{"id":132582,"date":"2025-04-05T15:37:11","date_gmt":"2025-04-05T15:37:11","guid":{"rendered":"https:\/\/quixnet.net\/wpinstance\/trump-news-at-a-glance-tariffs-inflict-more-pain-amid-warning-of-rising-prices-the-guardian\/"},"modified":"2025-04-05T15:37:11","modified_gmt":"2025-04-05T15:37:11","slug":"trump-news-at-a-glance-tariffs-inflict-more-pain-amid-warning-of-rising-prices-the-guardian","status":"publish","type":"post","link":"https:\/\/quixnet.net\/wpinstance\/trump-news-at-a-glance-tariffs-inflict-more-pain-amid-warning-of-rising-prices-the-guardian\/","title":{"rendered":"Trump news at a glance: tariffs inflict more pain amid warning of rising prices – The Guardian"},"content":{"rendered":"

Global markets plunge for a second day as Fed chair defies Trump\u2019s call for interest rate cut and warns of price pain for consumers \u2013 key US politics stories from 4 April
Donald Trump\u2019s sweeping tariffs are roiling global financial markets, with stocks tumbling across the board from New York to London.
Wall Street suffered its worst week since the onset of the Covid-19 crisis five years ago as investors worldwide balked at the US president\u2019s risky bid to overhaul the global economy with the vast tariffs.
Experts are all but unanimous that the impact on global growth of Wednesday\u2019s extraordinary Rose Garden press conference will be negative<\/a> \u2013 but just how bad remains highly uncertain.
Here are the key stories at a glance:
Donald Trump doubled down on his plan on Friday, insisting he would not back down even as the chairman of the Federal Reserve warned it would likely raise prices<\/a> and slow down economic growth.
A stock-market rout continued apace, with the benchmark S&P 500 falling 322 points, or 6%, and the Dow Jones industrial average retreating 2,231.07 points, or 5.2%, in New York. The Dow\u2019s two-day slump has wiped out $6.4tn in value, according to Dow Jones market data.
Read the full story<\/sub><\/a>
China has hit back hard against the US president\u2019s \u201cbullying\u201d tariffs, raising fears that the escalating trade war could trigger a global recession and prompting fresh turmoil in financial markets.
Beijing retaliated on Friday with punitive 34% additional tariffs on all goods imported from the US, mirroring the US decision and exacerbating a sell-off on global stock markets.
Read the full story<\/sub><\/a>
Donald Trump\u2019s global tariffs<\/a> assault is set to raise prices and slow down economic growth, Federal Reserve<\/a> chair Jerome Powell<\/a> has warned, defying the US president\u2019s demands for an immediate interest rate cut.
Read the full story<\/sub><\/a>
Top congressional Democrats<\/a> are protesting against the firing of Gen Tim Haugh as director of the National Security Agency (NSA), with one lawmaker saying the decision \u201cmakes all of us less safe\u201d.
US defense department spokesperson Sean Parnell on Friday confirmed Haugh\u2019s departure without elaborating on why.
Read the full story<\/sub><\/a>
The US supreme court<\/a> is letting the Trump administration<\/a> temporarily freeze $65m in teacher-training grants that would promote diversity, equity and inclusion (DEI) initiatives in a 5-4 decision.
The ruling came down on Friday afternoon, with five of the court\u2019s conservatives \u2013 justices Amy Coney Barrett, Neil Gorsuch, Clarence Thomas, Samuel Alito and Brett Kavanaugh \u2013 in the majority. Justices Sonia Sotomayor, Elena Kagan and Ketanji Brown Jackson all dissented.
Read the full story<\/sub><\/a>
Donald Trump<\/a> said he would sign an executive order to extend the TikTok<\/a> ban deadline. This is the second time<\/a> the president will have delayed the ban or sale of the social media app, and will punt the deadline to 75 days from now.
China put a possible deal on hold this week after Trump announced his sweeping tariffs, according to Reuters.
Read the full story<\/sub><\/a>
The US will know within weeks whether Russia is serious about pursuing peace with Ukraine<\/a>, the secretary of state has said, warning that Donald Trump was not \u201cgoing to fall into the trap of endless negotiations\u201d with Moscow.
\u201cWe\u2019re testing to see if the Russians are interested in peace,\u201d Marco Rubio<\/a> told journalists in Brussels after talks with Nato allies. \u201cTheir actions \u2013 not their words, their actions \u2013 will determine whether they\u2019re serious or not, and we intend to find that out sooner rather than later.\u201d
Read the full story<\/sub><\/a>
Chevron has been ordered to pay more than $744m in damages for destroying parts of south-east Louisiana\u2019s coastal wetlands<\/strong> over the years. The ruling<\/a>, which came in the form of a civil jury verdict on Friday, marks the conclusion of the first trial among 42 lawsuits filed about 12 years earlier.
Texas on Friday reported another large jump in measles cases and hospitalizations<\/a><\/strong>, leaving the US with more than double the number of measles cases so far this year than it saw in all of 2024.
Los Angeles county has reached a $4bn agreement <\/a>to settle nearly 7,000 claims of sexual abuse<\/strong> in juvenile facilities since 1959, officials said on Friday. The agreement, which still needs approval from the Los Angeles county board of supervisors, would be the largest of its kind.
Catching up? Here\u2019s what happened on 3 April 2025<\/a>.<\/em><\/p>\n

source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Global markets plunge for a second day as Fed chair defies Trump\u2019s call for interest rate cut and warns of price pain for consumers \u2013 key US politics stories from 4 AprilDonald Trump\u2019s sweeping tariffs are roiling global financial markets, with stocks tumbling across the board from New York to London.Wall Street suffered its worst […]<\/p>\n","protected":false},"author":1,"featured_media":132583,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-132582","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us","entry"],"_links":{"self":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/132582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/comments?post=132582"}],"version-history":[{"count":0,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/132582\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media\/132583"}],"wp:attachment":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media?parent=132582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/categories?post=132582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/tags?post=132582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}