memeorandum: Among some Ariz. retirees, views on Trump tariffs split along party lines (Yvonne Wingett Sanchez/Washington Post)

8:50 AM ET, April 7, 2025

Top Items:

After a Blowout Week, Wall Street Decision Makers Brace for More Chaos — The financial titans who backed Trump are now dealing with the fallout from his tariffs. They spent the weekend surveying the damage of last week's major sell-off. — There was little rest on Wall Street this weekend.

Discussion: Reuters, Bloomberg and Fortune, more at Mediagazer »

Dan Diamond / Washington Post:

As the markets fell, Trump putted — The stock markets have lost more than $6 trillion in value since Trump imposed sweeping tariffs. But on Sunday the president won — at golf. — OUTSIDE TRUMP NATIONAL GOLF CLUB, JUPITER — The stock markets have lost more than $6 trillion …

Discussion: Associated Press

Rolling Stone:

Trump to America as Markets Crash: ‘Sometimes You Have to Take Medicine’ — The president said Sunday he is not deliberately tanking the markets, as U.S. market futures dropped again following his tariff announcement — Donald Trump said Sunday he is not deliberately tanking the stock market …

CNBC:

Dow futures fall 1,500 points Sunday as Trump tariff market rout escalates: Live updates — U.S. stock futures dropped on Sunday evening as the White House remained defiant even after a two-day historic stock market rout that followed President Donald Trump's rollout of shockingly high tariff rates on most key U.S. trading partners.

Discussion: UPI, Bloomberg, Fortune, Mediaite, VINnews and Wausau

Focus Taiwan:

Taiwan shares suffer steepest daily decline amid Trump tariff scare — Taipei, April 7 (CNA) Shares in Taiwan saw their steepest daily decline in history Monday, falling more than 2,000 points, as investor sentiment was hurt by U.S. President Donald Trump's tariff actions announced last week, dealers said.

Discussion: Al Jazeera, more at Techmeme »

Wall Street Journal:

U.S. Stock Futures, Nikkei Plunge as Tariff Turmoil Deepens — Oil prices and Treasury yields also fell as President Trump stood firm on imposing tariffs that investors fear will clobber the global economy — More pain appears to be in store for markets after their worst week to start a quarter since 2008.

Discussion: Associated Press, Reuters and Lawyers, Guns & Money

Elaine Kurtenbach / Associated Press:

World markets plunge, with Japan's Nikkei diving nearly 8%, after the big meltdown on Wall St — Shares nosedived around the world Monday as higher U.S. tariffs and a backlash from Beijing triggered massive sell-offs. European shares followed Asian markets lower, with Germany's DAX falling 6.5% to 19,311.29.

Discussion: The Hill, Washington Examiner, The Guardian, WHDH-TV and Associated Press

Associated Press:
Trump says he's not backing down on tariffs, calls them ‘medicine’ as markets reel

Discussion: Washington Examiner, NBC News, Associated Press, Twin Cities, Reuters, New York Post, CBS News, Noahpinion, NH Journal, Washington Times, Boston Herald, CNBC, The Hill, The Independent, Wausau, Bloomberg, WISH-TV, Al Jazeera and Fortune

Jack Blanchard / Politico: Golfing while the world burns

Ben Berkowitz / Axios:
Ackman warns of “economic nuclear winter” from Trump's tariffs

Discussion: Paul Krugman, New York Times, VINnews, Wall Street Journal, Politico, Notes From The Circus, Bloomberg, USA Today, New York Magazine, Mediaite, City A.M., Reuters, ABC News, The Independent and Wausau, more at Techmeme »

Washington Post: Tariffs are taxing GOP unity

Wall Street Journal: Trump, Unbowed, Is Enacting Change on Scale Rarely Seen Before

Punchbowl News: 4/7/25 ☀️ AM: … Steel yourself for a week of chaos.

Meagan Flynn / Washington Post: D.C. remains in financial limbo as House delays budget fix

Noah Berlatsky / Public Notice:
Trump's tariffs insanity begins to fracture the MAGA cult

Discussion: Bloomberg

Amala Balakrishner / CNBC:
Hong Kong's Hang Seng plunges nearly 10%, mainland's China CSI 300 slumps about 5% on trade war worries

Discussion: Reuters, The Gateway Pundit and NBC News

Graig Graziosi / The Independent:
Musk again distances himself from Trump tariffs by scoffing at Lutnick's attempt to explain duties on penguin island

Discussion: Al Jazeera, New York Post, Business Insider, Washington Times, Washington Examiner, Forbes, Axios, The Gateway Pundit, Mother Jones, USA Today, Raw Story, CNN and The Independent

Wall Street Journal: The First Victim of Trump's Trade War: Michigan's Economy

Tanaya Macheel / CNBC:
Trump says he doesn't want stocks to go down, ‘but sometimes you have to take medicine’

