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The Independent UK
The Independent UK
Oliver O'Connell,Gustaf Kilander,Joe Sommerlad and Katie Hawkinson

Trump’s trade war with China shows no signs of slowing even with phones and electronics being exempted: Live

President Donald Trump’s trade war with China shows no signs of slowing, even after the White House exempted certain tech products from its heavy tariffs.

The U.S. has placed a 145 percent tariff on China, while Beijing has retaliated with a 125 percent tariff on American goods. While Trump later exempted smartphones, laptops, televisions, semiconductors and other electronics, there appears to be no end in sight.

That’s because Trump is waiting for Chinese leader Xi Jinping to call him personally, while Chinese officials are wary of putting Xi on a call that is unpredictable and potentially embarrassing, The New York Times reports.

Meanwhile, businesses that rely on Chinese products are in turmoil and many have had to halt shipments entirely under the heavy tariffs.

The toy industry is among those most impacted, with China accounting for 80 percent of all imports of toys and sporting goods, according to the Times. Now, owners warn simple toys like dolls could soon become luxuries.

However, tech companies like Tesla and Apple — which produces most of its iPhones in China — will continue to benefit thanks to Trump’s electronics exemption.

Key Points

  • Howard Lutnick says tariffs on smartphones ‘coming soon’ after Apple gets China reprieve
  • Trump admin insists 'America cannot rely on China' while exempting China from electronics tariffs
  • Trump exempts phones, other electronics from China tariffs
  • As tariffs put trade between China and the US in peril, Chinese businesses ponder the future

Public believes the wealthy and large corporations will benefit the most from Trump’s tariff plan

20:30 , John Bowden

The public overwhelmingly believe that the wealthiest Americans and large corporations will benefit the most as Donald Trump seeks to re-orient the American economy through a dizzying, rapidly shifting trade strategy.

Keep reading:

Public believes the wealthy will benefit the most from Trump’s tariff plan

Donald Quixote and the stock market meltdown: Inside Trump’s failed tariff gamble

20:02 , Richard Hall

Donald Trump has made an art form of selling his failures as triumphs, and this week’s capitulation on tariffs was his Mona Lisa.

Keep reading:

Donald Quixote and the stock market meltdown: Inside Trump’s failed tariff gamble

China calls on U.S. to 'completely cancel' tariffs

19:30 , Katie Hawkinson

Chinese officials are calling on President Donald Trump to “completely cancel” his tariffs on their goods.

"We urge the US to take a big step to correct its mistakes, completely cancel the wrong practice of 'reciprocal tariffs' and return to the right path of mutual respect," the Chinese commerce ministry said in a statement, according to the BBC.

This comes after Trump placed 145 percent tariffs on Chinese goods, and Beijing responded with reciprocal tariffs of 125 percent.

Trump's approval rating on economy, inflation drop amid trade war: poll

19:00 , Katie Hawkinson

A new CBS News/YouGov poll shows President Donald Trump’s economic approval rating has dropped amid his chaotic tariff policies and his escalating trade war with China.

Nearly 60 percent of respondents disapprove of his tariffs, while 56 percent disapprove of Trump’s handling of the economy. This means his economic approval rating is down four points from March, the poll shows.

Meanwhile, fifty-three percent of respondents said they felt the economy is getting worse.

President Donald Trump’s economic approval rating has dropped since March amid his new tariffs (Copyright 2025 The Associated Press. All rights reserved.)

Experts doubt Trump team’s plan to reach 90 trade deals in three months

18:30 , Katie Hawkinson

President Donald Trump and his team want to reach trade deals with 90 countries in as many days — and experts say there’s “no way” he can achieve that mark.

Keep reading:

Experts doubt Trump team’s plan to reach 90 trade deals in three months

ANALYSIS: With tariffs and ‘coal-powered AI’, tech might finally be getting real again

18:00 , Katie Hawkinson

The tech industry is scrambling to mitigate the worst effects of President Donald Trump’s tariffs — and it could change the tech landscape permanently.

Read more from The Independent’s technology editor, Andrew Griffin:

This week, Donald Trump admitted something very shameful about technology

SNL’s Colin Jost and Michael Che mock Donald Trump’s tariffs U-turn in Weekend Update skit

17:12 , Ellie Muir

Saturday Night Live’s Weekend Update co-anchor Colin Jost kicked off the latest episode with a segment mocking Donald Trump’s U-turn on tariff policies.

Keep reading:

SNL’s Colin Jost and Michael Che mock Donald Trump’s tariffs U-turn

Howard Lutnick says tariffs on smartphones ‘coming soon’ after Apple gets China reprieve

16:30 , John Bowden

Commerce Secretary Howard Lutnick and other Trump administration officials continued to defend Donald Trump’s tariff regime Sunday as the nation braces for another week of volatility and the potential of further U-turns by the president - including on a recent electronics exemption.

Keep reading:

Trump official says tariffs on smartphones ‘coming soon’ after Apple’s China reprieve

Trump tariffs on China could do 'irreversible' damage to U.S. businesses

16:00 , Katie Hawkinson

President Donald Trump’s trade war with China could do “irreversible” damage to U.S. businesses, according to a new report.

Stephen Lamar, CEO of the American Apparel & Footwear Association, tells CNBC the tariffs are disrupting supply chains at levels not seen since the height of the COVID-19 pandemic.

“With prohibitively high tariff levels on U.S. imports from China, many companies have no choice but to cancel orders,” Lamar said.

“The constant switchbacking means new tariff costs are not accurately presented or predictable until the goods arrive at the port, and the high rates are generating bills that can’t be paid. That is not a risk or burden small business can sustain,” he added.

“An extension of the trade war pause to U.S. imports from China is needed now before the damage is irreversible.”

SNL mocks ‘messiah’ Trump over chaotic tariffs policy

15:30 , Oliver O'Connell

Saturday Night Live once again skewered President Donald Trump over his tariffs policy and continued trade war with China, following on from last week’s “Liberation Day” cold open.

Keep reading:

SNL mocks ‘messiah’ Trump over chaotic tariffs policy with Easter-themed cold open

Toy makers suffers under Trump's China tariffs

15:00 , Katie Hawkinson

Toymakers are bracing for rising prices and falling sales as President Donald Trump places 145 percent tariffs on China — and Beijing retaliates with its own 125 percent tariffs.

Nearly 80 percent of all toys sold in the U.S. are made in China — meaning what were once cheap toys could soon become luxuries, CNN reports.

Major toymakers like Mattel and Hasbro are also seeing their stocks sink, CNBC reports, as Trump’s trade war with Xi Jinping shows no signs of slowing.

Toy prices will soon skyrocket thanks to Trump's trade war with China (Getty Images)

As tariffs put trade between China and the US in peril, Chinese businesses ponder the future

14:24 , Associated Press

When the first two rounds of 10% tariffs hit, Zou Guoqing, a Chinese exporter, groaned but didn't find the barriers insurmountable. He gave up some of his profits and offered his client, a snow-bike factory in Nebraska, price cuts ranging from 5% to 10%. It seemed to work: The factory agreed to a new order of molds and parts.

But when President Donald Trump announced an additional 34% universal tariff on Chinese goods on April 2, Zou, who’s been exporting to the U.S. for more than a decade, was incredulous.

Read more:

As tariffs put trade between China and the US in peril, Chinese businesses ponder the future

ICYMI: Trump exempts phones, computers and other electronics from his tariffs on Chinese goods

14:23 , Josh Marcus

Smartphones, computers, flash drives, semiconductors and solar cells will be exempt from the Trump administration’s wide-ranging tariffs on China and other nations, according to guidance from U.S Customs and Border Protection released late Friday night.

The policy is a boon to U.S. tech companies such as Apple, which produces most of its iPhones in China.

“This is the dream scenario for tech investors,” Dan Ives, global head of technology research at Wedbush Securities, told CNBC. “Smartphones, chips being excluded is a game-changer scenario when it comes to China tariffs.”

Keep reading:

Trump exempts phones, computers and other electronics from tariffs on Chinese goods

AOC and Bernie Sanders blast Trump and Musk at largest anti-oligarchy rally yet

14:00 , Oliver O'Connell

A staggering 36,000 people protested Donald Trump’s administration in Los Angeles Saturday, at the largest rally to date of Vermont Senator Bernie Sanders and New York Rep. Alexandria Ocasio-Cortez’s “Fighting Oligarchy” tour

In fiery remarks, the New Yorker laid into the president, accusing him of “manipulating the markets” for his billionaire friends with his “tariff shuffle” this week, in which Trump pulled a dramatic U-turn on the implementation of his trade war against U.S. commercial partners and allies.

