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12:45 PM ET, April 9, 2025

memeorandum

 Top Items: 
Jamelle Bouie / New York Times:
Trump's Lust for Power Cannot Be Satiated  —  It is a fool's errand to try to rationalize President Trump's obsession with tariffs.  —  This is not to say that people haven't tried.  There are any number of theories that seek to explain Trump's preoccupation with tariffs and trade wars.
Discussion: PBS NewsHour
RELATED:
David E. Sanger / New York Times:
Trump's Tariffs Disrupt Global Trade Without a Clear Strategy  —  The global trading system is only one example of the administration tearing something apart, only to reveal that it has no plan for how to replace it.  —  As the breadth of the Trump revolution has spread across Washington in recent weeks …
Jesse Pound / CNBC:
China slaps 84% retaliatory tariffs on U.S. goods in response to Trump  —  China has pushed back again on U.S. President Donald Trump's tariff policies by hiking its levies on U.S. imports to more than 80%.  —  Tariffs on U.S. goods entering China will rise to 84% from 34% starting April 10 …
New York Times:
Live Updates: Markets Slide Further as U.S. Imposes Punishing Tariffs
Reuters:
Has Trump cancelled Christmas? China's decorations makers report no US orders
Discussion: American Thinker
Rachel Wolf / Fox Business:
Trump reciprocal tariffs, additional China levies take effect
Nick Timiraos / Wall Street Journal:   Trump's Tariffs Put Fed Chair Powell in a ‘No-Win Situation’
Anders Hagstrom / Fox Business:
Stocks turn higher as trade war escalates: Live Updates
Discussion: RedState
Rebecca F. Elliott / New York Times:
Oil Prices Tumble, Squeezing U.S. Producers
New York Times:
How Musk and Trump Are Working to Consolidate Government Data About You  —  Databases that Elon Musk's team is trying to access include more than 300 personal details about members of the U.S. public.  —  The federal government knows your mother's maiden name and your bank account number.
RELATED:
Washington Post:
IRS chief to quit over deal to share data with immigration authorities  —  Melanie Krause clashed with Treasury Department officials who sought to circumvent IRS executives so immigration authorities could access taxpayers' information.  —  The acting head of the Internal Revenue Service plans …
William Kristol / The Bulwark:
A Clown in a China Shop  —  A weird split-screen underway this morning: With Liberation Day tariffs slamming in place pretty much everywhere overnight, the wheels are well and truly coming off the economic bus.  J.P. Morgan CEO Jamie Dimon said this morning on Fox News that a recession has become “a likely outcome.”
RELATED:
Politico:   House GOP leaders move to quash vote on Trump's global tariffs
Lauren Irwin / The Hill:
Steve Doocy: Major GOP donors ‘terrified’ after Trump tariffs
Discussion: Mediaite and Axios
Heather Cox Richardson / Letters from an American:
April 8, 2025  —  Stocks were up early today as traders put their hopes in Treasury Secretary …
Discussion: Washington Examiner
NOTUS:
Trump and Johnson Appear to Be Losing House GOP Holdouts on the Budget
Jennifer Rubin / The Contrarian:
It's Republicans' Fault
Discussion: The Atlantic
Felix Salmon / Axios:
The bond market plunges as crisis brews  —  The price of U.S. Treasury bonds is plunging, in what Treasury Secretary Scott Bessent on Wednesday called “deleveraging convulsions.”  The effect is to raise borrowing costs just as recession fears spike.  —  Why it matters: The last thing America needed …
RELATED:
Colby Smith / New York Times:
U.S. Bond Sell-Off Raises Questions About ‘Safe Haven’ Status
Discussion: Reuters and Bloomberg
Financial Times:
US Treasuries drop for second straight day after weak demand at $58bn auction
Discussion: ING Think and Semafor
Wall Street Journal:
Dollar Confidence Crisis Is Here, Deutsche Bank Warns  —  The broad selloff in U.S. stocks and bonds, and the continuing decline in the dollar, represents a “simultaneous collapse in the price of all U.S. assets,” analysts at Deutsche Bank said Wednesday.  They warned that “unchartered territory” lies ahead.
Discussion: Reuters
RELATED:
Naomi Tajitsu / Bloomberg:   Deutsche Bank Sees Fed Doing Emergency QE If Bond Rout Goes On
Zack Beauchamp / Vox:
Some elite Trump supporters are having regrets.  We asked them why.  —  President Donald Trump's tariffs haven't only demolished trillions in wealth and raised the chance of a global recession.  They've also led some prominent Trump supporters to wonder whether they made a huge mistake.
New York Times:
How Trump Is Putting Law Firms in a No-Win Situation  —  As Willkie Farr & Gallagher learned, cutting a deal with the White House can avert a financially punitive executive order.  But doing so can draw internal rebukes and external criticism.  —  Willkie Farr & Gallagher last week became …
Discussion: Raw Story and The Hill
Bloomberg:
About 90% of Migrants Deported to El Salvador Had No US Criminal Record  — Men were accused of ties to Tren de Aragua criminal gang  — US court records show just a few charges for serious crimes  —  Trump administration officials have described the men deported to El Salvador prisons last month as …
Jasmine Garsd / NPR:
U.S. says it is now monitoring immigrants' social media for antisemitism  —  U.S. Citizenship and Immigration Services has announced it will begin screening immigrant's social media for evidence of antisemitic activity as grounds for denying immigration benefit requests.
NBC News:
Pete Hegseth senior adviser pushing for Pentagon to cut ties with Scouting America  —  Critics like the adviser, a former Fox News producer, say the group formerly known as the Boy Scouts is too “woke.”  No decision has been made.  —  One of Defense Secretary Pete Hegseth's top advisers …
New York Times:
Trump Administration Freezes $1 Billion for Cornell and $790 Million for Northwestern, Officials Say  —  The funding pause amid civil rights investigations into both universities sharply escalates the Trump administration's campaign against elite colleges.  —  The Trump administration …
David Bauder / Associated Press:
AP wins reinstatement to White House events after judge rules government can't bar its journalists  —  A federal judge ordered the White House on Tuesday to restore The Associated Press' full access to cover presidential events, affirming on First Amendment grounds that the government cannot punish …
KWTX-TV:
High school students post photo on social media standing in front of a Nazi flag  —  AURORA, Neb. (KSNB/Gray News) - A pair of students in Nebraska are facing consequences after they were seen on social media posing in their high school's locker room holding a flag symbolizing hate.
New York Times:
'Where's Alex?'  A Beloved Caregiver Is Swept Up in Trump's Green Card Crackdown … Alfredo Orellana, 31, was not just a caregiver for Luke Ferris, a 28-year-old with severe autism.  The pair worked out at the gym, got tacos and played video games together.  They exchanged elbow bumps.
Ann E. Marimow / Washington Post:
Many lawyers who argue for Trump at Supreme Court are heading for the exit  —  At least half of the front-line attorneys in the solicitor general's office plan to leave, people familiar with the matter said, as Trump's emergency requests pile up at the high court.
Discussion: Deseret News and Townhall
Lisa Needham / Public Notice:
Trump tries to restore a grim era for American workers  —  🪚 🚧 ⛏️ With corporate outlets obeying in advance, supporting independent political media is more important right now than ever.  Public Notice is possible thanks to paid subscribers.
Discussion: The Nation and Futurism
Amanda Marcotte / Salon:
Fox News, desperate to defend Trump's tariffs, exploits MAGA's masculinity delusions  —  Right-wing social media has decided soaring inflation will somehow grant them all tradwives  —  With the stock market plunging and the threat of hyper-inflation bearing down, the propagandists at Fox News are in quite a pickle.
President Donald J. Trump / The White House:
Protecting American Energy From State Overreach  —  By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered:  —  Section 1.  Purpose.  My Administration is committed to unleashing American energy …
 
