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1:35 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.
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
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 …
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.
Wall Street Journal:
Trump's New Protectionist Age
President Donald J. Trump / The White House:
Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits
New York Times:
'It's a Disaster': Global Markets Slide After Trump Unveils Tariffs
Camille Gijs / Politico:
EU ‘prepared’ to retaliate against Trump's 20 percent tariffs
Wired:   Trump and DOGE Defund Program That Boosted American Manufacturing for Decades
Bloomberg:
France's Macron Urges EU Firms to Pause US Investments
Discussion: Politico and Wausau
Washington Post:
Trump's tariffs hit even remote islands. One is mainly home to penguins.
The Budget Lab at Yale:
Where We Stand: The Fiscal, Economic, and Distributional Effects of All U.S. Tariffs Enacted in 2025 Through April 2
Discussion: USA Today and Marketplace
Ashley Carnahan / Fox News:
Treasury Secretary Bessent tells countries not to retaliate after sweeping ‘Liberation Day’ tariffs
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’
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 …
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  —  Where Things Stand  — Security officials fired: President Trump fired at least three senior National Security Council officials at the urging of the far-right conspiracy theorist Laura Loomer …
NBC News:   Far-right activist Laura Loomer told Trump to fire national security team members in Oval Office meeting
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 …
RELATED:
Josh Marshall / Talking Points Memo:   Two Thoughts on Trump's Inferno Tariffs
Catie Edmondson / New York Times:
Republicans Plan to Skirt Senate Rules to Push Through More Tax Cuts
Discussion: HuffPost and New York Post
Robert Jimison / New York Times:
Senate Votes to Rescind Some Trump Tariffs, With G.O.P. Support
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.
RELATED:
Bloomberg:   Trump Tariffs Set to Wipe Out Nearly $2 Trillion From US Stocks
CNBC:
Dow futures tumble 900 points, S&P 500 futures lose 3% on Trump's tariff rollout: Live updates
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:
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.
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 …
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'
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
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 …
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 its favorite billionaire.
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: 
Scott Macfarlane / CBS News:
Trump nominee to be D.C.'s top prosecutor touts legal work for Jan. 6 rioters in Senate questionnaire
Discussion: The Hill and Talking Points Memo
Megan Brenan / Gallup:
Worry About U.S. Economy, Healthcare, Social Security Surges
Discussion: The Hill and New Republic
Maggie Astor / New York Times:
RFK Jr. Falters on Transparency Promise Amid HHS Layoffs
Discussion: Axios
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
Politico:
Top Johnson aide pleads not guilty to DUI charge
Discussion: Raw Story
 Earlier Items: 
Avery Lotz / Axios:
Musk will stay on as an adviser post-DOGE, Vance says
Jennifer Rubin / The Contrarian:
Truth still matters
Discussion: New York Post and NJTODAY.NET
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 …
Associated Press:
Justice Department declined to prosecute Texas AG Paxton in final weeks of Biden's term: AP sources
Liam Knox / Inside Higher Ed:
Smashing the Student Visa System
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 and Wausau
 

 
From Techmeme:

Alexey Shabanov / TestingCatalog:
Google announces Agent2Agent, an open interoperability protocol to enable seamless collaboration between AI agents across diverse frameworks and vendors

David DiMolfetta / Nextgov/FCW:
President Trump directs the DOJ to investigate former CISA director Chris Krebs, who was fired after he contradicted Trump's baseless 2020 election fraud claims

Jesse Hamilton / CoinDesk:
The US Senate confirms former SEC Commissioner Paul Atkins as SEC chair, succeeding Gary Gensler; Atkins is widely expected to support crypto-friendly policies

 
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