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The Tariff Storm Hits

‘It’s just a massive gift to America’s adversaries.’

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Quick Hits: Today’s Top Stories

  • Russia is “ready to contribute” additional military support to junta regimes in West Africa’s Sahel region, Russian Foreign Minister Sergei Lavrov announced on Thursday. The Kremlin will provide weapons and training to a new joint force comprised of Burkina Faso, Mali, and Niger’s ruling juntas, which together form the Alliance of Sahel States. Russia has sought to expand its influence in the Sahel after the juntas pushed away American and French security partners. 
  • The director of the Russian government’s sovereign wealth fund, Kirill Dmitriev, announced on Thursday that he had participated in “key meetings” in Washington, D.C., this week. Dmitriev arrived in D.C. on Tuesday, after the State Department reportedly temporarily lifted sanctions to allow the Kremlin envoy and his two aides to obtain visas. On Wednesday, he met with Steve Witkoff, Trump’s special envoy to the Middle East who has been involved in Ukraine peace talks, at the White House. Dmitriev is the first Russian official to visit the White House since the first Trump administration.
  • President Donald Trump fired six members of the National Security Council (NSC) after meeting with MAGA activist Laura Loomer in the Oval Office, multiple news organizations reported Thursday. Loomer reportedly provided a list of NSC staffers she believed should be ousted—alleging they were disloyal to the president—in a meeting with Trump, Vice President J.D. Vance, White House chief of staff Susie Wiles, Commerce Secretary Howard Lutnick, and others. The New York Times reported that National Security Advisor Mike Waltz, present for part of the meeting, “briefly defended” some of the officials—who included the NSC’s senior directors for intelligence, international organizations, and legislative affairs—but was unsuccessful in saving their jobs. 
  • On Thursday, the Pentagon’s Office of Inspector General, an independent federal agency tasked with overseeing the Department of Defense (DOD), announced an investigation into the Trump administration’s use of a commercial messaging app, Signal, to coordinate military strikes against the Houthis in Yemen last month. Steven Stebbins, the office’s acting inspector general, said in a memo to Defense Secretary Pete Hegseth that he is investigating whether the use of Signal “complied with DOD policies and procedures.” He added that the inquiry came at the request of GOP Sen. Roger Wicker of Mississippi and Democratic Sen. Jack Reed of Rhode Island, the chairman and ranking member of the Senate Armed Services Committee, along with other individual members of Congress.
  • The Department of Education sent letters to state commissioners leading their respective K-12 education agencies on Thursday, ordering them to abide by current federal anti-discrimination laws or face losing federal funding. “Federal financial assistance is a privilege, not a right,” the Education Department’s acting assistant secretary of civil rights, Craig Trainor, said in a press release. He added that some school districts, through diversity, equity, and inclusion (DEI) policies, “flout or outright violate” federal anti-discrimination requirements. The Education Department distributed forms to state commissioners certifying compliance with those requirements, requiring them to be signed and returned within 10 days. 
  • One of the world’s largest car manufacturers, Stellantis, confirmed Thursday that it was suspending production at two assembly plants in Mexico and Canada. The plants produce both gas-powered and electric vehicles, including for brands like Jeep, Chrysler, and Dodge. The car manufacturer temporarily laid off more than 900 U.S.-based employees in Michigan and Indiana following the pause, which a Stellantis spokeswoman attributed to President Trump’s 25 percent tariffs on cars and car parts. In Canada, about 4,500 Stellantis hourly workers were also temporarily dismissed.
  • All three major stock indices were down at close Thursday, the first full day of trading following President Trump’s announcement of a sweeping U.S. tariffs regime. The Dow Jones Industrial Average fell 3.98 percent, the NASDAQ plummeted 5.97 percent, and the S&P 500 was down 4.84 percent. The losses marked the worst single day for each index since 2020. 
  • Powerful storms and tornadoes ripping through the midwestern and southern United States killed at least seven people on Wednesday and Thursday—five in Tennessee, one in Indiana, and one in Missouri—and wrought destruction on buildings, vehicles, and local infrastructure. Extreme weather conditions are expected to persist going into today, with the National Weather Service issuing flood watches in parts of 12 U.S. states.
Container ship sailing through a storm

Ahead of his sweeping tariffs rollout, President Donald Trump assured Americans that the short-term economic pain would be well worth the long-term gain. Time will tell whether his constituents—and the markets—agree, but early fallout from the administration’s latest and most dramatic escalation in its global trade war hints at more than just a “little disturbance.” 

Speaking from the White House Rose Garden on Wednesday, Trump unveiled plans to impose tariffs on nearly all imports to the United States. “This is one of the most important days, in my opinion, in American history. It’s our declaration of economic independence. For years, hardworking American citizens were forced to sit on the sidelines as other nations got rich and powerful, much of it at our expense,” he said. “With today’s action, we are finally going to be able to make America great again, greater than ever before.”

