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2:00 PM ET, April 9, 2025

memeorandum

 Top Items: 
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 …
RELATED:
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 …
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.”
New York Times:
Live Updates: Markets Slide Further as U.S. Imposes Punishing Tariffs
Eli Stokols / Politico:
As the trade war rattles bond markets, Trump advises to ‘BE COOL’
Politico:
House GOP leaders move to quash vote on Trump's global tariffs  —  Republican leaders in the House are moving to short-circuit an attempt to force a vote on President Donald Trump's new global tariffs, repeating a maneuver they used earlier this year to block attempts to overturn narrower levies targeting Canada.
Discussion: The Hill
RELATED:
Lauren Irwin / The Hill:
Steve Doocy: Major GOP donors ‘terrified’ after Trump tariffs
Discussion: Mediaite
Meredith Lee Hill / Politico:   Bessent cancels Hill appearance amid market turmoil
Jennifer Rubin / The Contrarian:
It's Republicans' Fault
Discussion: The Atlantic
Zeeshan Aleem / MSNBC:
Republicans who say they didn't vote for this economic crisis are wrong
Discussion: The Hill and The Independent
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
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:
Wired:
Elon Musk's DOGE Is Getting Audited  —  The General Accountability Office's audit examines DOGE's handling of data at a number of federal agencies, according to sources and records reviewed by WIRED.  —  The General Accountability Office (GAO) is auditing Elon Musk's so-called Department of Government Efficiency (DOGE).
Washington Post:
IRS chief to quit over deal to share data with immigration authorities
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
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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 …
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Emese Bartha / Wall Street Journal:
U.S. Treasury Yields Jump as Trump Tariffs Fuel Bond Selloff  —  The increase in long-end Treasury yields prompted a rise in European counterparts, though the selloff in Europe was less intense  —  U.S. Treasury yields continued to surge after President Trump's sweeping duties …
Colby Smith / New York Times:
U.S. Bond Sell-Off Raises Questions About ‘Safe Haven’ Status
Discussion: Reuters, Bloomberg and Semafor
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 …
RELATED:
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
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.
Alan Blinder / New York Times:
Trump Has Targeted These Universities.  Why?  —  President Trump has set his sights on defunding colleges, singling out some of the world's wealthiest schools in what critics say is an attack on academic freedom.  —  The Trump administration is seeking to exert extraordinary influence …
RELATED:
New York Times:
Trump Administration Freezes $1 Billion for Cornell and $790 Million for Northwestern, Officials Say
Michael Daly / The Daily Beast:
'I Know Musk's Secret Blueprint to Destroy Social Security from The Inside'  —  COLD AND CALCULATED  —  “I'm almost certain that the goal is privatization,” one 15-year veteran of the agency tells the Daily Beast.  —  EXCLUSIVE  —  Rennie Glasgow took a pay cut when he left a job in sales …
Discussion: Raw Story
Jason Koebler / 404 Media:
Inside a Powerful Database ICE Uses to Identify and Deport People  —  A powerful Immigration and Customs Enforcement (ICE) database, parts of which have been seen by 404 Media, allows the federal government to search for and filter people by hundreds of different, highly specific categories.
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: New Republic, Townhall and Deseret News
David Corn / Mother Jones:
Gabbard's Pick to Run Counterterrorism Center Aided Start of a Right-Wing Paramilitary Group  —  Joe Kent, a promoter of conspiracy theories, has long associated with extremists.  —  When Tulsi Gabbard, the director of national intelligence, went looking for someone to head …
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.
Politico:
Loomer sets her sights on Trump's nominee to serve as Pentagon's top lawyer  —  The far-right activist questioned the loyalty of Earl Matthews, Trump's nominee to serve as general counsel at the Department of Defense.  —  Far-right activist Laura Loomer has chosen her next target in her campaign …
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
Reuters:
Exclusive: Kash Patel removed as acting ATF director, replaced by Army Secretary, sources say  —  FBI Director Kash Patel was removed as the Acting Director of the Bureau of Alcohol, Tobacco, Firearms and Explosives and replaced by U.S. Army Secretary Daniel Driscoll, four people familiar with the matter said on Wednesday.
Discussion: Reuters and Breitbart
Wall Street Journal:
Why Musk vs. Navarro Matters  —  The fight reflects the competing factions in Trump's coalition.  —  Elon Musk opined on the internet Tuesday that White House trade adviser Peter Navarro is “truly a moron” and “dumber than a sack of bricks.”  Mr. Navarro had told a TV show that Mr. Musk …
 
 
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 More Items: 
Rep. Troy A. Carter, Sr / The Hill:
Lavish Trump spending undermines public trust
Kelsie Hoffman / CBS News:
RFK Jr. says he's “not familiar” with all health program cuts in exclusive interview
Discussion: STAT
Anna Giaritelli / Washington Examiner:
DOJ deals ‘major blow’ to Mexican cartels with $509 million drug bust by Coast Guard: Bondi
Discussion: ABC News
KWTX-TV:
High school students post photo on social media standing in front of a Nazi flag
NBC News:
Pete Hegseth senior adviser pushing for Pentagon to cut ties with Scouting America
 Earlier Items: 
Spencer Soper / Bloomberg:
Amazon Cancels Some Inventory Orders From China After Tariffs
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
Reuters:
Has Trump cancelled Christmas? China's decorations makers report no US orders
Discussion: American Thinker
Washington Post:
Kari Lake to be detailed to State Department to dismantle VOA parent agency
Shira Stein / San Francisco Chronicle:
DOGE head denies responsibility for mass firings in private group chat message
Discussion: Raw Story
David Bauder / Associated Press:
AP wins reinstatement to White House events after judge rules government can't bar its journalists
 

 
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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