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      White House may seek legally binding control over Columbia through consent decree – report

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      The Trump administration is considering placing Columbia University under a consent decree, according to a report by the Wall Street Journal, a dramatic escalation in the federal government’s crackdown on the Ivy League institution.The university has already accepted a series of changes demanded by the administration as a pre-condition for restoring $400m in federal grants and contracts that the government suspended last month over allegations that the school failed to protect students from antisemitism on campus.A consent decree – a binding agreement approved by a federal judge – would be an extraordinary move by the Trump administration, which has threatened government funding as a way to force colleges and universities to comply with Donald Trump’s political objectives on a range of issues from campus protests to transgender women in sports and diversity and inclusion initiatives.As a party to the consent decree, Columbia would have to agree to enter it – and the Journal report states that it is unclear whether such a plan has been discussed by the university board.In a statement to the Guardian, the university did not directly address the report. “The University remains in active dialogue with the Federal Government to restore its critical research funding,” a spokesperson said.skip past newsletter promotionafter newsletter promotionAccording to the Journal, the proposal comes from the administration’s antisemitism taskforce, composed in part of justice department lawyers, who have reportedly expressed skepticism that Columbia was acting in “good faith”. If Columbia resists, the justice department would need to present its case for the agreement in court, a process that could drag on for years with the university risking its federal funding in the interim.Republicans and the Trump administration have sought to make an example of Columbia University, which was at the center of a student protest movement over Israel’s war in Gaza that broke out on campuses across the country. Last month, federal immigration authorities arrested Mahmoud Khalil, a Columbia graduate and prominent Palestinian activist who participated in campus protests. He remains in detention.During a cabinet meeting on Thursday, Trump pressed his education secretary, Linda McMahon, to elaborate on the department’s efforts to withhold federal funds from universities that were “not behaving”.“You’re holding back from $400 Columbia?” he asked McMahon. She nodded and named other schools, noting that the administration had frozen nearly $1bn in funding from Cornell.“We’re getting calls from the presidents of universities who really do want to come in and sit down and come in and sit down and have discussions,” she said. “We’re investigating them but in the meantime we’re holding back the grant fund money.” More

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      US stocks fall again after rally following Trump’s shock retreat on tariffs

