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Will Trump’s tariff chaos be China’s gain in global trade wars?
As China retaliates against tariffs, it is also making strategic manoeuvres on EU and Asia to maximise opportunities. On the basis of Napoleon’s dictum “never interrupt your enemy while they are ...The Guardian - 17h -
Trump’s Tariffs Could Impact Apparel Companies That Make Clothing in the U.S.
Even companies that make clothing in America aren’t feeling great about stiff duties on their overseas competition.The New York Times - 16h -
Trump Team Divided Over Future of U.S. Embassy in Somalia
Some State Department officials have proposed closing the embassy in Mogadishu, the Somali capital, as a precaution after recent gains by Al Shabab militants.The New York Times - 17h -
Florida to charge man already jailed for attempted Trump assassination
Florida's attorney general said Ryan Routh will face additional state terrorism and attempted murder charges.CBS News - 18h -
House GOP adopts Trump budget plan after conservatives fold
The vote was initially delayed amid conservatives' concerns about the level of spending cuts.CBS News - 15h -
Trump Deploys Justice Dept. to Scrutinize Ex-Officials and Perceived Foes
A presidential decree instructing the Justice Department to scrutinize whether a former official broke the law crosses a new line.The New York Times - 13h -
Trump tariffs raise costs, business risks for NYC garment companies
"A Veronica Beard jacket was $800. Now it's going to be $1,000," one New York City fabric importer said.CBS News - 13h -
Watch: Trump's tariff pause surprised almost everyone - was it really his plan?
News of the US president's plan to halt higher-band taxes came as a surprise on Wednesday, but was it part of a plan?BBC News - 13h -
Asia’s emerging nations squeezed by Trump tariffs and China’s retaliation
Stock markets of Taiwan, Thailand and Vietnam deep in the red this year, despite rallying after reprieve on tariffsFinancial Times - 12h -
India rebuffs China’s BYD as Trump trade war creates openings
Also in this newsletter, ecommerce companies head to small towns and RBI cuts the repo rateFinancial Times - 10h -
Switzerland seeks closer EU ties in response to Trump shock
Swiss president to attend informal EU finance ministers’ meeting for the first time, alongside British chancellorFinancial Times - 8h -
The big lesson for Europe? Trump backed down under pressure | Alexander Hurst
The EU neither ‘kissed ass’ nor unleashed its most powerful trade weapon. Now it must provide the world with an alternative to US chaos. . . My condolences to everyone who spent days trying to play ...The Guardian - 8h -
Dollar and Treasuries sell off as Trump’s China tariffs spook investors
Scale of US levies on Chinese goods deepens recession fearsFinancial Times - 6h -
Dollar and Treasuries sell off as Trump’s China tariffs spook investors
Scale of US levies on Chinese goods deepens recession fearsFinancial Times - 6h -
Why Iran’s Supreme Leader Came Around to Nuclear Talks With Trump
Top Iranian officials pressed the country’s leader to reverse his position, arguing that the risk of war with the United States and the worsening economic crisis could topple the regime.The New York Times - 3h -
‘This Mindless Flailing Creates Recessions’: Four Economists Dissect Trump’s Tariffs
The most dramatic effort to remake the post-World War II trade system was underway — until it wasn’t.The New York Times - 3h -
Trump administration to refer Maine to DoJ over transgender participation in sports
The deadline has arrived for Maine officials to reach a resolution with the U.S. Education Department over a finding that the state violated antidiscrimination laws by allowing transgender athletes ...ABC News - 4h -
She’s Young, Trump-Friendly, and Has a White House Press Pass
Natalie Winters, a protégée of Stephen Bannon, belongs to a newly high-profile contingent of West Wing reporters.The New York Times - 3h -
Why Iran’s Supreme Leader Came Around to Nuclear Talks With Trump
Top Iranian officials pressed the country’s leader to reverse his position, arguing that the risk of war with the United States and the worsening economic crisis could topple the regime.The New York Times - 3h -
Trump’s New Plan for Social Security Death List, and China’s Counterattack on Tariffs
Plus, Hollywood stunts in the spotlight.The New York Times - 2h -
Why Trump's tariffs won't push China and Europe closer
China and the European Union are unlikely to become close allies even as relations between the EU and the White House could sour.CNBC - 1h -
Ask Shrimsley: How can I learn from Trump’s trade war?
