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12:50 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.
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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.
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.
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.
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.
South China Morning Post:
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 …
CNBC:
Dow drops 1,400 points, Nasdaq set to close in bear market as Trump tariff sell-off worsens: Live updates
Ian Haworth / Washington Examiner:
At least Trump's swarm of sycophants supports his tariffs
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
Alexandra Hutzler / ABC News:
Trump says it could take 2 years before tariffs result in American manufacturing boom
Discussion: Reuters, New Republic and Roll Call
Rebecca Robbins / New York Times:
Trump's Next Tariffs Target Could Be Foreign-Made Medicines
Discussion: Forbes
Ruxandra Iordache / CNBC:
China to impose 34% retaliatory tariff on all goods imported from the U.S.
Wall Street Journal:
Trump and His ‘Little Disturbance’ From Tariffs
Dana Milbank / Washington Post:
The economy. The Constitution. Is there anything Trump won't destroy?
Discussion: Raw Story
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 …
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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 …
CNN:
Trump administration fires director of National Security Agency
Discussion: NPR, DefenseScoop and KTVZ-TV
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 …
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Nikki McCann Ramirez / Rolling Stone:
Trump Shares Video About How He Is ‘Purposely Crashing the Stock Market’
Discussion: Raw Story and Mediaite
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
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Jonathan V. Last / The Bulwark:
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.
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 …
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.
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Michelle Ye Hee Lee / Washington Post:
South Korean court removes president from office, says he violated duties
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
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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
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 …
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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.
Samantha Hancox-Li / Liberal Currents:
The New Gender Synthesis  —  The new right is a great purveyor of images.  Our new Secretary of Defense revels in taking off his shirt and displaying his tattooed, muscular chest.  Andrew Tate is much the same, but poses with a cigar and a raw steak while he lectures millions of young men about the right way to treat a woman.
 
 
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 More Items: 
Andrew Freedman / Axios:
Canceled contract means NOAA research websites slated to go dark
Discussion: Bloomberg
Adrian Carrasquillo / The Bulwark:
Will Trump Invoke the Insurrection Act of 1807 Next?
Mother Jones:
Top Prosecutor Spoke at Event Attended by January 6 Seditionists Who Are Appealing Their Convictions
Discussion: Reuters
Wall Street Journal:
Americans Rush to Buy TVs, Soy Sauce, Lululemon Workout Gear
Scott Horsley / NPR:
The job market remains incredibly healthy — but the tariff storm could upend things
Jason Wilson / The Guardian:
Wisconsin recipient of $1m from Musk was active in Republican campaigning
Reuters:
Trump layoffs begin to erode FDA drug review system
Discussion: New York Times and Washington Post
 Earlier Items: 
Mike Scarcella / Reuters:
US judge to hear lawsuit of man deported to El Salvador in error
Discussion: CBS News, KTVZ-TV and USA Today
Charlie Savage / New York Times:
Trump Sidelines Justice Dept. Legal Office, Eroding Another Check on His Power
Axios:
Dozens of anti-Trump protests planned across Colorado on Saturday
Discussion: USA Today
Lisa Rein / Washington Post:
Social Security faces thousands more job cuts even with service in tailspin
Richard Cowan / Reuters:
US Senate Republican calls top Democrat Chuck Schumer ‘Fuhrer’
Discussion: Plain Dealer
Max Kozlov / Nature:
Exclusive: Trump White House directs NIH to study ‘regret’ after transgender people transition