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04.04.2025

China's Tariff Counterpunch Day

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This page is an archive of main headlines from the US for 04.04.2025.

It displays 262 headlines from many sources chronologically, as they appeared throughout the day, accompanied by AI overviews that were written in real time.

04.04.2025China's Tariff Counterpunch Day

China retaliated against Trump's "Liberation Day" tariffs with a 34% levy on all U.S. imports starting April 10, triggering a catastrophic market collapse. The Dow plunged over 2,200 points, with global markets losing $6.4 trillion in two days - the worst crash since 2020.

Federal Reserve Chair Powell warned that Trump's tariffs will significantly increase inflation, while JPMorgan raised recession odds to 60%. Despite the economic turmoil, the March jobs report showed stronger-than-expected growth with 228,000 new positions.

Trump remained defiant throughout the day, declaring "only the weak will fail" and suggesting it could take two years for manufacturing to return to the U.S. Vietnam reportedly offered to eliminate tariffs on U.S. goods.

In separate developments, Gen. Timothy Haugh, director of both the NSA and U.S. Cyber Command, was fired along with his deputy, reportedly following a meeting with far-right activist Laura Loomer.

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00:36NSA Leadership Purged

The newspapers extensively report on the Trump administration's major personnel changes, with the firing of the NSA chief and deputy director (ABC News, NBC News, USA Today). Economic concerns remain prominent as Trump's tariffs continue to rattle markets, with investors fearing recession (NYTimes, Washington Post, LA Times). The administration is taking tough stances on both China, eliminating trade exemptions (Breitbart), and Harvard University, threatening billions in federal funding (Boston Globe). Despite market turbulence, Trump expresses optimism while cryptically referring to a "horrible" discovery by DOGE (NY Post, Fox News).
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06:57China Imposes 34% Retaliatory Tariffs

The newspapers extensively report on China's retaliatory tariffs against the Trump administration's trade policies. Beijing has announced a 34% tariff on all US goods starting April 10 (AP News, CNN, NYTimes), along with barring certain American companies from operating in China (NYTimes). Markets continue to slide amid growing trade tensions (ABC News, Washington Post). In a separate development, Gen. Timothy Haugh, director of both the NSA and US Cyber Command, along with his deputy Wendy Noble, have been fired (CBS, NBC News, NY Post, Newsweek) shortly after Haugh testified about a Signal leak involving Trump administration officials (CBS).
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08:21China Imposes 34% Tariffs On All US Goods

The newspapers extensively report on China's retaliatory tariffs against Trump's trade policies. Beijing has announced it will impose a 34% tariff on all U.S. imports beginning April 10 (ABC, CBS, CNN, Epoch Times, LA Times, NYTimes, Washington Post, AP News, USA Today). China has also tightened export controls on rare earth elements (CBS) and barred certain American companies from doing business in China (NYTimes). Meanwhile, there are reports of National Security Agency leadership changes, with both the director Gen. Timothy Haugh and deputy director Wendy Noble being dismissed (NBC News, NY Post, Newsweek).
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09:47China Slaps 34% Tariffs As Markets Plunge

The newspapers extensively report on escalating U.S.-China trade tensions. China has retaliated against Trump's tariffs with 34% levies on all U.S. imports (ABC, AP, Boston Globe, CNN, Common Dreams, NYTimes, NPR). Markets are experiencing significant selloffs, with the Dow falling another 1,000 points (CNN, AP, ABC). Some Republicans may attempt to restrict Trump's tariff powers (NBC). Despite trade tensions, the U.S. economy added a surprisingly strong 228,000 jobs in March, exceeding economist expectations (Breitbart, Epoch Times).
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11:38Markets Crash 1,600 Points On Chinese Tariff Retaliation

The newspapers extensively report on the dramatic market selloff as China retaliates against Trump's tariffs with 34% levies on all US imports. The Dow Jones has plunged over 1,000 points, with some sources reporting drops of 1,100-1,600 points (ABC, AP, Boston Globe, CBS, CNN, LA Times, NYTimes, Newsweek, Washington Post, USA Today). This represents the biggest market drop since 2020, despite a robust jobs report showing stronger-than-expected employment growth. President Trump has acknowledged it could take up to two years for manufacturing to return to the US (ABC), while media outlets attempt to explain the implications of the escalating trade war (Vox).
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Employers in the United States added 228,000 workers to their payrolls in March, the Department of Labor said Friday, and the unemployment rate inched up to 4.2 percent. Economists had been expecting just 140,000 jobs would be added in March.
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13:21Powell Warns Tariffs Will Boost Inflation