 
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 More Items: 
Michael Daly / The Daily Beast:
'I Know Musk's Secret Blueprint to Destroy Social Security from The Inside'
Discussion: Raw Story
Ella Creamer / The Guardian:
Majority of attempts to ban books in US come from organised groups, not parents
Discussion: Advocate and PinkNews
New York Times:
Islamic State Regains Strength in Syria
Discussion: IJR and The Defense Post
Skylar Woodhouse / Bloomberg:
US Weighs Farmer Bailout as China Threatens Retaliation
Discussion: Axios and CNBC
Spencer Soper / Bloomberg:
Amazon Cancels Some Inventory Orders From China After Tariffs
more at Techmeme »
Fatima Hussein / Associated Press:
IRS Acting Commissioner Is Resigning After Deal To Share Immigrants' Tax Information With ICE
Wall Street Journal:
Parents About to Tap 529 College Accounts Can't Wait Out Market Turmoil
 Earlier Items: 
Wall Street Journal:
Why Musk vs. Navarro Matters
Nate Weisberg / Washington Monthly:
Who is Batya Ungar-Sargon?  —  It's March, and Batya Ungar-Sargon is appearing on HBO's Real …
Discussion: The Independent
Washington Post:
Kari Lake to be detailed to State Department to dismantle VOA parent agency
Erin Reed / Erin In The Morning:
17 Montana Republicans Cross Party Lines, Defeat Anti-Trans Bill After Nonbinary Rep's Speech
Shira Stein / San Francisco Chronicle:
DOGE head denies responsibility for mass firings in private group chat message
Discussion: Raw Story
Sara Boboltz / HuffPost:
White House Confirms Trump Is Exploring Ways To ‘Deport’ U.S. Citizens
 

 
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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