April 10, 2025
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24:15Now Playing“There’ll be a transition cost, and transition problems, but in the end it’s going to be a beautiful thing,” Trump said Thursday during a Cabinet meeting. “We’re in very good shape.” The staggering US tariffs on the world’s second largest economy have triggered a tit-for-tat trade war that has unnerved global financial markets. Stocks fell on Thursday one day after the biggest buying spree in years.
Treasury Secretary Scott Bessent cited lower oil prices, a successful bond sale and better-than-expected inflation figures, while dismissing the significance of Thursday’s selloff.
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