Taking to the stage at Gloria Molina Grand Park in Downtown Los Angeles, Sanders noted that the crowd went back half a mile, before saying that Musk had said most of the people attending these rallies were paid organizers. He asked the crowd: “Anybody here get paid to come today?”

The question was met with a resounding: “No!”

Continue reading...

AOC and Bernie Sanders blast Trump and Elon Musk at largest anti-oligarchy rally yet

Trump takes questions on short flight to UFC fight

13:30 , Oliver O'Connell

On his 23-minute flight from Palm Beach to Miami for the UFC fight this evening, President Donald Trump came back to the press cabin to speak with reporters for about three minutes on Iran talks, Russia talks, the Texas Senate primary, and tariff exemptions.

President Donald Trump speaks to the reporters on board Air Force One on the way to Miami, Saturday, April 12, 2025 (AP)

“So we're going to the fight. We have lots of fights going around the world, and I think we have a lot of good news coming soon about some of those fights, and we'll see how it goes. But it's been a, it's been an interesting weekend. I think we have some pretty good news coming on some of the conflicts.”

On the talks this weekend with Iran in Oman, the president said: “I think they’re going OK. Nothing matters until you get it done. So I don’t like talking about it.”

On talks with Russia about ending its war on Ukraine, Trump said: “I think Ukraine-Russia might be going OK. And you’re going to be finding out pretty soon. There’s a point at which you have to either put up or shut up. We’ll see what happens, but I think it’s going fine.”

Asked about tariff exemptions for electronics and the possibility of upcoming semiconductor tariffs, the president said: “I’ll give you that answer on Monday. We’ll be very specific. But we’re taking in a lot of money. As a country, we’re taking in a lot of money.”

And on the Texas Senate primary between Ken Paxton and John Cornyn, Trump said: “They’re both friends of mine. They’re both good men. And I don’t know. We don’t know who else is running, but these two— Ken, John —they’re both friends of mine. So I’ll make a determination at the right time.”

In a response to a separate question, the president noted that inflation is down and immigration numbers are down at the border.

Trump’s auto tariffs expected to cost industry over $100 billion, with millions fewer cars sold

13:00 , Oliver O'Connell

Despite the on-off nature of President Donald Trump’s tariffs on U.S. trading partners, among those that still stand is the 25 percent import tax on imported vehicles that went into effect on April 3.

Wall Street and automotive industry analysts foresee massive global implications for the industry if these tariffs remain in place, with vehicle sales plummeting by millions as prices for both new and used cars surge, according to reporting by NBC News.

Read on...

Trump’s auto tariffs could cost industry over $100bn, with millions fewer cars sold

Lara Trump asks Lutnick if president is in driver's seat on trade deals

12:30 , Oliver O'Connell

Commerce Secretary Howard Lutnick appeared on Lara Trump’s Fox News show this evening to assure Americans that President Donald Trump is in the driving seat on trade negotiations and tariffs.

Lutnick went on to say that the president will personally participate in negotiations with the top 10 or 15 most important countries “because he can understand their economies the best...”

Yikes.

It’s ‘beyond wild’ nobody is questioning Trump’s mental fitness, says Jasmine Crockett

12:00 , Oliver O'Connell

It’s “beyond wild” that people are not questioning Donald Trump’s mental fitness amid his ongoing onslaught of tariffs against U.S. trading partners, Jasmine Crockett says.

During an appearance on MSNBC, the Texas Democratic Representative compared living through a second-term Trump administration, with its unprecedented emergency policymaking on immigration and the economy, to being in an “abusive relationship.”

Josh Marcus has the story.

Jasmine Crockett says it’s ‘wild’ that nobody is questioning Trump’s mental fitness

Trump took cognitive test in annual physical, he tells reporters, claiming full report coming Sunday

11:00 , Oliver O'Connell

President Donald Trump told reporters on Air Force One on Friday evening that as part of his annual physical, he took a cognitive test.

“I got every answer right,” he announced.

Stay tuned for that later today...

‘I got every one right!’ Trump took cognitive test in physical, he tells reporters

Trump tries to have it both ways on border emergency, expert argues

10:00 , Oliver O'Connell

A presidential order on Friday regarding troops at the U.S. border may seem like more of the same — thousands are at the boundary line already — but it actually marks a dramatic escalation in Trump’s use of emergency powers, according to Elizabeth Goitein, co-director of the Liberty and National Security Program at the Brennan Center for Justice.

The order directs the military to take control of federal lands along the border, effectively turning these areas into military installations.

In doing so, the administration argues, soldiers can temporarily detain migrants who cross the border in these locations, using powers they’d use at any other military base to detain someone breaking in.

Read on...

Inside Trump’s ‘crazy’ order for the military to take control of border buffer zone

Experts doubt Trump team’s plan to reach 90 trade deals in three months

09:00 , Oliver O'Connell

Katie Hawkinson reports from Washington, D.C.

President Donald Trump and his team want to reach trade deals with 90 countries in as many days — and experts say there’s “no way” he can achieve that mark.

White House trade adviser Peter Navarro told Fox Business the Trump administration will “run 90 deals in 90 days.” His proclamation comes after Trump issued blanket tariffs of at least 10 percent on nearly every country — then placed a 90-day pause on most of the tariffs Wednesday.

Navarro added Trump will be “the boss” and “chief negotiator” of these supposed deals: “Nothing is done without him looking very carefully at it.”

U.S. Trade Representative Jamieson Greer similarly said that a team of 200 people are “working around the clock” to get deals “to a point where the president can close” them.

But economists say it’s not going to happen with the Senate having only confirmed one other senior Treasury Department official and the administration already being stretched thin.

Read on...

Experts doubt Trump team’s plan to reach 90 trade deals in three months

COMMENT: Insider trading accusations against Trump should not be a laughing matter – but they are

08:00 , Oliver O'Connell

Chris Blackhurst writes:

In Donald Trump, America has a president who combines business with politics. So far, we’ve witnessed Trump and golf, Trump and social media, Trump and cyber, Trump and real estate, Trump and artefacts. This is an elected leader who shamelessly plugs the Trump family business interests while seeking to serve his country.

Now comes Trump and tariffs.

Read on...

Insider trading accusations against Trump should not be a laughing matter

In pictures: AOC and Bernie Sanders hold largest 'Fighting Oligarchy' rally to date

07:00 , Oliver O'Connell

PHOTO COLLECTION: AOC Bernie Sanders

Watch: 'A crisis of confidence in the competence of the administration'

06:30 , Oliver O'Connell

University of Michigan Economics Professor Justin Wolfers offers his take on the Trump administration’s tariffs policy as markets end a turbulent week.

SNL mocks ‘messiah’ Trump over chaotic tariffs policy

05:52 , Oliver O'Connell

Saturday Night Live once again skewered President Donald Trump over his tariffs policy, following on from last week’s “Liberation Day” cold open.

James Austin Johnson returned to Studio 8H at 30 Rockefeller Plaza as the president in an Easter-themed sketch that began with Jesus, played by Mikey Day, casting the moneylenders out of the temple on his arrival in Jerusalem.

The Biblical tableau froze as SNL’s Trump appeared.

Read on...

SNL mocks ‘messiah’ Trump over chaotic tariffs policy with Easter-themed cold open

Watch: Trump appears to snub RFK Jr's wife, actor Cheryl Hines

05:47 , Oliver O'Connell

President Donald Trump appeared to ignore Cheryl Hines, the actor married to his Health and Human Services Secretary Robert F Kennedy Jr, at tonight’s UFC fight.

In the past, Hines has said she supports her husband, not the president, but has since been seen socializing at Mar-a-Lago.

Famous for her role in Curb Your Enthusiasm, the internet delivered and someone added the famous theme music to the moment.

The New York Post later reported that the two were seen together, with the president holding her hand as he spoke with Hines and Kennedy.

Watch: SNL's Trump interrupts Jesus's cleansing of the temple

05:24 , Oliver O'Connell

Trump says fate of ICE deportees at notorious prison up to El Salvador president

04:29 , Oliver O'Connell

The Trump administration stated on Saturday that Kilmar Abrego Garcia, the Maryland resident mistakenly deported to El Salvador, is “alive and secure” at a terrorism confinement center there.

A U.S. judge demanded updates on the Trump administration's efforts to “facilitate” his return, per a Supreme Court ruling.

Just hours later on Truth Social, President Donald Trump said he was looking forward to meeting with President Nayib Bukele of El Salvador on Monday at the White House.

Despite an earlier statement claiming he would bring Abrego Garcia back if instructed by the Supreme Court, Trump appeared to deflect, saying that those deported “are now in the sole custody of El Salvador ... their future is up to President B and his Government.”

Read on...

