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9:40 AM ET, April 3, 2025

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 Top Items: 
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 …
RELATED:
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: Politico
Robin Wigglesworth / Financial Times:
‘Beware a dollar confidence crisis’ — DB  —  Taking another look at the puzzling greenback puke  —  There's a lot going on at the moment, but the most interesting might be how the dollar has been absolutely tanked by yesterday's tariff news.  —  The DXY dollar index has plunged 1.7 per cent today …
Discussion: Reuters, Wausau and Tax Foundation
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 …
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
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.
Ashley Carnahan / Fox News:
Treasury Secretary Bessent tells countries not to retaliate after sweeping ‘Liberation Day’ tariffs  —  Trump announced reciprocal tariffs on more than 180 countries and territories  —  Treasury Secretary Scott Bessent offered a three-word reply on Wednesday to countries looking to respond …
Heather Cox Richardson / Letters from an American:
Just five months ago, on October 19, 2024, The Economist ran a special report on America's economy.  That economy was, the magazine said, “the envy of the world.”  Today, stock market futures plummeted after President Donald J. Trump announced that he will impose a 10% tariff on all imports …
Discussion: Fox News and The Atlantic
Financial Times:
Donald Trump baffles economists with tariff formula  —  Calculation deeply flawed economically and will fail in stated aim of ‘driving bilateral trade deficits to zero’, say analysts  —  Trade economists have poured scorn on the crude methodology used by Donald Trump to calculate the list of …
Discussion: Politico, El País 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 …
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.
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
Bloomberg:   Germany and France Push for a More Aggressive Tariff Response
New York Times:
Live Updates: Trump Unveils Sweeping Tariffs on All Imports
Politico:
Senate Republicans buck Trump, join Dems in rejecting Canada tariffs
Wired:   Trump and DOGE Defund Program That Boosted American Manufacturing for Decades
Nette Nöstlinger / Politico:
German leaders push for tough response to Trump tariffs in hope of détente later
Discussion: Reuters, Wausau and WisPolitics
Rebecca Falconer / Axios:
Uninhabited sub-Antarctic islands named in Trump's tariffs list
Discussion: Daily Mail
Camille Gijs / Politico:
EU ‘prepared’ to retaliate against Trump's 20 percent tariffs
Tim Dickinson / Rolling Stone:
Trump Launches Trade War With Penguins, Not Putin
Jack Blanchard / Politico:   (Trade) war on the world
The Guardian:
‘Nowhere on Earth is safe’: Trump imposes tariffs on uninhabited islands near Antarctica
Discussion: Cafe Hayek
Jack Ewing / New York Times:
Auto Tariffs Take Effect, Putting Pressure on New Car Prices
Discussion: Wall Street Journal
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 …
Forbes:
Here's The Full List Of Trump's Reciprocal Tariffs Announced Wednesday
Noah Berlatsky / Public Notice:   Trump's third term threats are not a distraction
Sally Goldenberg / Politico:
Eric Adams ditches Democratic primary, will run for reelection as independent  —  The mayor has been at odds with his party, and wants time to recover from now-dismissed federal charges.  —  NEW YORK — Mayor Eric Adams is opting out of New York City's Democratic primary and running …
RELATED:
New York Times:
Adams Doubles Down on Trump Alliance, Praising F.B.I. Director's Book  —  In the mayor's first comments after a judge ordered corruption charges against him dropped, he urged New Yorkers to read a book by the Trump administration's F.B.I. director.  —  Eric Adams, the Democratic mayor …
Anthony Izaguirre / Associated Press:
NYC Mayor Eric Adams will skip Democratic primary and run for reelection as an independent
New Republic:
Trump Suddenly Set to Cut Musk Loose as Knives Come Out Over WI Fiasco  —  After Democrats scored a huge victory in the Wisconsin Supreme Court race, a contest that revolved heavily around Elon Musk's involvement, Trumpworld is turning on their favorite billionaire.
RELATED:
Associated Press:
Trump privately indicates Musk to step back from administration after government employee status expires: Sources
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 …
Dan Rosenzweig-Ziff / Washington Post:
Naval Academy removes 400 books after defense leaders' DEI orders  —  Defense Department leaders ordered the academy to remove books that promote diversity, equity and inclusion in response to Trump orders, a U.S. official said.  —  The U.S. Naval Academy has removed nearly 400 books …
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: masslive.com and Boston.com
 
 
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 More Items: 
Katherine Eban / Vanity Fair:
The Expert Who Kept Eye Drops From Blinding You Was Fired Yesterday
Bloomberg:
Trump Tariffs Set to Wipe Out Nearly $2 Trillion From US Stocks
Associated Press:
Justice Department declined to prosecute Texas AG Paxton in final weeks of Biden's term: AP sources
Discussion: The Gateway Pundit
Amanda Marcotte / Salon:
Mike Johnson melts down after House proxy vote failure exposes MAGA's “pro-family” lie
Discussion: The Hill, New York Times, Politico and Slate
Ian Dunt / The i Paper:
Trump's downfall begins now - his paranoia and baseless rage is his undoing
Sydney Lupkin / NPR:
HHS guts the teams that fulfill public records requests for health agencies
 Earlier Items: 
Lawrence H. Summers / New York Times:
If Powerful Places Like Harvard Don't Stand Up to Trump, Who Can?
Discussion: Robert Reich and NPR
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: The Guardian and Roll Call
ACLU:
Legal Organizations Across Ideologies File Amicus Brief Urging Court to Enjoin Executive Order Targeting Perkins Coie
Discussion: Reason
Michael Schaffer / Politico:
The Mystery Buyer of That $23 Million DC Mansion? Mark Zuckerberg.
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:

Lucas Shaw / Bloomberg:
Some experts weigh in on how President Trump's trade policy could impact the entertainment industry: ad budgets may shrink, Netflix could be shielded, and more

Rebecca Rubin / Variety:
A Minecraft Movie collects $157M at the US box office in its opening weekend, the biggest domestic debut of 2025 and best in history for a video game adaptation

Matthew Keys / The Desk:
Nexstar ordered its 160+ local TV stations to air segments during local newscasts that encourage viewers to lobby the FCC for broadcast ownership deregulation
 
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