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Jack Spear
Live from NPR News in Washington, I'm Jack Spear. To put it in perspective, today's announcement by the Trump administration, it's putting in place a global pause on new reciprocal tariffs against most countries sent US Markets to some of their biggest one day gains in history. The Dow, the Nasdaq and the S and P all soared on the news. The Dow was up nearly 3,000 points, a gain of 7.87%. The Nasdaq rose 12%. The S&P was up 9.5%. In an escalation, President Trump is upping tariffs on Chinese imports, but as mentioned, he is pausing steep new tariffs he'd imposed on other nations, at least for the next 90 days. In the meantime, imports from all over the world will still face a 10% across the board tax. NPR's Tamara Krie reports. It marks a sharp reversal for the president.
Scott Besant
In a post on social media, Trump said the pause would allow time to negotiate new trade deals with dozens of countries. This came just a day after the White House insisted the president wasn't considering a pause and just hours after Trump implored people to stay cool. While markets continued a multi day free fall. Treasury Secretary Scott Besant explained the shift this it has brought more than 75.
Jack Spear
Countries forward to negotiate. It took great courage, great courage for him to stay the course until this moment.
Scott Besant
Besant said Trump wants to be personally involved in negotiating bespoke trade deals with each country. Tamara Keith, NPR News.
Jack Spear
The administration is backing off plans to impose export controls on semiconductor chips popular in China. More from NPR's Bobby Allen.
Bobby Allen
Chip industry analysts were expecting the Trump administration to announce new curbs on a chip known as the H20, the most advanced chip US companies can legally sell to China. But the California based maker of the chip, Nvidia, lobbied against it. Nvidia Chief Executive Jensen Huang attended a million dollar ahead dinner at Mar a Lago over the weekend where Huang promised new US Investments in AI data centers. That's according to two sources familiar who were not authorized to speak publicly. Since the dinner, the White House has paused its planned crackdown on the chips. The move comes despite the Trump administration's ongoing trade war with China, including 125% tariff on Chinese imports. Bobby Allen, NPR News.
Jack Spear
The head of the IRS is stepping down. Here's NPR's Scott Horsley.
Scott Horsley
Melanie Krause is the third IRS leader to quit the tax collection agency since President Trump took office. News of her departure comes shortly after the Treasury Department agreed to allow immigration officials to use some taxpayer data in their search for people who are in the country illegally. IRS data has traditionally been closely guarded, even from other government agencies. Critics say the new agreement likely violates data privacy laws and may discourage immigrants without legal status from filing tax returns. A Treasury spokesperson says the Trump administration is breaking down data silos, adding that sharing taxpayer information will help to identify waste and fraud.
Howard Berkus
And the mine safety.
Jack Spear
You're listening to npr. An Israeli airstrike on northern Gaza has killed at least 23 people. That's according to officials with the Gaza Health Ministry. Officials there say nearly half the dead were women and children. At least 40 others were injured. The Israeli military says it was targeting a senior Hamas militant who it said was behind other attacks. Just as President Trump called for more production and use of coal. The agency is responsible for the health and safety of coal miners. Suspended efforts to protect them from deadly black lung disease. NPR's Howard Burkus has more.
Howard Berkus
The Mine Safety and Health Administration has announced a four month delay in enforcement of tough new limits on coal miner exposure to silica dust, which is blamed for an epidemic of severe black lung disease. NPR and its partner news organizations have documented more than 4,000 cases of advanced black lung disease, which is incurable and fatal. At the same time, the Department of Health and Human Services suspended indefinitely the testing of coal miners for black lung. That means miners with early stages of disease won't know it's growing inside them and won't be able to take steps to keep it from getting worse. For NPR News, I'm Howard Berkus.
Jack Spear
Soil and rock samples returned to Earth from the far side of the moon are showing it may be drier than the side that consistently faces the Earth. Chinese scientists reported the findings today while cautioning more samples are needed. China's become the first country to return samples from the moon's far side. Last year, a spacecraft scooped up volcanic rock and dirt from an ancient impact bas. Researchers then used electron microscopes to analyze the samples. I'm Jack Spear, NPR News, in Washington.
Host: Jack Spear
Produced by: NPR
Overview:
In a significant policy shift, the Trump administration announced a global pause on new reciprocal tariffs against most countries. This move has had a profound impact on U.S. financial markets, which responded with some of their largest single-day gains in history.
Market Reaction:
Policy Details:
Notable Quotes:
Overview:
Contrary to expectations, the Trump administration has paused plans to impose export controls on advanced semiconductor chips crucial to China's tech sector.
Industry Impact:
Notable Quotes:
Overview:
Melanie Krause has resigned as the head of the IRS, marking the third leadership departure since President Trump assumed office.
Context & Implications:
Notable Quotes:
Overview:
An Israeli airstrike in northern Gaza resulted in the deaths of at least 23 people, with nearly half being women and children, according to Gaza Health Ministry officials.
Details of the Attack:
Notable Quotes:
Overview:
The Mine Safety and Health Administration (MSHA) announced a four-month delay in enforcing new stringent limits on coal miners' exposure to silica dust, a leading cause of severe black lung disease.
Health Implications:
Political Context:
Notable Quotes:
Overview:
Chinese scientists have reported that soil and rock samples from the far side of the moon indicate it may be drier than the side that faces Earth consistently.
Mission Achievements:
Future Research:
Notable Quotes:
Conclusion:
This episode of NPR News Now provided comprehensive coverage of significant global and national events, including major economic policy shifts by the Trump administration, international conflicts, public health challenges, and advancements in space exploration. The discussions highlighted the interconnectedness of policy decisions, market reactions, and their broader implications on society and international relations.