Business Stories from April 10, 2025 (Change date)
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Trump’s tariffs pushed the U.S. uncomfortably close to a financial crisis before pauseApr 10, 2025 8:27 am - President Donald Trump may have brought the world to the brink of a financial crisis before pausing his tariff war on Wednesday, as the $28 trillion market for Treasury bonds displayed unusual strains in the hours before his change of course.
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House GOP approves framework for Trump’s big bill after intense wrangling wins over GOP holdoutsApr 10, 2025 8:12 am - House Republicans narrowly approved their budget framework on Thursday, a political turnaround after Speaker Mike Johnson worked into the night to satisfy GOP holdouts who had refused to advance trillions of dollars in tax breaks without deeper spending cuts.
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EU pauses tariff retaliation for 90 days to match Trump move, holding out hope for talksApr 10, 2025 7:58 am - The European Union’s executive commission said Thursday it will put trade retaliation measures on hold for 90 days to match President Donald Trump’s pause on his sweeping new tariffs and leave room for a negotiated solution.
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US stocks dive as euphoria on Wall Street reverts to fear about US-China trade warApr 10, 2025 7:52 am - U.S. stocks surrendered a chunk of their historic gains from the day before as President Donald Trump's trade war continues to threaten the economy. The S&P 500 fell 3.5% Thursday. The Dow Jones Industrial Average dropped 2.5%, and the Nasdaq composite sank 4.3%. China announced more countermeasures against the United States, and losses for stocks accelerated after the White House clarified that it will tax Chinese imports at 145%, not the 125% rate Trump had earlier written about. The swings also hit the bond market despite a better-than-expected report on inflation.
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Billionaires, trusted allies, media personalities. These are the people Trump picked for top rolesApr 10, 2025 7:48 am - President Donald Trump prioritized loyalty as he built out a team for his second term, surrounding himself with people who served faithfully in his first administration or who worked on one or more of his three campaigns.
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Inflation fell last month as gas prices dropped sharply, a sign prices cooling before tariffsApr 10, 2025 7:44 am - U.S. inflation declined last month as the cost of gas fell, a sign that price growth was cooling even as President Donald Trump ramped up his tariff threats.
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