Latest on Trump's Presidency as Trade Tensions Escalate

China Strikes Back with Tariffs: In response to President Donald Trump’s tariffs on Beijing, China announced it will impose matching tariffs of 34% on all imports from the US beginning April 10. This move intensifies the trade conflict between the globe’s two economic powerhouses.

Markets Grapple with Recession Concerns: Despite President Trump reaffirming his commitment to his economic strategy, US stocks sharply fell at the opening bell. Last month’s job growth in the US surpassed forecasts, yet lingering anxiety over tariffs continues to influence market trends amidst looming recession fears. Today, Secretary of State Marco Rubio acknowledged the market downturn, asserting that “markets are crashing” but they “will adjust.”

NSA Leadership Shake-up: Sources have reported that the Trump administration has dismissed both the director and deputy director of the National Security Agency, a key cyber intelligence entity in the US. This shift follows demands by far-right activist Laura Loomer for Trump to remove several National Security Council staff members.

In March, the US economy saw a robust addition of 228,000 jobs, a substantial rise from February’s adjusted figure of 117,000. Nevertheless, US stocks are projected to dive on Friday as investors keep their focus on Trump’s intensifying trade dispute, heightened by China’s recent retaliatory actions.