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03.04.2025

Black Thursday As Tariffs Trigger Market Meltdown

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This page is an archive of main headlines from the US for 03.04.2025.

It displays 261 headlines from many sources chronologically, as they appeared throughout the day, accompanied by AI overviews that were written in real time.

03.04.2025 โ‡ข Black Thursday As Tariffs Trigger Market Meltdown
โŒจTrump's "Liberation Day" tariffs implementation triggered a devastating market meltdown, with the Dow plunging over 1,600 points in its worst day since 2020. Over $2 trillion in market value vanished as investors processed the 10% universal tariff plus higher rates for 60 countries. Bipartisan Senate resistance emerged with passage of Rand Paul's bill blocking Canada tariffs, followed by a broader bill requiring Congressional approval for tariffs.

Global leaders vowed retaliation, with Canada announcing counter-tariffs on vehicles. Economic consequences materialized immediately as Stellantis announced 900 temporary layoffs, while some auto plants halted production.

The administration showed internal divisions when multiple National Security Council staffers were fired following an Oval Office meeting with far-right activist Laura Loomer. By evening, Trump remained defiant despite the market bloodbath, claiming "markets are going to boom" and that some countries were already "crawling back" to negotiate.
03.04.2025
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00:22 (04:22)โ‡ขGlobal Economy Braces For Trump's 'Liberation Day' Tariffs

โŒจThe newspapers extensively cover President Trump's implementation of sweeping tariffs, which he labeled "Liberation Day" (CBS, CNN, One America News Network). The plan includes a baseline 10% tariff on all imports with additional "reciprocal tariffs" on dozens of countries, reaching as high as 49% (NPR, NYTimes, Washington Post). Vice President Vance praised these measures as stopping America from being the world's "piggy bank" (Breitbart), while critics described them as "worse than worst case scenario" (Daily Beast, HuffPost) with potential to "ripple through economy" (NYTimes). Markets reacted negatively, with consumers rushing to purchase vehicles before 25% auto tariffs take effect (LA Times). European leaders condemned the tariffs as harmful to the global economy (AP News).
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06:13 (10:13)โ‡ขGlobal Markets Crash As Trade War Escalates

โŒจThe newspapers heavily report on global and domestic reactions to Trump's sweeping tariffs. World leaders from China and the EU have vowed "firm countermeasures" (Washington Post, ABC News), while markets continue to slump with economists warning of recession risks (AP News, NYTimes). American farmers express concern as the tariffs threaten agricultural export markets (NPR). Senate Republicans have released a budget blueprint featuring tax cuts and a $5 trillion debt limit increase (NBC News). Other coverage includes severe weather with tornadoes and flooding affecting parts of the US (Newsweek) and Slate reporting on immigration policy changes impacting legal immigrants.
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08:30 (12:30)โ‡ขGlobal Retaliation Looms As Tariff Fallout Deepens

โŒจThe newspapers extensively cover Trump's tariffs and their economic fallout. Stock markets are tumbling amid recession fears (CNN, LA Times). Foreign governments, particularly the EU, are preparing retaliatory measures (Washington Post, Epoch Times, ABC News). Many outlets highlight domestic concerns, with American farmers worried about market access (NPR) and consumers facing higher prices (LA Times). Media perspectives range from calling the tariffs "incoherent and destructive" (MSNBC) to praising them as necessary protection (Breitbart). In other news, NYC Mayor Adams dropped out of the Democratic primary after his corruption case was dismissed (NY Post), and the Justice Department declined to prosecute Texas AG Paxton (AP News).
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Yesterday Donald Trump announced sweeping tariffs on all of Americaโ€™s trading partners, with the explicit aim of โ€œliberatingโ€ the US from unfair trade. Not only are these efforts confused, they will lock America in a cycle of stagnation and inflation.
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Vice President JD Vance told Breitbart News exclusively on Wednesday evening that for the โ€œfirst time in probably 40 years,โ€ the United States has a president in President Donald Trump who is reversing the trend of the U.S. serving as a โ€œpiggy bankโ€ for the rest of the world.
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09:56 (13:56)โ‡ขMarkets Crash As Trump Tariffs Take Effect

