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Zimbabwe to scrap tariffs on US goods in goodwill gesture to TrumpZimbabwe’s president says the country will scrap tariffs on US goods in a bid to improve ties with President Donald Trump’s administration after new US tariffs hit Zimbabwean exports.
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At America's last alumina refinery, a trade war spells trade-offsPresident Donald Trump’s new metal tariffs could help U.S. aluminum production, but they also expose a trade-off for Atlantic Alumina’s last U.S. alumina refinery as local residents say the plant brings pollution and health risks.
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E.U. seeks unity in first strike back at Trump tariffsThe European Union is trying to stay united as it prepares its first counterstrike against President Donald Trump’s tariffs, with a vote on targeted retaliation expected this week.
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'SNL' jokes that Trump's tariffs will 'Make America Great Depression Again'SNL mocked President Donald Trump’s new tariffs as a move that could raise prices and push the U.S. toward an economic slump.
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