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11:15 AM ET, April 9, 2025

memeorandum

 Top Items: 
David E. Sanger / New York Times:
Trump's Tariffs Disrupt Global Trade Without a Clear Strategy  —  The global trading system is only one example of the administration tearing something apart, only to reveal that it has no plan for how to replace it.  —  As the breadth of the Trump revolution has spread across Washington in recent weeks …
RELATED:
Jesse Pound / CNBC:
China slaps 84% retaliatory tariffs on U.S. goods in response to Trump  —  China has pushed back again on U.S. President Donald Trump's tariff policies by hiking its levies on U.S. imports to more than 80%.  —  Tariffs on U.S. goods entering China will rise to 84% from 34% starting April 10 …
Rachel Wolf / Fox Business:
Trump reciprocal tariffs, additional China levies take effect  —  White House confirms additional import duties on China as Trump pushes tariffs  —  The Trump administration is hitting China with harsher tariffs after the country failed to meet the president's 12:00 p.m. deadline on Tuesday to lift its retaliatory tariffs.
Reuters:
Has Trump cancelled Christmas?  China's decorations makers report no US orders  —  Chinese producers of plastic Christmas trees and other festive decorations say orders from U.S. clients, which are crucial for their business, should have started to come in by now.  But because of surging import tariffs, they haven't.
Discussion: American Thinker
New York Times:
Live Updates: Markets Slide Further as U.S. Imposes Punishing Tariffs
Nick Timiraos / Wall Street Journal:   Trump's Tariffs Put Fed Chair Powell in a ‘No-Win Situation’
Spencer Soper / Bloomberg:
Amazon Cancels Some Inventory Orders From China After Tariffs
Wall Street Journal:
Trump's New Tariffs Take Effect; China Retaliates; Treasury Prices Fall
Discussion: The Free Press and CBS News
CNN:
China announces 84% retaliatory tariffs on US goods in showdown with Trump
Washington Post:
IRS chief to quit over deal to share data with immigration authorities  —  Melanie Krause clashed with Treasury Department officials who sought to circumvent IRS executives so immigration authorities could access taxpayers' information.  —  The acting head of the Internal Revenue Service plans …
RELATED:
Fatima Hussein / Associated Press:
IRS Acting Commissioner Is Resigning After Deal To Share Immigrants' Tax Information With ICE  —  The Internal Revenue Service's acting commissioner is resigning over a deal to share immigrants' tax data with Immigration and Customs Enforcement.  —  The acting comissioner of the Internal Revenue Service …
William Kristol / The Bulwark:
A Clown in a China Shop  —  A weird split-screen underway this morning: With Liberation Day tariffs slamming in place pretty much everywhere overnight, the wheels are well and truly coming off the economic bus.  J.P. Morgan CEO Jamie Dimon said this morning on Fox News that a recession has become “a likely outcome.”
Reuters:
US IRS chief to quit over deal to share data with immigration officials, report says
Discussion: IJR and The Hill
Jamelle Bouie / New York Times:
Trump's Lust for Power Cannot Be Satiated  —  It is a fool's errand to try to rationalize President Trump's obsession with tariffs.  —  This is not to say that people haven't tried.  There are any number of theories that seek to explain Trump's preoccupation with tariffs and trade wars.
Discussion: PBS NewsHour
RELATED:
CNN:
Trump embraces ‘tailored’ tariff deals as foreign leaders look to sweeten their offers
Martin Wolf / Financial Times:   Trump's tariffs will damage the world
Emese Bartha / Wall Street Journal:
U.S. Treasury Yields Jump as Trump Tariffs Fuel Bond Selloff  —  The increase in long-end Treasury yields prompted a rise in European counterparts, though the selloff in Europe was less intense  —  U.S. Treasury yields continued to surge after President Trump's sweeping duties …
RELATED:
Felix Salmon / Axios:
The bond market plunges as crisis brews  —  The price of U.S. Treasury bonds is plunging, in what Treasury Secretary Scott Bessent on Wednesday called “deleveraging convulsions.”  The effect is to raise borrowing costs just as recession fears spike.  —  Why it matters: The last thing America needed …
Financial Times:
US Treasuries drop for second straight day after weak demand at $58bn auction
Discussion: ING Think and Semafor
NOTUS:
Trump's Tariffs Are Costing Republican Donors.  Will They Cost GOP Campaigns Next?  —  Some major Republican donors are outraged about the president's tariff strategy, which makes midterm fundraising more complicated for the party.  — Copy  —  In the hours before the U.S.'s global …
RELATED:
Heather Cox Richardson / Letters from an American:   April 8, 2025  —  Stocks were up early today as traders put their hopes in Treasury Secretary …
Jennifer Rubin / The Contrarian:   It's Republicans' Fault
New York Times:
Trump Administration Freezes $1 Billion for Cornell and $790 Million for Northwestern, Officials Say  —  The funding pause amid civil rights investigations into both universities sharply escalates the Trump administration's campaign against elite colleges.  —  The Trump administration …
Wall Street Journal:
Dollar Confidence Crisis Is Here, Deutsche Bank Warns  —  The broad selloff in U.S. stocks and bonds, and the continuing decline in the dollar, represents a “simultaneous collapse in the price of all U.S. assets,” analysts at Deutsche Bank said Wednesday.  They warned that “unchartered territory” lies ahead.
Discussion: Bloomberg
David Bauder / Associated Press:
AP wins reinstatement to White House events after judge rules government can't bar its journalists  —  A federal judge ordered the White House on Tuesday to restore The Associated Press' full access to cover presidential events, affirming on First Amendment grounds that the government cannot punish …
Zack Beauchamp / Vox:
Some elite Trump supporters are having regrets.  We asked them why.  —  President Donald Trump's tariffs haven't only demolished trillions in wealth and raised the chance of a global recession.  They've also led some prominent Trump supporters to wonder whether they made a huge mistake.
New York Times:
How Trump Is Putting Law Firms in a No-Win Situation  —  As Willkie Farr & Gallagher learned, cutting a deal with the White House can avert a financially punitive executive order.  But doing so can draw internal rebukes and external criticism.  —  Willkie Farr & Gallagher last week became …
Discussion: Raw Story and The Hill
Bloomberg:
About 90% of Migrants Deported to El Salvador Had No US Criminal Record  — Men were accused of ties to Tren de Aragua criminal gang  — US court records show just a few charges for serious crimes  —  Trump administration officials have described the men deported to El Salvador prisons last month as …
Discussion: NPR, USA Today, UPI and The Hill
Michael M. Grynbaum / New York Times:
Trump White House Won't Respond to Some Journalists Who Display Their Pronouns  —  Some Trump administration officials have declined to answer questions from several journalists on the basis of their email signatures.  —  The Trump administration formally barred federal workers from listing …
Kyle Cheney / Politico:
DOJ: Some Jan. 6 defendants should be repaid money they sent to Congress  —  Prosecutors say those whose convictions were wiped out are entitled to reimbursement of the restitution they paid.  —  Jan. 6 defendants whose convictions were wiped out by President Donald Trump are entitled …
J. David Goodman / New York Times:
Ken Paxton Says He Will Challenge Senator John Cornyn in 2026  —  The announcement by Mr. Paxton, the attorney general of Texas and a firebrand conservative, set up what is expected to be a blockbuster showdown in Texas.  —  Ken Paxton, the attorney general of Texas, officially announced …
Wall Street Journal:
Why Musk vs. Navarro Matters  —  The fight reflects the competing factions in Trump's coalition.  —  Elon Musk opined on the internet Tuesday that White House trade adviser Peter Navarro is “truly a moron” and “dumber than a sack of bricks.”  Mr. Navarro had told a TV show that Mr. Musk …
New York Times:
'Where's Alex?'  A Beloved Caregiver Is Swept Up in Trump's Green Card Crackdown … Alfredo Orellana, 31, was not just a caregiver for Luke Ferris, a 28-year-old with severe autism.  The pair worked out at the gym, got tacos and played video games together.  They exchanged elbow bumps.
Wall Street Journal:
Parents About to Tap 529 College Accounts Can't Wait Out Market Turmoil  —  Ups and downs of stocks matter when it comes time to pull money out  —  Financial professionals say leave your money alone in a roller-coaster market.  Parents with college-age children don't necessarily have that option.
 
