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2:30 PM ET, April 3, 2025

memeorandum

 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:
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.
David Dayen / American Prospect:
They're Not Tariffs, They're Sanctions  —  Stop trying to place coherence on a policy that's really just a mob boss breaking legs and asking for protection money.  —  President Donald Trump departs after signing an executive order on tariffs in the Rose Garden at the White House, April 2, 2025, in Washington.
Discussion: Fox News and New York Post
Josh Fiallo / The Daily Beast:
Trump Jets Off to Watch Golf as U.S. Economy Goes Up in Flames  —  TRUMPENOMICS  —  The stock market is in free fall, but the president is headed to Florida.  —  President Donald Trump's response to a tanking U.S. stock market—brought on by his sweeping tariff announcement Wednesday—is to fly to Florida.
Discussion: Palm Beach Post
Wall Street Journal:
Trump's New Protectionist Age  —  Blowing up the world trading system has consequences that the President isn't advertising.  —  President Trump unveiled his new “liberation day” tariffs on Wednesday, and they are another large step toward a new old era of trade protectionism.
Camille Gijs / Politico:
EU ‘prepared’ to retaliate against Trump's 20 percent tariffs
Jennifer Rubin / The Contrarian:
Truth still matters
Discussion: New York Post and NJTODAY.NET
Giorgio Leali / Politico:
Macron calls on EU companies to freeze investments in US
Discussion: Bloomberg and Wausau
New York Times:
'It's a Disaster': Global Markets Slide After Trump Unveils Tariffs
William Kristol / The Bulwark:
Trump Calls It Liberation. It's Destruction.
Washington Post:
Trump's tariffs hit even remote islands. One is mainly home to penguins.
Ashley Carnahan / Fox News:
Treasury Secretary Bessent tells countries not to retaliate after sweeping ‘Liberation Day’ tariffs
CNN:
White House fires three NSC staffers after president meets with far-right activist Laura Loomer  —  The White House has fired at least three National Security Council staffers, three sources familiar with the move told CNN.  —  The firings came after Laura Loomer, the far-right activist …
RELATED:
New York Times:
In Oval Office Meeting, Far-Right Activist Pushes Trump to Fire National Security Staff  —  During the 30-minute meeting, Laura Loomer excoriated National Security Council officials in front of the president and Michael Waltz, the national security adviser.  —  Laura Loomer, the far-right activist …
Axios:
Scoop: Multiple firings on Trump's National Security Council after Loomer visit  —  Several members of President Trump's embattled National Security Council have been fired, a U.S. official and a second source familiar told Axios on Thursday.  —  Why it matters: The firings come …
NBC News:
17 former presidents of the D.C. Bar slam Trump over his targeting of law firms  —  Ryan J. Reilly and Rebecca Shabad  —  More than a dozen former presidents of the D.C. Bar Association have signed onto an amici curiae brief describing Trump's executive orders targeting law firms as …
Michael C. Bender / New York Times:
Trump Administration Live Updates: Security Officials Said to Be Fired at Conspiracy Theorist's Urging
Discussion: WPR
NBC News:   Far-right activist Laura Loomer told Trump to fire national security team members in Oval Office meeting
Ben Leonard / Politico:
Top Republican leads bill to reassert Congress' tariff power amid Trump trade war  —  Sen. Chuck Grassley, a senior Republican lawmaker from the farm-heavy state of Iowa, is spearheading new legislation that would reassert Congress' authority over tariffs amid President Donald Trump's trade war escalation.
RELATED:
Victoria Guida / Politico:
‘This Could Get Much Uglier’: The Fatal Flaw In Trump's Trade War  —  Trump's radical tariff program is aimed at restoring U.S. manufacturing greatness.  He's getting in his own way.  —  President Donald Trump's sweeping tariff regime will completely transform America's economic relationship …
Danielle Wallace / Fox News:
Senate approves resolution against Trump's Canada tariffs hours after ‘Liberation Day’ event  —  4 Republicans side with Democratic resolution against Trump's Canada tariffs  —  Join Fox News for access to this content  —  The Senate on Wednesday approved a resolution opposing President …
Josh Marshall / Talking Points Memo:   Two Thoughts on Trump's Inferno Tariffs
Michael Wayland / CNBC:
Stellantis idles plants in Mexico and Canada due to tariffs … DETROIT — Stellantis is pausing production at two assembly plants in Canada and Mexico as the company attempts to navigate President Donald Trump's new round of 25% automotive tariffs that took effect Thursday.
RELATED:
Sally Goldenberg / Politico:
Adams to skip New York City's Democratic primary, run for reelection on nonpartisan line  —  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:
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, Semafor, Wausau and Tax Foundation
Stan Choe / Associated Press:
Dow drops 1,400 as US stocks lead worldwide sell-off after Trump's tariffs ignite a COVID-like shock  —  Financial markets around the world are reeling Thursday following President Donald Trump's latest and most severe set of tariffs, and the U.S. stock market is taking the worst of it so far.
April Rubin / Axios:
What to know about Saturday's nationwide “Hands Off!” anti-Trump protests  —  A nationwide anti-President Trump movement on Saturday, “Hands Off!,” is expected to be the largest single-day protest since he entered office.  —  Why it matters: The Trump administration's wide-reaching …
Janna Brancolini / The Daily Beast:
Newsmax Shares Plunge 80 Percent After Briefly Being Valued Higher Than Fox  —  MEME STOCK  —  The MAGA cable channel Newsmax was briefly worth $30 billion this week before its share prices tumbled by 80 percent three days after its market debut.  The company briefly had a market cap of $30 billion …
Will Bunch / The Philadelphia Inquirer:
Booker's message was powerful and simple.  Just do something.  Now it's your turn  —  The question has hung for months over America like the dreary grey haze from the latest climate-induced wildfire: What on earth is wrong with the Democratic Party?  There's no simple bumper-sticker response …
Gabby Deutch / Jewish Insider:
ADL's Greenblatt calling out ‘disturbing pattern’ in Trump's deportation campaign  —  In an interview with JI, the Anti-Defamation League CEO says the protection of Jewish students 'shouldn't require us to shred the norms that we use to protect other people'
Associated Press:
US bans government personnel in China from romantic or sexual relations with Chinese citizens  —  The U.S. government has banned American government personnel in China, as well as family members and contractors with security clearances, from any romantic or sexual relationships with Chinese citizens, The Associated Press has learned.
Amanda Marcotte / Salon:
Mike Johnson melts down after House proxy vote failure exposes MAGA's “pro-family” lie  —  The House speaker's latest tantrum shows how the “pro-family” MAGA GOP just wants women back in the kitchen  —  Speaker of the House Mike Johnson, R-La., once famously said that, to understand his …
Michael C. Bender / New York Times:
Trump Administration Threatens to Withhold Funds From Public Schools  —  State education officials will be required to verify that they have eliminated all programs that promote diversity, equity and inclusion that the administration deems unlawful, according to a new memo.
Discussion: USA Today and The Guardian
Judy Kurtz / The Hill:
White House postpones Saturday garden tours due to anti-Trump demonstrations  —  The White House is rescheduling one of its annual spring garden tour dates due to a “massive” anti-Trump demonstration expected to take place near 1600 Pennsylvania Ave.  —  The spring garden tours that were scheduled …
Default:
Learning From the Legacy of 18F  —  Although the government has terminated 18F—the team that modernized government tech—its legacy offers lessons for future digital services.  —  Meet The Authors … In March, the U.S. government shut down 18F, the digital services team tasked with modernizing government technology and services.
 
