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6:25 PM ET, April 4, 2025

memeorandum

 Top Items: 
Meredith Lee Hill / Politico:
House Republican moves to rein in tariff powers  —  Nebraska Rep. Don Bacon said he plans to introduce a companion bill to the bipartisan Senate legislation aimed at reclaiming Congress' authority over tariffs, becoming the first House Republican to openly challenge the powers President Donald Trump …
Discussion: Associated Press and CNBC
RELATED:
CNBC:
Dow drops 1,400 points, Nasdaq set to close in bear market as Trump tariff sell-off worsens: Live updates  —  The stock market took another pounding Friday after China retaliated with new tariffs on U.S. goods, further lending credibility to fears of a trade war that could spark a global a recession.
Ivana Saric / Axios:
Gavin Newsom angles for California exemptions to Trump trade war  —  California Gov. Gavin Newsom said Friday he is pursuing agreements with other countries to ensure California is exempted from retaliatory tariffs aimed at the U.S.  —  Why it matters: President Trump's “Liberation Day” tariffs spurred global blowback.
Keith Bradsher / New York Times:
Trump's Trade War Escalates as China Retaliates With 34% Tariffs
South China Morning Post:
Breaking | China hits back at US with 34% tariff on American imports in retaliation for Trump's duties
New Republic:   Transcript: Trump's Tariff Madness Can Be Stopped. Here's How.
Nate Silver / Silver Bulletin:
Wall Street thinks Trump's tariffs will eat Main Street alive
Dharna Noor / The Guardian:
‘Oligarchy’: Trump exempts big oil donors from tariffs package
Ruxandra Iordache / CNBC:
China to impose 34% retaliatory tariff on all goods imported from the U.S.
Associated Press:
As stock market continues plummeting over tariffs, Trump spends the day at his golf course
Discussion: Raw Story
Stan Choe / Associated Press:
Sell-off worsens worldwide and Dow drops 1,300 after China retaliates against Trump tariffs
Washington Post:
Inside President Trump's whirlwind decision to upend global trade  —  Ultimately, Trump resolved to follow his own instincts — and was surrounded by senior officials who enabled him.  —  Not long after President Donald Trump's inauguration, the administration's economic staff went to work …
RELATED:
Financial Times:
America's astonishing act of self-harm  —  Trump's tariffs will upend the global economic order and tarnish US prosperity  —  If it endures, Donald Trump's decision on April 2 2025 to enact sweeping “reciprocal” tariffs on US trade partners will go down as one of the greatest acts of self-harm in American economic history.
Nikki McCann Ramirez / Rolling Stone:
Trump Shares Video About How He Is ‘Purposely Crashing the Stock Market’  —  Several close allies of the president told Rolling Stone they were “at a loss for words” when asked about the video … Economists are warning that the president's actions are putting not just the United States …
Zach Schonfeld / The Hill:
Judge finds FEMA withholding grants in violation of court order  —  A federal judge Friday ordered the Federal Emergency Management Agency (FEMA) to disburse millions of dollars of grants to Democratic-led states, finding the administration's withholding of the funds breached his previous ruling.
RELATED:
Washington Post:
Judge orders Trump administration to bring back Md. man mistakenly deported  —  U.S. officials have argued in court records that the United States is powerless to effectuate his return because he is now in Salvadoran custody, and that Kilmar Abrego García's lawyers have “not clearly shown” that he would face harm in the prison.
Discussion: Axios and CBS News
RELATED:
Associated Press:
The US must return a Maryland man mistakenly deported to an El Salvador prison, judge says  —  A federal judge on Friday ordered the Trump administration to arrange for the return of a Maryland man to the United States after he was mistakenly deported to a notorious El Salvador prison …
RELATED:
Liz Essley Whyte / Wall Street Journal:
Ousted Vaccine Chief Says RFK Jr.'s Team Sought Data to Justify Anti-Science Stance  —  Peter Marks says the new health secretary's team wants to show vaccines aren't safe while promoting dangerous and unproven treatments  —  The top vaccine regulator ousted by Robert F. Kennedy Jr …
Washington Post:
IRS will cut 25% of its employees, eliminating its civil rights office  —  The tax agency began telling employees about the coming reduction in emails sent Friday.  —  Just now  —  The Internal Revenue Service plans to eliminate nearly a quarter of its workforce in layoffs starting Friday …
Discussion: GovExec.com
RELATED:
Holly Otterbein / Politico:
Poll: AOC leads Schumer in head-to-head New York primary matchup by double digits  —  The liberal group Data For Progress conducted the survey of likely Democratic voters.  —  Alexandria Ocasio-Cortez is leading Chuck Schumer by double digits in a new head-to-head poll of the 2028 New York primary.
Mark Berman / Washington Post:
Hundreds of law firms back Perkins Coie in fight against Trump sanctions  —  The largest U.S. firms did not join a court filing supporting Perkins Coie and denouncing President Trump's orders targeting firms.  —  just now  —  More than 500 law firms on Friday denounced President Donald Trump's campaign …
RELATED:
Ben Quinn / The Guardian:
Russell Brand charged with rape and sexual assault  —  Actor and comedian charged with rape, indecent assault, oral rape and two counts of sexual assault, say police  —  The comedian and actor Russell Brand has been charged with one count each of rape, indecent assault and oral rape as well as two counts of sexual assault.
Matthew Boesler / Bloomberg:
JPMorgan Says Trump's Tariffs to Send US Into Recession  —  JPMorgan Chase & Co. said it expects the US economy to fall into a recession this year after accounting for the likely impact of tariffs announced this week by the Trump administration.  —  “We now expect real GDP to contract under …
RELATED:
Siddarth S / Reuters:
Global brokerages raise recession odds; J.P.Morgan sees 60% chance
Samantha Cole / 404 Media:
Massive, Unarchivable Datasets of Cancer, Covid, and Alzheimer's Research Could Be Lost Forever  —  Almost two dozen repositories of research and public health data supported by the National Institutes of Health are marked for “review” under the Trump administration's direction …
Lydia O'Connor / HuffPost:
RFK Jr. Says He's Rehiring Thousands Of People He Mistakenly Fired  —  The cuts were a mistake he'd always planned to make, Kennedy said in head-scratching remarks.  —  Robert F. Kennedy Jr., secretary of the Health and Human Services Department, told reporters Thursday that he plans …
Ethan Gach / Kotaku:
Nintendo Halts Switch 2 Pre-Orders Over Trump's Tariffs  —  New tariffs threaten massive price hikes on gaming hardware and other consumer goods  —  Switch 2 pre-orders were supposed to begin on April 9.  No longer.  In an unprecedented move, Nintendo announced on Friday that it's halting pre-orders …
Yair Rosenberg / The Atlantic:
Trump's Jewish Cover Story … The Trump administration wants you to know that it's just looking out for Jews.  In recent weeks, the White House has cited anti-Semitism as the motivation for many of its controversial moves, whether deporting foreign students who allegedly engaged …
Discussion: MPR News
NPR:
Trump's VA is ending a rescue program that's saved 17,000 military veterans' homes  —  The U.S. Department of Veterans Affairs said Thursday that it will end a mortgage-rescue program designed to help veterans who have fallen behind on their mortgages keep their homes.
Discussion: Daily Kos and MBA
Jill Lepore / New York Times:
The Failed Ideas That Drive Elon Musk  —  President Trump has reportedly told cabinet members that Elon Musk may soon leave the administration.  If and when he goes, what will he leave behind?  —  Mr. Musk has long presented himself to the world as a futurist.
John Fritze / CNN:
Supreme Court allows Trump to freeze dozens of teacher training grants  —  The Supreme Court on Friday allowed President Donald Trump to temporarily freeze millions of dollars in grants to states for addressing teacher shortages, the administration's first win at the high court since reclaiming power in January.
Discussion: Axios, Associated Press and ABC News
 
