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Trump's Trade War Escalates as China Retaliates With 34% Tariffs — The Chinese government said it would match President Trump's tariff, and also barred a group of American companies from doing business in China. — China has struck back at President Trump on Friday.
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“Horrifying”: Trump's Weird, Confused Rant to Media as Markets Tanked — After President Trump imposed sweeping tariffs on imports from all over the globe, prompting the markets to implode, he took a question about it on Thursday. He ranted and rambled delusionally about how everything is just great.
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America's astonishing act of self-harm — Trump's tariffs will upend the global economic order and tarnish US prosperity — If it endures, Donald Trump's decision on April 2 2025 to enact sweeping “reciprocal” tariffs on US trade partners will go down as one of the greatest acts of self-harm in American economic history.
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Fox News, Vox, To the Contrary, Los Angeles Times, New Republic, Raw Story and MeidasTouch News


Global brokerages raise recession odds; J.P.Morgan sees 60% chance — J.P.Morgan ratcheted up its odds for a U.S. and global recession to 60%, as brokerages scrambled to revise their forecast models with tariff distress threatening to sap business confidence and slow down global growth.
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Transcript: Trump's Tariff Madness Can Be Stopped. Here's How. — The following is a lightly edited transcript of the April 4 episode of the Daily Blast podcast. Listen to it here. — Greg Sargent: This is The Daily Blast from The New Republic, produced and presented by the DSR network.


Breaking | China hits back at US with 34% tariff on American imports in retaliation for Trump's duties — The tariff comes into effect on April 10 and is part of a raft of measures that includes more rare earths controls — China will impose a 34 per cent tariff on imported American goods …
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Bloomberg, The Hill, CNBC, Scripps News, Variety, Daily Mail, CBS News, EE Times, Focus Taiwan and Semafor


The job market remains incredibly healthy — but the tariff storm could upend things — The American labor market just provided a bit of reassuring economic news at the end of a rocky week. — U.S. employers added 228,000 jobs in March. That's about twice the number added the previous month …
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Challenger …, Scripps News, The Hill, Washington Times, RedState, OutsideTheBeltway, Jared's Substack, The Guardian, Fox Business, The Independent, Quartz, CBS News and UPI


Powell sees tariffs raising inflation and says Fed will wait before further rate moves — Federal Reserve Chair Jerome Powell said Friday that he expects President Donald Trump's tariffs to raise inflation and lower growth, and indicated that the central bank won't move on interest rates until …
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The Hill, al.com, The Post Millennial, Wausau and NewsNation


‘Oligarchy’: Trump exempts big oil donors from tariffs package
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Politico, Barron's Online, Canary Media and Ace of Spades HQ

China to impose 34% retaliatory tariff on all goods imported from the U.S.
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Axios, The Hill, CBS News, Reuters, MeidasTouch News, Daily Caller News Foundation, Al Jazeera, Chicago Tribune, New York Post, Daily Mail and Wausau, more at Techmeme »

Stock markets plunge as China announces retaliatory 34% tariffs on US goods - business live
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Trump's Next Tariffs Target Could Be Foreign-Made Medicines
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Forbes

Dow drops 1,400 points, Nasdaq set to close in bear market as Trump tariff sell-off worsens: Live updates
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Politico, The Hill, Washington Examiner, Quartz, Fortune, Forbes, Associated Press, UPI, Yahoo Finance, The Independent, NPR and CBS News

Republicans play powerless as Trump tariff fears sweep across the globe
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NOTUS, HuffPost, The Dispatch, Axios, RedState, Daily Mail, New Republic, Washington Examiner, Business Insider, The Guardian, American Greatness, NBC News and Forbes

Lawsuit Challenges Trump's Legal Rationale for Tariffs on China
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The Guardian, NBC News and Wausau

Dow Futures Slide and Bonds Rally After China Retaliates to Trump Tariffs
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CNBC, Axios, al.com, Deadline, Mock Paper Scissors, Associated Press, KTVZ-TV, Magnolia Tribune, Fox Business and Washington Examiner

