Latest in Trillion Days Trump
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How the EU could boost its defence capabilities with an arms-buyers’ club
Also in this newsletter: Why Meloni holds the keys to the EU response to Trump’s tariffsFinancial Times - 4h -
Trump’s Threatened Tariff on Buyers of Venezuelan Oil Could Squeeze China
Venezuela owes China’s banks about $10 billion, and its oil is about the only legal way it has to pay them back.The New York Times - 3d -
Judge rules Trump administration must fully fund NIH research grants
ByteDance, the Chinese-based company that owns TikTok, is facing a Saturday deadline to either sell the popular social media app to a non-Chinese company or risk being banned in the U.S.NBC News - 2d -
Trump Officials Warn of Tariff Pain as Price Increases Loom and Stocks Tumble
The president’s aides insist the fallout will be short and ultimately result in a better economy, as economists warn of higher inflation and slower growth.The New York Times - 2d -
What Will Trump’s Tariffs Do to EU-China Trade Relations?
The European Union is deepening other trade partnerships as U.S. relations sour. But with China, the relationship could get closer — or more combative.The New York Times - 2d -
Nintendo Delays Switch 2 Preorders, Citing Trump’s Tariffs
The new video game console will still be released in June, the Japanese company said. Its price was unveiled as $450 this week.The New York Times - 2d -
Trump Calls India a Friend, but Is Trying to Block Its Imports
Stunned to see their own exports punished harshly, Indians are picking through the wreckage for signs of hope. There’s some but not a lot.The New York Times - 2d -
Swiss Indignant to Make the Top 10 of Trump’s Tariffs List
Swiss companies bemoan the loss of a reliable partner, and called the 32 percent tariff “incomprehensible.”The New York Times - 2d -
More Than 500 Law Firms Back Perkins Coie in Fight With Trump
The firms signed a legal brief supporting Perkins Coie, calling the president’s actions a threat “to the rule of law.” The largest firms declined to sign.The New York Times - 2d -
Ted Cruz and Other Senate Republicans Question Trump’s Tariffs
One of the president’s allies warns that the trade barriers could hurt American business and consumers. But he has yet to take any real steps to reverse them.The New York Times - 2d -
Trump Extends TikTok Deal Deadline, Delaying a Potential Ban
The app was facing a Saturday deadline to change its ownership or face a ban in the United States.The New York Times - 2d -
Trump Rejects Proposal for Medicare to Cover Wegovy and Other Obesity Drugs
Administration officials reversed a decision made during the Biden presidency that would have given millions of people access to weight-loss drugs paid for Medicare and Medicaid.The New York Times - 2d -
How Trump's tariffs rollout turned into stock market mayhem
What's happened is something worse than the worst-case scenario.CNBC - 1d -
Lesotho, a Small African Nation, Expects a Big Hit From Trump’s Tariffs
The amount of manufactured goods exported from Africa to the United States is minuscule. But for Lesotho, the impact of a stunning 50 percent tariff is enormous.The New York Times - 1d -
Tens of thousands rally against Trump at DC ‘Hands Off’ protest
Congress members Jamie Raskin, Eric Swalwell and Ilhan Omar among speakers as demonstrators denounce ‘fascism’. Demonstrators estimated to be in the tens of thousands gathered in Washington DC on ...The Guardian - 1d -
A Playbook for Law Firms and Colleges to Stand Up to President Trump
Law firms and universities do not need to capitulate. Here’s how they can fight back.The New York Times - 1d -
Trump administration revokes all South Sudanese visas in repatriation row
State department accuses east African country of ‘taking advantage of the United States’. The US is revoking the visas of all South Sudanese passport-holders and will stop any more of its citizens ...The Guardian - 18h -
Trump’s Tariffs Will Wound Free Trade, but the Blow May Not Be Fatal
Free trade has been so beneficial to so many countries that the world may find a way to live without its biggest player.The New York Times - 20h -
Trump officials vow to stay the course on tariffs despite market turmoil
Treasury secretary rejects recession fears and says tough ‘reciprocal’ levies will not be delayedFinancial Times - 11h -
Trump admin argues judge can't order return of mistakenly deported man
Government lawyers say a federal judge has no control over Kilmar Abrego Garcia and no authority to arrange for his return.CBS News - 9h -
Trump Says Tariffs Will Stay Until Trade Deficit Disappears
The president said he would not quickly reverse last week’s steep tariffs, which have sparked pushback and roiled markets.The New York Times - 7h -
US judge scolds Trump officials for failing to return man deported in error
The scathing opinion comes as a deadline looms to return the man from a prison in El Salvador.BBC News - 8h -
Democrats hammer Trump for his weekend of golf as stocks tumble
Dow futures opened Sunday evening down 1,500 points, or 4% percent., while the S&P 500 and NASDAQ 100 futures were also down 4%.ABC News - 8h -
The Fed shouldn’t try to save the world from Trump tariffs
Given its record, the risk is that the US central bank will do just thatFinancial Times - 5h -
Bitcoin Is Down 10% Since Trump’s Global Tariff Announcement
The rapid drop shows that cryptocurrencies, which the president has promoted, are subject to the same market gyrations as any other risky asset.The New York Times - 3h -
Oil Prices Tumble Further as Trump’s Tariffs Weigh on Economic Outlook
Crude oil now costs around 15 percent less than it did before the president revealed his plans to impose stiff new tariffs on imports from most countries.The New York Times - 5h -
Trump’s tariff blitz causes turmoil for green energy sector
Duties pose one-two punch for an industry already reeling from renewed embrace of fossil fuelsFinancial Times - 5h -
FirstFT: Global market rout over Trump tariffs continues
Also in today’s newsletter, UK to water down private equity rules and Marine Le Pen denounces “witch-hunt”Financial Times - 4h -
Bondi says Trump will 'probably' leave after second term
The administration's FEMA funding freeze violated a court order, a judge ruled.ABC News - 2h -
Trump’s Trade War Raises Bar for Fed Rate Cuts
Tariffs set to take effect this week risk stoking even higher inflation and slower growth than expected, complicating the central bank’s decisions on monetary policy.The New York Times - 12m -
The weekend Trump’s tariff threats became real for global investors
If global long-only funds start to rotate out of risk the market turmoil could get worseFinancial Times - 3h -
Global stocks tumble as Trump offers no respite from tariffs
Asian and European indices and US futures fall in wake of worst week for Wall Street equities since pandemicFinancial Times - 25m -
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 - 10h -
JPMorgan Says ‘There Will Be Blood’ as Stocks Tumble and Recession Odds Grow to 60 Percent
Fed warns of ‘highly uncertain outlook’ as JPMorgan and other analysts increase recession odds in response to Trump’s tariff war.Inc. - 2d -
‘Wait, Baby, Wait’: Slumping Oil Prices Reflect Economic Worries
Fears that President Trump’s tariffs could slash global economic growth — and demand for oil — are weighing on the market.The New York Times - 2d -
The Affordable Car Is About to Go Extinct in the US
As President Donald Trump’s tariffs set in, it may well be time to say goodbye to the under-$30,000 car.Wired - 2d -
A dark hour for American science
Other countries have a chance to attract US talent driven out by Trump’s policiesFinancial Times - 23h