Trump says fate of ICE deportees at notorious prison up to El Salvador president

BlackRock CEO thinks we might already be in a recession

04:04 , Oliver O'Connell

As the stock market turbulence prompts fears that the U.S. could soon be in a recession, an investment management firm executive believes we’re already there.

President Donald Trump’s back-and-forth approach to his tariff policy — announcing an across-the-board tax one week and then pausing it the next — has caused the markets to go wild.

In just a week’s span, the market has endured historic drops — after the president unveiled his new “Liberation Day” tariffs — and historic gains — after Trump announced a 90-day pause. But with some levies still in effect and others set to return in a few months, the gains haven’t curbed fears of uncertainty over the future of the U.S. economy.

“I think we’re very close, if not [already] in, a recession now,” BlackRock CEO Larry Fink warned on CNBC’s “Squawk on the Street” on Friday.

Kelly Rissman reports from New York.

BlackRock CEO thinks we might already be in a recession

ICYMI: Judge allows Trump administration to deport Columbia student

03:30 , Oliver O'Connell

An immigration court judge has determined that Donald Trump’s administration can deport a Columbia University student activist for his involvement in pro-Palestine demonstrations on campus.

The administration’s claims that Mahmoud Khalil poses “adverse foreign policy consequences” for the United States is “facially reasonable,” according to assistant chief immigration judge Jamee Comans.

The arrest of Khalil — who is currently detained in a Louisiana facility more than 1,300 miles from New York, where his U.S. citizen wife is imminently expected to give birth — has sparked international outrage and fears that the Trump administration is moving to crush political dissidents, starting with campus demonstrations against Israel’s devastating campaign in Gaza and U.S. support.

Alex Woodward reports.

Trump can deport Mahmoud Khalil for his pro-Palestine activism, judge says

Watch: Trump enters UFC 314 in Miami with family and Cabinet members

03:24 , Oliver O'Connell

President Donald Trump entered the arena with Kai Trump, Dana White, and Congressman Byron Donalds, among others.

Also seated near him in addition to those who flew down from Palm Beach, were Secretary of State Marco Rubio, Health and Human Services Secretary Robert F. Kennedy Jr and his wife, Cheryl Hines.

President Trump also shook hands with Joe Rogan, Shaquille O’Neal, and Dave Portnoy of Barstool Sports (who has been critical of the administration in recent weeks).

Watch: Lara Trump asks Lutnick if president is in driver's seat on trade deals

03:14 , Oliver O'Connell

Commerce Secretary Howard Lutnick appeared on Lara Trump’s Fox News show this evening to assure Americans that President Donald Trump is in the driving seat on trade negotiations and tariffs.

Lutnick went on to say that the president will personally participate in negotiations with the top 10 or 15 most important countries “because he can understand their economies the best...”

Yikes.

AOC and Bernie Sanders blast Trump and Musk at largest anti-oligarchy rally yet

03:00 , Oliver O'Connell

A staggering 36,000 people protested Donald Trump’s administration in Los Angeles Saturday, at the largest rally to date of Vermont Senator Bernie Sanders and New York Rep. Alexandria Ocasio-Cortez’s “Fighting Oligarchy” tour

In fiery remarks, the New Yorker laid into the president, accusing him of “manipulating the markets” for his billionaire friends with his “tariff shuffle” this week, in which Trump pulled a dramatic U-turn on the implementation of his trade war against U.S. commercial partners and allies.

Taking to the stage at Gloria Molina Grand Park in Downtown Los Angeles, Sanders noted that the crowd went back half a mile, before saying that Musk had said most of the people attending these rallies were paid organizers. He asked the crowd: “Anybody here get paid to come today?”

The question was met with a resounding: “No!”

Continue reading...

AOC and Bernie Sanders blast Trump and Elon Musk at largest anti-oligarchy rally yet

Wall Street Journal: Trump is ‘making it up as he goes’ on tariffs, hurting US and allies

02:30 , Oliver O'Connell

Rupert Murdoch’s Wall Street Journal flamed Donald Trump in yet another critical editorial, this time accusing him of “making it up as he goes,” with his tariff decisions hurting the United States and its allies.

“You almost have to smile” when the president claims the shuddering economy is “all going according to plan,” scoffed the editorial Thursday.

The “reality is that Mr. Trump is making it up as he goes, and it would help if he had an actual strategy to deal with China,” the newspaper added.

Mary Papenfuss has the story.

Trump is ‘making it up as he goes,” hurting US, charges Wall Street Journal

Trump takes questions on short flight to UFC fight

02:17 , Oliver O'Connell

On his 23-minute flight from Palm Beach to Miami for the UFC fight this evening, President Donald Trump came back to the press cabin to speak with reporters for about three minutes on Iran talks, Russia talks, the Texas Senate primary, and tariff exemptions.

President Donald Trump speaks to the reporters on board Air Force One on the way to Miami, Saturday, April 12, 2025 (AP)

“So we're going to the fight. We have lots of fights going around the world, and I think we have a lot of good news coming soon about some of those fights, and we'll see how it goes. But it's been a, it's been an interesting weekend. I think we have some pretty good news coming on some of the conflicts.”

On the talks this weekend with Iran in Oman, the president said: “I think they’re going OK. Nothing matters until you get it done. So I don’t like talking about it.”

On talks with Russia about ending its war on Ukraine, Trump said: “I think Ukraine-Russia might be going OK. And you’re going to be finding out pretty soon. There’s a point at which you have to either put up or shut up. We’ll see what happens, but I think it’s going fine.”

Asked about tariff exemptions for electronics and the possibility of upcoming semiconductor tariffs, the president said: “I’ll give you that answer on Monday. We’ll be very specific. But we’re taking in a lot of money. As a country, we’re taking in a lot of money.”

And on the Texas Senate primary between Ken Paxton and John Cornyn, Trump said: “They’re both friends of mine. They’re both good men. And I don’t know. We don’t know who else is running, but these two— Ken, John —they’re both friends of mine. So I’ll make a determination at the right time.”

In a response to a separate question, the president noted that inflation is down and immigration numbers are down at the border.

Courtesy of tonight’s Out of Town pool reporter Brett Samuels of The Hill

President Donald Trump arrives on Air Force One at Miami International Airport on April 12, 2025 (AP)

ICYMI: Trump exempts phones, computers and other electronics from his tariffs on Chinese goods

01:58 , Oliver O'Connell

Smartphones, computers, flash drives, semiconductors and solar cells will be exempt from the Trump administration’s wide-ranging tariffs on China and other nations, according to guidance from U.S Customs and Border Protection released late Friday night.

The policy is a boon to U.S. tech companies such as Apple, which produces most of its iPhones in China.

Josh Marcus reports from San Francisco.

Trump exempts phones, computers and other electronics from tariffs on Chinese goods

Trump heads to Miami for UFC Fight 314

01:41 , Oliver O'Connell

President Donald Trump is currently flying down to Miami from Palm Beach to attend UFC Fight 314.

We have live coverage of the fight here

The president is being joined by, among others, Elon Musk, FBI Director Kash Patel, Director of National Intelligence Tulsi Gabbard, and communications director Steven Cheung.

He will return to Mar-a-Lago after the fight and is scheduled to be back by 1 a.m.

IN FOCUS: ‘Trump’s America feels more like The Handmaid’s Tale every day’

01:30 , Oliver O'Connell

Anna Hart writes:

In Margaret Atwood’s dystopian novel, the Republic of Gilead, a theocratic dictatorship, has overthrown the United States, establishing a society where women are stripped of their rights and forced into reproductive servitude, while men hold all power and authority. While the US is not quite there yet, the dystopian parallels between the series and real life sharpen every day. The Trump administration is one obsessed with a “fertility crisis”, often pitting women against each other. Many leading figures in the administration repeatedly use rhetoric that reduces women to their biological functions as child bearers.

Read on...

‘Trump’s America feels more like The Handmaid’s Tale Every Day’

AOC: 'Oligrachy or democracy... but we cannot have both'

01:23 , Oliver O'Connell

New York Rep. Alexandria Ocasio-Cortez told the 36,000-strong “Fighting Oligarchy” crowd in Los Angeles today: “Oligarchy or Democracy… but we cannot have both.”

She continued: “Los Angeles, I’ve made my choice. We must fight the oligarchy that has created this nightmare. That is why I have never taken money from lobbyists or corporations and it’s why I never will.”

Amid Trump’s tariff threats, Mexico to send water to desperate Texas farmers

01:10 , Oliver O'Connell

President Claudia Sheinbaum announced on Friday that Mexico will provide an immediate water delivery to farmers in Texas. This aims to address its shortfall under a treaty that has created tension in U.S. relations and prompted even more tariff threats by President Donald Trump.