Fed's Powell steady on rates, warns on inflation as Trump demands cut
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Gavin Newsom angles for California exemptions to Trump trade war
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At least Trump's swarm of sycophants supports his tariffs
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New York Times, CNN, Ian Haworth, The Atlantic, Wall Street Journal, The Hill, Washington Post, GZERO, Associated Press, The White House, The Independent, The Economist, Fox News, NPR, Daily Kos and Baltimore Sun

Trump and His ‘Little Disturbance’ From Tariffs
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NCLA Sues to Stop Trump Admin. from Imposing Emergency Tariffs That Congress Never Authorized
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The Hill, Daily Caller News Foundation, New Republic, UPI, Bloomberg, Fox Business, Raw Story and Washington Examiner

Trump's announcement last night that he was placing high tariffs on countries around the world came …
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Bloomberg, Washington Post, The Japan Times, New York Times, HuffPost and New York Post

Republicans want to move on tax cuts. The world keeps intervening.
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Slate, Washington Times and New York Magazine

Japan stocks extend declines as Trump tariffs roil markets, Nikkei falls over 3%


National Security Agency and Cyber Command chief Gen. Timothy Haugh ousted — The director of the NSA, the powerful wiretapping and cyber espionage service, was fired and reassigned Thursday, according to U.S. officials. — just now — The director of the powerful wiretapping …
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Head of National Security Agency and Cyber Command Is Ousted — No reason was given for the removal of Gen. Timothy D. Haugh, but the far-right activist Laura Loomer had called for his ouster in a meeting with President Trump, an official said. — The head of the National Security Agency …


Trump administration fires director of National Security Agency
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Trump fires head of National Security Agency and Cyber Command
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Poll: AOC leads Schumer in head-to-head New York primary matchup by double digits — The liberal group Data For Progress conducted the survey of likely Democratic voters. — Alexandria Ocasio-Cortez is leading Chuck Schumer by double digits in a new head-to-head poll of the 2028 New York primary.


The American Age Is Over — 1. Canada — Fittingly, it was the Canadian prime minister, Mark Carney, who declared the official time of death. … And just like that, the age of American empire, the great Pax Americana, ended. — Share — We cannot overstate what has just happened.
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Lawyers, Guns & Money and Reuters
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South Korean court removes president from office, says he violated duties — The Constitutional Court upheld the impeachment of President Yoon Suk Yeol over his attempt to impose martial law, a decision expected to exacerbate political divisions. — Just now
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Social Security faces thousands more job cuts even with service in tailspin — The agency has already seen 7,000 job losses from dramatic cost-cutting efforts by Trump and Musk — even as they promise no benefit reductions. — Just now — The Social Security Administration …
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Army Planners Are Weighing Force Reductions of Up to 90,000 Active-Duty Soldiers
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RedState


Trump's VA is ending a rescue program that's saved 17,000 military veterans' homes — The U.S. Department of Veterans Affairs said Thursday that it will end a mortgage-rescue program designed to help veterans who have fallen behind on their mortgages keep their homes.


Russell Brand charged with rape and sexual assault — Actor and comedian charged with rape, indecent assault, oral rape and two counts of sexual assault, say police — The comedian and actor Russell Brand has been charged with one count each of rape, indecent assault and oral rape as well as two counts of sexual assault.
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Nintendo Halts Switch 2 Pre-Orders Over Trump's Tariffs — New tariffs threaten massive price hikes on gaming hardware and other consumer goods — Switch 2 pre-orders were supposed to begin on April 9. No longer. In an unprecedented move, Nintendo announced on Friday that it's halting pre-orders …
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The Verge, Bloomberg, Business Insider, Daily Mail, Gizmodo, TechCrunch, Engadget, Windows Central, Forbes, Ars Technica and BGR, more at Techmeme »


Obama rips into law firms and universities bowing to Trump threats at Hamilton College — Former President Barack Obama urged academic and legal institutions to step up resistance to President Donald Trump's agenda during a speech at New York's Hamilton College.
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Fox News, The Hill and Talking Points Memo
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Trump's Jewish Cover Story
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The Failed Ideas That Drive Elon Musk — President Trump has reportedly told cabinet members that Elon Musk may soon leave the administration. If and when he goes, what will he leave behind? — Mr. Musk has long presented himself to the world as a futurist.