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Lakshmi Singh
Live from NPR News in Washington, I'm Lakshmi Singh. President Trump's trade war is starting to take a toll on U.S. importers. NPR's Scott Horsley reports. The nation's trading partners are pushing back with import taxes of their own.
Scott Horsley
Double digit tariffs on goods from dozens of countries kicked in overnight. U.S. importers are now paying 20% more on most things they buy from Europe, 24% more on imports from Japan, and the tax goods from China now totals more than 100%. China punched back, announcing an extra 50% tariff of its own on U.S. exports that takes effect tomorrow. The escalating trade war has sparked fears of a worldwide economic slowdown, pushing the price of crude oil to a four year low. Investors are also dumping US Treasuries. That's caused a sharp jump in US Borrowing costs, which will likely make mortgage rates here even less affordable. Scott Horsley, NPR News, Washington.
Lakshmi Singh
President Trump predicts his tariffs will be, quote, legendary. At a black tie GOP dinner last night, Trump said world leaders are essentially acquiescing to his demands for better trade deals for the United States.
Donald Trump
They are dying to make a deal. Please, please, sir, make a deal. I'll do anything. I'll do anything, sir. And then I'll see some rebel Republican, you know, some guy that wants to grandstand, say, I think that Congress should take over negotiations. Let me tell you, you don't negotiate like I negotiate.
Lakshmi Singh
Trump at a National Republican Congressional Committee event last night. The family of a 14 year old Palestinian American child who was killed by Israeli forces in the west bank last weekend is calling on the US Government to investigate what happened. The Israeli military says it killed a person hurling rocks at a highway in what it called a counterterrorism operation. He was the fifth U.S. citizen killed in the West bank since October 2023, according to the State Department. NPR's Hadil Al Shalchi has the latest.
Hadil Al Shalchi
14 year old Amr Rabia was born and raised in New Jersey before his family moved back to their ancestral Palestinian village, Turmo Saiya, which has a large population of American citizens. Rabia's father, Mohammed, said his son was picking green olives from a tree with two friends when Israeli forces opened fire on them. He said he called the US Embassy when he learned about the shooting, but it took too long to send medical help. Now he's demanding answers from Israel.
Mohammed Rabia
He's 14 years old. They call him terrorist. Even if he did something wrong, he's underage. You kill him with 11 shots.
Hadil Al Shalchi
The US State Department confirmed the death of a US citizen in the west bank and said Israel was investigating it. Hadil Al Shalchi, NPR News, Tel Aviv.
Lakshmi Singh
At last check on Wall street, the Dow Jones industrial average was down 70 points at 37,574. From Washington, this is NPR News. In our continuing coverage of President Trump's tariffs and the fallout, the European Union says it will impose retaliatory tariffs on 22 billion euros worth of U.S. products such as soybeans, motorcycles and orange juice, after 26 of the 27 member states approved the plan. The move comes in response to U.S. steel and aluminum tariffs. In a statement, the European Commission said the EU considers U.S. tariffs unjustified and damaging, causing economic harm to both sides as well as the global economy. The Library of Congress is detailing this year's additions to the national recording registry. NPR's Neta Ulaby reports. It preserves distinctive American sounds for posterity.
Neta Ulaby
The oldest recording added this year was made in 1913. The song Aloha Oe was recorded by the Hawaiian quintet and composed by then Princess Liliuokulani. Another recording added to the registry this year, the reboot Chime from Microsoft Windows 95, composed by Brian Eno. Since 2002, the National Recording Registry has added 25 recordings annually that express American history and culture through sound. Others this year range from a 1960 World Series broadcast to music by Roy Rogers, Miles Davis and Celine Dion. Neto Ulubi, NPR News.
Lakshmi Singh
The Dow's down 87 points. The Nasdaq is up 89. It's NPR.