Mexico's inability to maintain its water deliveries sparked a diplomatic dispute with its largest trading partner at a sensitive time in relations between the two countries amid Trump’s escalating trade war with the U.S. neighbor.

Read on...

Mexico to send water to desperate Texas farmers amid Trump’s tariff threats

Sanders thanks supporters for turning out at biggest rally ever

Sunday 13 April 2025 00:35 , Oliver O'Connell

Americans spent 20 percent more on goods facing tariffs after Trump’s announcement

Sunday 13 April 2025 00:30 , Oliver O'Connell

U.S. consumer spending on various goods - including coffee, canned vegetables and electronics - impacted by Donald Trump’s tariffs significantly jumped after the president announced them earlier this month.

Trump announced sweeping tariffs of at least 10 percent on nearly every country on April 2, calling it “Liberation Day” for America. Then, he placed a 90-day pause on most tariffs this week — except for the 125 percent tariff on goods from Chinafollowing historic lows in the stock market.

Now, new data shows Americans rushed to the stores and spent more on certain foods and tech items like iPhones as they braced for Trump’s tariffs to take effect.

Katie Hawkinson reports from Washington, D.C.

Americans spent 20 percent more on goods facing tariffs after Trump’s announcement

AOC blasts Trump's 'tariff shuffle', saying it was about 'manipulating the markets'

Sunday 13 April 2025 00:21 , Oliver O'Connell

New York Rep. Alexandria Ocasio-Cortez didn’t hold back addressing the 36,000-strong “Fighting Oligarchy” crowd in Los Angeles today about the tariff flip-flop performed by President Donald Trump this week.

The New York Democrat said: “Let’s be clear: the White House’s tariff shuffle had nothing to do with manufacturing, despite what they claimed. It was about manipulating the markets. It was about hurting retirees and everyday people in the sell-off—so Trump could quietly enrich his friends, who he tipped off to ‘buy the dip’ before reversing it all in the morning.”

She continued: “Donald Trump is a criminal—convicted on 34 felony counts of fraud. He is lying, and he is manipulating the stock market too. At his best, he enriches himself, the billionaires who back him, and the members of Congress who trade with him. Not you. Not me. Not the people.”

Watch that moment below:

Trump’s auto tariffs expected to cost industry over $100 billion, with millions fewer cars sold

Sunday 13 April 2025 00:05 , Oliver O'Connell

Despite the on-off nature of President Donald Trump’s tariffs on U.S. trading partners, among those that still stand is the 25 percent import tax on imported vehicles that went into effect on April 3.

Wall Street and automotive industry analysts foresee massive global implications for the industry if these tariffs remain in place, with vehicle sales plummeting by millions as prices for both new and used cars surge, according to reporting by NBC News.

Read on...

Trump’s auto tariffs could cost industry over $100bn, with millions fewer cars sold

Trump to meet El Salvador leader, says not up to him what happens to those wrongly deported

Sunday 13 April 2025 00:02 , Oliver O'Connell

The Trump administration confirmed today that Kilmar Abrego Garcia, the Maryland father who was wrongly deported to El Salvador, is alive but confined in a notorious anti-terrorism prison controlled by the Salvadoran government.

“He is alive and secure in that facility. He is detained pursuant to the sovereign, domestic authority of El Salvador,” Michael Kozak, a top State Department official, stated in a two-page written declaration submitted to a judge under penalty of perjury.

The limited information Kozak provided fell far short of the details demanded by U.S. District Judge Paula Xinis, who had ordered the Trump administration to update her not only on Abrego Garcia’s whereabouts but also on any steps taken to facilitate his return to the United States.

Read more here:

US won't say whether it's facilitating return of mistakenly deported man, despite judge's order

This statement was followed on Saturday evening with a social media post from President Donald Trump, who said he would be meeting with the president of El Salvador on Monday while appearing to wash his hands of the fate of Abrego Garcia, seemingly leaving that up to the Salvadoran leader.

He wrote on Truth Social:

Looking forward to seeing President Bukele, of El Salvador, on Monday! Our Nations are working closely together to eradicate terrorist organizations, and build a future of Prosperity. President Bukele has graciously accepted into his Nation’s custody some of the most violent alien enemies of the World and, in particular, the United States. These barbarians are now in the sole custody of El Salvador, a proud and sovereign Nation, and their future is up to President B and his Government. They will never threaten or menace our Citizens again!

Bernie Sanders and AOC draw crowd of almost 40,000 in Downtown Los Angeles

Saturday 12 April 2025 23:50 , Oliver O'Connell

Senator Bernie Sanders and Rep. Alexandria Ocasio-Cortez are holding their largest rally to date on their “Fighting Oligarchy” tour of the country, drumming up support in protest of Donald Trump’s administration and the involvement of Elon Musk.

In their largest event so far, between 36,000 and 40,000 people gathered in Downtown Los Angeles today to hear them speak, with Sanders noting that there are people standing half a mile away from the stage.

Sanders and Ocasio-Cortez were joined by fellow Democrats Ro Khanna, Pramila Jayapal, and Maxwell Frost, among others.

On a spin through the western states, the Fighting Oligarchy tour next travels to Salt Lake City, Utah; Nampa, Idaho; Bakersfield, California; Folsom, California; and Missoula, Montana.

DOGE takes over key website that handles distribution of $500bn in federal grants

Saturday 12 April 2025 23:45 , Oliver O'Connell

Elon Musk’s Department of Government Efficiency program has reportedly embedded itself within a key federal website handling over $500 billion in annual grant funding for agencies across the government.

DOGE will reportedly review and approve opportunities on grants.gov, which posts thousands of notices of grant opportunities each year from agencies such as the Departments of State, Interior and Defense, four unnamed sources close to the effort told The Washington Post.

A DOGE engineer has already removed federal officials’ permissions to post such opportunities without notifying the staffers, according to the sources, further entrenching the DOGE program’s influence on federal spending.

Separately, DOGE will have new authorities to review and approve funding notices from the National Institutes of Health, according to meeting records obtained by the outlet.

Josh Marcus reports from San Francisco.

DOGE takes over website that handles distribution of $500bn in federal grants

It’s ‘beyond wild’ nobody is questioning Trump’s mental fitness, says Jasmine Crockett

Saturday 12 April 2025 23:12 , Oliver O'Connell

It’s “beyond wild” that people are not questioning Donald Trump’s mental fitness amid his ongoing onslaught of tariffs against U.S. trading partners, Jasmine Crockett says.

During an appearance on MSNBC, the Texas Democratic Representative compared living through a second-term Trump administration, with its unprecedented emergency policymaking on immigration and the economy, to being in an “abusive relationship.”

Josh Marcus has the story.

Jasmine Crockett says it’s ‘wild’ that nobody is questioning Trump’s mental fitness

Could Trump's tariffs slow emissions?

Saturday 12 April 2025 23:00 , Oliver O'Connell

President Donald Trump’s sweeping global tariffs have stirred widespread anxiety about a severe economic downturn — and curiosity, for some, about how it might affect the world’s warming climate.

It’s not great.

Could Trump's tariffs slow emissions? Sure, experts say, but at great cost overall

Trump took cognitive test in annual physical, he tells reporters, claiming full report coming Sunday

Saturday 12 April 2025 22:30 , Oliver O'Connell

President Donald Trump told reporters on Air Force One on Friday evening that as part of his annual physical, he took a cognitive test.

“I got every answer right,” he announced.

Read on...

‘I got every one right!’ Trump took cognitive test in physical, he tells reporters

White House asked secret behind Trump looking ‘healthier than ever before’

Saturday 12 April 2025 22:00 , Oliver O'Connell

...yeah, this really happened.

Justin Baragona reports:

White House press secretary Karoline Leavitt ended Friday’s press briefing by calling on Cara Castronuova, a former boxer and failed MAGA candidate who now works at the pro-Trump propaganda network run by MyPillow CEO and 2020 election conspiracy theorist Mike Lindell.

Absolutely teeing up her question to Leavitt, the Lindell TV “reporter” wondered if the White House would be able to share Donald Trump’s secret “fitness plan” because the 78-year-old president looks “healthier than ever before” and better than when he first began running for political office.

Continue reading...

MyPillow reporter wants to know secret to Trump looking ‘healthier than ever before’

Experts doubt Trump team’s plan to reach 90 trade deals in three months

Saturday 12 April 2025 21:30 , Oliver O'Connell

Katie Hawkinson reports from Washington, D.C.

President Donald Trump and his team want to reach trade deals with 90 countries in as many days — and experts say there’s “no way” he can achieve that mark.

White House trade adviser Peter Navarro told Fox Business the Trump administration will “run 90 deals in 90 days.” His proclamation comes after Trump issued blanket tariffs of at least 10 percent on nearly every country — then placed a 90-day pause on most of the tariffs Wednesday.

