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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 …
Discussion:
The Atlantic, Bloomberg, Politico, The Mahablog, The Independent, Plain Dealer, Semafor, Reuters, GZERO, 19FortyFive, Washington Examiner, Mediaite, New York Times, Baltimore Sun, USA Today and Wausau
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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.


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.


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.
Discussion:
Wall Street Journal, Fox News and New York Post


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 …

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.


Trump's New Protectionist Age
Discussion:
NBC News, Politico, New York Times, Bloomberg, The Hill, Rolling Stone, Washington Examiner, Washington Post, Associated Press, European Commission, New Republic, Tangle, Fox Business, Raw Story, EE Times, Reason, USA Today, Fox News, Metro.co.uk, Al Jazeera, Wausau, Atlantic Council, DCReport.org, Cafe Hayek, New York Post and IJR

Trump Declares A Trade War On Uninhabited Islands, US Military, And Economic Logic
Discussion:
The Status Kuo, Daring Fireball and Eschaton

Trump Calls It Liberation. It's Destruction.
Discussion:
New York Times, The Atlantic, Bloomberg, RedState, Washington Times, The Economist, Fox News and Fortune

Just five months ago, on October 19, 2024, The Economist ran a special report on America's economy. …
Discussion:
New York Times, Reuters, Associated Press, New York Post, The Hill, CleanTechnica and Fox News

Internal White House talking points: Tariffs are not up for negotiation
Discussion:
CBS News, The Local Europe and The Hill

Why Did Trump Spare Russia From New Tariffs?
Discussion:
Axios, The Independent, Newsweek, National Review, New Republic, The Hill, Reuters and Fox Business

Trump's Tariffs Give Him a New Way to Dole Out Reward and Punishment
Discussion:
The Contrarian and Talking Points Memo

Where We Stand: The Fiscal, Economic, and Distributional Effects of All U.S. Tariffs Enacted in 2025 Through April 2
Discussion:
Axios, New York Times, New York Post and USA Today

Donald Trump expected to make appearance at LIV Golf in Doral. Will he play in the Pro-Am?
Discussion:
Washington Post

EU ‘prepared’ to retaliate against Trump's 20 percent tariffs
Discussion:
Politico, Associated Press, Washington Post, BBC, New York Times, CNN, Quartz, Wausau, NPR, The Hill, The Guardian, Fox News, Townhall, ING Think, Fortune, The Daily Signal, Hong Kong Free Press HKFP, USA Today, Reuters, UPI, Bloomberg and CBS News, more at Techmeme »

Trump's tariff formula confounds the world, punishes the poor
Discussion:
Reuters, Wired, USA Today, Wausau, masslive.com, Raw Story, New Jersey Online and Bloomberg


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 …
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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 …


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 …

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


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.
Discussion:
Rolling Stone, ABC News, HuffPost, Washington Post, The Hill, Washington Examiner, U.S. Senator Maria Cantwell …, Scripps News, New Republic, The Daily Wire, Mediaite, Gizmodo, Forbes, Reuters, New York Post, MeidasTouch News, The Gateway Pundit, Daily Caller News Foundation and Raw Story
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Republicans weigh using the power of Congress to rein in Trump on tariffs
Discussion:
Salon, Axios, Foreign Policy, masslive.com, The Independent and The Daily Wire

Senate approves resolution against Trump's Canada tariffs hours after ‘Liberation Day’ event
Discussion:
New York Magazine, The Hill, Newsmax, American Greatness, Associated Press, The National Pulse, Townhall, IJR, Politico, New York Times, The Independent, Washington Times, New York Post, UPI and Reason

'I hope he's right': Markets tumble on tariffs — but Trump isn't flinching
Discussion:
USA Today, Reuters, Rolling Stone, El País, CBS News, The Hill, 19FortyFive, Daily Mail and The Independent

Republicans Plan to Skirt Senate Rules to Push Through More Tax Cuts
Discussion:
Talking Points Memo

Emboldened Democrats plot ways to hammer Trump on tariffs
Discussion:
CBS News, PoliticusUSA, Fox News, USA Today, The Daily Wire, The Guardian and The Hill


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.
Discussion:
WDIV-TV, The Detroit News, Fox Business, Gizmodo, The Hill, New Republic, Reuters, UPI, KTVZ-TV, Electrek, Fortune, Washington Examiner, Raw Story and Portal
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Pentagon's 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.
Discussion:
The Guardian, Bloomberg, Washington Examiner, The Hill, Fox News, CNBC, ABC News, Townhall, NPR and New York Post
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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
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K-12 schools must sign certification against DEI to receive federal money, administration says
Discussion:
HotAir, CBS News, NPR, Chalkbeat and Los Angeles Times

Trump threatens funding cuts for public schools over DEI policies
Discussion:
U.S. Department of Education, Bloomberg, USA Today, The Guardian and The Daily Wire


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.
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Trump ordered to pay legal fees in ‘Steele dossier’ lawsuit — A judge in the United Kingdom has ordered President Trump to pay more than $820,000 in legal fees to the company representing former British spy Christopher Steele after he unsuccessfully sued over a dossier.
Discussion:
The Guardian, Reuters and Associated Press


‘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 …


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.


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.


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 …
Discussion:
New York Post, New York Times, Associated Press, City Journal, Fox News, The Washington Free Beacon, Baltimore Sun, RedState, Townhall, Bloomberg, New York Magazine, City & State New York, The Daily Caller, The Hill, The National Pulse, KTVZ-TV, New York Daily News, CBS News, The Post Millennial, Wausau, The Guardian, Washington Post, Washington Examiner, USA Today and Hollywood Life


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.


‘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 …