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Jack Spear
From NPR News in Washington, I'm Jack Spear. President Trump says he's not looking at any kind of pause of tariffs. NPR's Franco Ordonez reports. Trump says the tariffs are opportunities for.
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The US President Trump noted the current turmoil in markets, but he said that the tariffs are forcing countries that he argues have treated the US Poorly to seek fairer deals with the United States. But we have an opportunity to change.
Jack Spear
The fabric of our country.
Franco Ordonez
We have an opportunity to reset the table on trade.
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Trump was speaking at an Oval Office meeting with Israeli Prime Minister Benjamin Netanyahu, who promised to eliminate trade deficits with the U.S. trump would not say whether he'd lift the 17% tariff on Israel, but used the proposal as an example of how countries are seeking to make deals. Trump also said an offer by the European Union to cut tariffs against the US on autos wasn't enough. He said the EU needs to purchase US Energy. Franco Ordonez, NPR News, the White House.
Jack Spear
New York Governor Kathy Hochul says a migrant woman and her three children are being allowed to return to their home in northern New York. Their detention last month by ICE authorities triggered protests in the rural area where the family lived. NPR's Brian Mann has more.
Brian Mann
Governor Hochul spoke with White House border czar Tom Homan, urging him to release the family, who live in tiny Sackets Harbor, New York, near the U.S. canada border. In a statement, Hochul said Homan told her the mother, two teenagers and a third grader are returning to upstate New York. They were detained in March after an immigration raid at a dairy farm and sent to a detention facility in Texas.
Franco Ordonez
Holy.
Brian Mann
Hochul expressed concern for the trauma she said the children and their mother have experienced. More than 1,000 people marched in Sackets harbor over the weekend demanding the family's release. Brian Mann, NPR News. In northern New York, a stock market.
Jack Spear
Swing of more than $2 trillion appears to have been due to false reports on Elon Musk's X. As NPR's Bobby Allen explains, false reports President Trump was pausing sweeping tariffs went viral on Musk's social media platforms.
Franco Ordonez
It all started when the National Economic Council's Kevin Hassett was asked during a live Fox News interview whether Trump a 90 day tariffs pause. He said the president is going to decide what the president decides somehow on X that turned into a bogus headline that Trump was considering a 90 day tariff reprieve. It was soon picked up by CNBC and Reuters, which have since backed away from the report, but not before $2.4 trillion was added, then wiped away from the markets, according to data from Dow Jones. Disinformation researchers say the episode illustrates the danger of some of Musk's changes to X, including that verification badges can be purchased, which can help false information go viral. Bobby Allen, NPR News.
Jack Spear
Stocks bounced around, closing sharply lower for a third straight session today. The Dow fell 349 points. The S&P 500 closed down 11 points today. You're listening to NPR. The Supreme Court has weighed in on allowing the Trump administration to use an 18th century Wartime law to deport Venezuelan migrants, saying it is permissible, but only if there a court hearing held before deportations take place. In a divided five to four decision today, the court said the administration must give migrants it claims their gang members time to go to court. But the court's conservative majority said the hearings must take place in Texas. It's unclear what the order means for those already sent out of the country to a prison in El Salvador under the Alien enemies Act. After 18 months of war in Gaza, there are still 59 Israeli hostages being held as Israel expands its war against Hamas. Gaza's health ministry says more than 50,000 Palestinians have been killed there, a third of them children appears. Addis Baba has more from Gaza.
Bobby Allen
For the past year and a half, kids have been out of school. Most hospitals are now shut down, and nearly everyone is displaced or homeless, living in bombed out buildings or makeshift tents. And for the past week, all bakeries have been closed because there is no flour due to Israel's blockade of goods and any supplies into Gaza. Kamal Al Khaldi, a resident of Gaza City, says he cannot remember what his life was before the war. He says he has forgotten how he used to live, what he used to eat, and that many in his family have been wounded. He says life in Gaza has become nothing but an endless state of emergency. Enesbaba, NPR News.
Jack Spear
Gaza crude oil futures prices closed lower today. Oil down $1.29 a barrel to 6070 a barrel. I'm Jack Spear, NPR News, in Washington.
Franco Ordonez
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NPR News Now: April 7, 2025 – Detailed Summary
1. President Trump’s Stance on Tariffs and Trade Negotiations
Timestamp: [00:19]
In the latest updates from President Trump, he remains steadfast in his approach to tariffs, dismissing any considerations of pausing them. Speaking from an Oval Office meeting with Israeli Prime Minister Benjamin Netanyahu, Trump emphasized the strategic advantage of current tariffs. He stated, “We have an opportunity to reset the table on trade” ([00:47], Franco Ordonez). Trump highlighted that tariffs serve as leverage, compelling countries that have historically treated the United States unfairly to seek more equitable trade agreements.
Specifically, Trump referenced the European Union’s offer to reduce tariffs on U.S. automobiles, asserting that it falls short of the necessary engagement: “The EU needs to purchase US Energy” ([00:51], Franco Ordonez). Although he did not commit to lifting the 17% tariff on Israel, he used the Israeli proposal as a benchmark for how other nations should negotiate fair deals with the U.S.