Navarro added Trump will be “the boss” and “chief negotiator” of these supposed deals: “Nothing is done without him looking very carefully at it.”

U.S. Trade Representative Jamieson Greer similarly said that a team of 200 people are “working around the clock” to get deals “to a point where the president can close” them.

But economists say it’s not going to happen with the Senate having only confirmed one other senior Treasury Department official and the administration already being stretched thin.

Read on...

Experts doubt Trump team’s plan to reach 90 trade deals in three months

Trump tries to have it both ways on border emergency, expert argues

Saturday 12 April 2025 21:00 , Josh Marcus

A presidential order on Friday regarding troops at the U.S. border may seem like more of the same — thousands are at the boundary line already — but it actually marks a dramatic escalation in Trump’s use of emergency powers, according to Elizabeth Goitein, co-director of the Liberty and National Security Program at the Brennan Center for Justice.

The order directs the military to take control of federal lands along the border, effectively turning these areas into military installations.

In doing so, the administration argues, soldiers can temporarily detain migrants who cross the border in these locations, using powers they’d use at any other military base to detain someone breaking in.

Goitein, in an X thread on Saturday, argued the administration is trying to use legal gymnastics to get around hard lines in federal law like the Posse Comitatus Act, which mostly bars the military from being used in domestic law enforcement, and another law requiring congressional authorization for the Defense Department to take control of federal lands unless during a war or national emergency.

As Gotein points out, the administration declared in January that the country was in the midst of an “invasion” national emergency because of the situation at the border, though by this month, Trump claimed, “The Invasion of our Country is OVER.”

“It is high time Congress and the courts put an end to all of these power grabs,” the expert wrote on X. “Immigration laws can and should be enforced through lawful means, without abusing emergency powers, misappropriating wartime authorities, or trying to skirt the Posse Comitatus Act.”

Inside Trump’s ‘crazy’ order for the military to take control of border buffer zone

Stock futures markets trading up on news of Trump tariff carveout

Saturday 12 April 2025 20:38 , Josh Marcus

Futures markets for the Dow Jones, S&P 500, and Nasdaq were all registering gains of over 1.5 percent midday Saturday, as traders appeared to breathe a sign of relief on the news that the Trump administration was exempting large parts of the electronics trade from its tariff agenda.

Apparel industry warns of 'irreversible' damage from tariffs

Saturday 12 April 2025 20:08 , Josh Marcus

Trump may have given those in the electronics world a reprieve from his tariff agenda, but uncertainty is still permeating other parts of the U.S. economy.

The apparel sector, which makes much of its product in China, is reportedly faced down existential changes if the tariffs remain, according to Stephen Lamar, CEO of the American Apparel & Footwear Association.

“With prohibitively high tariff levels on U.S. imports from China, many companies have no choice but to cancel orders,” he told CNBC on Saturday. “The constant switchbacking means new tariff costs are not accurately presented or predictable until the goods arrive at the port, and the high rates are generating bills that can’t be paid. That is not a risk or burden small business can sustain.”

“An extension of the trade war pause to U.S. imports from China is needed now before the damage is irreversible,” he added.

U.S. companies begin adding surcharges to bills to account for tariffs

Saturday 12 April 2025 19:38 , Josh Marcus

The Trump administration has made two key, and at times seemingly clashing, economic promises: that it will use tariffs to crack down on unscrupulous trading partners, and that it will lower prices for regular Americans on a variety of necessary goods.

These two goals are already seemingly coming into conflict.

U.S. companies importing goods from abroad are the ones who pay for tariffs, and they are reportedly now adding extra charges to bills on everything from bathroom fixtures to toys to make up for the extra costs.

Jolie, which makes high-end shower heads, is planning to add a fee it calls the “Trump Liberation Tariff” to online orders to reflect the change.

“We think transparency is the way to go here, and I am giving Trump full credit for his decision to add this tariff to all American consumers,” chief executive Ryan Babenzien told The Wall Street Journal.

Warren argues Trump tariff chaos opens the door to corruption

Saturday 12 April 2025 19:08

Senator Elizabeth Warren argues that in addition to market chaos, corruption is another worrying side effect to Trump’s tariff agenda.

“Apple CEO Tim Cook donated $1 million to Donald Trump’s inauguration,” she wrote on X, reacting to the news of the administration’s decision to exempt large parts of the electronics trade from the tariffs. “Looks like he’s getting a big return on his investment.”

“Trump’s on-and-off-again tariffs leave the door wide open for billionaire corporations to suck up for corrupt deals — while leaving small businesses, farmers, and families out in the cold,” she went on.

Trump admin insists 'America cannot rely on China' while exempting China from electronics tariffs

Saturday 12 April 2025 18:33 , Josh Marcus

The Trump administration is racing to explain its decision Friday to exempt large parts of the electronics trade from the administration’s “Liberation Day” tariff agenda.

The White House has framed its tariffs as a way to crack down on China and reshore lost U.S. manufacturing, but the Friday move effectively preserves the status quo on a major area of U.S.-China trade, where U.S. tech companies like Apple design their products in America but make them overseas.

“President Trump has made it clear America cannot rely on China to manufacture critical technologies such as semiconductors, chips, smartphones, and laptops,” Press Secretary Karoline Leavitt said in a statement to Politico on Saturday. “That’s why the President has secured trillions of dollars in U.S. investments from the largest tech companies in the world, including Apple, TSMC, and Nvidia. At the direction of the President, these companies are hustling to onshore their manufacturing in the United States as soon as possible.”

Trump exempts phones, computers and other electronics from tariffs on Chinese goods

Incoming Trump tariffs on pharma could hurt patients on popular blood-thinner

Saturday 12 April 2025 18:10 , Josh Marcus

Donald Trump said this week tariffs will soon be announced on the pharmaceutical industry.

“We're going to be announcing very shortly a major tariff on pharmaceuticals. And when they hear that, they will leave China,” Trump said Tuesday at a Republican fundraiser.

The policy could impact access to heparin, a widely used blood anti-coagulant that’s made in China.

“If China retaliates with restrictions on pharmaceutical exports, that would be a serious concern,” Prashant Yadav, a senior fellow for global health at the Council on Foreign Relations, told The Washington Post.

Trump says pharmaceutical tariffs are coming ‘very shortly’

Residents of South Carolina tech hub don't want old manufacturing jobs back under tariffs

Saturday 12 April 2025 17:40 , Josh Marcus

The Trump administration has pursued it’s aggressive tariff policy with the goal of bringing manufacturing jobs that moved overseas back to the U.S.

However, some argue that this reshoring won’t be a positive development, and that the U.S. should instead focus on supporting the kind of high-tech manufacturing that’s stepped in to replace it.

“The textile industry is dead,” Adolphus Jones, 71, a retired textile mill worker from Union, South Carolina, told The New York Times.

The region was once a hub for such manufacturing, where workers were paid low wages and suffered lung conditions from particle exposure. After such work was outsourced, the state has worked to attract companies in the bioscience and renewable energy industries, and credits a large BMW factory with lifting the area’s fortunes once again.

“Why would you want to bring it back here?” Jones said of the region’s textile industry, which has moved to places like China and Vietnam. “Truthfully, why would the younger generation want to work there?”

Tariff carveout for electronics flies in face of Trump officials' promises this week

Saturday 12 April 2025 17:15 , Josh Marcus

Trump officials spent much of the last week trying to explain and justify the president’s ever-evolving tariff policy.

They painted a picture of the blunt-force measures remaining in place without exceptions and bringing high-tech manufacturing back to the U.S.

Commerce Secretary Howard Lutnick told Face the Nation the tariffs would wrench electronics factories back from China, giving jobs to U.S. technicians and mechanics who would aid these highly automated assembly lines.

“The army of millions and millions of human beings screwing in little screws to make iPhones — that kind of thing is going to come to America, it’s going to be automated,” he said.

U.S. Trade Representative Jamieson Greer, for his part, testified in the Senate this week that, “The President has been clear that he's not doing exemptions or exceptions in the near term."

By Friday, however, U.S. officials were announcing that key electronics like smartphones and semiconductors would be exempt from Trump’s tariffs.

Learn more:

Trump exempts phones, computers and other electronics from tariffs on Chinese goods

Cory Booker calls on Trump to investigate 'tragic' shooting of New Jersey teen in West Bank

Saturday 12 April 2025 16:38 , Josh Marcus

New Jersey’s U.S. Senate delegation is calling on Donald Trump to investigate the death of 14-year-old Amer Rabee, a New Jersey teen Israeli soldiers fatally shot last week in the West Bank.

