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Reacting to the news that Donald Trump has authorized the military to take jurisdiction over public land along the southern border, Rep. Greg Casar accused the president of wanting to move on from the market turmoil caused by his chaotic tariffs rollout.
In a memorandum released late Friday, the president ordered a “phased implementation” to occupy a “limited sector of federal lands” at the U.S.-Mexico border, as chosen by Defense Secretary Pete Hegseth. It can also 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. Insane, an abuse of our military, and true to form.”
U.S. markets ended a turbulent week higher despite the escalating trade war against America’s trading partners that threatens to upend global supply chains. China increased its tariffs on American imports to 125% in retaliation for the 145% levy on its exports.
Trump’s approval ratings take a beating amid the trade war
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.”
Read more:
Oliver O'Connell12 April 2025 09:30
Will the bond market bring down Donald Trump like it did Liz Truss?
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.
Oliver O'Connell12 April 2025 08:30
BlackRock CEO thinks we might already be in a recession
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.
Kelly Rissman reports on comments made by Blackrock’s Larry Fink.
Oliver O'Connell12 April 2025 07:30
After he pulled the plug on tariffs, Trump brags in Oval Office that his billionaire pals made a killing
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.
Oliver O'Connell12 April 2025 06:30
Why Trump’s tariff pause has not stopped the risk of global recession
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.
Read on...
Oliver O'Connell12 April 2025 05:30
Wall Street Journal says Trump is ‘making it up as he goes,’ hurting US and allies
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.
Oliver O'Connell12 April 2025 05:00
Taiwan holds first tariff talks with United States
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.
Reuters12 April 2025 04:49
Citing Trump, DOJ ends wastewater agreement in Black majority Alabama county
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...
Oliver O'Connell12 April 2025 04:30
Trump took cognitive test in annual physical. He says full report coming Sunday
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...
Oliver O'Connell12 April 2025 04:00
Press secretary claims 15 offers on table after 75 countries reached out for trade deals
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.
Oliver O'Connell12 April 2025 03:40
English (US) ·