2. Reunification of Migrant Family in Northern New York
Timestamp: [01:21]
New York Governor Kathy Hochul announced the return of a migrant woman and her three children to their home in Sackets Harbor, a small community in northern New York. This decision followed intense local protests triggered by their detention by Immigration and Customs Enforcement (ICE) authorities. Governor Hochul detailed her discussions with White House Border Czar Tom Homan, urging the release of the family: “Tom Homan told me the mother, two teenagers, and a third grader are returning to upstate New York” ([01:35], Brian Mann).
The family was originally detained in March after an immigration raid at a dairy farm and subsequently sent to a detention facility in Texas. Hochul expressed deep concern for the psychological trauma experienced by the mother and her children. The situation sparked significant community action, with over 1,000 people marching in Sackets Harbor over the weekend to demand the family's release ([01:57], Brian Mann).
3. Stock Market Turbulence Linked to False Reports on X (Formerly Twitter)
Timestamp: [02:10 - 03:04]
The stock market experienced a volatile swing exceeding $2 trillion, largely attributed to the rapid spread of false reports on Elon Musk’s social media platform, X. The misinformation began when Kevin Hassett of the National Economic Council was misquoted during a live Fox News interview. Hassett was asked about a potential 90-day pause on tariffs, to which he responded, “the president is going to decide” ([02:23], Franco Ordonez). This vague statement was misconstrued into a misleading headline suggesting Trump was considering a temporary tariff reprieve.
The erroneous report quickly gained traction, being picked up by major news outlets like CNBC and Reuters before they retracted the story. Despite the retractions, the initial misinformation caused significant market disruption, with $2.4 trillion added before being wiped out, according to Dow Jones data. Disinformation experts warn that Musk’s recent changes to X, such as allowing verification badges to be purchased, exacerbate the spread of false information, leading to rapid and potentially destabilizing market reactions ([02:23], Franco Ordonez; Bobby Allen, NPR News).
The market continued to react sharply, with major indices closing lower for a third consecutive session. The Dow Jones Industrial Average fell by 349 points, while the S&P 500 decreased by 11 points by the end of the trading day ([03:04], Jack Spear).
4. Supreme Court Ruling on Deportation of Venezuelan Migrants
Timestamp: [03:04]
The Supreme Court delivered a narrow 5-4 decision regarding the Trump administration’s use of the Alien Enemies Act, an 18th-century wartime law, to deport Venezuelan migrants. The court ruled that while the administration is permitted to use this law for deportations, it must ensure that affected individuals receive a court hearing before being deported. The majority opinion, led by the conservative justices, stipulated that these hearings must take place in Texas.
This decision introduces uncertainty for migrants already deported under the Act to facilities such as the prison in El Salvador, as it is unclear how the ruling affects ongoing deportations. The court’s directive emphasizes due process, mandating legal proceedings to assess the claims against the migrants before any deportation can proceed.
5. Humanitarian Crisis in Gaza Amid Ongoing Conflict
Timestamp: [04:05 - 04:48]
The conflict in Gaza continues to escalate, with Israel intensifying its war against Hamas after 18 months of ongoing hostilities. The health ministry in Gaza reported that over 50,000 Palestinians have been killed, including approximately one-third who are children. NPR’s Bobby Allen provided a harrowing glimpse into the conditions on the ground:
“For the past year and a half, kids have been out of school. Most hospitals are now shut down, and nearly everyone is displaced or homeless, living in bombed-out buildings or makeshift tents” ([04:05], Bobby Allen). The blockade imposed by Israel has severely restricted the entry of essential goods, leading to a complete halt in bakery operations due to a lack of flour. Kamal Al Khaldi, a resident of Gaza City, described his reality: “I cannot remember what my life was before the war. I have forgotten how I used to live, what I used to eat, and many in my family have been wounded” ([04:05], Bobby Allen). The humanitarian situation remains dire, with widespread displacement and scarcity of basic necessities exacerbating the suffering of Gaza’s population.
6. Decline in Oil Prices
Timestamp: [04:48]
Oil markets responded to the ongoing geopolitical tensions and market uncertainties, with crude oil futures closing lower. Prices dropped by $1.29 per barrel, settling at $60.70 a barrel. This decline reflects investor concerns over the stability of energy markets amidst global conflicts and trade uncertainties ([04:48], Jack Spear).
Conclusion
The April 7, 2025 episode of NPR News Now covered a spectrum of critical issues, from President Trump’s uncompromising tariff policies and trade negotiations to the poignant story of a migrant family's reunification in New York. The episode also highlighted the volatile interplay between social media misinformation and stock market stability, a pivotal Supreme Court decision affecting Venezuelan migrants, and the ongoing humanitarian crisis in Gaza. Additionally, fluctuations in oil prices underscored the interconnectedness of global events and economic markets. Through detailed reporting and impactful quotes, NPR provided listeners with a comprehensive overview of the day’s most pressing news.