โŒจThe newspapers extensively report on the immediate market reaction to Trump's tariff announcement, with US stocks plummeting dramatically. The Dow dropped over 1,100 points in its opening (ABC News, Boston Globe, CBS, AP News), with the S&P 500 falling more than 3% (NYTimes). This market tumble is framed as global fallout from what Trump called "Liberation Day" tariffs (HuffPost, Daily Beast). Economic concerns dominate coverage, with warnings about recession risks (CNN, NPR, USA Today) and "stagflation" (Jacobin). While Vice President Vance praises the tariffs as beneficial for American workers (Breitbart), four Republican senators have joined Democrats in opposing tariffs on Canada (Fox News).
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Vice President JD Vance told Breitbart News exclusively on Wednesday evening that for the โ€œfirst time in probably 40 years,โ€ the United States has a president in President Donald Trump who is reversing the trend of the U.S. serving as a โ€œpiggy bankโ€ for the rest of the world.
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Yesterday Donald Trump announced sweeping tariffs on all of Americaโ€™s trading partners, with the explicit aim of โ€œliberatingโ€ the US from unfair trade. Not only are these efforts confused, they will lock America in a cycle of stagnation and inflation.
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10:48 (14:48)โ‡ขDow Plunges 1,500 Points On Tariff Shock

โŒจThe newspapers extensively report on the dramatic market reaction to Trump's tariffs, with US stocks plunging dramatically. The Dow dropped over 1,500 points at opening (Boston Globe, CBS, NY Post, NPR), with the S&P 500 falling more than 3% (NYTimes). This unprecedented market collapse is directly attributed to Trump's "Liberation Day" tariff announcement (NY Post, Daily Beast, HuffPost). Economic concerns have intensified with Stellantis announcing 900 temporary layoffs (ABC News), while global markets also tumbled (AP News, CNN). Vice President Vance continues defending the tariffs as beneficial for American workers (Breitbart), while various perspectives analyze potential economic consequences, including warnings about stagflation (Jacobin) and alternatives (Vox).
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A bipartisan group of Senators voted to remove the emergency declaration President Trump used to impose 25 percent tariffs on Canada. The vote was largely symbolic since the House isn't expected to act.
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12:14 (16:14)โ‡ขMarkets Crash As Senate Challenges Tariffs

โŒจThe newspapers extensively report on financial markets plummeting following Trump's tariff announcements. The Dow dropped more than 1,500 points (CBS, AP News, NY Post) with the S&P 500 falling 4% (NYTimes) as investors assessed the economic impact of the new trade policies. Congressional pushback has intensified with senators filing legislation requiring congressional approval for tariffs (ABC News) and voting to remove emergency tariffs on Canada (NPR). Some countries are reportedly negotiating with the administration while others threaten retaliation (Fox News). Economic consequences are beginning to materialize with car plant workers facing layoffs (Daily Beast). Meanwhile, far-right activist Laura Loomer reportedly met with Trump in the Oval Office to discuss national security personnel changes (NBC News).
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W.H. ACCIDENTALLY ADMITS BAFFLING TARIFF 'FORMULA'
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13:47 (17:47)โ‡ขMarkets Plunge 1,200 Points As Nations Announce Tariff Retaliation

โŒจThe newspapers extensively report on economic fallout from Trump's tariffs with global markets collapsing. The Dow dropped 1,200-1,500 points (AP News, CBS) as financial markets worldwide reacted to what's described as a "COVID-like shock" (AP News). Canada announced counter-tariffs on vehicles (ABC News), while China and EU threaten retaliation (NY Post). The administration's tariff formula has been criticized as baffling (HuffPost). Additionally, multiple outlets report Trump fired national security officials following pressure from far-right activist Laura Loomer during an Oval Office visit (NBC News, Daily Beast, USA Today).
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World leaders across the globe have continued to respond publicly to President Donald Trumpโ€™s tariff announcementsโ€”with some issuing threats of retaliation, while others expressed disappointment or gratitude.
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15:47 (19:47)โ‡ขMarkets Collapse As Trump Remains Defiant

