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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.

04.04.2025 โ‡ข China's Tariff Counterpunch Day
โŒจChina 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.
04.04.2025
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00:36 (04:36)โ‡ขNSA Leadership Purged

โŒจThe 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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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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Gen. Timothy Haugh had just last week testifiedโ€‹ on Capitol Hill about the Signal leak in which a journalist had been added to a group chat with high-ranking members of the Trump administration.
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06:57 (10:57)โ‡ขChina Imposes 34% Retaliatory Tariffs

โŒจThe 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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08:21 (12:21)โ‡ขChina Imposes 34% Tariffs On All US Goods

โŒจThe 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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Donald Trump told the world that his administration would end the censoriousness of โ€œwokeโ€ liberal culture. His time in office has seen one of the worst crackdowns on free speech in recent American history.
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HuffPost
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The Dow falls another 1,000 points after China retaliates against Trumpโ€™s trade war
09:46 (13:46 in your timezone)

09:47 (13:47)โ‡ขChina Slaps 34% Tariffs As Markets Plunge

โŒจThe 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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11:38 (15:38)โ‡ขMarkets Crash 1,600 Points On Chinese Tariff Retaliation

โŒจThe 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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13:21 (17:21)โ‡ขPowell Warns Tariffs Will Boost Inflation

โŒจThe 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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14:38 (18:38)โ‡ขMarkets Crash As Recession Odds Hit 60%

โŒจThe 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 Trumpโ€™s aides insist the fallout will be short and the tariffs will ultimately result in a better economy.
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Trumpโ€™s tariffs sent stocks tumbling for a second day, as the Federal Reserve chair warned that inflation is likely to pick up because of Trumpโ€™s trade war
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16:13 (20:13)โ‡ขDow Plunges 2,200 Points In Worst Week Since 2020

โŒจThe 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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China announced on Friday that it will impose a 34 percent tariff on all U.S. goods in retaliation for President Donald Trumpโ€™s โ€œLiberation Dayโ€ tariffs on Wednesday. The Chinese tariff hike is scheduled to take effect on April 10.
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The Trump administration has ousted both the director and civilian deputy of the U.S. National Security Agency (NSA), following a private meeting with conservative commentator and activist Laura Loomer, who is known for her viral social media presence.
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HuffPost
W.H. CLOWN: Economy 'Starting To Roar'...
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17:37 (21:37)โ‡ขMarkets Crash $6.4 Trillion As China Retaliates

โŒจThe 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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Stocks hadnโ€™t fallen this far this fast since the early days of the coronavirus pandemic.
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US stocks plunge for second straight day after China retaliates and Fed chair says wait and see. Dow sheds 2,200 points and Nasdaq enters bear market.
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19:20 (23:20)โ‡ขMarkets Plunge Into Bear Territory

โŒจThe 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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22:37 (02:37)โ‡ขMarkets Suffer Biggest Fall Since COVID as China Retaliates

โŒจThe 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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Weโ€™ve hit an โ€˜anti-jackpotโ€™ 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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