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1:20 PM ET, April 4, 2025

memeorandum

 Top Items: 
New Republic:
“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.
RELATED:
Keith Bradsher / New York Times:
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.
Ivana Saric / Axios:
Gavin Newsom angles for California exemptions to Trump trade war  —  California Gov. Gavin Newsom said Friday he is pursuing agreements with other countries to ensure California is exempted from retaliatory tariffs aimed at the U.S.  —  Why it matters: President Trump's “Liberation Day” tariffs spurred global blowback.
Financial Times:
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.
Dharna Noor / The Guardian:
‘Oligarchy’: Trump exempts big oil donors from tariffs package  —  Trump's new 10% universal tariffs will not apply to many fossil fuel products in sign of his fealty, advocates say  —  Democracy and justice is supported by  —  The sweeping package of tariffs unveiled by Donald Trump …
New Republic:
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.
CNBC:
Dow drops 1,400 points, Nasdaq set to close in bear market as Trump tariff sell-off worsens: Live updates
Scott Horsley / NPR:
The job market remains incredibly healthy — but the tariff storm could upend things
Rebecca Robbins / New York Times:
Trump's Next Tariffs Target Could Be Foreign-Made Medicines
Discussion: Forbes
Tony Romm / New York Times:
Lawsuit Challenges Trump's Legal Rationale for Tariffs on China
Discussion: The Guardian, NBC News and Wausau
Politico:
Republicans play powerless as Trump tariff fears sweep across the globe
Zack Stanton / Politico:   Playbook: Trump's tariff turmoil
Ruxandra Iordache / CNBC:
China to impose 34% retaliatory tariff on all goods imported from the U.S.
Ian Haworth / Washington Examiner:
At least Trump's swarm of sycophants supports his tariffs
Alexandra Hutzler / ABC News:
Trump says it could take 2 years before tariffs result in American manufacturing boom
Discussion: New Republic, Reuters and Roll Call
Associated Press:
How Trump's latest tariffs could affect your wallet
Wall Street Journal:
Trump and His ‘Little Disturbance’ From Tariffs
Ellen Nakashima / Washington Post:
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 …
RELATED:
Julian E. Barnes / New York Times:
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 …
Nikki McCann Ramirez / Rolling Stone:
Trump Shares Video About How He Is ‘Purposely Crashing the Stock Market’  —  Several close allies of the president told Rolling Stone they were “at a loss for words” when asked about the video … Economists are warning that the president's actions are putting not just the United States …
Discussion: Forbes, Raw Story and Mediaite
RELATED:
Jeff Cox / CNBC:
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 …
Neil Irwin / Axios:
Fed's Powell steady on rates, warns on inflation as Trump demands cut
Jennifer Scholtes / Politico:
Budget experts of all stripes howl about Senate Republicans' price tag ‘abuse’  —  Senate GOP leaders claim they have the power to assert their own price tag for their “big, beautiful bill” to pass President Donald Trump's agenda.  Off Capitol Hill, unlikely allies are sounding the alarm.
Discussion: NOTUS and National Review
RELATED:
Catherine Rampell / Washington Post:
The GOP has an Orwellian solution to pay for Trump's tax cuts
Discussion: NBC News
Ben Quinn / The Guardian:
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.
Holly Otterbein / Politico:
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.
William Kristol / The Bulwark:
The Lamps Are Going Out Around Us  —  Another three-percent pummeling for Dow futures this morning on the heels of China's announcement of retaliatory tariffs against the United States—looks like we're shaping up for another fun day on the stock market.  Happy(?) Friday.  —  It All Falls Apart
RELATED:
Jonathan V. Last / The Bulwark:
The American Age Is Over  —  1. Canada  —  Fittingly, it was the Canadian prime minister …
Discussion: Lawyers, Guns & Money and Reuters
Ethan Gach / Kotaku:
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 …
NPR:
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.
Discussion: Daily Kos and MBA
S.V. Date / HuffPost:
Trump Skips Return Of Dead U.S. Soldiers To Play Golf And Boost His Business Instead  —  The four Army soldiers died in a training exercise in Lithuania.  Trump chose to attend his personal business partners' dinner Thursday and play golf Friday.  —  WASHINGTON - President Donald Trump skipped …
RELATED:
CNN:
South Korea's impeached president is removed from office, four months after declaring martial law  —  South Korea's highest court has removed embattled President Yoon Suk Yeol from office, ending months of uncertainty and legal wrangling after he briefly declared martial law in December and plunged the nation into political turmoil.
RELATED:
Michelle Ye Hee Lee / Washington Post:
South Korean court removes president from office, says he violated duties
Andrew Freedman / Axios:
Canceled contract means NOAA research websites slated to go dark  —  The early cancellation of an Amazon Web Services contract means that a slew of NOAA websites are slated to go dark beginning at midnight, sources told Axios.  —  Why it matters: This mainly would affect NOAA's research division …
Discussion: Bloomberg
Siddarth S / Reuters:
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.
Yair Rosenberg / The Atlantic:
Trump's Jewish Cover Story … The Trump administration wants you to know that it's just looking out for Jews.  In recent weeks, the White House has cited anti-Semitism as the motivation for many of its controversial moves, whether deporting foreign students who allegedly engaged …
Jill Lepore / New York Times:
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.
 
 
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 More Items: 
Kyle Cheney / Politico:
Trump's top prosecutor in Washington compares Jan. 6 charges to Japanese internment
Discussion: Mother Jones and Reuters
Samantha Cole / 404 Media:
Massive, Unarchivable Datasets of Cancer, Covid, and Alzheimer's Research Could Be Lost Forever
Adrian Carrasquillo / The Bulwark:
Will Trump Invoke the Insurrection Act of 1807 Next?
Wall Street Journal:
Americans Rush to Buy TVs, Soy Sauce, Lululemon Workout Gear
Samantha Hancox-Li / Liberal Currents:
The New Gender Synthesis  —  The new right is a great purveyor of images.
Jason Wilson / The Guardian:
Wisconsin recipient of $1m from Musk was active in Republican campaigning
 Earlier Items: 
Reuters:
Trump layoffs begin to erode FDA drug review system
Discussion: New York Times
Charlie Savage / New York Times:
Trump Sidelines Justice Dept. Legal Office, Eroding Another Check on His Power
Lisa Rein / Washington Post:
Social Security faces thousands more job cuts even with service in tailspin
Public Notice:
“Elbows up,” explained by a Canadian
Discussion: RedState and Washington Examiner
Richard Cowan / Reuters:
US Senate Republican calls top Democrat Chuck Schumer ‘Fuhrer’
 

 
From Mediagazer:

Andrew Goudsward / Reuters:
A US judge orders the White House to lift access restrictions imposed on the AP while the AP's lawsuit moves forward

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

Josh Xiao / Bloomberg:
Two influential Chinese bloggers say China is considering a ban on Hollywood movies as part of a set of measures to retaliate against Trump's tariffs
 
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