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Live updates: Trump news, tariff pause and China retaliation, CNN town hall with members of Congress

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Traders work on the floor of the New York Stock Exchange on Monday.

When trillions of dollars in value vanished from stock markets over Donald Trump’s tariffs, the president held firm, however when the bond market showed signs of trouble he made a swift reversal.

“MY POLICIES WILL NEVER CHANGE,” he said last week, as equities tanked. “BE COOL!” he said Wednesday morning, as they fell further — but hours later, he announced he was pausing his “reciprocal” tariffs for 90 days. Why?

The bond market was getting “queasy,” Trump told reporters later Wednesday.

Usually, when the stock market tanks, investors flee to the “safe haven” of Treasuries, causing their prices to rise and yields — or market interest rates — to fall. But late Tuesday into Wednesday, investors were selling stocks and Treasuries, causing price falls in both markets.

“When we see both the stock market and Treasuries have a negative price movement at the same time, this is very rare,” Kathy Yuan, professor of finance at the London School of Economics and Political Science, told CNN. The last time this “worrisome” development happened was during the Covid-19 shock of early 2020. “It cannot be ignored,” she said.

One reason for the Treasury selloff appears to have been a massive unwinding of the “basis trade,” where investors try to profit from the difference between the price of Treasuries and that of Treasury futures. The trade involves investors borrowing huge sums to buy Treasury bonds. The profit margins are small but repeated often enough as to be a huge cash cow for hedge funds.

But a more troubling reason may be that investors did not rush to buy Treasuries like in previous panics.

“When you damage your international relations, the international investors are going to be less likely to buy your assets — and we saw some of that yesterday,” John Canavan, the lead US analyst at Oxford Economics, told CNN.



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Live updates: Trump news, Ukraine peace talks, US immigration, tariffs and university funding

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US ambassador to Israel Mike Huckabee, right, and Western Wall Rabbi Shmuel Rabinovitch hold a note from President Donald Trump, to be placed in the cracks of the Western Wall during Huckabee's visit on Friday.

The new US Ambassador to Israel, Mike Huckabee, placed a note from President Donald Trump in the Western Wall in the Old City of Jerusalem on Friday morning in what he called his “first act” in his new role.

The former governor of Arkansas, who was confirmed in the post last week, showed the small note to the media and the crowd gathered for the visit. Written on a tiny piece of paper, the note said, “For peace in Israel – DT.”

Huckabee said Trump gave him the note to place in the wall last Thursday.

Some background: Jewish worshippers and other visitors often place prayers and notes on tiny slips of paper in the cracks of the wall, the holiest site at which Jews can pray.

Huckabee was wearing a Jewish prayer yarmulke on his head and a yellow ribbon pin, which shows support for the hostages still held in Gaza.

A staunch supporter of Israel who has previously said there’s “no such thing as a Palestinian,” Huckabee said Trump was “praying for the peace of Jerusalem.” He made no mention of Gaza or the Palestinians.

“I cannot think of a better time to come and to bring this message of goodwill,” Huckabee said in remarks after he said a short prayer of his own at the wall. “And I also come with a prayer that all of the hostages will come home now and that we will bring them home and that is the prayer of the president as well.”



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German police raid home of teenage boy suspected of making highly toxic warfare agent

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CNN
 — 

Police in Germany have raided the home of a teenage boy suspected of making and storing ricin, a highly toxic and deadly biological warfare agent.

The 16-year-old is accused of producing “several vials” containing a mixture of ricin and aconitine, another potent plant toxin, in a makeshift laboratory in the attic of his family home in Zeithain, a municipality in the eastern state of Saxony, police said.

The Saxony State Criminal Police Office has launched an investigation in conjunction with the Dresden Public Prosecutor’s Office into the possible violation of Germany’s Weapons of War Act, which regulates the production and trade of materials considered weapons of war.

Officers have been searching the suspect’s home since the early hours of Thursday morning, according to the Saxony police statement. They are seeking to “secure all toxic substances and other evidence,” the statement said.

Investigators have so far not uncovered any evidence regarding the suspect’s intentions for the toxic substance, police said.

A 16-year-old is accused of producing “several vials” containing a mixture of ricin and aconitine.

An arrest warrant has not been issued. Based on the current status of the investigation, there are no grounds for detention under Germany’s Code of Criminal procedure, particularly considering the Juvenile Justice Act, the statement said.

Ricin is a natural, highly toxic compound that is a byproduct of processing castor beans. It is potentially lethal when inhaled, ingested or injected. Less than a pinpoint of ricin can kill a person within 36 to 48 hours due to the failure of the respiratory and circulatory systems.

If ingested, it causes nausea, vomiting and internal bleeding of the stomach and intestines, followed by failure of the liver, spleen and kidneys, and finally death by collapse of the circulatory system.

If injected, ricin causes the immediate death of the muscles and lymph nodes near the site of the injection. Failure of major organs and death usually follows.



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What message was Ukraine trying to send by parading Chinese nationals captured fighting for Russia?

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CNN
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Putting prisoners of war in front of reporters and news cameras is almost certainly a violation of international humanitarian law.

But Ukraine clearly felt any reputational damage it might suffer by doing so in a news conference this week would be outweighed by the fact that it featured two alleged captured fighters from China.

There was more value in giving them a platform to speak, the argument presumably ran, than protecting them “against insult and public curiosity” – something the International Committee of the Red Cross says includes protection from the media.

