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The Lead with Jake Tapper

Markets Rebound But Not To Pre-Tariff Announcement Levels

The Lead with Jake Tapper

CNN

News

41.6K Ratings

🗓️ 10 April 2025

⏱️ 80 minutes

🧾️ Download transcript

Summary

President Trump announces he is putting a 90-day pause on most of his tariffs after Wall Street loses nearly 6 trillion dollars in one week. He is, however, upping the ante on China. Is there any strategy here? Plus, a look at an upcoming Senate race which could become the most expensive in Senate history.   Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:33.2

Will this brand new surprise Trump tariff policy last through our next commercial break?

0:39.3

The lead starts right now.

0:41.3

The president announces he's putting a 90-day pause on most of his tariffs after Wall Street lost nearly $6 trillion in one week.

0:49.3

There is one exception. He is upping the ante on China. Is there any strategy here?

0:55.4

Is this any way to run a global economy?

0:58.2

We'll discuss.

0:58.9

And breaking news, President Trump now ordering his own Justice Department to investigate

1:05.0

for whatever his former administration official for correctly attesting to the cyber security of the 2020

1:11.2

election. Trump blatantly using the Justice Department to try to find a crime committed by a public

1:17.9

servant who told the truth. Plus, the nightclub tragedy and a frantic search for any signs

1:24.7

of life under the rubble of a roof collapse. We're live on the scene.

1:33.7

Welcome to the lead. I'm Jake Tapper. Our breaking news this hour is President Trump's

1:37.7

tariff pause too little too late for the U.S. economy? And does it signify any sense of predictability or

1:46.1

stability? Even though almost all the tariffs that took effect at midnight are now paused for 90

1:51.9

days, except China, which will see tariffs increase to at least 125%. Goldman Sachs says,

1:58.9

this pause does not change their forecast, which stands at a 45% chance of recession.

...

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