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2:00 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.
Washington Post:
Inside President Trump's whirlwind decision to blow up global trade  —  Why did Trump impose tariffs?  Inside the advice that shaped his decision.
Discussion: PoliticusUSA
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.
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.
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
Dharna Noor / The Guardian:
‘Oligarchy’: Trump exempts big oil donors from tariffs package
Rebecca Robbins / New York Times:
Trump's Next Tariffs Target Could Be Foreign-Made Medicines
Discussion: Forbes
Nate Silver / Silver Bulletin:
Wall Street thinks Trump's tariffs will eat Main Street alive
Ruxandra Iordache / CNBC:
China to impose 34% retaliatory tariff on all goods imported from the U.S.
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
Ian Haworth / Washington Examiner:
At least Trump's swarm of sycophants supports his tariffs
Jamie Joseph / Fox News:
SCOOP: Newsom asks world leaders to exempt California exports from retaliatory 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 …
RELATED:
Neil Irwin / Axios:
Fed's Powell steady on rates, warns on inflation as Trump demands cut  —  Federal Reserve chair Jerome Powell said Friday that bigger-than-expected tariffs will translate into higher inflation and slower economic growth — and that the higher inflation could be persistent, not temporary.
Jeff Cox / CNBC:
Powell sees tariffs raising inflation and says Fed will wait before further rate moves
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.
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: Punchbowl News, The Hill and NBC News
Politico:
Republicans play powerless as Trump tariff fears sweep across the globe
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.
Carolina Journal:
Appeals Court orders new vote calculations in NC Supreme Court election dispute  — The North Carolina Court of Appeals split, 2-1, in ordering the state elections board to recalculate vote totals in the disputed 2024 state Supreme Court election.  — Voters with incomplete registration records …
RELATED:
Matt Cohen / Democracy Docket:
NC Voters Must Fix Ballots in 15 Days, Court Rules
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 …
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
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
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
Kyle Cheney / Politico:
Trump's top prosecutor in Washington compares Jan. 6 charges to Japanese internment  —  Ed Martin says he is expanding a review of obstruction charges against Jan. 6 defendants, which began during the first Trump administration.  —  The Trump administration's top prosecutor in Washington …
Discussion: Reuters
RELATED:
Mother Jones:   Top Prosecutor Spoke at Event Attended by January 6 Seditionists Who Are Appealing Their Convictions
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.
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:
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.
Samantha Cole / 404 Media:
Massive, Unarchivable Datasets of Cancer, Covid, and Alzheimer's Research Could Be Lost Forever  —  Almost two dozen repositories of research and public health data supported by the National Institutes of Health are marked for “review” under the Trump administration's direction …
Zach Schonfeld / The Hill:
Judge finds FEMA withholding grants in violation of court order  —  A federal judge Friday ordered the Federal Emergency Management Agency (FEMA) to disburse millions of dollars of grants to Democratic-led states, finding the administration's withholding of the funds breached his previous ruling.
Discussion: Reuters and Scientific American
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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 More Items: 
Bloomberg:
Stocks Hit Session Lows in Second Day of Tariff Turmoil
Sarah Elaine Harrison / Default:
A ‘Sweeping Overhaul’ of the JAG Corps Poses Likely Dangers
Diane Harris / New York Times:
How to Protect Your Retirement Savings Now as Markets Plunge
Adrian Carrasquillo / The Bulwark:
Will Trump Invoke the Insurrection Act of 1807 Next?
Discussion: Civil Discourse …
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
 Earlier Items: 
Samantha Hancox-Li / Liberal Currents:
The New Gender Synthesis  —  The new right is a great purveyor of images.
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’
Michelle Ye Hee Lee / Washington Post:
South Korean court removes president from office, says he violated duties
 

 
From Mediagazer:

Todd Spangler / Variety:
Netflix reports Q1 revenue up 12.5% YoY to $10.54B, vs. $10.51B est., net income of $2.89B, and stops reporting subscriber numbers on a quarterly basis

Ted Johnson / Deadline:
A federal judge declines the AP challenge to the WH eliminating wire service pool slots, calling the policy “neutral” as it does not punish the AP specifically

Jeremy Barr / @jeremymbarr:
[Thread] Columbia University is cutting ties with Sewell Chan, Columbia Journalism Review editor since June 2024; Betsy Morais will serve as interim director
 
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