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Today's Political News Compilation - Tuesday, April 8, 2025
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Trump says high tariffs may have prevented the Great Depression. History says different
By WILL WEISSERTUpdated 11:02 PM CDT, April 7, 2025
WASHINGTON (AP) — In the early days of the Great Depression, Rep. Willis Hawley, a Republican from Oregon, and Utah Republican Sen. Reed Smoot thought they had landed on a way to protect American farmers and manufacturers from foreign competition: tariffs.
President Herbert Hoover signed the Smoot-Hawley Tariff Act in 1930, even as many economists warned that the levies would prompt retaliatory tariffs from other countries, which is precisely what happened. The U.S. economy plunged deeper into a devastating financial crisis that it would not pull out of until World War II.
Most historians look back on Smoot-Hawley as a mistake that made a bad economic climate much worse. But tariffs have a new champion in President Donald Trump.
Like Trump, Hoover was elected largely because of his business acumen. An international mining engineer, financier and humanitarian, he took office in 1929 like an energetic CEO, eager to promote public-private partnerships and use the levers of government to promote economic growth.
“Anyone not only can be rich, but ought to be rich,” he declared in his inaugural address before convening a special session of Congress to better protect U.S. farmers with “limited changes of the tariff.” ...
READ THE FULL STORY - AP
Trump threatens more tariffs on China as global markets shudder over how much pain economy can take
The Republican president's threat came Monday after Beijing retaliated against his announcement of tariffs last week.
apnews.com
Trump administration weighs drone strikes on Mexican cartels
The administration has increased surveillance flights over Mexico as it tries to track the powerful cartels that dominate the fentanyl trade.
www.nbcnews.com
Supreme Court allows Trump to deport Venezuelans under wartime law, but only after judges' review
The Supreme Court is allowing the Trump administration to use an 18th century wartime law to deport Venezuelan migrants, but says they must get a court hearing before they are taken from the United States.
apnews.com
Boasberg contempt showdown looms after Supreme Court hands Trump immigration win
President Donald Trump praised the Supreme Court’s ruling, but a contempt hearing Tuesday could upend the win as Judge James Boasberg presses officials on secretive deportations.
www.foxnews.com
Trump’s refusal to blink on tariffs raises the risks of an ugly endgame | CNN Politics
President Donald Trump doesn’t look like he’s going to blink.
www.cnn.com
Trump says he won’t pause tariff plan as global markets plunge
Despite hopes that the U.S. will back off trade policies, President Donald Trump said he’s not going to pause plans for tariffs.
apnews.com
Trump admin live updates: Supreme Court OKs Venezuelan deportations, but with due process
Supreme Court allows Trump to continue deportations of alleged Venezuelan gang members under the Alien Enemies Act, but says detainees must be given due process.
abcnews.go.com
Judge strikes down controversial Biden mandate to increase nursing home staffing | CNN Politics
A federal judge in Texas on Monday nixed a controversial Biden administration rule that would have required nursing homes to boost their nursing staff in coming years.
www.cnn.com
UK markets analyst comments on losses as trade war threatens to intensify
UK market analysts responded cautiously to a slight market recovery as world shares and U.S. futures advanced Tuesday. (AP Video by Kwiyeon Ha)
apnews.com
Zelensky confirms Ukraine troops active in Russia's Belgorod region
Ukraine's operations in a second region in Russia are explicitly acknowledged for the first time.
www.bbc.com
Stocks open higher Tuesday — but signs of an escalating trade war abound
Global stocks clawed back a fraction of their enormous recent losses in early trading Tuesday, but mutual and escalating threats between the U.S. and China stand to get worse.
www.nbcnews.com
Trump admin tells prosecutors to ease up on crypto enforcement
The Trump administration is pulling back its enforcement of crypto regulations, disbanding a unit dedicated to cryptocurrency enforcement
abcnews.go.com
RFK Jr. says he plans to tell CDC to stop recommending fluoride in drinking water
U.S. Health Secretary Robert F. Kennedy Jr. says he plans to tell the Centers for Disease Control and Prevention soon to stop recommending fluoridation in communities nationwide.
apnews.com
For opioid victims, payouts fall short while governments reap millions
Pharmaceutical companies accused of fueling the nation's opioid crisis are paying state and local governments billions of dollars in legal settlements. But how much are victims getting?
www.cbsnews.com
Dem governors revolt against Trump's 'Liberation Day' tariffs
Democratic governors have rejected President Donald Trump's tariffs and tried to thwart their impact on individual states.
www.foxnews.com
Trump, Putin want Zelenskyy out. But is a vote possible in wartime Ukraine?
US and Russian leaders, united in distrusting Ukraine’s President Zelenskyy, exaggerate claims of his falling ratings.
www.aljazeera.com
Pentagon considering proposal to cut thousands of troops from Europe, officials say
Experts warn that the timing of the potential drawdown could alarm NATO allies and embolden Russian President Vladimir Putin.
www.nbcnews.com
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The average tariff faced...
Continue reading...The mere announcement of the duties last week sent shock waves through global markets and caused trillions of dollars in paper losses. Now, consumers and investors alike will begin to gauge the actual impact on the U.S. economy as the cost of the import taxes starts to flow through supply chains and into businesses and household budgets.
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Among the country's exports are power tools, cables, connectors and high-quality fillings and false teeth. Everything will now have a tariff imposed at the US border of 37% — which...
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Continue reading...The bill, called "Peanut’s Law: The Humane Animal Protection Act," would require a 72-hour waiting period before the Department of Environmental Conservation (DEC) can euthanize any seized animal. It would also give animal owners the chance for a hearing before the state takes or puts down their animals.
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Continue reading..."You know, we've done very well in this room before," Trump told attendees at the annual dinner Tuesday night. "But right now we broke every record. I just heard from Mike Johnson, he said, ‘We broke every record, sir.’ There is over $35 million. That's not bad, for an evening."
The fundraising numbers achieved during Tuesday night's dinner rival what the NRCC...
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