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1:50 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.
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 …
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 …
Wall Street Journal:
Trump's New Protectionist Age
Jennifer Rubin / The Contrarian:
Truth still matters
Discussion: New York Post and NJTODAY.NET
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
Ashley Carnahan / Fox News:
Treasury Secretary Bessent tells countries not to retaliate after sweeping ‘Liberation Day’ tariffs
Wired:
Trump Tariffs Hit Antarctic Islands Inhabited by Zero Humans and Many Penguins
Washington Post:
Trump's tariffs hit even remote islands. One is mainly home to penguins.
Bloomberg:
France's Macron Urges EU Companies to Pause US Investments
Discussion: Politico and Wausau
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  —  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 …
Discussion: WPR
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:
Ben Leonard / Politico:
Top Republican leads bill to reassert Congress' tariff power amid Trump trade war
Josh Marshall / Talking Points Memo:   Two Thoughts on Trump's Inferno Tariffs
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.
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
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  —  By the authority vested in me as President by the Constitution and the laws of the United States of America, including …
RELATED:
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 …
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.
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 …
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.
 
 
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 More Items: 
Giselle Ruhiyyih Ewing / Politico:
Pence to receive JFK Profile in Courage Award for 2020 election certification
Discussion: Axios
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
 Earlier Items: 
Politico:
Top Johnson aide pleads not guilty to DUI charge
Discussion: Raw Story
Avery Lotz / Axios:
Musk will stay on as an adviser post-DOGE, Vance says
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