Thursday, April 3, 2025

Markets tumble, trade partners grumble

President Trump's new sweeping tariff program causes an uproar at home and abroad. It's Thursday's news. ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Short List

Thu Apr 3 2025

 

Rebecca Morin Newsletter Writer

@RebeccaMorin_

President Trump's tariffs cause turmoil among the markets and U.S. allies. Devastating flooding and storms bring death and destruction. And I have the perfect suggestion to calm your growling stomach.

👋 Hello! Rebecca Morin here. A big thanks to my colleague Nicole Fallert for holding down the newsletter yesterday! Now, on to Thursday's news.

But first: A parent at 100 years old? 🐢 Say congratulations to this century-old couple, who just became parents to four critically endangered Galapagos tortoises.

Trump's tariff backlash

The stock market sank. Some U.S. allies want retribution. And there was even bipartisan backlash on Capitol Hill. President Donald Trump's new sweeping tariff program, where he hit almost 185 countries with at least 10% levies, is causing an uproar at home and abroad as the president hopes to spur American manufacturing. 👉 Follow today's updates.

What happened with stocks? U.S. stocks plunged on Thursday in the wake of Trump's announcement, with major indexes recording big declines. The Dow Jones Industrial Average lost nearly 1,700 points, while the S&P 500 and Nasdaq saw their biggest losses since 2020. 👉 See where the market stands.

Global upset: World leaders – from the European Union and Australia to China – expressed frustration and betrayal. Ursula von der Leyen, president of the European Commission, said the EU was "prepared to respond" to Trump's sweeping new levies but did not immediately announce countermeasures. 👉 What trading partners said.

Who will pay more and for what because of Trump's tariffs?
Where does the tariff money go?
Senate rebukes Trump tariffs on Canada in rare bipartisan vote.
Watch: Penguin-filled islands get hit by Trump's tariffs.

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Traders work on the floor of the New York Stock Exchange during morning trading on April 03, 2025 in New York City.

Michael M. Santiago, Getty Images

National security shake up

Looks like some in the Trump administration didn't pass the loyalty test. Trump on Thursday fired at least three senior officials on the National Security Council. A fourth person, who worked for Secretary of State Marco Rubio when he was in the U.S. Senate, was also fired. The moves come after far-right activist Laura Loomer visited Trump and presented the president with research on administration officials she suspects of insufficient loyalty to his agenda. 👉 See who was fired.

Real quick

The ultimate tour trend? Beyoncé'-inspired 'Cowboy Carter' sashes.
Why Matthew McConaughey and Woody Harrelson testified at the Texas capitol.
Watch: Passengers slide as waves toss cruise ship.
Did Zac Efron mysteriously ghost this actor?
Why 'Hell of a Summer' is Finn Wolfhard's 'full circle moment.'

Rainfall and tornadoes cause devastation

Following devastating tornadoes, rain and flooding across the central United States, at least seven are dead and tens of thousands are without power. The National Weather Service said that "catastrophic" and "potentially historic heavy rainfall" is expected to keep falling over the coming days.

Where to expect weather disruptions: Over 30 million people from Texas to Ohio and West Virginia were still at risk Thursday of powerful tornadoes and major flooding. Parts of the South, such as Memphis and Nashville in Tennessee and Little Rock in Arkansas, are at the greatest risk for severe storms that could have large hail and damaging winds, as well as possible tornadoes. 👉 What to know about the storms.

Photos: See damage from severe storms and tornadoes that hit the Midwest and the South.

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Samuel Russell, with Metro Parks, puts up cation tape around the railings of the riverfront due to flooding in Nashville, Tenn., Thursday, April 3, 2025.

Nicole Hester / The Tennessean

Wrap up your day with this popular food

I got your dinner plans sorted out for you: burritos. It's National Burrito Day – a day to celebrate the tasty tortilla wrap packed with your chosen ingredients. Truth be told, despite growing up along the U.S.-Mexico border, I never had a burrito until I went to college in Iowa. But where did this dish come from? The burrito likely originated from the co-mingling of foods in Mexico with that of Europeans, who arrived after the Spanish conquest in the 16th century. 🌯 Check out today's burrito deals and freebies.

Syndication Detroit Free Press

La Fonda St. owner Robert Encarnacion assembles a burrito at his restaurant in Detroit on Tuesday, March 18, 2025.

Ryan Garza, USA TODAY NETWORK via Imagn Images

A break from the news

👚 Hate shopping for clothes? Try this personal styling service.
📺 Renew or cancel? Rescue your favorites in USA TODAY's Save Our Shows poll.
💵 Most Americans are losing money on their savings. We can help.

Rebecca Morin is a newsletter writer at USA TODAY. Got thoughts or feedback? Reach out to her at rdmorin@usatoday.com.

Becca Schmill died at 18 after purchasing fentanyl-laced drugs on Facebook.

On September 16, 2020, 18-year-old Becca Schmill died from drug poisoning after ingesting fentanyl-laced cocaine she bought on Facebook.

Alexandria Police Department Assistant Chief Raul Pedroso holds his candle during a candlelight vigil held for the victims of the DCA flight collision at Rivergate City Park in Alexandria, Virginia, on Feb. 5, 2025.
 

FAA steps up safety measures at DCA after fatal mid-air crash

The Federal Aviation Administration announced it would take additional steps to boost safety at Ronald Reagan Washington National Airport.

Patty Maloney appearing on the 1982 ABC TV special "Cheryl Ladd: Scenes from a Special."
 

Patty Maloney, 'Little House on the Prairie' star, dies at 89

Patty Maloney, whose acting resume was as varied as it was long, died at 89.

John Oliver is being sued over an episode of his show "Last Week Tonight."
 

John Oliver sued over 'Last Week Tonight' segment

A new lawsuit claims John Oliver and his team on "Last Week Tonight" intentionally took a doctor's comments out of context.

Drew Barrymore arrives for the Saturday Night Live 50: The Anniversary Special at 30 Rockefeller Plaza in New York City on February 16, 2025.
 

Drew Barrymore hot flash on TV proved menopause is in

Instead of opening The Drew Barrymore Show with a segment on food expiration dates, viewers saw the talk show host being fanned down by guests.

Luigi Mangione, the suspect in the killing of UnitedHealth Group chief executive Brian Thompson, appears in Manhattan Supreme Court on New York state murder and terrorism charges on Feb. 21, 2025.
 

Luigi Mangione faces federal death penalty. How rare are these cases?

Luigi Mangione, 26, accused in the slaying of CEO Brian Thompson, is up for the death penalty if he's convicted on federal charges. Here's why.

Close-up of a pregnant woman's belly in the hospital bed with catheter in hand.
 

Nursing influencer, Hailey Okula, dies after giving birth to son

According to Hailey Okula's husband, doctors said his wife went into cardiac arrest and suffered from a rare complication called amniotic fluid embolism.

The Tops Friendly Markets at 1520 W. 26th St. in Erie is shown on June 9, 2023, in Buffalo, New York.
 

Killer of 10 in racist rampage wants death penalty trial moved to NYC

Payton Gendron says he can't get a fair trial in Buffalo and wants his death penalty case moved to NYC

Illustration on poor savings methods.
 

Are we going into a recession? Why it's not too late to prepare.

Recession fears are rising under President Trump's new campaign of tariffs. There is still time to prepare your finances.

A lifeguard sits under the umbrella while watching people enjoy Paradise island beach, Nassau, Bahamas on April 29, 2019.   .
 

US travelers warned about visiting The Bahamas

The State Department has updated its travel advisory for The Bahamas to warn visitors about violent crime and other potential risks.

Time for a break!

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