Trump trade advisor says stock market plunge 'No big deal': Live updates:
President Donald Trump's 145% tariffs on China are reshaping global trade dynamics and ...
cnbc.com/2025/04/10/china-trump-tariffs-live-updates.html
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Key FactsKey Updates on Tariffs and Market Reactions
Apr 10, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: cnbc.com
Summary created with AI assistance · Source: cnbc.com
- The White House accused Democrats of playing political games as questions arise about insider trading related to Trump's recent announcements.
- Trump raised tariffs on Chinese imports to 145% but announced a 90-day pause on higher tariffs for other countries.
- After a significant drop in stock markets, Trump’s trade advisor Peter Navarro dismissed the decline as 'no big deal' and a normal market correction.
- Experts warn that high tariffs could severely impact the U.S. and global economy while Trump seeks negotiations with trading nations.
That to me is pure spin.— Peter Navarro, U.S. senior trade advisor, responding during a CNN interview after the market closed.
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