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      US stocks fell again on Thursday after a historic rally following Donald Trump’s shock retreat on Wednesday on the hefty tariffs he had just imposed on dozens of countries.The falls came as the president blamed “transition problems” for the market reaction and the sell-off deepened after a White House clarification noted that total tariffs on China had been raised by 145% since Trump took office.Speaking at the White House, Trump said: “We think we’re in very good shape. We think we’re doing very well. Again there will be a transition cost, transition problems, but in the end it’s going to be a beautiful thing.”The sell-off comes as Democrats continue to react with anger over the sudden retreat that rattled markets, while Republicans praised Trump’s “art of the deal” in action, referencing Trump’s 1987 book.By the end of Thursday, the Dow was down 2.5% after soaring on Wednesday afternoon. The Nasdaq Composite was down more than 4%, after posting its biggest gain in more than two decades on Wednesday, and the S&P 500 down 3.4%.The market seems to be in a state of fatigue after a rollercoaster week. Stocks were even unresponsive to news on Thursday morning that the European Union announced it will suspend 25% retaliatory tariffs against US imports and new data showed inflation in the US cooled to 2.4% in March – both would typically be cause for optimism on Wall Street.On CNN, former US treasury secretary Janet Yellen called Trump’s economic policies the “worst self-inflicted wound” an administration had ever imposed on a “well-functioning economy”.Trump said in an abrupt announcement on Wednesday that he would be implementing a 90-day pause on his tariff plan, and that goods entering the US from most countries would now face a 10% blanket tariff until July, except for Chinese exports, which he said would face tariffs totaling 145% effective immediately – 125% in “reciprocal” tariffs plus 20% already imposed for China’s alleged role in the fentanyl crisis.Republican lawmakers praised the decision to pause the tariffs, with the House speaker, Mike Johnson, stating on social media: “Behold the ‘Art of the Deal.’ President Trump has created leverage, brought MANY countries to the table, and will deliver for American workers, American manufacturers, and America’s future!”Before the pause was announced, a small but growing number of Republican lawmakers and Trump supporters in the business world expressed concerns about the risks of the president’s tariff policy.By Wednesday afternoon, many were praising Trump for the rollback as part of a purported strategy.Bill Ackman, a billionaire hedge fund manager and Trump supporter who advocated for Trump to pause his trade war over the weekend, reacted to the announcement saying that “this was brilliantly executed by @realDonaldTrump. Textbook, Art of the Deal.”The benefit of Trump’s approach, Ackman claimed, “is that we now understand who are our preferred trading partners, and who the problems are. China has shown themselves to be a bad actor. Our counterparties also have a taste of what life is like if they don’t take down their trade barriers. This is the perfect set-up for trade negotiations over the next 90 days.”But some industry leaders criticized the administration’s back-and-forth and tariff decisions.On Thursday, Amazon’s CEO, Andy Jassy, said the company was still waiting to see the impact of the tariffs but warned third-party sellers may “pass that cost on” to consumers.“The effective tariff rate is actually HIGHER with the pause than it was as announced on April 2, due to the tariffs on China,” Diane Swonk, the chief economist of the professional services firm KPMG, wrote on social media. “There will be some diversion through connector countries. However, the effective tariff rate now peaks at 30.5% during the pause. That is worse than our worst case scenarios.”skip past newsletter promotionafter newsletter promotionWhile Republicans and White House officials praised Trump’s decisions, Democratic lawmakers such as Senator Chuck Schumer pushed back. Schumer told his supporters that “this chaos is all a game to Donald Trump”.“He thinks he’s playing Red Light, Green Light with the economy,” Schumer said. “But it is very real for American families.”Some Democrats have made accusations of possible market manipulation.“These constant gyrations in policy provide dangerous opportunities for insider trading,” Senator Adam Schiff said. “Who in the administration knew about Trump’s latest tariff flip-flop ahead of time? Did anyone buy or sell stocks, and profit at the public’s expense? I’m writing to the White House – the public has a right to know.”The New York representative Alexandria Ocasio-Cortez echoed similar concerns, urging any member of Congress who purchased stocks over the last two days to disclose that.“I’ve been hearing some interesting chatter on the floor,” she said. “Disclosure deadline is May 15th. We’re about to learn a few things. It’s time to ban insider trading in Congress.”The Democratic House whip, Katherine Clark, wrote: “Two hours before announcing his tariff pause, Trump told his paid Truth Social subscribers it was ‘a great time to buy’ on the stock market. Corruption is the name of their game.”The Nevada representative Steven Horsford questioned the US trade representative, Jamieson Greer, asking the representative during a committee hearing whether the climbdown was market manipulation.“How is this not market manipulation?” Horsford asked, to which Greer responded: “No.”“If it was always a plan, how is this not market manipulation?” Horsford asked again.“Tariffs are a tool, they can be used in the appropriate way to protect US jobs and small businesses, but that’s not what this does,” Horsford said. “So if it’s not market manipulation, what is it? Who’s benefiting? What billionaire just got richer?” More

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      Republicans trying to change rules to avoid House vote on Trump tariffs