The newspapers extensively report on the escalating U.S.-China trade war and its economic consequences. Federal Reserve Chair Powell warned that Trump's tariffs will likely increase inflation (ABC, CNN, HuffPost, USA Today), causing global market turmoil as China retaliated with its own tariffs. The Dow Jones plummeted 1,300-1,700 points (AP, Boston Globe, CBS, NYTimes). While Vietnam has reportedly offered to eliminate tariffs on U.S. goods (Breitbart), the White House faces criticism over its tariff justifications (Daily Beast, Reason). Despite market chaos, the administration remains defiant, with Trump dismissing concerns (OANN) and Secretary Rubio supporting the president's position (Fox).
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Trump said his EO will give TikTok's Chinese parent company another 75 days to sell its stake in the social media app or else be banned in the U.S.
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14:38Markets Crash As Recession Odds Hit 60%

The newspapers extensively report on the escalating U.S.-China trade war and its severe economic consequences. China has retaliated with 34% tariffs against Trump's policies, causing global markets to plummet with the Dow dropping 1,700 points (Boston Globe, AP, NYTimes, Newsweek). Federal Reserve Chair Powell warned that Trump's tariffs will significantly increase inflation (ABC, CBS, Newsweek), with JPMorgan raising recession odds to 60% (Common Dreams). Meanwhile, Trump has extended the TikTok sale deadline by 75 days (Epoch Times, USA Today), and former President Obama broke his silence on Trump's presidency, calling it "unimaginable" (Daily Beast).
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As economists warn of higher inflation, President Trump’s aides insist the fallout will be short and the tariffs will ultimately result in a better economy.
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16:13Dow Plunges 2,200 Points In Worst Week Since 2020

The newspapers extensively report on the deepening stock market crisis triggered by Trump's tariffs and China's retaliation. The market has suffered its worst week since 2020, with the S&P 500 dropping 6% and Dow Jones plunging over 2,200 points in a single day (ABC, AP, Boston Globe, CBS, CNN, MSNBC, NYTimes). Federal Reserve Chair Powell warned that Trump's tariffs will likely increase inflation (CNN, NYTimes), though some positive developments emerged as Vietnam reportedly offered to eliminate tariffs on US goods (Breitbart, NY Post). Despite the market chaos, the March jobs report exceeded expectations with 228,000 new positions (OANN), while the administration insists the economic fallout will be temporary (NYTimes).
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HuffPost
W.H. CLOWN: Economy 'Starting To Roar'...
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17:37Markets Crash $6.4 Trillion As China Retaliates

The newspapers extensively report on the escalating U.S.-China trade war and its severe market consequences. China has announced a 34% retaliatory tariff on all U.S. imports following Trump's "Liberation Day" tariffs (Breitbart, CNN, LA Times, NYTimes). Markets have responded with a massive selloff, with the Dow plunging over 2,200 points in a single day, erasing $6.4 trillion in value during a two-day bloodbath (ABC, Boston Globe, CBS, CNN, Epoch Times, HuffPost, Newsweek, NY Post). Despite Republican unease, Congress appears unwilling to challenge Trump's tariff authority (AP), while economists warn of higher grocery prices for American consumers (NPR).
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19:20Markets Plunge Into Bear Territory

The newspapers report extensively on the economic fallout from Trump's tariffs and China's retaliation. Markets have crashed for a second consecutive day, with the S&P 500 down over 10% and the Dow plunging 2,200 points, entering bear market territory (NYTimes, USA Today, Vox). Trump remains defiant despite the selloff, declaring "only the weak will fail" (ABC), while Republicans sound alarms over the policy (Newsweek). The administration continues aggressive immigration enforcement, with ICE deporting 174 illegal immigrants with criminal convictions in Houston (Breitbart). Meanwhile, Texas faces a growing measles outbreak approaching 500 cases, particularly spreading among daycare children (NBC).
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Klaus Schwab's days as chairman of the World Economic Forum (WEF), the technocratic globalist group he established in 1971, which holds an annual gathering of politicians and other world "elites" in Davos, Switzerland, are coming to an end.
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22:37Markets Suffer Biggest Fall Since COVID as China Retaliates

The newspapers extensively report on the deepening economic crisis from Trump's tariffs and China's retaliation. Markets continue their severe decline, with the Dow experiencing its largest fall since early COVID days (NYTimes, USA Today, Fox News, Boston Globe, The Blaze). Trump appears defiant amid the selloff, with Newsweek noting he shared a video claiming he's crashing the market purposefully. Beyond markets, deadly storms are devastating parts of the South and Midwest (NPR), judges are criticizing the administration for "bad faith" litigation tactics (NBC), and the Supreme Court is allowing Trump to freeze millions in education funding meant to address teacher shortages (Common Dreams).
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We’ve hit an ‘anti-jackpot’ unprecedented in our history and, I would guess, in the history of most other countries too. (Why do I guess that? Because most countries that hit this kind of skid tend not to survive.)
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