 
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 More Items: 
Zach Schonfeld / The Hill:
Judge blocks Trump's takeover of Inter-American Foundation
Alex Fitzpatrick / Axios:
Foreign visits into the U.S. fell off a cliff in March
Shannon Osaka / Washington Post:
A stunning number of electric vehicle, battery factories are being canceled
Discussion: Electrek
Jonathan Allen / Reuters:
Columbia University's new campus patrol officers appointed by New York Police Department
Discussion: New York Times
Thomas Frank / Politico:
FEMA chief given lie detector test after leak of private meeting
Discussion: Scientific American
Lauren Rosenthal / Bloomberg:
US Weather Agency Websites Set to Vanish With Contract Cuts
Discussion: Axios, Common Dreams and KTVZ-TV
 Earlier Items: 
Jordain Carney / Politico:
More Republicans back bill giving Congress a say on tariffs
Discussion: Wausau and The Hill
Scott Horsley / NPR:
The job market remains incredibly healthy — but the tariff storm could upend things
Paul Krugman:
How a Con Man President Is Destroying Confidence
Discussion: Wall Street Journal
William Kristol / The Bulwark:
The Lamps Are Going Out Around Us
Ellen Nakashima / Washington Post:
National Security Agency and Cyber Command chief Gen. Timothy Haugh ousted
 

 
From Mediagazer:

Bloomberg:
Sources: WBD begins exclusive talks with Netflix to sell its film and TV studios and HBO Max; Netflix is offering a $5B breakup fee if the deal isn't approved

The Guardian:
Ireland, Spain, Slovenia, and the Netherlands exit Eurovision after Israel received an all-clear to compete; the BBC and Germany's SWR plan to participate

James Faris / Business Insider:
Kalshi strikes a deal with CNBC that will integrate Kalshi's prediction data into CNBC's channel, site, and app starting in 2026, days after striking a CNN deal
 
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