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      Republicans are quietly pushing a procedural rule that would curb the power of the US Congress to override Donald Trump’s chaotic tariff policy.The House of Representatives’ rules committee on Wednesday approved a measure that would forbid the House from voting on legislation to overturn the president’s recently imposed taxes on foreign imports.The sleight of hand was embedded in procedural rule legislation setting up debate on a separate issue: the budget resolution that is central to Trump’s agenda.If adopted, the rule would in effect stall until October a Democratic effort to force a floor vote on a resolution disapproving of the national emergency that Trump declared last week to justify the tariffs. This mirrors a similar tactic used previously to shield Trump’s earlier tariffs.The move came as Trump announced a major reversal on Wednesday, with a 90-day pause on tariffs for most countries while raising them to 125% for China.Despite concerns that Republicans were set to endorse another potential expansion of presidential power, Mike Johnson, the House speaker, asserted the tariffs were an “America First” policy that required space to be effective.He told reporters: “I’ve made it very clear, I think the president has executive authority. It’s an appropriate level of authority to deal with unfair trade practices … That’s part of the role of the president is to negotiate with other countries … and he is doing that, in my estimation, very effectively right now.”Republicans moved against a resolution introduced by Gregory Meeks of New York, along with other House Democrats, seeking to end the national emergency declared on 2 April. This declaration was used by Trump to implement sweeping new tariffs under the International Emergency Economic Powers Act.Republicans’ blockade specifically targets the expedited process for reviewing national emergencies outlined in the National Emergencies Act. It stipulates that the period between 9 April and 30 September will not count towards the 15-day window that typically allows for fast-tracked floor votes on disapproval measures.Democrats strongly condemned the action, accusing Republicans of obstructing debate and prioritising Trump over the economy and congressional oversight.Teresa Leger Fernandez, a congresswoman from New Mexico, said: “We only need four Republicans, only four Republicans to vote with Democrats to review the tariffs and stop this madness … Do you support tariffs that are throwing our economy into recession? Do you support tariffs that are hurting our families? … Then get up on the floor and debate that. But don’t prevent us from having that debate.”Congresswoman Suzan DelBene of Washington added: “Congress should have a role here. It’s terrible that my colleagues on the other side of the aisle aren’t willing to have a vote, too.”Although the rule change hinders the expedited process under the National Emergencies Act, it does not completely eliminate other avenues for forcing a vote, such as a discharge petition, though these are often difficult to achieve.Meeks said: “They can run but they can’t hide. At some point they’re going to have to vote … We’re not going to stop. The American people have a right to know whether you’re for the tariffs or against them. And if they vote this rule in, that will show that they’re trying to hide.”But Republicans countered that Democrats had used similar procedural tactics to block votes on issues such as ending the Covid-19 national emergency when they held the House majority.The rules committee chair, Virginia Foxx of North Carolina, said: “A reminder about those who live in glass houses … This is a tool utilised by both Democrat and Republican majorities.”This is not the first time Republican leadership has employed such a tactic to shield Trump’s tariff decisions. A similar rule was adopted previously to prevent votes on resolutions targeting earlier tariffs on China, Mexico and Canada, as well as levies on Canada specifically. More

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      Two visions within Trump world are battling for primacy. Which will win? | Ben Davis