Discussion: Axios, Al Jazeera and Business Insider

Wall Street Journal:
Wall Street Starts to Speak Out Against Trump's Tariffs

Discussion: Wide World of News and Bloomberg

Meredith Lee Hill / Politico:
Johnson and Trump scramble to show agenda progress amid market plunge

Discussion: The Hill, Los Angeles Times, Roll Call and One America News Network

Ian Swanson / The Hill:
Bill Ackman warns Trump to call a timeout on trade war: ‘This is not what we voted for’

Discussion: Daily Mail, New York Daily News, New York Post, Human Events, Washington Post and Bloomberg

Hakyung Kim / CNBC:
Commerce Secretary Lutnick doesn't back down in face of market sell-off: ‘The tariffs are coming’

Discussion: CBS News, Politico, The Independent, Washington Examiner, New York Post, Washington Times and Axios

CNN:
Dow futures tumble as the massive market sell-off continues

Discussion: Reuters and Wausau

Cecilia Vega / CBS News:

Trump administration deports gay makeup artist to prison in El Salvador — Andry Hernandez Romero, a gay makeup artist who came to the United States last year in search of asylum, is one of 238 Venezuelan migrants who were flown from the U.S. to a maximum security prison in El Salvador three weeks ago.

Discussion: WISH-TV

Cecilia Vega / CBS News:

U.S. sent 238 migrants to Salvadoran mega-prison; documents indicate most have no apparent criminal records — Three weeks ago, 238 Venezuelan migrants were flown from Texas to a maximum security prison in El Salvador. — That country's president offered to take them and the Trump administration used …

Discussion: The Bulwark

Associated Press:

Judge says deportation of Maryland man to an El Salvador prison was ‘wholly lawless’ — The U.S. government's decision to arrest a Maryland man and send him to a notorious prison in El Salvador appears to be “wholly lawless,” a federal judge wrote Sunday in a legal opinion explaining …

Discussion: Fox News, New York Times, Civil Discourse …, The Hill, Townhall, The Guardian, Associated Press, Rolling Stone, New York Daily News, Washington Examiner, Axios, CBS News, Politico and RedState

Carolyn Y. Johnson / Washington Post:

NIH scientists have a cancer breakthrough. Layoffs are delaying it. — A big step forward in cancer therapy has been slowed by layoffs and new restrictions at the National Institutes of Health, where it was developed.

Christian Paz / Vox:

Trump's tariffs risk destroying his winning coalition — As markets tank and the prospect of higher prices becomes more real, the future of President Donald Trump's winning coalition might be on a precipice, too. — Trump's tariff policy, unpopular with the American public in general …

Yvonne Wingett Sanchez / Washington Post: Among some Ariz. retirees, views on Trump tariffs split along party lines

David Goldman / CNN:

Jamie Dimon sounds the alarm bell on tariffs — JPMorgan CEO Jamie Dimon has issued a blunt warning about President Donald Trump's tariff policy: It threatens to raise prices, drive the global economy into a downturn and weaken America's standing in the world.

Discussion: NBC News, Bloomberg and City A.M., more at Techmeme »

Molly Young / Oklahoman:

Sen. Mullin suggests ‘fake news’ would decline if violence could ‘still’ settle disputes — Journalists would write fewer “fake news” stories if disputes over coverage could be handled through violence, U.S. Sen. Markwayne Mullin suggested on social media. — In a video posted over the weekend …

Discussion: Reuters, The Gateway Pundit and Times-Standard

Megan Lebowitz / NBC News:
Republican senator floats using violence against journalists who report ‘fake news’

Discussion: The Independent

Sam Mednick / Associated Press:

Israel controls 50% of Gaza after razing land to expand its buffer zone — Israel has dramatically expanded its footprint in the Gaza Strip since relaunching its war against Hamas last month. It now controls more than 50% of the territory and is squeezing Palestinians into shrinking wedges of land.

Discussion: Reuters and Associated Press

Danny Nguyen / Politico:

Kennedy announces support for measles vaccine amid outbreak — The statement is a surprising turn for the health secretary and comes amid reports of a second child's death. — Health Secretary Robert F. Kennedy Jr., who spent years promoting debunked theories and sowing doubts about the safety …

Discussion: STAT, The Hill, Daily Mail, Scientific American, Fox News, One America News Network, Axios, Washington Examiner, WAGA-TV, New York Daily News, Hollywood Life, Forbes, Reuters, UPI, NBC News and New York Times

Tom Sherwood / Washington City Paper:

Trump Will Get His Showy (And Likely Expensive) Military Parade in D.C. — President Donald Trump for years has lusted after a big military parade over which he could preside—just like he sees leaders do in other mostly authoritative countries. — During his first term in 2018 …

Discussion: Raw Story

Maeve Reston / Washington Post:

Democrats launch new ‘war room’ to counter Trump and Republicans — The effort includes working with influencers who can connect with hard-to-reach voters and comes as Democratic voters urge leaders to fight harder against the Trump administration. — Just now