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11:05 PM ET, April 2, 2025

memeorandum

 Top Items: 
Paul Krugman:
Trump Goes Crazy on Trade  —  “Liberation Day” is even worse than expected  —  Just a quick update after Trump's Rose Garden speech.  —  I guess it's just possible that when we get details about the Trump tariffs they will be lower than what he just announced, but based on what he said, he's gone full-on crazy.
RELATED:
CNBC:
Dow futures tumble 900 points, S&P 500 futures lose 3% on Trump's tariff rollout: Live updates  —  U.S. stock futures cratered as President Donald Trump unveiled sweeping tariffs of at least 10% and even higher for some countries, raising the risks of a global trade war that hits the already sputtering U.S. economy.
NBC News:
Investors flee U.S. stocks as markets react sharply to Trump's tariff plan  —  Initial market indications on early Wednesday evening were that many investors had expected Trump's tariffs to be far less expansive.  —  Global markets reacted sharply and swiftly after President Donald Trump revealed …
Ryan Dezember / Wall Street Journal:
Here's How Markets Are Responding to Trump's Tariffs Announcement  —  Financial markets have been volatile as President Trump outlines his trade policies from the Rose Garden.
James Fallows / Breaking the News:
Launching the Economic Version of the Iraq War.  —  Tariffs are like military actions.  They're ‘good’ or ‘bad’ based on specifics: Why, how, at what cost, toward what end.  Donald Trump has just committed US power in a profoundly stupid way.  —  ∙ Paid
Jordain Carney / Politico:
McConnell breaks with party to reject Trump's Canada tariffs  —  Sen. Mitch McConnell privately indicated to Sen. Tim Kaine he would back the Virginia Democrat's resolution to undo President Donald Trump's Canada tariffs.  Kaine told reporters Wednesday that the former GOP leader told …
Steven Nelson / New York Post:
Trump slaps at least 10% tariffs on almost all imports in ‘Declaration of Economic Independence’: ‘Half of what they are charging us’  —  WASHINGTON — President Trump declared a national emergency Wednesday to impose his sweeping “Liberation Day” tariffs on almost all imports …
Wired:
Trump Tariffs Hit Antarctic Islands Inhabited by Zero Humans and Many Penguins  —  The Heard and McDonald Islands are among the dozens of targets of President Donald Trump's latest round of tariffs.  But they have no exports, because no one lives there.  —  On Wednesday, President Donald …
Discussion: Axios and Politico
Forbes:
Here's The Full List Of Trump's Reciprocal Tariffs Announced Wednesday  —  President Donald Trump announced what he said were “kind” reciprocal tariffs against more than 180 countries Wednesday, along with a baseline tariff against other countries, delivering the most sweeping tariff package the U.S. has implemented in decades.
New York Times:
Live Updates: Trump Unveils Sweeping Tariffs on All Imports  —  A 10 percent tariff will apply to all countries, but key trading partners like Europe and China will face rates two and three times as high.  —  Here's the latest.  —  President Trump unveiled his most expansive tariffs to date …
Ashley Carnahan / Fox News:
Treasury Secretary Bessent tells countries not to retaliate after sweeping ‘Liberation Day’ tariffs
Discussion: Semafor and New York Times
The White House:
Fact Sheet: President Donald J. Trump Declares National Emergency to Increase our Competitive Edge, Protect our Sovereignty, and Strengthen our National and Economic Security
Robert Jimison / New York Times:
Senate Votes to Rescind Some Trump Tariffs, With G.O.P. Support
Irie Sentner / Politico:
Republicans reel as Dem over-performances hit a swing state and MAGA country
Jennifer Bendery / HuffPost:   GOP Poised To Confirm Anti-Voting Rights Extremist To Lead DOJ's Civil Rights Division
Axios:   Trump's tariffs list is missing one big country: Russia
Politico:   Republicans weigh selling public lands to pay for Trump agenda bill
Paul Krugman:
Stop Looking for Methods in the Madness
Associated Press:
Answering your questions about President Trump's reciprocal tariffs
Josh Boak / Associated Press:
Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars
Wall Street Journal:
The MAGA Backlash Arrives
Discussion: Axios, The Hill, The Atlantic, Fox News and NPR
The Hill:
Trump imposes 10 percent global tariffs; higher rate for ‘worst offenders’
Dasha Burns / Politico:
Waltz's team set up at least 20 Signal group chats for crises across the world  —  It's a more extensive use of the app than previously reported and sheds new light on how commonly the Trump administration's national security team relies on Signal.  —  National security adviser Mike Waltz's …
Rachael Bade / Politico:
Trump Tells Inner Circle That Musk Will Leave Soon  —  The president is pleased with Musk but the decision comes as the tech mogul increasingly looks like a political liability.  —  President Donald Trump has told his inner circle, including members of his Cabinet, that Elon Musk will be stepping …
RELATED:
Ali Bianco / Politico:
Musk has been everywhere. A new poll says Americans don't approve.
Discussion: Newsweek and The Contrarian
Jason Lange / Reuters:
Trump approval falls to 43%, lowest since returning to office, Reuters/Ipsos poll finds  —  President Donald Trump's approval rating fell to 43%, the lowest since his return to office, as Americans soured on his tariff moves and his administration's handling of information about a military strike in Yemen, a Reuters/Ipsos poll found.
Discussion: Forbes
Laura Hazard Owen / Nieman Lab:
How to leak to a journalist  —  Planning to leak?  Read these tips first.  —  There's a lot out there to leak.  —  The second Trump administration, historically unfriendly to the press, has thrown Washington into chaos.  Tens of thousands of federal employees have been placed on leave …
Chris Isidore / CNN:
Tesla sales plunge: Biggest decline in history  —  Tesla sales plunged 13% in the first three months of this year, as the company reported the largest drop in deliveries in its history by far, amid backlash against CEO Elon Musk and as growing competition from other automakers' electric vehicles took …
Associated Press:
Judge dismisses corruption case against New York City Mayor Eric Adams  —  A federal judge dismissed New York City Mayor Eric Adams' corruption case on Wednesday, acquiescing to the Justice Department's extraordinary request to set aside criminal charges so the Democrat could help with President Donald Trump's immigration crackdown.
RELATED:
Jesse Zanger / CBS News:
NYC Mayor Eric Adams corruption case dismissed with prejudice, judge rules
Michael Schaffer / Politico:
The Mystery Buyer of That $23 Million DC Mansion?  Mark Zuckerberg.  —  The Meta chief is the latest mogul to have a personal embassy in Donald Trump's Washington.  —  Mark Zuckerberg is the latest billionaire to shell out tens of millions of dollars for a pricey outpost in Donald Trump's gilded capital.
Arthur Delaney / HuffPost:
Emails Confirm Social Security Administration Canceled Maine Contracts As Political Payback  —  Acting commissioner Leland Dudek called Maine Gov. Janet Mills a “petulant child” for defying Donald Trump.  —  WASHINGTON ― Emails show that the Social Security Administration canceled contracts …
Tim Murphy / Mother Jones:
Elon Musk Can't Take the Heat  —  The numbers say anti-Tesla protests are working.  So do Musk's increasingly unhinged actions.  —  Elon Musk has a simple diagnosis of what's ailing America: It's being destroyed by empathy.  In a long interview with Joe Rogan, in numerous tweets …
Discussion: Raw Story
Al Root / Barron's Online:
The Stock Market Pain Is Just Getting Started.  'This is How You Sabotage the World's Economic Engine.'  —  The stock market was slumping after President Donald Trump made his tariff announcement.  To state the obvious, it was worse than investors feared and now they need to figure out what it means for stocks over the rest of 2025.
Discussion: The Hill
Jessica Valenti / Abortion, Every Day:
Her Fetus Has No Heartbeat—They Still Won't Give Her An Abortion  —  South Carolina's ban is torturing a 31-year-old mom *right now*  —  It's been over a week since Elisabeth Weber found out she was miscarrying.  The South Carolina mother has been told by multiple doctors …
Sunil Kumar / Tufts University:
University Declaration for Rümeysa Öztürk  —  Please see below a declaration by Tufts University in support of a motion filed today by Rümeysa Öztürk's legal team in Öztürk v. Hyde in U.S. District Court in Massachusetts.  —  Best regards,  —  President
Discussion: Boston.com and masslive.com
Justin Jouvenal / Washington Post:
Supreme Court allows truck driver's lawsuit against CBD maker  —  Douglas Horn suffered chronic back and shoulder pain.  Medical Marijuana, Inc., sold him a CBD product known as “Dixie X” and said it contained no THC.  —  Just now  —  The Supreme Court cleared the way Wednesday …
Washington Post:
How the Trump administration took aim at Maine  —  Maine has faced investigations and arbitrary reversals of funding, turning it into a test case for the Trump administration's approach to perceived adversaries.
Zoë Richards / NBC News:
Prosecutors drop charge against man who Rep. Nancy Mace accused of assaulting her at the Capitol  —  The South Carolina congresswoman had claimed on social media that she was “physically accosted” by “a pro-tr*ns man.”  —  Prosecutors this week decided not to pursue an assault charge …
Discussion: UPI and The Hill
 