โŒจThe newspapers extensively report on the severe market reaction to Trump's tariffs, with stocks plunging dramatically (ABC News, CNN, AP News, Slate, CBS). Despite the market tumble, Trump remains optimistic, claiming things are "going very well" (ABC News, NY Post). Some economic effects are materializing, with Stellantis halting production at Canadian and Mexican plants (Breitbart). In White House staffing news, multiple National Security Council officials were fired after a meeting with right-wing activist Laura Loomer (NYTimes, OANN). Other stories include a Pentagon review of Signal app use for military communications (Boston Globe) and deadly storms causing multiple fatalities (USA Today).
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16:47 (20:47)โ‡ขMarkets Suffer Historic Crash As Tariffs Bite

โŒจThe newspapers extensively report on the dramatic market collapse following Trump's tariff announcements. US stocks experienced their worst day since 2020, with the Dow plunging approximately 1,700 points (Boston Globe, CBS, AP News, USA Today, Newsweek). Economic concerns dominate coverage with analysis suggesting potential price increases for consumers, with one economist describing the tariffs as equivalent to a "$7,000 tax hike on workers" (Common Dreams, NPR). In other news, the Senate confirmed Mehmet Oz to lead the Centers for Medicare and Medicaid Services despite Democratic concerns about potential Medicare privatization (NBC News), and the Pentagon launched an investigation into Defense Secretary Pete Hegseth's discussion of Houthi attack plans via Signal (Daily Beast, OANN).
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18:37 (22:37)โ‡ขMarkets Lose $2 Trillion As Tariff Fears Intensify

โŒจThe newspapers extensively report on the severe market crash following Trump's tariff announcements. U.S. stocks experienced their worst day since 2020, with markets losing over $2 trillion in value (AP News, CNN, Washington Post, USA Today). The tariff plan has sparked fears of recession and global trade war (AP News, NY Post). Some outlets provide critical analysis, with Reason noting Israel faces higher tariffs than Iran, and The Daily Beast describing the tariffs as a "Mafia Don Racket." In other news, the Senate rejected Sanders' effort to block arms sales to Israel (Common Dreams), a judge is considering holding Trump's administration in contempt over deportations (Fox News), and a deadly tornado killed at least eight people in the Midwest (OANN).
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DOW LARGEST WIPEOUT SINCE PANDEMIC CRASH
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Hurricane experts from Colorado State University are predicting another active Atlantic hurricane season. How likely are impacts in your state?
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In 1996, on the House floor, Rep. Nancy Pelosi (D-CA) assailed a then-bipartisan plan to give Most Favored Nation (MFN) trade status to China, arguing that while the U.S. has low tariffs on China-made goods, China has high tariffs on American goods.
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22:02 (02:02)โ‡ขMarkets Plunge $2 Trillion On Tariff Shock

โŒจThe newspapers extensively report on the economic impact of Trump's tariffs, with markets suffering their worst crash since 2020. The Dow plunged nearly 1,700 points (NPR, HuffPost, Boston Globe, CBS), wiping out over $2 trillion in value amid recession fears. Despite the market turmoil, Trump remains optimistic, claiming things are "going very well" (Newsweek, Daily Beast). New developments include Trump unveiling a gold card featuring his face (ABC News), and HHS cutting $2 billion from children's vaccine programs under RFK Jr.'s influence (NBC News). Meanwhile, deadly storms have killed at least 7 people across the central US (USA Today).
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Thursdayโ€™s sell-off was an extraordinary moment in markets that, despite being prone to big swings, rarely react so strongly to a presidentโ€™s policy rollout.
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Thursdayโ€™s sell-off was an extraordinary moment in markets that, despite being prone to big swings, rarely react so strongly to a presidentโ€™s policy rollout.
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