Trump warns of 'transition cost' as uncertainty over tariffs lingers

US President Donald Trump acknowledged "transition problems" on Thursday as Wall Street shares fell sharply amid lingering concerns about the economic fallout from his trade war despite a U-turn on tariffs. The EU earlier said it will suspend its retaliatory levies on the US for 90 days, matching Trump’s tariff rollback and leaving room for a negotiated solution. Read our liveblog to see how the day's events unfolded.

Apr 11, 2025 - 00:00
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Trump warns of 'transition cost' as uncertainty over tariffs lingers
US President Donald Trump acknowledged "transition problems" on Thursday as Wall Street shares fell sharply amid lingering concerns about the economic fallout from his trade war despite a U-turn on tariffs. The EU earlier said it will suspend its retaliatory levies on the US for 90 days, matching Trump’s tariff rollback and leaving room for a negotiated solution. Read our liveblog to see how the day's events unfolded.
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