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The Latest Breaking News from the White House

Morning Mail: China tariffs in US now up to 145%, aged care commission jobs at risk, bum-breathing turtle in danger

The White House says overall tariffs on China now at 145% rather than the 125% announced yesterday

The Guardian - AU

US stocks down as trade war with China deepens

The White House says President Donald Trump’s tariffs on imports from China is currently 145 percent.

Al Jazeera

House Democrats warn Trump that Musk must leave by May 30 and demand the president agree to the timeline

Musk has said DOGE will have accomplished ‘most’ of its work by May deadline

The Independent UK

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White House says tariff rate on most Chinese imports is now 145%

Speaking at a cabinet meeting, the US president defended his tariff policies, saying the US is in “very good shape”.

Euronews

America Gained Nothing From Trump's Latest Tariff Stunt

There were no deals. There were no wins. There was no plan.

Reason

Trump claims TikTok deal still on the table as China tariffs threaten to derail agreement

Trump announced a 90-day pause on all reciprocal tariffs this week, except for those placed on China

The Independent UK

Trump administration cuts $4m to Princeton’s climate research funding

White House claims university’s work exposed students to ‘climate anxiety’ and ‘exaggerated climate threats’

The Guardian - US

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Trump brags to NASCAR drivers that friend Charles Schwab made $2bn from stock market chaos

Donald Trump bragged that his friend and investor Charles Schwab made two billion dollars from the current stock market chaos.

The Independent UK

'Bond King' Bill Gross warns Gen Z and millennials will be the biggest losers from tariff-fueled market swings that rely on whether Trump 'had a good night's sleep'

The president pressed pause on some tariffs, but after a relief-fueled rally, stocks retreated less than 24 hours later and fears of inflation and a potential recession still swirl.

Fortune

Nvidia Cleared To Sell H20 AI Chips To China As Trump Backs Off

The Trump administration has backed off plans to impose further restrictions on the chips Nvidia can sell to China.

Investors Business Daily

Trump plans to fix showerheads and dishwashers so everything gets more clean — including his ‘beautiful hair’

President Donald Trump is trying to make America’s showers ‘great again’

The Independent UK

Fund managers quietly fear Trump doesn’t have a tariff plan and that he ‘might be insane’

Some fund managers concerned ‘that the White House is not acting rationally, but rather on ideology. And some even fear that this may not even be ideology’

The Independent UK

White House is refusing to distribute press pool reports that contain ‘inconvenient’ info

‘Now, it appears the White House is withholding reports it doesn’t like—choosing not to distribute pool reports that contain information it finds inconvenient or unflattering,’ Oliver Darcy reported on the censorship

The Independent UK

Trump’s ‘Liz Truss moment’: when economic bravado meets market reality

The president’s U-turn after his maverick plan threatened meltdown has echoes of the 2022 UK crisis

The Guardian - UK

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The Guardian - US

US stocks fall again as ex-Fed chair decries ‘self-inflicted wound’ of Trump’s tariffs

Sell-off comes amid anger from Democrats over retreat that rattled markets, while Republicans praise Trump’s ‘art of the deal’ in action

The Guardian - UK

Why did Trump retreat on tariffs and is the market reaction justified?

The president’s pausing of some tariffs has sent shares soaring but levies on imports remain at the highest level since the 1930s

The Independent UK

White House Christmas ornament honors 150 years of culinary diplomacy practiced at state dinners

This year's official White House Christmas ornament honors more than 150 years of culinary diplomacy practiced at state dinners

The Guardian - US

Democrats’ problem isn’t just messaging – it’s the electoral math

The House, Senate and electoral college maps pose the party’s biggest issue. It’s time to focus on structural changes

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The Independent UK

Republican senator admits he doesn’t know what Trump’s ‘endgame’ is

Sen. Ron Johnson says he understands Trump’s goal but not his strategy after the president’s dramatic tariff U-turn

Euronews

TSMC shares soar as semiconductor firm announces surprise revenue lift

The world's biggest contract chipmaker, Taiwan Semiconductor Manufacturing Company (TSMC), recorded a 41.6% year-on-year revenue rise in the first three months of the year.

Evening Standard

Why did Trump blink on tariffs with 90-day pause? Inside story of how bond market 'fire sale' spooked POTUS

The US President put a 90-day pause on his exorbitant tariffs because investors were ‘getting yippie’ over US Treasury sell-offs

Bored Panda

“I Chose To Do What Was Best For Me”: Michelle Obama Finally Addresses Divorce Rumors

Michelle Obama’s statement about her marriage prompted mixed reactions, with one saying, “She’s going to dump him.” Another said, “She’ll never divorce him.”

Euronews

Here's how Trump gave a hint to investors before tariffs pause

Trump announced a 90-day pause on some so-called 'reciprocal' tariffs on Wednesday, causing global stock markets to soar, regaining some of the ground lost recently.

The Guardian - UK

Trump tariff pause brings relief for global stock markets

Asian and European markets rise amid signs trade war may not be as damaging to global economy as feared

The Independent UK

China issues US travel advisory as Trump ramps up trade war

Beijing urges travellers to ‘fully assess the risks’ of flying to America

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