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      The start of the second Trump administration has been chaotic, to put it mildly. It is difficult for Americans to understand what exactly the administration is trying to do and how it will affect them. It has been simultaneously a colossal remaking of the US state and the entire global order, but also seemingly haphazard, with significant policy decisions such as spending cuts and tariff rates clearly made with little thought or preparation. Analysts and commentators of all stripes have speculated on the motives and strategy behind the Trump administration’s huge overhaul of society. But what is the Trump administration’s plan for the US?The primary moves the administration has made are major cuts to federal government capacity through the “department of government efficiency” (Doge) and now an unprecedented tariff regime that has sent financial markets into a free fall. Some view these changes as part of a grand overarching strategy to rebuild some version of an imagined past America: globally hegemonic and able to exercise power nakedly over other countries, economically self-sufficient with a large manufacturing base, and a reassertion of the previous social norms and order around gender, race, and sexuality. But a deeper dive into the Trump administration’s explanation of their policies and vision reveals that rather than a single, coherent ideological project, the Trump administration is sclerotic and being used as a vehicle for more than one competing ideological project.While the first Trump administration had no real ideological project, with Donald Trump’s surprise win being based on a personalist coalition without the backing of an organized movement, and different factions within the administration battling for control over policy and favor from the president, the second Trump administration was backed and is staffed by two major ideological projects, representing different segments of capital: the oft-discussed “national conservatism” of the Claremont Institute, the Heritage Foundation and Project 2025, and tech capital, which has used Trump as a vehicle for its own priorities.These two overarching political projects and visions both see Trump as able to advance their goals, but these projects are competing with each other. Both have accepted that Republicans will lose the midterms in 2026, as the president’s party nearly always does, and are thus trying to radically reshape society in that time in ways that can’t easily be reversed. They have deeply different visions for the future, and whether one wins out or both of their incompatible sets of policies are carried out will have enormous implications for the lives of Americans and people around the globe.On tariffs, the administration has offered multiple, mutually exclusive visions: with some viewing tariffs as primarily a way to rebuild US manufacturing by incentivizing producers to build in the US; some viewing tariffs as primarily a way to raise revenue, cut the deficit, and in the long-term replace the income tax entirely; and some viewing tariffs primarily as a negotiating tool to force countries to make concessions to the US on a variety of issues.Trump personally has suggested that the US become an autarky, with no trade of any kind with the outside world. It’s unclear which of these will be the plan because they each have dramatically different implications for how the tariffs are structured in the long-term, how long they will last, and their effects on US workers.In the first two views, the tariffs are a part of the national conservative project of returning the US to a previous social order. They view the nation-state as the primary actor in a zero-sum anarchic global order of competing nation-states seeking to dominate each other. Tariffs are then a way of reasserting US national power relative to other states. This fits in with Trump’s rhetoric about the US, taking the country back and reasserting American nationhood, and is the primary way analysts and commentators have viewed the administration.The tech capital that oversees Doge, however, has a different project entirely. Elon Musk, who has personally overseen the large-scale slashing of the federal government, rejects tariffs entirely. The Doge project and the tariff project are at odds. The Doge project is cloaked in the rhetoric of retro America First nationalism that would seem on its face (and is understood as by its supporters) to be precisely the opposite of what it is in practice: the outmoding of the nation-state entirely.It’s notable that the first target for Doge’s cuts were not the New Deal programs conservatives have long wanted to cut, but instead the cold war-era nodes of American state power: scientific research, funding for education and the arts, foreign aid, and other programs that were created to allow the US to outcompete the Soviet Union and other countries. Musk does not care about American great power competition, such as with China, as Trump does. Indeed, Musk has close ties with the Chinese state.For Musk and his cohorts, the US must progress past the nation state model – where the state exist to project power against other nation states and part of this bargain is keeping a certain social compact of living standard with citizens – to the vendor state model where international firms are paramount and states exist instead to compete for their favor. The Doge project of Silicon Valley technolibertarianism aims to sublimate the state to capital entirely and to outsource state capacity to transnational tech firms. This is, rather than an end of globalization as the national conservatives want, the final conclusion of globalization, where international capital exists above and beyond the bounds of the nation-state.This is the reason large swathes of tech capital reversed course on Trump during the Biden administration and became his biggest financial backers. For them, Trump exists as a vehicle for their overall project.Both of these projects are disastrous for the American people on their own, but both being partially implemented in opposing ways is even worse and will lead to disaster for US workers and our society’s basic capacity to function.While the tariffs by themselves are devastating to US consumers and could lead to a major economic crisis, the Doge cuts strip state capacity that would be needed to implement the most positive vision of tariffs returning manufacturing jobs. While tariffs drive up prices on things like semiconductors or electric vehicles, the government is simultaneously slashing the programs designed to encourage these goods to be manufactured domestically. And while the Doge cuts have slashed the state and led to the direct capture of swathes of the state by tech capital, their overall project of global tech hegemony cannot progress in a world where international trade has broken down completely.Trump and the national conservative’s dream of a return to a pre-financialization manufacturing-based economy, where the US has security through economic self-reliance, and the tech right’s commitment to creating shareholder value at all costs, and whose entire model is based entirely on the result of financialization, are incompatible and on a collision course. Different sections of capital – tech on the one hand, and the revanchist small capital class who form national conservatism’s base on the other – have different and competing interests and control of different sections of administration policy. The consequences of this intranecine competition are enormous, but either way, the next four years look dire for the American working class. The damage may take generations to fix.

