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8:15 PM ET, April 2, 2025

memeorandum

 Top Items: 
Paul Krugman:
Trump Goes Crazy on Trade  —  “Liberation Day” is even worse than expected  —  Just a quick update after Trump's Rose Garden speech.  —  I guess it's just possible that when we get details about the Trump tariffs they will be lower than what he just announced, but based on what he said, he's gone full-on crazy.
Discussion: ABC News and Lawyers, Guns & Money
RELATED:
CNBC:
Dow futures tumble 900 points, S&P 500 futures lose 3% on Trump's tariff rollout: Live updates  —  U.S. stock futures cratered as President Donald Trump unveiled sweeping tariffs of at least 10% and even higher for some countries, raising the risks of a global trade war that hits the already sputtering U.S. economy.
Discussion: Bloomberg and Sportico
NBC News:
Investors flee U.S. stocks as markets react sharply to Trump's tariff plan  —  Initial market indications on early Wednesday evening were that many investors had expected Trump's tariffs to be far less expansive.  —  Global markets reacted sharply and swiftly after President Donald Trump revealed …
Discussion: Mediaite
Jordain Carney / Politico:
McConnell breaks with party to reject Trump's Canada tariffs  —  Sen. Mitch McConnell privately indicated to Sen. Tim Kaine he would back the Virginia Democrat's resolution to undo President Donald Trump's Canada tariffs.  Kaine told reporters Wednesday that the former GOP leader told …
Forbes:
Here's The Full List Of Trump's Reciprocal Tariffs Announced Wednesday  —  President Donald Trump announced what he said were “kind” reciprocal tariffs against more than 180 countries Wednesday, along with a baseline tariff against other countries, delivering the most sweeping tariff package the U.S. has implemented in decades.
New York Times:
Live Updates: Trump Unveils Sweeping Tariffs on All Imports  —  A 10 percent tariff will apply to all countries, but key trading partners like Europe and China will face rates two and three times as high.  —  Here's the latest.  —  President Trump unveiled his most expansive tariffs to date …
Ryan Dezember / Wall Street Journal:
Here's How Markets Are Responding to Trump's Tariffs Announcement  —  Financial markets have been volatile as President Trump outlines his trade policies from the Rose Garden.
James Fallows / Breaking the News:
Launching the Economic Version of the Iraq War.  —  Tariffs are like military actions.  They're ‘good’ or ‘bad’ based on specifics: Why, how, at what cost, toward what end.  Donald Trump has just committed US power in a profoundly stupid way.  —  ∙ Paid
Al Root / Barron's Online:
The Stock Market Pain Is Just Getting Started.  'This is How You Sabotage the World's Economic Engine.'  —  The stock market was slumping after President Donald Trump made his tariff announcement.  To state the obvious, it was worse than investors feared and now they need to figure out what it means for stocks over the rest of 2025.
Discussion: The Hill
Paul Krugman:
Stop Looking for Methods in the Madness
Discussion: The Hill and Wall Street Journal
Associated Press:
Answering your questions about President Trump's reciprocal tariffs
Politico:   Republicans weigh selling public lands to pay for Trump agenda bill
Bloomberg:
Trump Tariff Plans Still in Limbo Ahead of Rose Garden Event
The Hill:
Trump imposes 10 percent global tariffs; higher rate for ‘worst offenders’
Rachael Bade / Politico:
Trump Tells Inner Circle That Musk Will Leave Soon  —  The president is pleased with Musk but the decision comes as the tech mogul increasingly looks like a political liability.  —  President Donald Trump has told his inner circle, including members of his Cabinet, that Elon Musk will be stepping …
RELATED:
Ali Bianco / Politico:
Musk has been everywhere. A new poll says Americans don't approve.
Discussion: The Contrarian and Newsweek
Dasha Burns / Politico:
Waltz's team set up at least 20 Signal group chats for crises across the world  —  It's a more extensive use of the app than previously reported and sheds new light on how commonly the Trump administration's national security team relies on Signal.  —  National security adviser Mike Waltz's …
Irie Sentner / Politico:
Republicans reel as Dem over-performances hit a swing state and MAGA country  —  Democrats clinched a landslide victory in Wisconsin and made inroads in two deep-red Florida districts, spelling trouble for Republicans.  —  Republicans emerged from Tuesday's elections on shaky footing.
RELATED:
Kimberly Leonard / Politico:
‘He repels people’: DeSantis tears into Fine after Florida special election underperformance
Wall Street Journal:
The MAGA Backlash Arrives
Arthur Delaney / HuffPost:
Emails Confirm Social Security Administration Canceled Maine Contracts As Political Payback  —  Acting commissioner Leland Dudek called Maine Gov. Janet Mills a “petulant child” for defying Donald Trump.  —  WASHINGTON ― Emails show that the Social Security Administration canceled contracts …
Discussion: Talking Points Memo
RELATED:
Ashleigh Fields / The Hill:
Frank Luntz: Booker marathon speech ‘may have changed the course of political history’  —  Longtime GOP pollster Frank Luntz said Sen. Cory Booker (D-N.J.) “may have changed the course of political history” with his marathon speech breaking the Senate's record for the longest floor speech in its history.
RELATED:
Jesse Zanger / CBS News:
NYC Mayor Eric Adams corruption case dismissed with prejudice, judge rules  —  New York City Mayor Eric Adams' historic federal corruption case has been dropped.  —  Judge Dale Ho has agreed to the U.S. Department of Justice's request to drop the charges against Adams, but he did so “with prejudice.”
RELATED:
Associated Press:
Judge dismisses corruption case against New York City Mayor Eric Adams
Chris Isidore / CNN:
Tesla sales plunge: Biggest decline in history  —  Tesla sales plunged 13% in the first three months of this year, as the company reported the largest drop in deliveries in its history by far, amid backlash against CEO Elon Musk and as growing competition from other automakers' electric vehicles took …
Tim Murphy / Mother Jones:
Elon Musk Can't Take the Heat  —  The numbers say anti-Tesla protests are working.  So do Musk's increasingly unhinged actions.  —  Elon Musk has a simple diagnosis of what's ailing America: It's being destroyed by empathy.  In a long interview with Joe Rogan, in numerous tweets …
Discussion: Raw Story
Laura Hazard Owen / Nieman Lab:
How to leak to a journalist  —  Planning to leak?  Read these tips first.  —  There's a lot out there to leak.  —  The second Trump administration, historically unfriendly to the press, has thrown Washington into chaos.  Tens of thousands of federal employees have been placed on leave …
Michael Schaffer / Politico:
The Mystery Buyer of That $23 Million DC Mansion?  Mark Zuckerberg.  —  The Meta chief is the latest mogul to have a personal embassy in Donald Trump's Washington.  —  Mark Zuckerberg is the latest billionaire to shell out tens of millions of dollars for a pricey outpost in Donald Trump's gilded capital.
more at Techmeme »
Jason Lange / Reuters:
Trump approval falls to 43%, lowest since returning to office, Reuters/Ipsos poll finds  —  President Donald Trump's approval rating fell to 43%, the lowest since his return to office, as Americans soured on his tariff moves and his administration's handling of information about a military strike in Yemen, a Reuters/Ipsos poll found.
Discussion: Forbes and 19FortyFive
Martin Pengelly / The Guardian:
In a new book, top Biden aide describes ‘out of it’ president before Trump debate  —  Ron Klain tells author Chris Whipple then president could not focus and obsessed about foreign leaders ahead of debate that ended his campaign  —  In a new book, Joe Biden's former White House chief …
Washington Post:
Hunter Biden tax informant set to control IRS criminal division  —  The Trump administration has placed a political appointee in charge of tax investigations, in a break with longtime precedent.  —  Just now  —  The Trump administration is amassing influence over criminal investigations at the IRS …
Discussion: Fortune and al.com
Washington Post:
How the Trump administration took aim at Maine  —  Maine has faced investigations and arbitrary reversals of funding, turning it into a test case for the Trump administration's approach to perceived adversaries.
New York Times:
Inside Elite Law Firms, Protests and Quitting After Trump Deals  —  The discontent does not appear to be resonating with leaders at Paul Weiss and Skadden, but it could hamstring their recruitment efforts.  —  Ever since the elite law firms Paul Weiss and Skadden reached deals with President Trump …
Ale Franqueza / Migrant Insider:
ICE Raids Idaho Lawmaker's Farm  —  State Rep. Stephanie Mickelsen was reported to ICE for speaking out against Trump's immigration policies.  —  An Idaho Republican state representative has accused her own party of weaponizing federal immigration authorities against her after she publicly …
Discussion: NewsNation and InvestigateWest
Jessica Valenti / Abortion, Every Day:
Her Fetus Has No Heartbeat—They Still Won't Give Her An Abortion  —  South Carolina's ban is torturing a 31-year-old mom *right now*  —  It's been over a week since Elisabeth Weber found out she was miscarrying.  The South Carolina mother has been told by multiple doctors …
 
