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7:25 AM ET, April 3, 2025

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The Economist:
President Trump's mindless tariffs will cause economic havoc  —  But the rest of the world can limit the damage  —  If you failed to spot America being “looted, pillaged, raped and plundered by nations near and far” or it being cruelly denied a “turn to prosper”, then congratulations …
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
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.
Paul Krugman:
Will Malignant Stupidity Kill the World Economy?  —  A quick thank you to my readers.  When I struck out on my own, I wasn't sure if anyone would follow.  But I just passed 300K subscribers.  I'll try to be worthy of your support.  —  America created the modern world trading system.
Discussion: New York Times and Bloomberg
Robert Jimison / New York Times:
Senate Votes to Rescind Some Trump Tariffs, With G.O.P. Support  —  A measure to cancel some Canadian tariffs is all but certain to stall in the House.  But with a handful of Republicans in favor, the vote sent a signal of opposition to the levies.  —  The Senate on Wednesday approved …
Andrew Solender / Axios:
House Democrats plan to force vote on killing Trump tariffs  —  The top Democrat on the House Foreign Affairs Committee said Wednesday he plans to force a vote on blocking the across-the-board tariffs announced by President Trump.  —  Why it matters: The vote would force Republicans …
Politico:
Senate Republicans buck Trump, join Dems in rejecting Canada tariffs  —  GOP lawmakers rejected a pressure campaign from the Trump administration to adhere to party loyalty on “Liberation Day.”  —  The Republican-led Senate has delivered a rare rebuke of President Donald Trump and his signature trade agenda.
CNN:
Four Senate Republicans join with Democrats to rebuke Trump tariff policy in key vote  —  Four Senate Republicans joined with Democrats on Wednesday to deliver a rare bipartisan rebuke to President Donald Trump over trade policy.  —  The Senate adopted a resolution by a vote of 51 to 48 aimed …
Discussion: NBC News, UPI and Axios
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 …
Jack Blanchard / Politico:   (Trade) war on the world
David E. Sanger / New York Times:
Trump's Tariffs Are Latest Sign of His Second-Term Appetite for Risk
Discussion: Axios
Camille Gijs / Politico:
EU ‘prepared’ to retaliate against Trump's 20 percent tariffs
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.
RELATED:
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 …
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 …
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  —  PURSUING RECIPROCITY TO REBUILD THE ECONOMY AND RESTORE NATIONAL AND ECONOMIC SECURITY: Today …
Al Root / Barron's Online:
The Stock Market Pain Is Just Getting Started. 'This is How You Sabotage the World's Economic Engine.'
Discussion: The Hill
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: The Guardian and Politico
RELATED:
Rebecca Falconer / Axios:
Uninhabited sub-Antarctic islands named in Trump's tariffs list
Discussion: Daily Mail
Wired:   Trump and DOGE Defund Program That Boosted American Manufacturing for Decades
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:
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 …
RELATED:
Associated Press:
Judge dismisses corruption case against New York City Mayor Eric Adams
New York Times:
Adams Doubles Down on Trump Alliance, Praising F.B.I. Director's Book
Discussion: New York Daily News
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
ACLU:
Legal Organizations Across Ideologies File Amicus Brief Urging Court to Enjoin Executive Order Targeting Perkins Coie  —  The order targets Perkins Coie for its past voting rights litigation  —  WASHINGTON - On March 6, the Trump administration issued an executive order placing sanctions …
 
 
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 More Items: 
Felix Salmon / Axios:
A third global recession in 20 years looms
Discussion: Wausau
New York Times:
Smithsonian's Leader's Future Unclear After Trump Executive Order
Discussion: Roll Call and The Guardian
Alexander Tin / CBS News:
FDA planning for fewer food and drug inspections due to layoffs, officials say
Discussion: Axios
Globe and Mail:
New fentanyl data undercut White House's portrayal of Canada's role in U.S. drug crisis
Discussion: Mediaite and Global News
Politico:
Rod Blagojevich has a new gig: Working for the ‘Bosnian Bear’
Discussion: Fox News and Washington Post
Zoë Richards / NBC News:
Prosecutors drop charge against man who Rep. Nancy Mace accused of assaulting her at the Capitol
Discussion: UPI and The Hill
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
 Earlier Items: 
Politico:
Appeals court: Trump pardon ‘plainly’ did not cover Jan. 6 defendants' unrelated crimes
Discussion: Blaze Media
CNN:
GOP senator tells HHS employee ‘you probably deserved it’ after being laid off
Discussion: The Hill, Associated Press and Axios
Jessica Valenti / Abortion, Every Day:
Her Fetus Has No Heartbeat—They Still Won't Give Her An Abortion
Michael Schaffer / Politico:
The Mystery Buyer of That $23 Million DC Mansion? Mark Zuckerberg.
more at Techmeme »
Jason Lange / Reuters:
Trump approval falls to 43%, lowest since returning to office, Reuters/Ipsos poll finds
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.
 

 
From Mediagazer:

Sewell Chan / Columbia Journalism Review:
Houston Landing, a nonprofit that launched in 2023 with $20M+ in philanthropic funding, says it is shutting down mid-May and laying off its 43 employees

Financial Times:
CNN CEO Mark Thompson says the company plans to roll out a “suite” of digital subscription services, including at least one in 2025, to combat TV's decline

Bloomberg:
WBD says it decided not to sell Polish broadcaster TVN after a review; bidders reportedly included billionaire Michal Solowow and a Wirtualna Polska-led group
 
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