Latest in Market Rout Trump
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Khanna on Trump White House: ‘They need to have a 21st century understanding of the economy’
The Silicon Valley Democrat said the president’s tariff policies are “chaotic” and will hike prices without reestablishing manufacturing jobs.Politico - 3d -
Trump Moves to Put New Tariffs on Computer Chips and Drugs
Citing a national security statute, the administration has begun a process to investigate the impact of imported semiconductors and pharmaceuticals.The New York Times - 2d -
Trump’s Trade War With China Could Be Good for India. But Is It Ready?
While India dreams of becoming a new factory to the world, its manufacturers are struggling to find skilled workers, secure components and overcome red tape.The New York Times - 1d -
Trump’s Short Circuit on Electronics Tariffs Leaves Business Owners Confused
White House reversals on specific import duties are giving companies whiplash, which may get worse as the administration prepares entirely new tariffs for crucial products.Inc. - 1d -
Trump Tariffs Could Raise iPhone Prices, But Affordable Options Remain
Even if gadget prices surge, we have plenty of cheaper options, like buying last year’s phone model instead of the latest and greatest.The New York Times - 1d -
Trump questions Harvard's tax-exempt status after funding freeze
The federal government has frozen $2.2 billion in funding for the Ivy League school.CBS News - 1d -
How Trump Might Unwittingly Cut Emissions From Online Shopping
Fast fashion retailers rely heavily on shipping by air. The president’s tariffs could change that.The New York Times - 1d -
Rosie O’Donnell on Ireland, Trump and Her New Hulu Documentary
She’s moved to Ireland. She’s befriended a Menendez brother, and she’s making documentaries. What’s next?The New York Times - 1d -
6 times the Trump administration has clashed with opponents over court orders
The clashes range from unilaterally freezing federal funding to the use of the Alien Enemies Act to deport noncitizens.ABC News - 1d -
US ‘paradise’ base on alert as Europe braces for Trump’s Nato cuts
Key to alliance’s anti-missile shield, Rota is among 38 bases across Europe at risk of a withdrawal by WashingtonFinancial Times - 22h -
Will Trump's tariffs crash TV's spring ad-selling party?
The timing of an economic downturn could lead to companies cutting their ad budgets.Los Angeles Times - 16h -
Trump tariff war to slash North American exports by 13%, warns WTO
Ngozi Okonjo-Iweala says US-China trade conflict could ‘force countries to choose’ between the twoFinancial Times - 13h -
Trump’s Tariff Threat for Drug imports Poses Big Political Risks
Levies on Americans’ daily prescriptions and other medicines could raise costs, spur rationing and lead to shortages of critical drugs.The New York Times - 13h -
Gavin Newsom says California to sue over Trump tariffs
State governor argues duties will lead to job losses and higher pricesFinancial Times - 13h -
Nvidia blindsided by Trump’s curbs in multibillion-dollar blow to China sales
US chipmaker reveals $5.5bn impairment, while full hit to China revenues could surpass $10bnFinancial Times - 10h -
US consumers rushed to buy cars ahead of Trump’s auto tariffs
Vehicle sales jump in March before implementation of steep leviesFinancial Times - 10h -
US judge says Trump administration could be in contempt over deportation flights
The US government is accused of "wilful disregard" of a ruling blocking the deportation of 200 individuals to El Salvador.BBC News - 7h -
Trump DOJ sues Maine in standoff over transgender athletes in women's sports
It alleges Maine’s policy allowing transgender athletes violates Title IX.ABC News - 8h -
Wall Street trading desks are feasting on the volatility from Trump’s global upheaval
The six biggest U.S. banks put up $16.3 billion in stock trading revenue, 33% more year over year and higher than the 2020 pandemic or the 2008 financial crisis.CNBC - 9h -
Nissan aims to 'max out' U.S. production plant amid Trump's tariffs
Nissan 6-million-square-foot facility in Smyrna, Tennessee, is capable of producing 640,000 vehicles a year on three shifts, Meunier said.CNBC - 7h -
Trump’s Tariffs Could Hit You in an Unexpected Place: Your Vinyl Collection
Volatility and anti-American resentment are already hurting the niche vinyl industry, but a little-known law could help it survive.Wired - 7h -