      Ben Davis works in political data in Washington DC. He worked on the data team for the Bernie Sanders 2020 campaign More

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      The Guardian view on the US immigration crackdown: what began with foreign nationals won’t end there | Editorial

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      While running for president, Donald Trump promised voters “the largest deportation operation in American history”. Now he wants to deliver. Thousands of undocumented migrants have been rounded up by Immigration and Customs Enforcement officials since he returned to the White House. On Monday, the US supreme court lifted a judge’s ban on deporting alleged gang members to Venezuela under an 18th-century law, though it said deportees had a right to judicial review. Even the Trump-backing podcaster Joe Rogan has described as “horrific” the removal of an asylum seeker – identified as a criminal because he had tattoos – under the 1798 Alien Enemies Act.What’s truly new is that the administration is also targeting those who arrived and remained in the US with official approval, such as the Palestinian activist and student Mahmoud Khalil. Normally, green card holders would be stripped of their status if convicted of a crime; he has not even been accused of one. But Mr Trump had pledged to deport international students who participated in pro-Palestinian protests that his administration has deemed antisemitic, and Mr Khalil was a leading figure in the movement at Columbia University. The president crowed that his arrest last month was “the first of many”. Rümeysa Öztürk, a Turkish student at Tufts, was detained by masked agents in the street, reportedly for an opinion piece she co-wrote with other students. Unrelated to the protests, dozens if not hundreds more students have had visas revoked, often for minor or non-criminal offences.This crackdown is exploiting legislation in ways that were never intended. The Alien Enemies Act was previously invoked only in wartime – but Mr Trump casts mass migration as an “invasion”. Mr Khalil and others are targeted under a rarely used provision of the Immigration and Nationality Act, which allows deportations when the secretary of state determines that a foreign national’s presence “would have potentially serious adverse foreign policy consequences for the United States”. And while this campaign is indiscriminate in many regards, Mr Trump’s offer of asylum to white Afrikaners facing “unjust racial discrimination” in South Africa speaks volumes about who is and is not wanted in his America.The current fear among migrants, with all its social costs, is not a byproduct of this drive, but the desired result. The Trump administration is trying to push undocumented individuals into “self-deporting”, which is cheaper and easier than using agents to hunt people down. It reportedly plans to levy fines of up to $998 a day if those under deportation orders do not leave – applying the penalties retroactively for up to five years. Fairness, never mind mercy, is not relevant. The administration admits an “administrative error” led to the expulsion to El Salvador of Kilmar Abrego Garcia – who is married to a US citizen and was working legally in the US – but fights against righting that wrong.This crackdown should frighten US nationals too, both for what it says about their nation’s character and for what it may mean for their own rights. The Trump administration wants to remove birthright citizenship and is ramping up denaturalisation efforts. “I love it,” said Mr Trump, when asked about El Salvador’s offer to jail US citizens in its infamous mega-prisons – though at least he conceded that he might have to check the law first. The chilling effect of Mr Khalil’s arrest on dissent is already being felt by US nationals too: the first amendment’s protection of free speech is not exclusive to citizens.“The friendless alien has indeed been selected as the safest subject of a first experiment; but the citizen will soon follow,” Thomas Jefferson wrote when the alien and sedition laws were passed. That warning now looks more prescient than ever.

      Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. More

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      Donald Trump threatens additional 50% tariffs on China over retaliatory levies – US politics live

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      Good morning and welcome to the US politics live blog. My name is Tom Ambrose and I’ll be bringing you all the top news lines over the next few hours.We start with news that Donald Trump has threatened to impose an additional 50% tariff on imports from China on Wednesday unless the country rescinds its retaliatory tariffs on the United States by Tuesday.The news comes on the third day of catastrophic market falls around the globe since Trump announced his trade war last Wednesday with tariffs on the US’s trading partners.As part of that move the White House announced it would impose a 34% tariff on Chinese imports. In response, Beijing announced a 34% tariff on US imports.In a statement on Truth Social on Monday morning, the US president said that China enacted the retaliatory tariffs despite his “warning that any country that Retaliates against the U.S. by issuing additional Tariffs” would be “immediately met with new and substantially higher Tariffs, over and above those initially set”.“If China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th,” Trump wrote.“Additionally, all talks with China concerning their requested meetings with us will be terminated!” he added. “Negotiations with other countries, which have also requested meetings, will begin taking place immediately.”China’s US embassy said on Monday it would not cave to pressure or threats over the additional 50% tariffs. “We have stressed more than once that pressuring or threatening China is not a right way to engage with us. China will firmly safeguard its legitimate rights and interests,” Liu Pengyu, an embassy spokesperson, told Agence France-Presse.Read the full report here:In other news:

