NPR News: 04-08-2025 8AM EDT

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2025-04-08

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  • This is Outer Glass.

  • In Lily's family, there's a story everybody knows by heart.

  • If this story had never happened, all of us wouldn't be here right now.

  • Sammy wouldn't be here, Wally wouldn't be here, anyone that we know wouldn't be here.

  • So what happens when Lily's mom tells her this story is not true?

  • This American life surprising stories every week.

  • Live from NPR News in Washington, on Corva Coleman,

  • world markets are trading higher after yesterday's massive plunge on Wall Street in pre-market trading.

  • Dow futures are up more than a thousand points.

  • Investors were expressing fright over the effects of President Trump's tariffs.

  • The latest tranche of tariffs takes effect tomorrow.

  • NPR's John Rewitt reports China is not backing down after Trump threatened Beijing with steep new tariffs.

  • Trump threatened to put an additional 50 percent tariff on China.

  • That's

  • if China does not retract a retaliatory levy on U.S. goods that it announced in response to Trump's tariff salvo last week.

  • But Beijing is not blinking.

  • Foreign ministry spokesman Lin Jian told a press conference,

  • if the U.S. insists on pursuing a tariff war and trade war with disregard for the interests of both countries and the international community,

  • China, he says, will fight till the end.

  • Global equity markets have been hammered by the prospect of sweeping U.S. tariffs and worsening trade war between China and the U.S.,