“Political influencers in California are greeting Kamala Harris’ potential bid for governor with a shrug, while registered voters in the state react more passionately — in good and bad ways — to her possible candidacy,” according to a new Politico/UC Berkeley’s Citrin Center poll.
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Bessent Won’t Rule Out New Taxes on the Wealthy
“Treasury Secretary Scott Bessent said Republicans are looking at all options to help pay for President Donald Trump’s campaign promises on tax cuts, including increasing levies on the wealthiest Americans,” Bloomberg reports.
Trade War Derails Every Other Negotiation with China
“President Trump came into office sounding as if he were eager to deal with President Xi Jinping of China on the range of issues dividing the world’s two biggest superpowers,” the New York Times reports.
“He and his aides signaled that they wanted to resolve trade disputes and lower the temperature on Taiwan, curb fentanyl production and get to a deal on TikTok. Perhaps, over time, they could manage a revived nuclear arms race and competition over artificial intelligence.”
“Today it is hard to imagine any of that happening, at least for a year.”
Tariff Carve-Outs Underscore Weak U.S. Position
“The White House says it has the upper hand in its trade war with China. Its actions suggest otherwise,” Politico reports.
“Top administration officials spent the weekend trying to defend a carve-out of consumer electronics from the astronomical 145 percent tariffs it levied on China last week. The carve-out was neither an exemption nor a policy rollback, the White House argued, because those electronics are still subject to a separate 20 percent tariff on China and some electronic components could face sector-specific tariffs in the future.”
“But to some White House allies, the exceptions are indicative of the relatively weak position the administration is in as it wages a trade war with China, which has spent years making preparations for an escalation with the U.S. on trade. The carve-outs also reveal the conundrum facing the administration: The U.S. is imposing new tariffs on Chinese goods in an attempt to move manufacturing back to the U.S., but those tariffs are particularly painful for U.S. manufacturers because they are currently so dependent on Chinese parts.”
Trump Hasn’t Signed Many Laws
Punchbowl News: “We are approaching the 100th day of President Donald Trump’s presidency. Trump and Republican congressional leaders often claim his new administration has been the most productive in recent memory.”
“Except when it comes to passing laws.”
“Trump has signed fewer bills into law at this point in his presidency than any new president taking office for the last seven decades, according to government records.”
Trump Freezes $2.2 Billion in Funding to Harvard
Wall Street Journal: “The move came hours after the university refused to agree to the government’s demands to change its governance structure over campus antisemitism concerns.”
‘Home-Growns Are Next’
Timothy Snyder: “In his meeting with President Nayib Bukele today in the White House, President Donald Trump told his Salvadoran counterpart that ‘home-growns are next’ and that El Salvador would ‘need to be build about five more places’ to hold American citizens.”
“So the president of the United States proposes, on camera, to deport Americans to foreign concentration camps.”
The Dollar Keeps Falling
“The U.S. dollar extended its slide against other major currencies on Monday, the latest sign that investors may be starting to shun what has long been the safest haven in global financial markets,” the New York Times reports.
Marjorie Taylor Greene Profited from Tariff Pause
Rep. Marjorie Taylor Greene (R-GA) “disclosed on Monday that she had purchased between tens and hundreds of thousands of dollars worth of stock on April 8 and 9, the day before and the day of President Trump’s announcement that he was pausing a sweeping set of global tariffs, a pivot that sent the stock market soaring out of a sizable slump,” the New York Times reports.
“Ms. Greene bought between about $21,000 and $315,000 in stocks on those days. The day before Mr. Trump’s move, she also dumped between $50,000 and $100,0000 in Treasury bills, according to required public disclosures made to the House.”
Cornell Sues Trump Administration for ‘Unlawful Cuts’
Cornell University joined litigation against the U.S. Department of Energy and Energy Secretary Chris Wright, the Cornell Sun reports.
The plaintiffs of the case are alleging that proposed immediate cuts to indirect costs for University research grants are unlawful by violating federal regulations.
Trump Is Running Economic Development In Reverse
Jonathan Chait: “The markets are going haywire, and consumer confidence is nosediving. You might be wondering why the Trump administration decided to burn down the healthy economy it inherited. Is it pure incompetence? Or is there a plan?”
“The answer to both questions appears to be yes. The incompetence is undeniable. But the administration does have a plan, or at least a vision, for what will spring up from the ashes. The trouble is that the long-term economic program is even worse than the short-term one.”
The Constitutional Crisis Is Here
Adam Serwer: “Between the path of outright defiance of the Supreme Court and following its order to ‘facilitate’ the return of Kilmar Abrego Garcia from El Salvador’s infamous Centro de Confinamiento del Terrorismo (CECOT), the Trump administration has chosen a third way: pretending it is complying while refusing to do so…”
“The bad faith of this exchange is obvious. Bukele has the power to free Abrego Garcia and send him back to the U.S. on an American plane without “smuggling” anyone or anything. But neither side wants that outcome, and so they are both pretending that it’s the other’s responsibility. It’s a game both sides are in on.”
Susan Collins Is Feeling the Heat Again
A new Morning Consult poll in Maine finds 51% of voters disapprove of Sen. Susan Collins (R-ME) and 42% approve of her job performance, a rough inversion of her standing in the first quarter of 2019, before she went on to outrun Donald Trump by nearly 7 percentage points and win re-election.
White House Blocks the AP Despite Court Order
The Associated Press on Monday said its journalists were barred from covering an Oval Office event featuring President Trump and El Salvador President Nayib Bukele in defiance of a court injunction, The Hill reports.
What Did I Miss?
“On Jan. 20, the day of President Donald Trump’s inauguration, Fox News Media placed four people ‘in complete isolation in upstate New York, with no contact to the outside world — no phones, internet, television, or social media,'” according to the Hollywood Reporter.
“90 days later, those four people will come out of their cocoon, but before learning about what happened in the world over the last three months, they have to get through Greg Gutfeld.”
“Gutfeld will host a game show called What Did I Miss? for the Fox Nation streaming service, with the contestants having to guess things that actually happened over the last 90 days, while avoiding scenarios invented by the production team.”
Trump Plans to Cut All Public Broadcasting Funding
The White House has begun to notify Congress of its request to eliminate “all” public broadcasting funding, the New York Post reports.
Harvard Rejects Trump’s Demands
“With billions of dollars in federal funding at risk, Harvard University officials on Monday rejected Trump administration demands to make sweeping changes to its governance, admissions and hiring practices,” the Washington Post reports.
“The school is the first to push back against the government’s efforts to force change at elite universities.”
“And it has the most funding potentially at stake: The administration recently announced that it was reviewing $9 billion in contracts and grants to Harvard and its affiliates.”
Trump Plans to Slash State Department Budget
“The Trump administration proposed to cut the budget of the State Department and what remains of the U.S. Agency for International Development by almost half, according to an internal memo circulated last week, with funds for humanitarian assistance, global health and international organizations facing dramatic reductions,” the Washington Post reports.
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