 
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 More Items: 
Gregory B. Craig / Washington Post:
I helped defend Reagan's would-be assassin. Law firms that fear Trump, take note.
Amy Mackinnon / Politico:
CIA drops agency veteran from consideration as chief of clandestine operations
Jennifer Bendery / HuffPost:
GOP Poised To Confirm Anti-Voting Rights Extremist To Lead DOJ's Civil Rights Division
Lauren Irwin / The Hill:
Former aide slams California Democrat in video announcing primary campaign
Discussion: Politico and Axios
Stef W. Kight / Axios:
Senate unveils new blueprint for mega-MAGA package
Discussion: KTVZ-TV
Jenny Gross / New York Times:
N.Y.U. Cancels Doctor's Speech at the Last Minute, Citing Anti-Government Tone
Discussion: Washington Post
 Earlier Items: 
New York Times:
Amazon Said to Make a Bid to Buy TikTok in the U.S.
Evelyn Douek / The Atlantic:
Can I Teach the First Amendment If I Only Have a Green Card?
Discussion: Just Security
M. Gessen / New York Times:
Unmarked Vans. Secret Lists. Public Denunciations. Our Police State Has Arrived.
Discussion: Fox News
NBC News:
‘We were lied to:’ Two women the Trump administration tried to send to El Salvador prison speak out
Discussion: The Atlantic
 

 
From Techmeme:

Daniel Thomas / Financial Times:
Netflix agrees to acquire WBD's studios and streaming business in an $82.7B cash-and-stock deal, set to close after WBD splits into two companies in Q3 2026

Foo Yun Chee / Reuters:
The EU fines X €120M for breaching online content rules, the first fine under the DSA, citing issues like its deceptive blue checkmarks, after a two-year probe

New York Times:
The New York Times sues Perplexity, claiming the AI startup violated its copyrights and kept using its content despite repeated demands over the past 18 months
 
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