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5:40 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
Washington Post:
Internal White House talking points: Tariffs are not up for negotiation  —  Investors and global leaders have been trying to understand the purpose of sprawling new import duties.  —  Just now  —  White House officials have circulated internal talking points telling surrogates …
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.
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 …
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
Victoria Guida / Politico:
‘This Could Get Much Uglier’: The Fatal Flaw In Trump's Trade War
Zack Beauchamp / Vox:   The real reason Trump is destroying the economy
Pema Levy / Mother Jones:
Trump's Tariffs Give Him a New Way to Dole Out Reward and Punishment
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 …
Michael C. Bender / New York Times:
Trump Administration Live Updates: Security Officials Said to Be Fired at Conspiracy Theorist's Urging
Discussion: WPR
Rolling Stone:   Trump Fires NatSec Officials After Meeting With Far-Right Conspiracy Theorist
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
Politico:
'I hope he's right': Markets tumble on tariffs — but Trump isn't flinching
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:
Reuters:
Stellantis says it will temporarily lay off 900 US workers following tariff announcement
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 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: The Hill and masslive.com
RELATED:
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.
RELATED:
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.
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.
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
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 …
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
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.
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 and Wausau
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 …
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
Shalise Manza Young / The Contrarian:
Why Trump's Smithsonian executive order is especially painful  —  President Donald Trump has been signing executive orders at the pace of a teenager posting to Snapchat, and, for the most part, they are press releases that further expose his administration's cruelty, grift, and ignorance, or some combination of the three.
Discussion: New York Times and Washington Post
 
 
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 More Items: 
Phelim Kine / Politico:
Trump's China ambassador pick gets kid-glove treatment on Capitol Hill
Discussion: The Hill and Breitbart
David French / New York Times:
The Donald Trump Leap of Faith
Nathaniel Weixel / The Hill:
HHS staff to brief House committee following massive agency layoffs
Rachel Frazin / The Hill:
Staff working on childhood lead exposure and cancer clusters fired from CDC
Discussion: Bloomberg
Ben Johansen / Politico:
Kennedy shutters several FOIA offices at HHS
Discussion: NPR
Bernie Sanders / Fox News:
SEN BERNIE SANDERS: We have a government of billionaires, by billionaires and for billionaires
Discussion: Washington Examiner
Tiffany Stanley / Associated Press:
A historic Black church took the Proud Boys to court. Now it controls their trademark
Judy Kurtz / The Hill:
White House postpones Saturday garden tours due to anti-Trump demonstrations
 Earlier Items: 
Janna Brancolini / The Daily Beast:
Newsmax Shares Plunge 80 Percent After Briefly Being Valued Higher Than Fox
Default:
Learning From the Legacy of 18F
Gabby Deutch / Jewish Insider:
ADL's Greenblatt calling out ‘disturbing pattern’ in Trump's deportation campaign
Discussion: Frontpage Mag
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: Daily Kos and The New European
 

 
From Mediagazer:

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%+

Richard Lawler / The Verge:
YouTube, the RIAA, and SAG-AFTRA express support for the reintroduced NO FAKES Act, which standardizes rules around making AI copies of a person's likeness

Alex Mahadevan / Poynter:
A survey of 1,128 US adults: 49% have no interest in using an AI chatbot to get info from news outlets, and 27% believe outlets often use AI to write articles
 
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