 
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 More Items: 
Courtenay Brown / Axios:
Treasury's Bessent says economy “in pretty good shape” amid market rout
Discussion: NOTUS, The Hill and Fox Business
Washington Post:
Kari Lake to be detailed to State Department to dismantle VOA parent agency
Adam Cancryn / Politico:
RFK Jr. vowed to upend American health care. It's happening faster than expected.
Politico:
New wave of Democratic primary challengers bring age problem into focus
Discussion: USA Today
Aaron Ross / Reuters:
South Sudan cholera patients died walking to clinic after US cut aid, charity says
Discussion: Al Jazeera
 Earlier Items: 
John Heilemann / Puck:
The Committee to Crash the World
Discussion: CNN and New York Times
Erin Reed / Erin In The Morning:
17 Montana Republicans Cross Party Lines, Defeat Anti-Trans Bill After Nonbinary Rep's Speech
Shira Stein / San Francisco Chronicle:
DOGE head denies responsibility for mass firings in private group chat message
Discussion: Raw Story
Center for Constitutional Rights:
Video of arrest, new details in Trump administration's case targeting Georgetown postdoctoral fellow Dr. Khan Suri for speech on Palestinian rights
Sara Boboltz / HuffPost:
White House Confirms Trump Is Exploring Ways To ‘Deport’ U.S. Citizens
Marin Scotten / New Republic:
Trump Claims Nazis Treated Jewish Prisoners With “Love”
 

 
From Mediagazer:

Andrew Marchand / The Athletic:
Sources: ESPN and MLB have a deal framework giving ESPN exclusive rights to sell out-of-market regular-season games digitally and in-market games for five clubs

Benjamin Mayo / 9to5Mac:
Apple raises the price of Apple TV+ in the US and some markets globally after previously raising the price in 2023; in the US, the price will rise $3 to $12.99

Dominick Mastrangelo / The Hill:
Two House Democrats sent Paramount a letter on August 20 demanding documents, communications, and answers regarding the Skydance merger approval process

 
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