“As New Jersey’s senators, we are calling for a thorough and transparent accounting of the facts and circumstances around Amer Rabee’s death and the actions of Israeli security forces,” Cory Booker and Andy Kim wrote in a letter to the president Friday. “We appreciate the difficult and dynamic nature of the situation, but also underscore our expectation that such an inquiry is possible and should be pursued when an American has died.”

Rabee’s family insists he was out picking almonds with friends, while the Israel Defense Forces claims he was a “terrorist” threatening civilians.

Here’s more detail on what happened.

Family mourns after Israel’s ‘execution’ of US teen Amer Rabee in West Bank

Details still TBD on Trump's new border order

Saturday 12 April 2025 16:08 , Alex Lang

While Trump has ordered the military to take control of land near the U.S.-Mexico border, the details of how it will work are still undetermined.

Officials are still working to determine how to execute the plan or how long troops could detain migrants before turning them over to Border agents, according to the New York Times.

There could also be signs to warn migrants that they are entering a military reservation if they cross the border into the U.S.

Inside Trump’s failed tariff gamble

Saturday 12 April 2025 15:26 , Oliver O'Connell

If you read one thing today...

Richard Hall writes:

Donald Trump has made an art form of selling his failures as triumphs, and this week’s capitulation on tariffs was his Mona Lisa.

Continue reading...

Donald Quixote and the stock market meltdown: Inside Trump’s failed tariff gamble

What is the Roosevelt Reservation?

Saturday 12 April 2025 14:37 , Alex Lang

Trump has ordered the U.S. military to take control of some federal lands. Most notably, the military will be taking over the Roosevelt Reservation.

That is a stretch of land that runs along the U.S.-Mexico border in California, Arizona and New Mexico.

It stretches about 600 miles and is 60 feet wide.

The area was created in 1907 by Theodore Roosevelt to keep the stretch "free from obstruction as a protection against the smuggling of goods between the United States and Mexico."

Kevin O'Leary says we're in 'economic war' with China and calls for 400% tariffs

Saturday 12 April 2025 14:00 , Oliver O'Connell

Businessman and Shark Tank panelist Kevin O’Leary has emerged as one of President Donald Trump’s most vocal supporters in his trade war against China.

In an appearance on CNN this evening, he called for 400% tariffs on China to force President Xi Jinping to the negotiating table — and not just regarding trade.

He reiterated the point, saying it was a “game of chicken” between the two nations, claiming that millions of workers might rise up against Xi if they lose their factory jobs if the U.S. stops buying Chinese goods, with no market to replace it.

O’Leary went on to say that the U.S. is not in a recession — no matter what others say.

Here’s BlackRock CEO Larry Fink saying that we might already be in one:

BlackRock CEO thinks we might already be in a recession

Texas Democrat says Trump trying to 'shift news' from tariffs 'disaster' with military deployment

Saturday 12 April 2025 13:34 , Oliver O'Connell

Reacting to the news that Donald Trump has authorized the military to occupy and take jurisdiction over public land along the southern border, Rep. Greg Casar has accused the president of wanting to change the dominant story of the week — that of the tariffs debacle.

In a presidential memorandum released on Friday evening, Trump says it will be a “phased implementation” that begins on a “limited sector of federal lands” chosen by Defense Secretary Pete Hegseth, but it can be expanded at any time.

Casar, a Texas Democrat, wrote on X: “Trump wants to shift the news off his tariff economic disaster, so he’s deploying the military into our own country and targeting immigrants.”

He added: “Insane, an abuse of our military, and true to form.”

Watch: Man with umbrella vs. doorway

Saturday 12 April 2025 13:00 , Oliver O'Connell

As he departed a rainy Washington, D.C., for Florida on Friday afternoon, President Donald Trump climbed the steps of Air Force One holding a very large umbrella.

Here’s what happened when he got to the top of the steps to board the plane:

In Numbers: What do Trump’s 145% tariffs on China mean and who will be affected?

Saturday 12 April 2025 12:30

With China and the U.S. lashing out in an escalating trade war, Alicja Hagopian and Millie Cooke look at which industries might be hardest hit...

What will Trump’s 145% tariff on China actually do?

Law firm Susman Godfrey sues U.S. government after being targeted by Trump

Saturday 12 April 2025 11:30 , Oliver O'Connell

Law firm Susman Godfrey is suing the U.S. government after being targeted by President Donald Trump in an executive order.

The firm is representing Dominion Voting Systems in its defamation case against Newsmax.

The complaint reads in part:

In America we have, in the words of John Adams, a government of laws and not men. President Trump’s campaign of Executive Orders against law firms and others, including the Executive Order he signed on April 9, 2025 against Susman Godfrey, is a grave threat to this foundational premise of our Republic. The President is abusing the powers of his office to wield the might of the Executive Branch in retaliation against organizations and people that he dislikes. Nothing in our Constitution or laws grants a President such power; to the contrary, the specific provisions and overall design of our Constitution were adopted in large measure to ensure that presidents cannot exercise arbitrary, absolute power in the way that the President seeks to do in these Executive Orders.

Unless the Judiciary acts with resolve—now—to repudiate this blatantly unconstitutional Executive Order and the others like it, a dangerous and perhaps irreversible precedent will be set. Whatever opinions one may hold about President Trump, or about Susman Godfrey’s litigation on behalf of its clients, someday a different president with an entirely different set of policy priorities and personal grievances will sit behind the Resolute Desk. That future president may genuinely believe that an entirely different set of organizations or people have “engage[d] in activities detrimental to critical American interests,” to quote the accusation President Trump has leveled at Susman Godfrey. If President Trump’s Executive Orders are allowed to stand, future presidents will face no constraint when they seek to retaliate against a different set of perceived foes. What for two centuries has been beyond the pale will become the new normal.

Put simply, this could be any of us.

Read the full complaint here

Here’s Justin Baragona with the background on the case:

Trump targets Dominion lawyers on same day judge finds Newsmax defamed voting company

Trump replaces Obama’s White House portrait with painting of his own assassination attempt

Saturday 12 April 2025 10:30 , Oliver O'Connell

Visitors to the White House on Friday were greeted with a new addition to the executive mansion’s art collection — a painting depicting the now-iconic photograph of President Donald Trump raising his fist just moments after a bullet grazed his ear in Butler, Pennsylvania, last July.

White House staff installed the painting just outside the East Room, in the main foyer of the White House, at a location traditionally reserved for a painting depicting the most recent president to have his official portrait unveiled.

Andrew Feinberg reports from Washington, D.C.

Trump moves Obama’s White House portrait to display his assassination attempt photo

Trump’s approval ratings take a beating amid the trade war

Saturday 12 April 2025 09:30 , Oliver O'Connell

Eric Garcia writes:

President Donald Trump had perhaps one the biggest setbacks for his agenda this week. After a whipsaw performance in overnight markets on Tuesday evening, Trump blinked and announced a 90-day pause on his “reciprocal tariffs.”

Trump himself admitted this came after markets got “a little queasy.” It also came after JPMorgan Chase CEO Jamie Dimon, arguably the most respected executive on Wall Street, warned that a recession was likely. It turns out that even as the Republican Congress and the courts largely stand by, one thing that can grind Trump to a halt: the bond market, which went haywire on Tuesday evening.

Read more:

Trump’s approval ratings take a beating amid the trade war

Will the bond market bring down Donald Trump like it did Liz Truss?

Saturday 12 April 2025 08:30 , Oliver O'Connell

Alicja Hagopian writes:

US bond markets erupted on Wednesday as panicked investors scrambled to cash them in in the wake of Donald Trump's tariffs and the trade war that followed.

The yield, or interest rate, for US government 30-year bonds spiked - a possible indicator of economic downturn - forcing the US president to perform a dramatic U-turn that saw him announce a temporary pause on tariffs for all countries but China.

“The bond market is very tricky, I was watching it. But yeah, I saw last night where people were getting a little queasy,” said Mr Trump as he laid out a 90-day pause on retaliatory levies.

The humiliating backtrack has striking similarities with Liz Truss’s rapid downfall as prime minister - also prompted by the bond market response to her disastrous mini-budget.

Here The Independent looks at the financial turmoil caused by both and what it might mean for Mr Trump's future in the White House.

Will the bonds market bring down Donald Trump like it did Liz Truss?

BlackRock CEO thinks we might already be in a recession

Saturday 12 April 2025 07:30 , Oliver O'Connell

As the stock market turbulence prompts fears that the U.S. could soon be in a recession, an investment management firm executive believes we’re already there.

President Donald Trump’s back-and-forth approach to his tariff policy — announcing an across-the-board tax one week and then pausing it the next — has caused the markets to go wild.

Kelly Rissman reports on comments made by Blackrock’s Larry Fink.