      Donald Trump took questions from reporters during an Oval Office meeting with Israeli prime minister Benjamin Netanyahu today. In it, Trump indicated that he would attend “direct talks” with Iran on Saturday, that it “would be a good thing” to have the United States “controlling and owning the Gaza Strip”, and that European Union “rules and regulations” are “non-monetary barriers” on trade.

      Shortly after Trump’s meeting with Netanyahu, Iranian officials and state media disputed Trump’s claims that the US is scheduled to participate in “direct talks” with the country this weekend, indicating that the country understood it was entering indirect talks moderated by Omani officials.

      In a 5-4 decision, the US supreme court will allow the Trump administration to continue deporting Venezuelan migrants under an 18th-century wartime law.

      After a phone call with Japanese prime minister Shigeru Ishiba this morning, Trump directed US treasury secretary Scott Bessent to open negotiations with the Japanese government.

      During speeches this afternoon, Democratic leadership in the House and Senate warned that Trump’s tariffs are teeing up “a nationwide recession”.

      After US stock markets opened this morning on bear market territory, the Cboe Volatility Index, also known as Wall Street’s “fear gauge”, reached “crisis levels” as it skyrocketed to its highest level since the Covid-19 pandemic.

      Canada has requested World Trade Organization (WTO) dispute consultations with the US over Trump’s decision to impose a 25% duty on cars and car parts from Canada, the WTO said today.

      Mexico is seeking to avoid retaliatory tariffs against the US but is not ruling them out, Mexican president Claudia Sheinbaum said.

      The US Conference of Catholic Bishops is ending a half century of partnerships with the federal government to serve refugees and children, saying the “heartbreaking” decision follows the Trump administration’s abrupt halt to funding for refugee resettlement.

      Health secretary Robert Kennedy Jr will direct the CDC to stop recommending states add fluoride to their drinking water.

