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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 - 1h -
Global Stocks Fall Sharply, Extending Rout Caused by Trump’s Tariffs
A brutal day for major U.S. trading partners extended last week’s market turmoil, with more declines expected when trading starts in New York.The New York Times - 45m -
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 - 13m -
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 -
US closes in on critical minerals deal with DR Congo
Trump’s Africa adviser agrees ‘path forward’ to drive American mining investment as Tshisekedi government seeks to shore up supportFinancial Times - 18h -
Federal probationary workers left in limbo amid legal challenges to mass firings
Probationary workers fired as part of President Trump's downsizing talked about their jobs and their ongoing employment limbo as legal fights continue.CBS News - 13h -
US defends tariffs on remote island of penguins and seals
A group of islands, occupied only by penguins and seals, has been swept up in Trump's trade war.BBC News - 3h -
Why the US mortgage market is addicted to big government
Government guarantees on securitised home loans make them generally low risk — but Trump’s policymaking raises concernsFinancial Times - 5h -
Rules on UK car firms relaxed ahead of 2030 petrol vehicles ban
The prime minister says the measures are designed to aid the UK motor industry, which has been hit by Trump's tariffs.BBC News - 1h -
Overseas stock markets plunge, U.S. futures tumble as tariff turmoil continues
Overseas financial markets plummeted Monday and U.S. stock futures reeled anew in reaction to the Trump administration's latest tariff salvos.CBS News - 40m -
In South Africa, a needle exchange program for drug users feels the effects of Trump's aid cuts
A secluded corner near South Africa’s capital is home to dozens of people with drug addictionABC News - 3d -
Trump Blocked America’s Front Door to China. Now He’s Closing Back Doors.
The U.S. tariffs on transshipment countries like Vietnam and Cambodia are so steep that they could force a major reassessment of global supply chains.The New York Times - 3d -
China says 'market has spoken' after Trump tariffs spark global stocks rout
China's Foreign Ministry on Saturday said "the market has spoken" following the U.S. imposition of sweeping new tariffs.CNBC - 1d -
Advocacy groups fear Trump pressure will force Big Law into civil rights retreat
Firms that helped fight high-profile battles targeted by White House executive ordersFinancial Times - 1d -
Britain needn’t be cowed by wrecking-ball Trump, it should seize opportunities in Europe, Canada and beyond | Will Hutton
Keir Starmer can help redefine global trade while strengthening new – and old – alliances. ‘Liberation Day” was, of course, a tragic idiocy based on a bewildering inversion of reality. The rest of ...The Guardian - 1d -
British carmaker Jaguar Land Rover pauses U.S. shipments over Trump tariffs
Jaguar Land Rover, which is one of Britain's biggest carmakers, described the U.S. as "an important market" for the firm's luxury brands.CNBC - 23h -
As a young man, I fell in love with the US. The country’s soul is still there, despite Trump’s best efforts to destroy it | John Harris
For many of us, the United States means music, progress, hope. Whatever their president does, plenty of Americans continue to believe in those too. It seems as inevitable as the economic chaos let ...The Guardian - 20h -
Yemen's Houthis say US strikes kill 6 as Trump's bombing video suggests higher overall death toll
Suspected U.S. airstrikes over the weekend targeting Yemen’s Houthi rebels killed at least six peopleABC News - 7h -
Trump tariffs risk large euro-area ‘demand shock’, Greece’s central bank governor warns
Yannis Stournaras says looming trade war will drag on growth and inflationFinancial Times - 5h -
Japanese yen and Swiss franc top hedges against Trump tariffs, according to analysts
Investors are flocking to safe haven assets, with some investors looking at the Japanese yen, gold, bonds and "exotic" assets.CNBC - 1h -
The White House is using tariffs to restore manufacturing. Data suggests it will take time.
Data about Trump's tariffs suggests the U.S. economy is not ready for a wholesale shift to manufacturing, and that it would take years to ramp up production capabilities.NBC News - 2d -
China Retaliates Hard in Trade War by Slapping Tariffs on U.S. Goods
Canada and other countries also readied retaliation after President Trump raised U.S. tariff barriers to their highest level in more than a century.Inc. - 2d -
Republican Plan to Kill California’s E.V. Policies Hits Senate Snag
The Trump administration asked Republicans in Congress to stop California’s ban on new gas-powered cars. The Senate parliamentarian said it wasn’t allowed.The New York Times - 2d -
Jaguar Land Rover to enact shipment pause to US in April as it develops post-tariff plans
The British maker of Jaguar and Land Rover cars is pausing shipments to the U.S. as it works to mitigate the impact of a 25% tax on vehicle imports imposed by the Trump AdministrationABC News - 1d -
Judge Calls Mistaken Deportation of Maryland Man a ‘Grievous Error’
Judge Paula Xinis, who has ordered that the Trump administration return the man, Kilmar Armando Abrego Garcia, by Monday, also rejected a request to pause that order.The New York Times - 18h -
Small Businesses Face a ‘Tornado’ of Challenges: Cuts, Freezes and Now Tariffs
President Trump vowed to aid entrepreneurs by reducing taxes and slicing red tape. But some owners say other policies have put them at a disadvantage.The New York Times - 18h -
Commerce Secretary Lutnick doesn't back down in face of market sell-off: 'The tariffs are coming'
Commerce Secretary Howard Lutnick said the Trump administration remains committed to implementing its reciprocal tariffs amid a global market sell-off.CNBC - 10h -
U.S. crude oil falls below $60 a barrel to lowest since 2021 on tariff-fueled recession fears
U.S. oil prices dropped below $60 a barrel on Sunday as the global market sell-off on recession fears fueled by President Donald Trump's tariffs escalated.CNBC - 8h -
Civil rights-era government agency to be purged
A memo reviewed by CBS News said Trump appointees are considering closing the Community Relations Service, which was created as part of the Civil Rights Act of 1964.CBS News - 5h -
National Security Agency chief dismissed, 'no real reason for why'
President Trump ousted the two top officials at the National Security Agency. NBC News Senior National Security Correspondent Courtney Kube reports on the ouster and the lack of clarity from the ...NBC News - 2d