BlackRock CEO thinks we might already be in a recession

After he pulled the plug on tariffs, Trump brags in Oval Office that his billionaire pals made a killing

Saturday 12 April 2025 06:30 , Oliver O'Connell

In a video clip circulating social media, President Donald Trump gleefully recounted how much money his billionaire pals made on the stock market after he suddenly suspended most of his worldwide tariffs.

Mary Papenfuss has the story.

Trump brags that billionaire pals made a killing after he pulled the plug on tariffs

Why Trump’s tariff pause has not stopped the risk of global recession

Saturday 12 April 2025 05:30 , Oliver O'Connell

Rachel Clun reports:

Economic experts have told The Independent the risk of a global recession remains despite the 90-day delay in Donald Trump’s aggressive tariff increases.

Trump made an abrupt U-turn on Wednesday when he announced the three-month pause to all affected countries bar China, following economic meltdown and widespread backlash.

But Pau S Pujolas, who wrote a study that was cited by the Trump administration to justify the tariff hikes, says the president’s “recklessness” means it may be too little, too late.

Read on...

Why Trump’s tariff pause has not stopped the risk of global recession

Wall Street Journal says Trump is ‘making it up as he goes,’ hurting US and allies

Saturday 12 April 2025 05:00 , Oliver O'Connell

Rupert Murdoch’s Wall Street Journal flamed Donald Trump in yet another critical editorial, this time accusing him of “making it up as he goes,” with his tariff decisions hurting the United States and its allies.

“You almost have to smile” when the president claims the shuddering economy is “all going according to plan,” scoffed the editorial Thursday.

The “reality is that Mr. Trump is making it up as he goes, and it would help if he had an actual strategy to deal with China.,” the newspaper added.

Mary Papenfuss reports.

Trump is ‘making it up as he goes,” hurting US, charges Wall Street Journal

Taiwan holds first tariff talks with United States

Saturday 12 April 2025 04:49 , Reuters

Taiwanese officials held their first tariff talks with U.S. officials on Friday, the island's government said on Saturday.

The two sides exchanged views on a video conference on reciprocal tariffs between Taiwan and the United States, non-tariff barriers to trade, and a number of other economic and trade issues, including export controls, Taiwan's Office of Trade Negotiations said in a statement.

Citing Trump, DOJ ends wastewater agreement in Black majority Alabama county

Saturday 12 April 2025 04:30 , Oliver O'Connell

The U.S. Department of Justice announced Friday that it is ending a settlement agreement regarding wastewater problems in a rural Alabama county where most residents are Black, closing an environmental justice probe launched by the Biden administration.

Justice Department officials said they were ending the agreement reached with the state regarding wastewater issues in Lowndes County. Federal officials said the decision follows President Donald Trump’s executive order forbidding federal agencies from pursuing diversity, equity and inclusion initiatives.

Read on...

DOJ ends environmental justice agreement in Alabama county citing Trump

Trump took cognitive test in annual physical. He says full report coming Sunday

Saturday 12 April 2025 04:00 , Oliver O'Connell

President Donald Trump told reporters on Air Force One on Friday evening that as part of his annual physical, he took a cognitive test.

“I got every answer right,” he announced.

Read on...

Trump says he took cognitive test in annual physical. Full report coming Sunday

Press secretary claims 15 offers on table after 75 countries reached out for trade deals

Saturday 12 April 2025 03:40 , Oliver O'Connell

In an appearance on Fox News this evening, White House Press Secretary Karoline Leavitt claimed that not only is the first Trump trade deal close to being finished but also “more than 15 offers are on the table” from other countries out of the supposed 75 that have reached out to the administration.

“I'm told that deal number 1 is close to being finished, is that true?” asked Sean Hannity.

Leavitt replied: “It is a true. We believe there could be several deals very soon. More than 75 countries have reached out to the administration, more than 15 offers are on the table. And the president’s trade team and the president himself are working very hard to negotiate tailor-made trade deals with every country that has reached out.”

She continued: “No other president has had the courage to fully use the leverage of the United States of America. Not just our economic might but our military and national security might as well.”

The White House has refused to provide any list of countries looking to negotiate new trade terms with the U.S., as Gustaf Kilander reports.

White House refuses to provide list of countries it says reached out with tariff deal

Judge rules Trump admin can't cut Maine school lunch money over trans athlete policy

Saturday 12 April 2025 03:30 , Oliver O'Connell

A federal judge ruled on Friday that the Trump administration cannot cut off Maine's federal school lunch funding due to the state's refusal to ban transgender women from sports.

U.S. District Judge John Woodcock Jr. did not weigh in on the dispute over Maine's transgender athlete policies but determined that the U.S. Department of Agriculture failed to follow proper legal procedures under the Administrative Procedure Act when it froze the grant money used for state nutrition programs.

Maine Attorney General Aaron Frey, whose office filed a lawsuit seeking to block the freeze, said in a statement that the ruling by the judge in Portland, Maine, confirms that the Trump administration did not follow the law when it “cut program funds that go to feed school children and vulnerable adults.”

The dispute stems from President Donald Trump's executive order banning transgender women from participating in women's sports at schools receiving federal funding.

Read the full court order here

Report: Binance seeks to loosen U.S. oversight during deal talks with Trump's crypto company

Saturday 12 April 2025 03:29 , Oliver O'Connell

Binance executives met with U.S. Treasury Department officials last month to discuss reducing government oversight of the company while exploring a deal with President Donald Trump’s crypto venture, World Liberty Financial, according to an exclusive report byThe Wall Street Journal.

Executives from the cryptocurrency exchange sought Treasury officials' assistance in removing a U.S. monitor that oversees its compliance with anti-money laundering laws, as reported by the Journal, citing sources familiar with the discussions.

Additionally, Binance has been negotiating to list a new dollar-pegged cryptocurrency from World Liberty Financial, the report said.

At the meeting, Binance CEO Richard Teng and Chief Legal Officer Eleanor Hughes asked for the removal of monitorship or reduction of its duration and scope, the Journal said.

'Today it is our firm under attack, but tomorrow it could be any of us'

Saturday 12 April 2025 03:10 , Oliver O'Connell

Law firm Susman Godfrey released the following statement after filing a complaint against the U.S. government for being targeted by President Donald Trump: “The executive order targeting Susman Godfrey is unconstitutional and retaliatory. No administration should be allowed to punish lawyers for simply doing their jobs, protecting Americans and their constitutional right to the legal process.”

The statement continues: “Today it is our firm under attack, but tomorrow it could be any of us. As officers of the court, we are duty-bound to take on this fight against illegal executive order.”

Here’s Justin Baragona with the background to the complaint filed by the firm:

Trump targets Dominion lawyers on same day judge finds Newsmax defamed voting company

Could Trump's tariffs slow emissions?

Saturday 12 April 2025 03:00 , Oliver O'Connell

President Donald Trump’s sweeping global tariffs have stirred widespread anxiety about a severe economic downturn -- and curiosity, for some, about how it might affect the world’s warming climate.

Experts say a slowdown in international trade might have a brief and slight benefit in reducing greenhouse gas emissions, which come in part from fuels like gas and oil that are used to move goods around the world via ships, planes and vehicles. But any such benefit in reducing emissions, which cause climate change, will be swamped by sharply rising costs worldwide that will hurt efforts to transition to green energies.

Read on...

Could Trump's tariffs slow emissions? Sure, experts say, but at great cost overall

Texas Democrat says Trump trying to move on from tariffs disaster with military deployment

Saturday 12 April 2025 02:48 , Oliver O'Connell

Reacting to the news that Donald Trump has authorized the military to occupy and take jurisdiction over public land along the southern border, Rep. Greg Casar has accused the president of wanting to change the dominant story of the week — that of the tariffs debacle.

In a presidential memorandum released on Friday evening, Trump says it will be a “phased implementation” that begins on a “limited sector of federal lands” chosen by Defense Secretary Pete Hegseth, but it can be expanded at any time.

Casar, a Texas Democrat, wrote on X: “Trump wants to shift the news off his tariff economic disaster, so he’s deploying the military into our own country and targeting immigrants.”

He added: “Insane, an abuse of our military, and true to form.”

Watch: Trump says dollar will alway be 'currency of choice' and 'will go way up'

Saturday 12 April 2025 02:40

The U.S. dollar has lost 3.5% of its value versus the euro in the past seven days.

Trump says he would follow Supreme Court order to return wrongfully deported Maryland man

Saturday 12 April 2025 02:20 , Oliver O'Connell

President Donald Trump told reporters aboard Air Force One regarding a court order to return to the U.S. a Maryland man wrongfully deported to El Salvador: “If the Supreme Court said bring somebody back, I would do that. I respect the Supreme Court.”

Awkwardly, his administration’s lawyers today refused a court order for updates on the status of Kilmar Abrego Garcia.