      In a social media post, Trump backed the Senate’s budget proposal – lending his support to the plan as House speaker Mike Johnson tees up a vote on the budget later this week despite still not having enough votes to guarantee its passage.
      President Donald Trump’s administration is considering drone strikes on drug cartels in Mexico to combat trafficking across the southern border, NBC News reported on Tuesday.It cited six current and former US military, law enforcement and intelligence officials with knowledge of the matter.The Israeli prime minister, Benjamin Netanyahu, met with Donald Trump on Monday for the second time since the US president’s return to office, marking the first effort by a foreign leader to negotiate a deal after Trump announced sweeping tariffs last week.Speaking alongside Trump in the Oval Office, Netanyahu said Israel would eliminate the trade deficit with the US. “We intend to do it very quickly,” he told reporters, adding that he believed Israel could “serve as a model for many countries who ought to do the same”.Trump said the pair had a “great discussion” but did not indicate whether he would reduce the tariffs on Israeli goods. “Maybe not,” he said. “Don’t forget we help Israel a lot. We give Israel $4bn a year. That’s a lot.”Trump denied reports that he was considering a 90-day pause on his tariff rollout. “We’re not looking at that,” he told reporters. “We have many, many countries that are coming to negotiate deals with us, and there are going to be fair deals.”European stock markets have risen on Tuesday in early signs of a rebound from the punishing global sell-off triggered by US trade tariffs.Stock markets in the UK and across the EU were in positive territory in early trading on Tuesday, as some investor optimism returned after heavy falls as a result of Donald Trump’s “liberation day’” tariff announcements last Wednesday.London’s FTSE 100 index of blue-chip stocks was 106 points higher, up 1.4%, at 7811. In Frankfurt, Germany’s Dax was 1.5% higher while France’s CAC jumped by 1.4%. The pan-European Stoxx 600 index rose 1.4%.On the FTSE, theindustrial companies Rolls-Royce and BAE Systems were the biggest risers, up 5% and 4% respectively, followed by miners, oil companies and banks.Investors are hoping that the market could stabilise as reports have emerged that the US Treasury secretary, Scott Bessent, will lead trade talks with Tokyo, in a sign that the Trump administration will be open to negotiate on tariffs.The news drove a modest rebound in Asian markets overnight, led by Japanese stocks. Tokyo’s Nikkei index recovered by 5.6%, while Hong Kong’s Hang Seng index rose by 1.6% after its steepest drop since the 1997 Asian financial crisis on Monday.Good morning and welcome to the US politics live blog. My name is Tom Ambrose and I’ll be bringing you all the top news lines over the next few hours.We start with news that Donald Trump has threatened to impose an additional 50% tariff on imports from China on Wednesday unless the country rescinds its retaliatory tariffs on the United States by Tuesday.The news comes on the third day of catastrophic market falls around the globe since Trump announced his trade war last Wednesday with tariffs on the US’s trading partners.As part of that move the White House announced it would impose a 34% tariff on Chinese imports. In response, Beijing announced a 34% tariff on US imports.In a statement on Truth Social on Monday morning, the US president said that China enacted the retaliatory tariffs despite his “warning that any country that Retaliates against the U.S. by issuing additional Tariffs” would be “immediately met with new and substantially higher Tariffs, over and above those initially set”.“If China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th,” Trump wrote.“Additionally, all talks with China concerning their requested meetings with us will be terminated!” he added. “Negotiations with other countries, which have also requested meetings, will begin taking place immediately.”China’s US embassy said on Monday it would not cave to pressure or threats over the additional 50% tariffs. “We have stressed more than once that pressuring or threatening China is not a right way to engage with us. China will firmly safeguard its legitimate rights and interests,” Liu Pengyu, an embassy spokesperson, told Agence France-Presse.Read the full report here:In other news:

      Donald Trump took questions from reporters during an Oval Office meeting with Israeli prime minister Benjamin Netanyahu today. In it, Trump indicated that he would attend “direct talks” with Iran on Saturday, that it “would be a good thing” to have the United States “controlling and owning the Gaza Strip”, and that European Union “rules and regulations” are “non-monetary barriers” on trade.

      Shortly after Trump’s meeting with Netanyahu, Iranian officials and state media disputed Trump’s claims that the US is scheduled to participate in “direct talks” with the country this weekend, indicating that the country understood it was entering indirect talks moderated by Omani officials.

      In a 5-4 decision, the US supreme court will allow the Trump administration to continue deporting Venezuelan migrants under an 18th-century wartime law.

      After a phone call with Japanese prime minister Shigeru Ishiba this morning, Trump directed US treasury secretary Scott Bessent to open negotiations with the Japanese government.

      During speeches this afternoon, Democratic leadership in the House and Senate warned that Trump’s tariffs are teeing up “a nationwide recession”.

      After US stock markets opened this morning on bear market territory, the Cboe Volatility Index, also known as Wall Street’s “fear gauge”, reached “crisis levels” as it skyrocketed to its highest level since the Covid-19 pandemic.

      Canada has requested World Trade Organization (WTO) dispute consultations with the US over Trump’s decision to impose a 25% duty on cars and car parts from Canada, the WTO said today.

      Mexico is seeking to avoid retaliatory tariffs against the US but is not ruling them out, Mexican president Claudia Sheinbaum said.

      The US Conference of Catholic Bishops is ending a half century of partnerships with the federal government to serve refugees and children, saying the “heartbreaking” decision follows the Trump administration’s abrupt halt to funding for refugee resettlement.

      Health secretary Robert Kennedy Jr will direct the CDC to stop recommending states add fluoride to their drinking water.

      In a social media post, Trump backed the Senate’s budget proposal – lending his support to the plan as House speaker Mike Johnson tees up a vote on the budget later this week despite still not having enough votes to guarantee its passage. More