Neighbours have been taking advantage of my generous nature for far too long: it’s time for tariffsFinancial Times - 2h -
FirstFT: Sell-off resumes as China retaliates to Trump’s latest tariff rise
Also in today’s newsletter, OpenAI slashes AI model safety testing time and Pentagon terminates $4bn of consultancy contractsFinancial Times - 1h -
China Raises Tariffs on U.S. Imports to 125%, Calling Trump’s Policies a ‘Joke’
Beijing’s retaliation came after the White House ratcheted up its tariff on Chinese goods to 125 percent, on top of an existing 20 percent tax.The New York Times - 31m -
Warren Urges S.E.C. to Investigate Trading Around Trump’s Tariff Pause
The president told his social media followers it was a “GREAT TIME TO BUY” hours before announcing a reversal on tariffs that sent markets soaring.The New York Times - 41m -
Markets Worry About Finding an Exit From Trump’s Trade Fight
Investors are concerned about the continued escalation of the U.S.-China tariff battle — and the state of the president’s negotiating leverage.The New York Times - 33m -
Apr 2: CBS News 24/7, 4pm ET
Michigan auto industry braces for Trump’s 25% tariffs on imported car and auto parts; Trump announces 10% tariff on all countries and additional specific reciprocal tariffs on “worst offenders”CBS News - 13h -
Something Else for Europe and the U.S. to Disagree About: ‘Free Speech’
The two have long been divided on whether speech can be restricted, and when. Under the Trump administration, the gap is widening.The New York Times - 3d -
Justice Dept. Disbands Cryptocurrency Enforcement Unit
The Trump administration is dialing back its enforcement of cryptocurrency, and criticizing Biden-era prosecutions.The New York Times - 2d -
Tariff Uncertainty Is Freezing M&A and Dealmaking. It May Not Thaw for a While
Trump may have paused ‘reciprocal’ tariffs on most countries for now, but continued uncertainty has been freezing mergers and acquisitions.Inc. - 1d -
CNBC and Fox Business See Viewership Soar Amid Market Chaos
Viewership of Fox Business and CNBC has soared since President Trump’s tariffs created chaos in the global economy.The New York Times - 1d -
Market Madness, Manufacturing, and the Liberation Day of It All
Donald Trump’s tariff announcements are roiling the markets. On this week’s special episode of Uncanny Valley, we break it all down.Wired - 1d -
4/9: CBS Evening News Plus
What's next for global trade after Trump's tariff pause; Reporter's Notebook: The formula for serving a higher purposeCBS News - 1d -
Can Britain Be a ‘Sensible, Stable’ Haven in Trade War? Some See Potential.
The country faces several economic challenges but so far has avoided the worst of the turmoil afflicting targets of President Trump’s anger.The New York Times - 1d -
4/9: CBS Evening News
Stock market sees historic rally after Trump pauses reciprocal tariffs; Uber's most interesting lost and found itemsCBS News - 1d -
U.S. dollar index suffers biggest drop since 2022, hits new low for the year
The dollar has fallen since President Donald Trump announced new tariffs last week.CNBC - 16h -
Apr 10: CBS News 24/7, 1pm ET
President Trump holds a Cabinet meeting at the White House; House lawmakers approve key budget resolution.CBS News - 14h -
Tensions arise over Speaker Mike Johnson's efforts to bring Rep. Elise Stefanik back into the fold
After Trump pulled Stefanik’s nomination to be U.S. ambassador to the U.N., Johnson faces a conundrum on how to place her on a key committee.NBC News - 12h -
Inflation rate rose by 2.4% last month, showing cooling prices
Inflation cooled in March, but economists expect prices to reaccelerate as some of President Trump's tariffs kick in.CBS News - 11h -
Stocks plummet a day after huge gains on tariff pause announcement
Trade tensions remain high despite President Trump's decision on Wednesday to temporarily freeze U.S. tariffs on dozens of countries.CBS News - 11h