 
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 More Items: 
Globe and Mail:
New fentanyl data undercut White House's portrayal of Canada's role in U.S. drug crisis
Discussion: Global News and Mediaite
Politico:
Rod Blagojevich has a new gig: Working for the ‘Bosnian Bear’
Discussion: Fox News and Washington Post
Pocharapon Neammanee / HuffPost:
Drug Dealer Granted Clemency By Trump Arrested For Allegedly Shoving 3-Year-Old
Discussion: New Jersey Online
Konstantin Toropin / Military.com:
Naval Academy Staff Removed Display on Female Jewish Graduates for Hegseth Visit
Politico:
Appeals court: Trump pardon ‘plainly’ did not cover Jan. 6 defendants' unrelated crimes
Discussion: Blaze Media
Gregory B. Craig / Washington Post:
I helped defend Reagan's would-be assassin. Law firms that fear Trump, take note.
 Earlier Items: 
Amy Mackinnon / Politico:
CIA drops agency veteran from consideration as chief of clandestine operations
Lauren Irwin / The Hill:
Former aide slams California Democrat in video announcing primary campaign
Discussion: Axios and Politico
Kimberly Leonard / Politico:
‘He repels people’: DeSantis tears into Fine after Florida special election underperformance
Ale Franqueza / Migrant Insider:
ICE Raids Idaho Lawmaker's Farm
Discussion: NewsNation and InvestigateWest
Washington Post:
Hunter Biden tax informant set to control IRS criminal division
Discussion: al.com and Fortune
Martin Pengelly / The Guardian:
In a new book, top Biden aide describes ‘out of it’ president before Trump debate
New York Times:
Inside Elite Law Firms, Protests and Quitting After Trump Deals