Here’s what you need to know about the case, courtesy of Alex Woodward:

Trump lawyers defy court over questions about status of wrongly deported Maryland dad

Why were Homeland Security agents at two LA public schools?

Saturday 12 April 2025 02:00 , Oliver O'Connell

Principals denied access to two Los Angeles public schools this week to Homeland Security officers.

The AP reports on what happened and the reasoning the Department of Homeland Security gave.

Homeland Security says agents went to LA schools to do welfare check on kids in US without parents

D.C. Circuit partially blocks order to stop dismantling of CFPB

Saturday 12 April 2025 01:45 , Oliver O'Connell

As the U.S. teeters on the brink of a possible recession, the D.C. Circuit Court has partially blocked a lower court order aimed at preventing the dismantling of the Consumer Financial Protection Bureau.

Large swathes of the lower court’s order remain in place, including the requirement that the CFPB maintain a physical office and retain records.

Trump fields questions from reporters on flight to Palm Beach

Saturday 12 April 2025 01:35 , Oliver O'Connell

During the flight down to Palm Beach, President Donald Trump fielded questions from the pool reporters joining him on Air Force One.

Asked about the court order to return a wrongfully deported Maryland man from El Salvador:

“If the Supreme Court said bring somebody back I would do that. I respect the Supreme Court... I have great respect for the Supreme Court.”

On tariff negotiations, President Trump said his administration is talking to “a lot of countries.”

“We're in a very good position.”

On relating with China specifically amid the trade war, he said he’s always gotten along with President Xi.

“I think something positive is going to come out of it.”

Asked about the dollar:

“We’re the currency of choice. We’re always going to be…I think the dollar is tremendous.”

On the bond market:

“The bond market’s going good. It had a little moment, but I solved that problem very quickly.”

Asked to what extent the bond market contributed to his adjusted tariff stance, he suggested it didn't. Asked what did, he said:

“I want to put the country in an unbelievable economic position. Which is where we should be.”

On Iran talks this weekend:

“I want Iran to be a wonderful, great, happy country. But they can’t have a nuclear weapon.”

And finally, asked who he thought would win the Masters golf tournament, currently underway at Augusta, the president said:

“They’re all friends of mine,” and predicted a good finish.

Coverage of the Masters played on TVs in the press cabin during the flight.

Trump orders military occupation of federal lands at the U.S.-Mexico border

Saturday 12 April 2025 01:28 , Oliver O'Connell

President Donald Trump has authorized the military to occupy and take jurisdiction over public land along the southern border.

In a presidential memorandum released on Friday evening, Trump says it will be a “phased implementation” that begins on a “limited sector of federal lands” chosen by Defense Secretary Pete Hegseth, but it can be expanded at any time.

Watch: Trump says the bond market is 'going good'

Saturday 12 April 2025 01:23 , Oliver O'Connell

“I am very good at that stuff,” the president claimed.

Trump then denied the bond market had played a role in his decision to pause tariffs.

Per CNBC:

The bond market screamed at President Donald Trump this week to change course on his tariff plans before he eventually listened and potentially avoided a catastrophe.

Trump’s stunning pivot Wednesday followed massive tumult in the $140 trillion global bond market and particularly in the $47 trillion portion involving U.S. fixed income.

As speculation grew that the ominous surge in Treasury yields was about to create a domino effect of problems for financial markets, the president capitulated. That led to a breathtaking fury on Wall Street, with major stock market averages staging a historic rally and bond yields coming off their highs.

But with equities plunging again Thursday, questions remain over market stability, as the course ahead is anything but certain, particularly considering the chaotic events of the past week or so.

Here’s Alicja Hagopian taking a look at whether the bond market might bring down Trump as it did UK PM Liz Truss:

Will the bonds market bring down Donald Trump like it did Liz Truss?

Kevin O'Leary says we're in 'economic war' with China and calls for 400% tariffs

Saturday 12 April 2025 01:15 , Oliver O'Connell

Businessman and Shark Tank panelist Kevin O’Leary has emerged as one of President Donald Trump’s most vocal supporters in his trade war against China.

In an appearance on CNN this evening, he called for 400% tariffs on China to force President Xi Jinping to the negotiating table — and not just regarding trade.

He reiterated the point, saying it was a “game of chicken” between the two nations, claiming that millions of workers might rise up against Xi if they lose their factory jobs if the U.S. stops buying Chinese goods, with no market to replace it.

O’Leary went on to say that the U.S. is not in a recession — no matter what others say.

Watch: Trump tells reporters he took a cognitive test during physical

Saturday 12 April 2025 01:09 , Oliver O'Connell

Trump appears to be pulling out of G20 meeting

Saturday 12 April 2025 00:58 , Oliver O'Connell

President Donald Trump does not sound like he will attend the next G20 meeting in South Africa.

He wrote on Truth Social from Air Force One:

How could we be expected to go to South Africa for the very important G20 Meeting when Land Confiscation and Genocide is the primary topic of conversation? They are taking the land of white Farmers, and then killing them and their families. The Media refuses to report on this. The United States has held back all contributions to South Africa. Is this where we want to be for the G20? I don’t think so!

Trump says report on his annual physical to be released Sunday

Saturday 12 April 2025 00:56 , Oliver O'Connell

President Donald Trump spoke with reporters aboard Air Force One on his way to a weekend in Palm Beach this evening.

Overall, I felt I was in very good shape. Good heart. A good soul. Very good soul. I took — I wanted to be a little different than Biden. I took a cognitive test. I don’t know what to tell you other than I got every answer right.

President Donald Trump

Asked about his annual physical, which he underwent at Walter Reed this afternoon, he said he took: “Every test you can imagine.”

The president added: “I think I did well.”

He said the report would be released Sunday, that today’s tests included a cognitive test, and that he passed every question.

Law firm Susman Godfrey sues U.S. government after being targeted by Trump

Saturday 12 April 2025 00:44 , Oliver O'Connell

Law firm Susman Godfrey is suing the U.S. government after being targeted by President Donald Trump in an executive order.

The firm is representing Dominion Voting Systems in its defamation case against Newsmax.

The complaint reads in part:

In America we have, in the words of John Adams, a government of laws and not men. President Trump’s campaign of Executive Orders against law firms and others, including the Executive Order he signed on April 9, 2025 against Susman Godfrey, is a grave threat to this foundational premise of our Republic. The President is abusing the powers of his office to wield the might of the Executive Branch in retaliation against organizations and people that he dislikes. Nothing in our Constitution or laws grants a President such power; to the contrary, the specific provisions and overall design of our Constitution were adopted in large measure to ensure that presidents cannot exercise arbitrary, absolute power in the way that the President seeks to do in these Executive Orders.

Unless the Judiciary acts with resolve—now—to repudiate this blatantly unconstitutional Executive Order and the others like it, a dangerous and perhaps irreversible precedent will be set. Whatever opinions one may hold about President Trump, or about Susman Godfrey’s litigation on behalf of its clients, someday a different president with an entirely different set of policy priorities and personal grievances will sit behind the Resolute Desk. That future president may genuinely believe that an entirely different set of organizations or people have “engage[d] in activities detrimental to critical American interests,” to quote the accusation President Trump has leveled at Susman Godfrey. If President Trump’s Executive Orders are allowed to stand, future presidents will face no constraint when they seek to retaliate against a different set of perceived foes. What for two centuries has been beyond the pale will become the new normal.

Put simply, this could be any of us.

Read the full complaint here

Here’s Justin Baragona with the background on the case:

Trump targets Dominion lawyers on same day judge finds Newsmax defamed voting company

A guide to actions on Trump immigration policies — from classifying immigrants as dead to deportation

Saturday 12 April 2025 00:20 , AP

President Donald Trump's immigration agenda is playing out in numerous ways Friday, from hearings in key cases on the government's power to deport people to the start of a registry required for all those who are in the country illegally.

And on Thursday, immigration developments came on multiple fronts as federal officials work on the president's promise to carry out mass deportations and double down on his authority to do so. The Supreme Court ruled in the case of a mistakenly deported man, and the administration's classification of thousands of living immigrants as dead came to light.

Here is a breakdown of some of what has happened so far and what is ahead:

From classifying immigrants as dead to deportation: A guide to actions on Trump immigration policies

Inside Trump’s failed tariff gamble

Friday 11 April 2025 23:50 , Oliver O'Connell

If you read one thing today...

Richard Hall writes:

Donald Trump has made an art form of selling his failures as triumphs, and this week’s capitulation on tariffs was his Mona Lisa.

Continue reading...

Donald Quixote and the stock market meltdown: Inside Trump’s failed tariff gamble

Click here to read the full blog on The Independent's website

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