China has always claimed neutrality in Russia’s war on Ukraine and repeatedly tells its citizens not to get involved in foreign conflicts. All the same, as a key diplomatic and economic lifeline for Moscow, Beijing’s actions are watched closely in Kyiv.

Dressed in combat fatigues and answering questions in Mandarin, the POWs were watched over by armed Ukrainian security personnel, while a translator sat beside them.

The men – who CNN are not naming, nor identifying in any way – told how financial incentives played a key role in their stories.

One said he had been looking for a way to earn money after losing his job during the coronavirus pandemic. The prospect of 250,000 rubles (around $3,000) per month in Russia was more than double what he could expect to earn at home.

As someone with experience in medical rehabilitation, he said he told the recruiter he wanted to do the same with the Russian military. But when he got to Moscow, he was forced into training for a combat role.

Documents were only in Russian, which neither man said they understood. One said that he communicated mainly through hand signals.

CNN has seen a Russian military contract signed by a separate Chinese fighter which gives a possible indication of what the two POWs had agreed to.

The contract, which was shown to CNN by a Ukrainian intelligence source, is written in Russian. Lasting a year, it commits the volunteer, among other things, to “participate in combat, fulfill duties during the mobilization period… emergencies and martial law,” as well as take part in “activity to keep and restore international peace and security” and stopping “international terrorist activity outside the territory of the Russian Federation.”

Once they reached the battlefield, instruction there was also non-verbal. One of the men recounted the chaotic moments that lead up to their capture in the Donetsk region of eastern Ukraine.

“When we reached a forest, my captain told me, ‘Da, da, da’ (“Yes, yes, yes” in Russian), signaling me to start the attack. But I did not know where the target was. We passed many Russian positions, and I thought we were heading toward our own bunker. I thought he was joking, so I hid. Then I saw the captain of (another Russian unit) throw in a grenade, and suddenly there were (Ukrainian) drones everywhere.”

The men surrendered. They had been fighting for only three days.

Foreign fighters have been a part of this war – on both sides – since the beginning.

A list seen by CNN showing non-Russian POWs held by Ukraine as of the end of 2024 showed six Sri Lankan nationals, seven from Nepal, plus individuals from Somalia, Republic of Congo, Sierra Leone, Egypt and Syria, as well as about a dozen from former Soviet republics.

In January, Ukraine also captured two North Koreans, part of an estimated force of about 14,000 troops sent by Pyongyang to help Moscow’s war effort.

A source at Ukraine’s Defense Intelligence told CNN that Russia needed its foreign fighters because it was now locked into a war of attrition.

“It is unable to maintain the long front line with its own soldiers alone and is taking every opportunity to recruit whoever it can,” the source said.

Since the announcement of the Chinese men’s capture last week – which was followed by Ukraine declaring it had information on a further 155 Chinese citizens fighting for Russia – considerable interest has focused on how they were recruited and whether China’s government had played an active role in some way.

Certainly, Ukrainian President Volodymyr Zelensky did nothing to tamp down such speculation when asked by reporters whether he thought the presence of Chinese nationals in Ukraine was the result of official Beijing policy.

“I don’t have an answer to this question yet. The Security Service of Ukraine will work on it,” he said last week, adding, “We are not saying that someone gave any command, we do not have such information.”

But Zelensky went on to say that Kyiv believed that Beijing was aware of what was happening.

A man rides his bicycle past the building of the Chinese embassy in Kyiv on April 8, 2025.

The POWs were at pains to indicate otherwise, both saying that they were acting as individuals, pointing to slick recruitment videos posted to TikTok as the source of their inspiration.

One such clip has been circulating on Chinese social media networks for more than a year and appears to have originally been created for a domestic Russian audience, with Chinese subtitles added later.

It shows what appear to be Russian soldiers training and dressed in combat fatigues in the field. “You’re a man, be a man,” it says in Russian, alongside Chinese subtitles, which also explain the payments on offer for signing up.

It is impossible to say if the subtitles were added by an official entity or by social media users, but one of the men said the videos resonated in China, where military prowess is highly prized, but opportunities for direct combat experience are rare.

Though Ukraine has hosted news conferences with POWs previously, including one involving combatants from Nepal and several African countries, its decision to platform its Chinese POWs is still unusual.

The timing is important.

It comes amid Kyiv’s attempts to get the upper hand in its battle with Moscow for the ear of US President Donald Trump, whose administration appears to be making little headway in its efforts to convince the Kremlin to agree to a full ceasefire.

Washington has also been heavily focused on China, which some in the White House see as the United States’ main global adversary, and which the administration has been hitting with progressively larger import tariffs.

From Zelensky’s perspective, there is a clear interest in amplifying anything that suggests China’s support for Russia might be more than diplomatic and economic.

But it might not just be the US that Ukraine’s leader is sending a message to.

Anders Puck Nielsen of the Royal Danish Defence College believes Kyiv is also anxious about recent European Union overtures to China, as the two economic powerhouses look for possible joint solutions in the face of Trump’s trade wars.

“Suddenly it seems there might be potential for the Europeans and the Chinese to find common ground on other questions as well,” Nielsen told CNN.

“It has clearly been a political move to really emphasize this aspect (of Chinese fighters in the Russian army),” he added.

Beijing certainly saw it like that.

“We urge the relevant parties concerned to correctly and soberly understand the role of China and to not release irresponsible remarks,” foreign ministry spokesman Lin Jian said, without mentioning names.



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