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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
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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 …
Discussion:
OutsideTheBeltway, Daily Mail, Asia Times and The Hill


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 …
Discussion:
The Independent, Axios, The Hill, NBC News, CBS News, Ace of Spades HQ, Al Jazeera, The Wrap, One America News Network, The Gateway Pundit, The Diplomat, Daily Kos, Hollywood Life, New Republic, Daily Caller News Foundation, Lawyers, Guns & Money, Bloomberg, Florida Politics, Asia Times, Boston Herald, USA Today, Christian Science Monitor, BBC, Washington Times, The Daily Wire and NPR, more at Techmeme »


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

Live Updates: Markets Slide Further as U.S. Imposes Punishing Tariffs
Discussion:
The Hill, Bloomberg, Vox, New Jersey Online, New York Post, Quartz, Fox News, Mediaite, Reuters, CBS News, Wall Street Journal, Fox Business, Al Jazeera and USA Today

Breaking | China fires back with fresh 50% tariff in stern rebuke to Trump's escalation
Discussion:
Politico, Semafor and Daily Mail

Trump threw the economy into chaos because of a bizarre misinterpretation of one statistic
Discussion:
New York Times, Fox Business, NBC News, Al Jazeera, The Dispatch and Yahoo News


Dow futures tumble 700 points as China hits back at Trump's tariffs, Apple shares decline: Live updates
Discussion:
UPI, Quartz and New Republic

Trump reciprocal tariffs, additional China levies take effect
Discussion:
NPR, CBS News, New York Post, RedState, USA Today, Euronews, Fortune, FOX 11 Los Angeles, The Hill, Fox News, The Daily Wire, UPI, Al Jazeera, Tennessee Star, Washington Times, Breitbart, Washington Examiner, Washington Post, Semafor, The Post Millennial, Bloomberg, Reuters, CNN, The Independent, CNBC and MeidasTouch News, more at Techmeme »

EU hits back at Trump, US with tariffs on US goods
Discussion:
Fox Business, Le Monde, Scripps News, Associated Press, Semafor and The Verge

Stocks turn higher as trade war escalates: Live Updates
Discussion:
RedState

‘We are all waiting for a reply.’ Countries say White House hasn't responded on tariff talks.
Discussion:
CNN, Rolling Stone, Forbes, New Republic, The Independent and New York Times

China raises its retaliatory tariff on the US to 84% as it vows to ‘fight to the end’
Discussion:
CNN, MeidasTouch News, CBS News, Washington Examiner, USA Today, Bloomberg, Associated Press, Breitbart, IJR, New York Post, Axios, The Gateway Pundit, CNBC, New Jersey Online, WHDH-TV, RedState, Al Jazeera, The Economist, Fox Business, The Japan Times, The Independent, HotAir, San Diego Union-Tribune, Fortune and The Guardian


How Musk and Trump Are Working to Consolidate Government Data About You — Databases that Elon Musk's team is trying to access include more than 300 personal details about members of the U.S. public. — The federal government knows your mother's maiden name and your bank account number.
Discussion:
Futurism, Bloomberg, Raw Story and Rolling Stone
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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 …
Discussion:
Reuters, Business Insider, Washington Examiner, CNN, ABC News, Townhall, The Independent, The Post Millennial, Politico, Fox Business, C-SPAN.org, New York Post, IJR, Lawyers, Guns & Money, UPI, Mediaite, Wall Street Journal, USA Today, The Hill, Talking Points Memo, Raw Story, CBS News, Breitbart, New York Immigration Coalition, The Guardian, Bloomberg, New Republic, Fox News, Axios and New York Times


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.”
Discussion:
The Hill, New York Magazine, E&E News, The Dispatch, Daily Kos, New York Times and Roll Call


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 …
Discussion:
Bloomberg, Reuters, New York Times, Financial Times, CNBC, Blaze Media, The Guardian, Lawyers, Guns & Money and WKHM-AM
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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 …
Discussion:
New York Times, Bloomberg, Chartbook and Financial Times


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 …
Discussion:
New Jersey Online, No More Mister Nice Blog, Mediaite, Raw Story, Bloomberg, USA Today and The Independent
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Trump and Johnson Appear to Be Losing House GOP Holdouts on the Budget
Discussion:
MeidasTouch News, Politico, Axios, Fox News, The Daily Caller, Associated Press, IJR, Raw Story, The Hill, Washington Times and Washington Examiner


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.


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:
Reuters
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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:
Daily Caller News Foundation, NPR, USA Today and UPI


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 …


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 …
Discussion:
The Hill, The Washington Free Beacon, Axios, Wall Street Journal, Washington Examiner, The Guardian, CNN, Associated Press, The Princetonian, The Daily Caller, UPI, University Statements, The Daily Northwestern, New York Post, Jewish Telegraphic Agency, Syracuse Post-Standard, Mother Jones, Al Jazeera, RedState, Fox News and HotAir


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 …
Discussion:
CNBC, The Hill, Fox News, CNN, Townhall, Reuters, Associated Press, New York Times, Mother Jones, Washington Times, Al Jazeera, Breitbart, IJR, Axios, Deseret News, The Moderate Voice, The Daily Wire, Law & Crime, Newsbusters, Raw Story, The Reporters Committee …, RedState, Reason, Washington Examiner, Variety, Mediaite, Advocate, The Wrap, Deadline, The Independent, CBS News, Politico, The Gateway Pundit, Bloomberg, New York Post and Civil Discourse …, more at Mediagazer »


'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.


Many lawyers who argue for Trump at Supreme Court are heading for the exit — At least half of the front-line attorneys in the solicitor general's office plan to leave, people familiar with the matter said, as Trump's emergency requests pile up at the high court.
Discussion:
Deseret News and Townhall


Fox News, desperate to defend Trump's tariffs, exploits MAGA's masculinity delusions — Right-wing social media has decided soaring inflation will somehow grant them all tradwives — With the stock market plunging and the threat of hyper-inflation bearing down, the propagandists at Fox News are in quite a pickle.
Discussion:
The Guardian, The Atlantic, HuffPost, The Independent and People For


Protecting American Energy From State Overreach — By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: — Section 1. Purpose. My Administration is committed to unleashing American energy …
Discussion:
Politico, The Guardian, U.S. Department of Commerce, Axios, Mother Jones, E&E News, Must Read Alaska, UPI and Washington Examiner


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.


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 …
Discussion:
The Wrap, CNN, Quartz, Fortune, Politico, HuffPost, Associated Press, Reuters, Cafe Hayek, The Independent, The Hill, Daily Mail, Futurism, Washington Times, New York Daily News, Raw Story and Bloomberg