Two judges consider holding Trump admin in contempt for defying court orders
NBC News Senior White House Correspondent Kelly O'Donnell and Legal Affairs Reporter Gary Grumbach join Meet the Press NOW as a Washington, D.C. federal judge and a Maryland district judge weigh ...NBC News - 6h -
Trump Aides Close State Dept. Office on Foreign Disinformation
Secretary of State Marco Rubio put about 40 employees on leave who had tracked disinformation by China, Russia, Iran and terrorist groups.The New York Times - 9h -
US engaging on global tax deal despite Trump’s defiance, OECD says
Landmark agreement to reform corporate tax for tech and multinationals is struggling to move forwardFinancial Times - 8h -
Aboard the 'silver train', China's retirees do their bit to offset Trump's tariffs
A new initiative aims to boost the local economy by attracting elderly travellers to remote parts of the country.BBC News - 2h -
Trump Administration Halts Building of Giant Wind Farm Off N.Y. Coast
Gov. Kathy Hochul quickly responded that she would “fight this decision every step of the way.”The New York Times - 3h -
Bernie Sanders and AOC Inject New Anti-Trump Energy Into the Democratic Party
Bernie Sanders and his apparent heir, Alexandria Ocasio-Cortez, have drawn enormous crowds on their “Fighting Oligarchy” tour, energizing a beaten-down Democratic Party.The New York Times - 5h -
Trump Administration Directs Judges to Deny Asylum Without Hearings
A directive from the Justice Department, which says the move is intended to reduce a backlog in immigration court, would result in rapid deportation orders in many cases.The New York Times - 4h -
Trump Waved Off Israeli Strike After Divisions Emerged in His Administration
Israel developed plans for attacking Iranian nuclear facilities that would have required U.S. assistance. But some administration officials had doubts.The New York Times - 2h -
Trump’s Threats Force Powerful Institutions to Choose: Cut a Deal or Resist
In a hint of a shift in strategy, some of the country’s most powerful institutions have started choosing to resist.The New York Times - 3h -
Judge finds 'probable cause' Trump administration is in criminal contempt
Federal judge James Boasberg slammed the government for failing to comply with his court order to temporarily halt removal flights to El Salvador. He wrote “probable cause exists to find the ...NBC News - 3h -
Parents are ‘hunkering down financially’ to brace for Trump tariff impact
American families are cutting back on summer camps and vacations and delaying major purchases as they prepare to weather a trade war.MarketWatch - 2h -
FirstFT: Nvidia blindsided by Trump’s new China chip controls
Also in today’s newsletter, US imposes sanctions on Chinese refinery, and China’s strong first-quarter growthFinancial Times - 4h -
Trump administration halts Equinor’s $5bn New York energy project
Move to pause offshore wind plan is latest in White House’s campaign to dismantle Joe Biden’s cleantech strategyFinancial Times - 3h -
Trump Joins Japan Trade Talks, Says ‘Big Progress’ Made
For his first face-to-face talks on tariffs, the president chose Japan, a U.S. ally that decades ago stirred his anger over the unequal balance of trade and his penchant for tariffs.The New York Times - 29m -
Trump Is Relying More on Tattoos to Identify Gang Members. Experts Say That’s Unreliable.
The administration appears to be using little more than body art to deport people that it says are members of Tren de Aragua, a move that critics say ignores decades of protocol.The New York Times - 1h -
What is the future of the Kennedy Center?
President Trump named himself the storied Washington arts center's chairman and replaced board members with Trump allies. Since then, the center has been rocked with cancellations, resignations, ...CBS News - Mar. 30 -
IRS asked to revoke Harvard's tax-exempt status
The Trump administration asked the Internal Revenue Service (IRS) to revoke Harvard University’s tax-exempt status on Wednesday, a day after President Trump suggested the idea. Andrew De Mello, the ...The Hill - 2h -
White House Plan Calls for NOAA Research Programs to Be Dismantled
A Trump administration budget proposal would essentially eliminate one of the world’s foremost Earth sciences research operations.The New York Times - 3d -
JPMorgan’s Jamie Dimon Isn’t Focused on Recession Forecasts
The world’s most powerful banker warned about Trump’s trade war and long-term trends.Inc. - 15h