Thursday Evening Links

[Yahoo/Bloomberg] S&P 500 Tumbles 3.5% After US-China Feud Heats Up: Markets Wrap

[Reuters] What just happened in the U.S. Treasury market?

[AP] US budget deficit grows to $1.3 trillion, the second highest six-month level on record

[AP] As Trump alienates allies with US tariffs, China is poised to exploit the gaps

[Axios] Stocks plunge again as volatility reigns despite Trump tariff pause

[Reuters] Well-timed options trades ahead of Trump's tariff pause draw questions

[Reuters] Hedge funds miss most of the relief rally in equities

[Yahoo/Reuters] Fed's Collins sees steady Fed as tariffs push up inflation risks

[AP] Pressed for evidence against Mahmoud Khalil, government cites its power to deport people for beliefs

[Bloomberg] Markets Plummet as Tariff-War Woes Fuel Exodus From US Assets

[Bloomberg] Trump Floats Asking Top Law Firms to Do Trade Deal Work Pro Bono

[NYT] Trump, Offering Few Details, Insists ‘Everybody’ Wants to Make a Deal With the U.S.

[NYT] Trump Has Added 145% Tariff to China, White House Clarifies

[NYT] Deepening Trade Fight With China Poses New Threat to U.S. Farmers

[NYT] Bond Market Sell-Off Prompts Bank of England to Make Unusual Move

[WSJ] The U.S. and China Are Going to Economic War—and Everyone Will Suffer

[WSJ] Trump Administration Wants to Install Federal Oversight of Columbia University

[WSJ] How America’s Wealthy Are Positioning Themselves During the Market Turmoil

[FT] Wall Street sell-off resumes as Donald Trump’s China tariffs spook investors

[FT] Donald Trump bends to the power of the markets

[FT] US-China trade snarls as world’s biggest economies brace for divorce

[FT] EU could tax Big Tech if Trump trade talks fail, says von der Leyen

[FT] Top Chinese general removed in latest Xi Jinping purge

Thursday Afternoon Links

[CNBC] Dow drops 2,000 points, S&P 500 loses more than 5% as stock market gives back more than half of historic rally: Live updates

[Yahoo/Bloomberg] Stocks Sink as US-China Spat Fuels Economic Angst: Markets Wrap

[Yahoo/Bloomberg] Gold Hits New Record as Traders Seek Safety on Tariff Anxiety

[Yahoo/Bloomberg] Oil Returns to Losses as Market Concerns Over Trade War Persist

[AP] The week that Trump pushed the global economy to the brink with tariffs — and then pulled back

[Axios] Trump blinked, but the global economy will never be the same

[Axios] Trump's trade war ignites brand backlash

[Yahoo Finance] Trump's tariff on China is now 145%: White House

[AP] House approves budget framework for Trump’s ‘big’ bill after intense wrangling sways GOP holdouts

[CNBC] How the mother of all ‘short squeezes’ helped drive stocks to historic gains Wednesday

[Yahoo/Bloomberg] Trump Threatens to Cut Federal Funding to Sanctuary Cities

[WSJ] House Approves Trump Budget Blueprint After Winning Over GOP Holdouts

[WSJ] Trump’s Tariff Man Peter Navarro Is Down but Not Out

[WSJ] Trump’s Tariffs Threaten America’s Status as Energy Superpower

[WSJ] Inflation Eased in March, but Tariffs Threaten to Stoke Price Pressures

[WSJ] Stubbornly High Mortgage Rates Thwart the Crucial Home-Selling Season

[FT] US shale sector in peril as oil price plunge rattles drillers