 
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 More Items: 
Foreign Affairs:
The Brewing Transatlantic Tech War
Giselle Ruhiyyih Ewing / Politico:
Pence to receive JFK Profile in Courage Award for 2020 election certification
Discussion: Axios and KTVZ-TV
Megan Brenan / Gallup:
Worry About U.S. Economy, Healthcare, Social Security Surges
Discussion: The Hill and New Republic
Politico:
Dan Osborn makes moves toward another Nebraska Senate run
Discussion: Washington Examiner
Leah Litman / The Atlantic:
How the Trump Administration Learned to Obscure the Truth in Court
Avery Lotz / Axios:
Musk will stay on as an adviser post-DOGE, Vance says
 Earlier Items: 
Elisha Krauss / Washington Examiner:
Hegseth embraces true equality for women in the military
Discussion: Human Events and USA Today
Pamela Paul / New York Times:
My Farewell Column  —  This is my final column for The Times.  —  In the memo I wrote three …
Bloomberg:
Trump Tariffs Set to Wipe Out Nearly $2 Trillion From US Stocks
Discussion: UPI
Associated Press:
Justice Department declined to prosecute Texas AG Paxton in final weeks of Biden's term: AP sources
Discussion: The Gateway Pundit
Ian Dunt / The i Paper:
Trump's downfall begins now - his paranoia and baseless rage is his undoing
Discussion: Raw Story
Felix Salmon / Axios:
A third global recession in 20 years looms
Discussion: The New European, Daily Kos and Wausau
Wired:
Trump and DOGE Defund Program That Boosted American Manufacturing for Decades
 

 
From Mediagazer:

Alex Weprin / The Hollywood Reporter:
In an interview with Meta CTO Andrew Bosworth, James Cameron says he is cautiously optimistic about generative AI's role in filmmaking, including cutting costs

Jennifer Maas / Variety:
Media and tech stocks jump after Trump announced a 90-day tariff pause, with WBD closing up 17%+, Netflix up 8%+, Disney up 12%+, and Meta up 14%+

Calum Marsh / New York Times:
A look at Sound of Freedom maker Angel Studios, which uses its streaming subscribers' feedback to greenlight projects, as it expands beyond faith-based content

 
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