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6:15 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.
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
Dominic Preston / The Verge:
Trump's new tariff math looks a lot like ChatGPT's  —  ChatGPT, Gemini, Grok, and Claude all recommend the same “nonsense” tariff calculation. … When President Donald Trump began yesterday's announcement of the White House's latest trade policy brandishing a novelty-sized cardboard sign labeled …
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.
Washington Post:
Trump contradicts aides, talking points on purpose of global tariffs  —  Investors and global leaders have been trying to understand the purpose of sprawling new import duties.  —  President Donald Trump on Thursday contradicted his top aides on the purpose of his sprawling new global tariff regime …
Discussion: Raw Story and The Hill
Josh Wingrove / Bloomberg:
Trump's ‘Reciprocal’ Tariff Formula Is All About Trade Deficits … President Donald Trump's administration calculated its raft of new tariffs primarily based on existing trade balances — a departure from pledges to match the tariff rates and other trade barriers from other countries.
Wall Street Journal:
Trump's New Protectionist Age
Zack Beauchamp / Vox:   The real reason Trump is destroying the economy
Victoria Guida / Politico:
‘This Could Get Much Uglier’: The Fatal Flaw In Trump's Trade War
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 …
Rolling Stone:   Trump Fires NatSec Officials After Meeting With Far-Right Conspiracy Theorist
Michael C. Bender / New York Times:
Trump Administration Live Updates: Security Officials Said to Be Fired at Conspiracy Theorist's Urging
Discussion: WPR
Associated Press:
Trump fired several national security officials deemed insufficiently loyal, AP sources say
Discussion: Defense One
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:
Danielle Wallace / Fox News:
Senate approves resolution against Trump's Canada tariffs hours after ‘Liberation Day’ event
Jamie Grierson / The Guardian:
Donald Trump ordered to pay £626,000 legal costs after Steele dossier lawsuit  —  US president had sued over denied allegations he took part in ‘perverted’ sex acts but UK case was thrown out last year  —  Donald Trump has been ordered by a judge in England to pay more than £620,000 …
Discussion: Reuters and Raw Story
RELATED:
Lauren Irwin / The Hill:
Trump ordered to pay legal fees in ‘Steele dossier’ lawsuit
Discussion: Associated Press
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:
Collin Binkley / Associated Press:
K-12 schools must sign certification against DEI to receive federal money, administration says  —  As a condition for receiving federal money, the Trump administration is ordering K-12 schools to certify that they are following federal civil rights laws and eliminating diversity, equity and inclusion practices.
RELATED:
Michael C. Bender / New York Times:
Trump Administration Threatens to Withhold Funds From Public Schools
Discussion: The Hill and masslive.com
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.
Sean Burch / The Wrap:
Eugene Robinson Leaves the Washington Post After Jeff Bezos' ‘Significant Shift’ to Opinion Section  —  “I wish nothing but the very best for the paper and for all of you.  I won't be a stranger,” the political columnist tells his colleagues after 45 years at WaPo
Lily Meier / Bloomberg:
‘Oh Sh-t’: RH Chief Is Shocked as Tariffs Drag Down Stock 44% … “Oh sh-t.”  That was RH Chief Executive Officer Gary Friedman's reaction to what was happening to the luxury furniture maker's stock price on Wednesday evening.  —  Donald Trump had just announced plans for an avalanche …
Discussion: CNBC, Fox Business, Quartz and Fortune
The Straits Times:
Radio Free Europe says US switches off satellite transmitting Russia broadcast  —  PRAGUE - The head of Radio Free Europe/Radio Liberty said on April 3 that the US government had switched off a satellite that transmitted its Russian-language programme into Russia.
Cheyenne Haslett / Associated Press:
RFK Jr. announces HHS reinstating some programs, employees cut by mistake  —  He didn't indicate when the reinstatements would happen.  —  Health and Human Services Secretary Robert F. Kennedy Jr. arrives before President Donald Trump speaks during an event to announce new tariffs …
Discussion: Mediaite
David A. Super / The Hill:
The hidden patterns in Trump's executive orders  —  The breadth of President Trump's onslaught of executive orders is wearying even to the most experienced officials, journalists and analysts — likely by design.  —  Although many of the proposals contained in Project 2025 have yet to be implemented …
Tara Copp / Associated Press:
Pentagon watchdog to review Hegseth's use of Signal app to convey plans for Houthi strike  —  The Pentagon's acting inspector general announced Thursday that he would review Defense Secretary Pete Hegseth's use of the Signal messaging app to convey plans for a military strike against Houthi militants in Yemen.
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 …
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 and Semafor
Alexander Tin / CBS News:
RFK Jr. cuts CDC labs investigating outbreaks of STDs and hepatitis  —  Health and Human Services Secretary Robert F. Kennedy Jr. has eliminated the Centers for Disease Control and Prevention's laboratories for sexually transmitted diseases and hepatitis, multiple officials tell CBS News, disrupting ongoing work to respond to outbreaks.
Adam Satariano / New York Times:
E.U. Prepares Major Penalties Against Elon Musk's X  —  European regulators are considering fining X more than $1 billion, after weighing the risks of further antagonizing Mr. Musk and President Trump.  —  European Union regulators are preparing major penalties against Elon Musk's social media platform X …
Brodigan / Louder With Crowder:
Liberation Day: How Trump's Tariff Strategy Will Reset the Global Order (Sources)  —  German police get deep into a murder investigation before the case takes a twist not even Sherlock Holmes could see coming.  A stabbing death in Frisco goes largely uncovered by the mainstream media, and we think you know the reason.
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.
Lauren Weber / Washington Post:
Oz confirmed to oversee health insurance for millions of Americans  —  Television star Dr. Oz has been confirmed to lead the Centers for Medicare & Medicaid Services, which has a massive budget and oversees health insurance for millions of Americans.  —  Just now
 
 
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 More Items: 
Matt O'Brien / Associated Press:
US energy department invites AI data center development at Los Alamos and other federal lands
Discussion: The Hill and Nextgov/FCW
Jose Pagliery / NOTUS:
Boasberg Inches Closer To Finding Trump Officials in Contempt Over Venezuelan Deportation Flights
Discussion: ABC News
Matt Taibbi / Racket News:
A Response to a Member of Congress
Nathaniel Weixel / The Hill:
Federal judge temporarily pauses RFK Jr. effort to rescind billions of public health funds
Discussion: Associated Press
Taylor Lorenz / User Mag:
YouTube removes ‘gender identity’ from hate speech policy
Phelim Kine / Politico:
Trump's China ambassador pick gets kid-glove treatment on Capitol Hill
Discussion: The Hill
David French / New York Times:
The Donald Trump Leap of Faith
 Earlier Items: 
Rachel Frazin / The Hill:
Staff working on childhood lead exposure and cancer clusters fired from CDC
Discussion: Bloomberg
Shalise Manza Young / The Contrarian:
Why Trump's Smithsonian executive order is especially painful
Discussion: New York Times
Bernie Sanders / Fox News:
SEN BERNIE SANDERS: We have a government of billionaires, by billionaires and for billionaires
Judy Kurtz / The Hill:
White House postpones Saturday garden tours due to anti-Trump demonstrations
Janna Brancolini / The Daily Beast:
Newsmax Shares Plunge 80 Percent After Briefly Being Valued Higher Than Fox
Gabby Deutch / Jewish Insider:
ADL's Greenblatt calling out ‘disturbing pattern’ in Trump's deportation campaign
Discussion: Frontpage Mag
Felix Salmon / Axios:
A third global recession in 20 years looms
Discussion: Daily Kos and The New European