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Lakshmi Singh (0:16)
Live from NPR News in Washington, I'm Lakshmi Singh. President Trump says the United States will impose an additional 25% tariff on steel and aluminum from Canada, raising the tariff to 50% overall. In a post on his Truth Social site, Trump said they would go into effect tomorrow when broader steel and aluminum tariffs were set to take effect. Trump cited a new electricity tariff from Canada as a reason for the change. Trump has announced and at times walked back or delayed tariffs against both Canada and Mexico and has imposed additional tariffs against China. The administration has said that April 2 will be the start of worldwide reciprocal tariffs and have touted touted the date as a reset in trade relations. Seeing the impact on Wall street, we see the Dow is now down 438 points or more than 1% at $41,473 s and P is down 35 points, 0.5%. The Nasdaq has fallen 26. The president plans to address a group of business leaders today as economic uncertainty rattles the markets again, the meeting coming a day after stocks posted their worst day of 2025 so far. NPR's Danielle Kurtzleben has more.
Danielle Kurtzleben (1:31)
Trump is scheduled to speak to the Business Roundtable, an Association of CEOs of Major American companies. They will likely be seeking reassurance as Trump's chaotic tariff policy has contributed to steep stock losses. Trump has alternately threatened and delayed tariffs on Canada and Mexico. He has also imposed tariffs on China, leading China to retaliate. In a weekend interview with Fox News, Trump wouldn't rule out the possibility of a recession amid the tariffs. While stock indexes don't necessarily track overall economic health, other indicators like consumer confidence and consumer spending have shown weakness as well. Danielle Kurtzleben, NPR News.
Lakshmi Singh (2:08)
Saudi Arabia is hosting talks for ending the war between Russia and Ukraine. Ahead of the meeting, Secretary of State Marco Rubio said the United States was ready to hear what concessions Ukrainian President Volodymyr Zelenskyy should be willing would be willing to make as part of ending the War. NPR's Joanna Kakis has more.
Marco Rubio (2:28)
Zelensky has already proposed a partial ceasefire, covering aerial attacks in the Black Sea. Not sure if Russia would agree to this, but Rubio seemed to welcome the move. And public opinion polls show between 20 and 30% of Ukrainians would consider giving up occupied territory in return for peace. Look, Ukrainians do not trust Russia to honor any truces. Russia also invaded Chechnya and Georgia and violated ceasefires there. The same thing happened to Ukraine after 2014 when Russia first attacked. And eight years later, Russia launched the full scale invasion.
