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11:45 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:
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.
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
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 …
Jenny Che / Bloomberg:
France's Macron Urges EU Companies to Pause US Investments  —  French President Emmanuel Macron urged companies to pause investments in the US after President Donald Trump announced tariffs on the European Union and other regions.  —  It makes little sense for firms to invest there while the US hits …
William Kristol / The Bulwark:
Trump Calls It Liberation.  It's Destruction.  —  Guess we're really doing this, huh?  Happy Thursday.  —  ‘Trade Wars Are Good and Easy to Win’  —  by Andrew Egger  —  Have you ever seen a presidential economic address crash the economy in real time?  Before yesterday, I hadn't.
Paul Krugman:
Trump Goes Crazy on Trade  —  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.
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: Reuters, Politico, CNN, Wausau, El País and Bloomberg
Alexandra Scaggs / Financial Times:
Reciprocal tariffs: you won't believe how they came up with the numbers  —  There is some method to the madness — it's just a nonsensical method  —  Americans were told reciprocal tariffs would be simple.  “Reciprocal, that means they do it to us, and we do it to them,” said President Donald Trump on Wednesday.
Jennifer Rubin / The Contrarian:
Truth still matters
Discussion: NJTODAY.NET and New York Post
Camille Gijs / Politico:
EU ‘prepared’ to retaliate against Trump's 20 percent tariffs
New York Times:
'It's a Disaster': Global Markets Slide After Trump Unveils Tariffs
Victoria Guida / Politico:
‘This Could Get Much Uglier’: The Fatal Flaw In Trump's Trade War
Ashley Carnahan / Fox News:
Treasury Secretary Bessent tells countries not to retaliate after sweeping ‘Liberation Day’ tariffs
Robert Jimison / New York Times:
Senate Votes to Rescind Some Trump Tariffs, With G.O.P. Support
Wall Street Journal:
Trump's New Protectionist Age
James Fallows / Breaking the News:
Launching the Economic Version of the Iraq War.
Discussion: Raw Story
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’
Wired:   Trump and DOGE Defund Program That Boosted American Manufacturing for Decades
Colum Murphy / Bloomberg:
Trump Gives China's Xi a Chance to Win Over World Hit by Tariffs
Discussion: Washington Examiner
Nick Timiraos / Wall Street Journal:
Trump's Tariffs Aim to Create a New World Economic Order
Ryan Dezember / Wall Street Journal:
Here's How Markets Are Responding to Trump's Tariffs Announcement
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 …
Discussion: Raw Story
RELATED:
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 …
Discussion: RedState
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 …
Discussion: Daily Mail
Bloomberg:
Trump Tariffs Set to Wipe Out Nearly $2 Trillion From US Stocks … Roughly $1.7 trillion is set to be erased from the S&P 500 Index when trading opens Thursday amid worries that President Donald Trump's sweeping new round of tariffs could plunge the economy into a recession.
RELATED:
CNBC:
Dow futures tumble 900 points, S&P 500 futures lose 3% on Trump's tariff rollout: Live updates
NBC News:
Investors flee U.S. stocks as markets react sharply to Trump's tariff plan
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:
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:
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.
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.
Avery Lotz / Axios:
Musk will stay on as an adviser post-DOGE, Vance says  —  Elon Musk will remain a “friend and an adviser” to the White House after his time directing DOGE's reordering of the federal government is through, Vice President JD Vance said in a Thursday interview.
Pamela Paul / New York Times:
My Farewell Column  —  This is my final column for The Times.  —  In the memo I wrote three years ago when applying for this job after 11 years at The Times Book Review, I vowed “to write to Times readers rather than to Twitter or to Slack.”  I knew my positions, fundamentally liberal …
 
 
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 More Items: 
Politico:
Dan Osborn makes moves toward another Nebraska Senate run
Leah Litman / The Atlantic:
How the Trump Administration Learned to Obscure the Truth in Court
Politico:
Top Johnson aide pleads not guilty to DUI charge
Elisha Krauss / Washington Examiner:
Hegseth embraces true equality for women in the military
Discussion: USA Today
Associated Press:
Justice Department declined to prosecute Texas AG Paxton in final weeks of Biden's term: AP sources
Discussion: The Gateway Pundit
 Earlier Items: 
Ian Dunt / The i Paper:
Trump's downfall begins now - his paranoia and baseless rage is his undoing
Discussion: Raw Story
Sydney Lupkin / NPR:
HHS guts the teams that fulfill public records requests for health agencies
Dan Rosenzweig-Ziff / Washington Post:
Naval Academy removes 400 books after defense leaders' DEI orders
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
Sunil Kumar / Tufts University:
University Declaration for Rümeysa Öztürk  —  Please see below a declaration …
Discussion: Boston.com and masslive.com
Dasha Burns / Politico:
Waltz's team set up at least 20 Signal group chats for crises across the world
 

 
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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