But Wall Street seemed to disagree. On Thursday, the U.S. stock market suffered its worst day since 2020, with all three major indices cratering in the wake of the announcement: The Dow Jones Industrial Average dropped 3.98 percent, the S&P 500 sank 4.84 percent, and the NASDAQ plummeted 5.97 percent. 

The long-awaited tariffs, declared in the name of a “national economic emergency,” included ...


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Today’s Must-Read

On the surface, it’d probably be hard to find a less sympathetic industry for tariff opponents to focus on than those in the wine importing business. Nobody’s going to shed any tears for the rich guy with a French wine fetish whose $500 bottle might soon cost $600. But while it’s true that fine wine collectors and those who sell to them can adjust to higher costs, many smaller companies that work in the wine business cannot.

Toeing the Company Line

Nick 4.3

Taxation Without Representation

Nick Catoggio /

Without meaningful representation, anyway.

President Trump Holds A Cabinet Meeting At The White House

Elon Musk’s Whale of a Tale

Michael Warren /

His claim on Fox News about a survey that costs $1 billion doesn’t hold up.

Topping out ceremony of the Cologne Rose Monday procession

Malevolent Laziness

Kevin D. Williamson /

Trump’s tariff plan is slapdash even by his standards

US Constitution Historical Documents with Pistol

Supreme Court Ruling Shows Guns Not a Priority Under Trump 2.0

Stephen Gutowski /

The high court upheld a Biden-era ban on ‘ghost guns.’

Senate Lawmakers Speak To The Press Following Their Weekly Policy Luncheons

Senate Stammers Toward Reining In Trump’s Tariffs

Charles Hilu /

But most Republicans seem to be in his corner.

Worth Your Time

  • Writing for the New Atlantis, M. Anthony Mills argued that the Trump administration’s efforts to gut the National Institutes of Health before the recent swearing in of its director, Jay Bhattacharya, may end up sinking the chances of serious reform. “What we have seen these last two months is not an extreme version of past Republican efforts to rein in the federal bureaucracy; it is a challenge to the basic social contract underlying federal science,” he wrote. “As in other domains of public policy, from trade to national security, the Trump administration has upended half a century or more of bipartisan consensus—in this case, regarding the federal government’s role in supporting academic science.” As a well-credentialed outsider, Bhattacharya is well-positioned to productively challenge the status quo, Mills argued: “But the extreme actions taken by the administration prior to his directorship have created an altogether different problem: a breach of trust with the scientific community, both inside the NIH and in the wider biomedical research enterprise, that may hamper efforts to implement enduring reforms, including those preferred by Trump’s supporters.”  

Presented Without Comment

CNN: NYC Mayor Eric Adams Says He Will Run for Reelection as an Independent

Also Presented Without Comment

NOTUS: Republicans in Congress Can Stop Trump’s Tariffs—But They Don’t Want To

Republican Sen. Josh Hawley … blamed Congress for taking a backseat, but he told NOTUS he would want to use legislation to set tariff rates even higher.

“If Congress doesn’t like it, they should ask themselves why they’ve given presidents, not this one, but presidents, this authority over 50 years,” Hawley said. “It’s like, ‘Hello, wake up, smell the coffee; this is what Congress has done for 50 years.’ Some of my colleagues suddenly just discovered it, it’s like, ‘Wait, he has this authority?’ It’s like, ‘Yeah, you gave it to him.’”

In the Zeitgeist

On Thursday, Bruce Springsteen announced plans to release seven “lost” albums this June. The albums will include 74 unreleased songs recorded throughout the Boss’ five-decade career, and frankly, we can’t wait.

Charlotte Lawson is the editor of The Morning Dispatch, currently based in southern Florida. Prior to joining the company in 2020, she studied history and global security at the University of Virginia. When Charlotte is not keeping up with foreign policy and world affairs, she is probably trying to hone her photography skills.
Grayson Logue is a staff writer for The Dispatch and is based in Philadelphia, Pennsylvania. Prior to joining the company in 2023, he worked in political risk consulting, helping advise Fortune 50 companies. He was also an assistant editor at Providence Magazine and is a graduate student at the University of Edinburgh, pursuing a Master’s degree in history. When Grayson is not writing pieces for the website, he is probably working hard to reduce the number of balls he loses on the golf course.
Peter Gattuso is a fact check reporter for The Dispatch, based in Washington, D.C. Prior to joining the company in 2024, he interned at The Dispatch, National Review, the Cato Institute, and the Competitive Enterprise Institute. When Peter is not fact-checking, he is probably watching baseball, listening to music on vinyl records, or discussing the Jones Act.

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