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NPR News Now: April 9, 2025, 12 PM EDT – Detailed Summary
NPR News Now delivered a comprehensive update on the latest national and international developments, focusing primarily on the escalating trade tensions under President Trump, a tragic incident involving a young Palestinian American, economic indicators, and cultural milestones. Below is a detailed breakdown of the key topics covered in the episode.
Lakshmi Singh opened the episode by addressing the growing impact of President Trump's trade policies on U.S. importers. The administration's imposition of significant tariffs has provoked retaliatory measures from major trading partners, significantly affecting global trade dynamics.
Key Points:
Double-Digit Tariffs: The U.S. imposed tariffs ranging from 20% on European imports to over 100% on Chinese goods, severely increasing costs for importers.
Scott Horsley reported at 00:51:
"Double digit tariffs on goods from dozens of countries kicked in overnight. U.S. importers are now paying 20% more on most things they buy from Europe, 24% more on imports from Japan, and the tax on goods from China now totals more than 100%."
China's Retaliatory Measures: In response, China announced an additional 50% tariff on U.S. exports, effective the following day.
Economic Implications: The trade war has ignited fears of a global economic slowdown. Oil prices plummeted to a four-year low, and investors began divesting from U.S. Treasuries, resulting in increased borrowing costs and potentially higher mortgage rates.
At a recent black-tie GOP dinner, President Trump expressed confidence in his trade strategy, asserting that international leaders are eager to negotiate favorable deals for the United States.
Notable Quote: At 01:32, Lakshmi Singh relays Trump’s remarks:
"President Trump predicts his tariffs will be, quote, legendary."
During a National Republican Congressional Committee event at 01:45, Trump asserted his negotiating prowess, emphasizing his preference for direct deals over congressional involvement.
Direct Quote from Trump:
"They are dying to make a deal. Please, please, sir, make a deal. I'll do anything. I'll do anything, sir. And then I'll see some rebel Republican, you know, some guy that wants to grandstand, say, I think that Congress should take over negotiations. Let me tell you, you don't negotiate like I negotiate."
The episode covered the heartbreaking incident involving Amr Rabia, a 14-year-old Palestinian American from New Jersey, who was killed by Israeli forces in the West Bank.
Key Details:
Incident Overview: Amr Rabia was reportedly collecting olives with friends when Israeli forces opened fire, leading to his death by 11 shots.
Mohammed Rabia, Amr’s father, expressed his anguish at 03:04:
"He's 14 years old. They call him terrorist. Even if he did something wrong, he's underage. You kill him with 11 shots."
Government Response: The U.S. State Department confirmed Amr's death and stated that Israel is investigating the incident. This marks the fifth U.S. citizen fatality in the West Bank since October 2023.
Reporter: Hadil Al Shalchi provided additional context from Tel Aviv at 03:21.
Throughout the episode, Lakshmi Singh provided real-time updates on the U.S. stock market, reflecting the volatility induced by the ongoing trade tensions.
Market Highlights:
Later, at 05:08, Singh reiterated the market movements:
"The Dow's down 87 points. The Nasdaq is up 89. It's NPR."
These fluctuations underscore investor uncertainty amid the heightened trade conflicts and their broader economic repercussions.
In continuation of the trade war narrative, Lakshmi Singh reported the European Union's decision to impose retaliatory tariffs on U.S. products.
Details:
Lakshmi Singh highlighted the mutual economic harm in her report at 03:21.
Shifting focus to cultural achievements, Neta Ulaby discussed the Library of Congress's latest selections for the National Recording Registry, which aims to preserve recordings of significant American sounds.
Notable Additions:
Reporter: Neta Ulaby provided these insights at 04:20, emphasizing the registry's role in capturing the essence of American history and culture through sound.
This episode of NPR News Now encapsulated pivotal developments in international trade, political statements from the U.S. presidency, a tragic international incident involving an American citizen, fluctuating economic indicators, and noteworthy cultural preservations. The comprehensive coverage ensures listeners are well-informed on events influencing both national and global landscapes.