Friday's News Links

[CNBC] Dow drops 1,000 points, crushed for a second day on fears Trump has ignited a global trade war: Live updates

[Yahoo/Reuters] Wall St futures plunge as China retaliates with fresh tariffs

[Yahoo/Reuters] US junk bond spreads surge to 17-month high on trade war fears

[Yahoo/Reuters] Global rout in bank shares intensifies as recession fears mount

[AP] Asian stocks slid after Wall Street surrendered to a hit by Trump’s tariffs

[Reuters] Oil tumbles 8% as China retaliates with tariffs on U.S.

[AP] China punches back as world weighs how to deal with higher US tariffs

[Reuters] China hits back at Trump tariffs with own taxes, export curbs

[Yahoo/Reuters] China hits back at US tariffs with rare earth export controls

[CNBC] Trump vows his policies will ‘never change’ after China retaliates with tariffs

[CNBC] U.S. payrolls rise by by 228,000 in March, but unemployment rate increases to 4.2%

[Yahoo/Reuters] Fed's Powell to weigh in amid tariff fray, market drop

[Axios] Behind the Curtain: You gotta believe

[Politico] World trade war looms as China strikes all US imports with 34 percent tariff

[Reuters] US Senate Republican pushes to require congressional approval for new tariffs

[Reuters] Trump tariffs provoke world condemnation and fears of a $2,300 iPhone

[Yahoo Finance] Wall Street comes to a painful realization: Trump was serious about steep tariffs all along

[Yahoo/Reuters] Investors flee US equity funds on escalating tariff concerns

[AP] Republicans moving ahead with Trump’s ‘big’ bill of tax breaks and spending cuts amid tariff uproar

[Axios] Scoop: Stephen Miller's Senate GOP marching orders

[Axios] Trump admin to pull $510 million in funding from Brown University

[Bloomberg] Junk Bonds Suffer Worst Rout Since 2020 With US Hit Hardest

[Bloomberg] Credit’s Fear Gauges Soar Most Since Banking Meltdown in 2023

[Bloomberg] Finance Needs to Be Prepared for the Unexpected

[Bloomberg] Vance Downplays ‘One Bad Day’ for Markets, Promising Boom Later

[Bloomberg] The Uncertainty Is Not Going to End

[NYT] Tariffs Drive Another Market Meltdown

[NYT] Trade War Sets Off ‘Max Pessimism’ in Global Markets as Stocks Plunge

[NYT] Trump Is Promising a Manufacturing Renaissance. Is That Even Possible?

[NYT] Will Trump’s Tariffs Drive Europe Into China’s Arms, or Into a Fight?

[WSJ] Banks Don’t Pay Tariffs, but Tariffs Will Cost Them

[WSJ] Trump Fires Director of National Security Agency

[WSJ] U.S. to Press Iran for Direct Nuclear Talks

[FT] China announces 34% retaliatory tariffs on US imports

[FT] Inflation fears add to pressure on Federal Reserve

Thursday Evening Links

[Yahoo/Bloomberg] Trump Tariffs Wipe Out $2.5 Trillion From US Stock Market 

[AP] Dow drops 1,600 as US stocks lead worldwide sell-off after Trump’s tariffs cause a COVID-like shock

[AP] Fear that Trump tariffs will spark recession wipes out more than $2 trillion in value from US stocks

[Reuters] Trading Day: Trump is on fire, global markets tariffied

[AP] Trump says things are ‘going very well’ after worst stock market drop in years over tariffs

[Axios] Coffee, shrimp, other food prices could soar with Trump tariffs

[Yahoo/Reuters] Trump's tariffs are largest US tax hike since 1968, JPM warns

[Reuters] Trump's global tariffs hurt China with 'all-round blockade'

[Reuters] For Trump, tariff gamble brings political risk

[AP] Judge says US government may have ‘acted in bad faith’ as he weighs contempt over deportation order

[Bloomberg] Stock Meltdown Fuels Worst S&P 500 Day Since 2020: Markets Wrap

[Bloomberg] Hedge Funds Frazzled by Tariff Chaos Contemplate Sitting It Out

[Bloomberg] Macron Issues a Corporate Call to Arms: EU Stop Investing in US

[Bloomberg] VIX Jumps to Highest Since August as Tariffs Spur Stock Rout

[Bloomberg] Goldman Trading Desk ‘9.5 Out of 10’ on Activity Level Amid Rout

[Bloomberg] JPMorgan Sees Global Recession Odds at 60% If Tariffs Sustained

[Bloomberg] India’s Subprime Bubble Grew 2,100%. Now a Bust Looms

[WSJ] Market Upheaval From Trump’s Tariffs Could Be Just the Beginning

[WSJ] Trump and His ‘Little Disturbance’ From Tariffs

[WSJ] The Day Trump’s Tariffs Shook Corporate America

[WSJ] Republicans Raise Concerns About Trump’s Tariff Blitz

[WSJ] Congress Begins to Dissent on Trade

[WSJ] The White House Whirlwind That Led to Trump’s All-Out Tariff Strategy

[WSJ] Finland Knows Winter Is Coming

[FT] Donald Trump triggers race to offer US concessions before tariffs hit

Thursday Afternoon Links

[CNBC] Dow drops 1,200 points, S&P 500 loses 3% as stock market rout on Trump's tariffs worsens: Live updates

[Reuters] Euro, yen surge vs dollar as investors grapple with tariff aftermath

[Yahoo/Bloomberg] Treasury Yields Approach 6-Month Low as Trump Tariffs Rattle Markets

[Yahoo/Reuters] US bank stocks sink as Trump's tariffs cloud dealmaking, loan demand

[Yahoo/Bloomberg] European Stocks Sink by Most Since August on Tariff Shock

[Yahoo/Bloomberg] Oil tanks 7% amid 'panic selling' as Trump tariffs, OPEC+ supply increases send prices reeling

[AP] Trump’s tariff push is a race against time, and potential voter backlash

[AP] Canadian prime minister says Canada will match US auto tariffs

[Reuters] Trump tariffs pile stress on ailing world economy

[Yahoo/Bloomberg] Germany and France Push for More Aggressive Tariff Response

[Yahoo/Bloomberg] Carmakers Idle Plants, Rethink Prices as Trump’s Tariffs Hit

[Yahoo/Reuters] Trump tariffs could stymie Big Tech's US data center spending spree

[Yahoo Finance] Trump just put the Fed in an 'even greater bind'

[Yahoo Finance] US economy ‘dangerously vulnerable’ to recession: Wall Street reacts to tariff fallout

[CNN] This is the dubious way Trump calculated his ‘reciprocal’ tariffs

[Bloomberg] Citi, Bank of America Lead Worst Rout Since Regional Bank Crisis

[Bloomberg] US Services Index Falters as Employment Shrinks Most Since 2023

[WSJ] Tariffs Will Hit All U.S. Imports. Price Hikes for These Items May Surprise You

[WSJ] EU’s Von Der Leyen Vows Response to Trump’s 20% Tariffs

[WSJ] White House Fires Several Members of Trump’s National Security Council

[FT] America’s astonishing act of self-harm

[FT] Dollar drops as Donald Trump’s tariffs stoke economic fears

[FT] European banks exposed to risk of US dollar shortfall, says EU watchdog

[FT] Sweeping tariffs threaten ‘Factory Asia’

[FT] Fitch downgrades China’s sovereign debt over spending and tariffs