Supreme Court reveals fate of Trump’s order to FIRE thousands of federal workers: Live updates

President Donald Trump’s senior counselor for trade Peter Navarro said the crashing stock market will turn soon.

It’s finding a bottom now. It’s finding a bottom now, but look, here’s the thing, it’s going to shift over and it’s going to be companies in the S&P 500 who are the first to produce here.

Those are the ones going to lead to recovery, and it’s going to happen. Dow 50,000, I guarantee that, and I guarantee no recession. Because, when we pass the biggest, broadest tax cut in history within a matter of months, that’s going to be a great stimulus. There’s not going to be any inflation. We’ve already had a significant drop, a huge drop in oil prices. We’re going to have have lower yields and mortgage.

Tills questions the logic of the tariff policy and he’s waiting to see it to be successful.

‘It just seems like we’ve decided to begin a trade war on all fronts,’ Tillis said.

‘That’s ok if the person who thought this through has an answer for why you go after partners that we have a very long storied relationship with, maybe we give some developing countries a break because we’re actually trying to get their economies functioning, maybe make them look to the west versus to Chinese investment,’ he added.

He said he’s getting his head around the ‘alla prima approach.’

Tillis questioned if over the next 14 months there will be certainty for those who bear the brunt of the tariffs that it will be resolved.

‘I wish you well, but I am skeptical,’ Tillis said.

Sarah Ewall-Wice, Senior U.S. Political Reporter:

Senator Ron Johnson of Wisconsin said he is ‘disappointed’ to hear some exclusions are being ruled out.

He said there are very specifics situations where exclusions should be considered.

The MAGA Republican said he doesn’t usually agree with Democrats but noted he does agree when they bring up concerns about small businesses in their states.

‘I hope that you and the president are very sensitive about companies potentially going bankrupt by these actions,’ Johnson said.

He said they want fair trade but warned tariffs are a ‘double edged sword’ and a ‘somewhat blunt instrument.’

Greer noted when asked about what needs to be reshored some things were excludes from tariffs such as semi-conductors, pharmaceuticals, some metals and minerals.

Greer noted when asked about what needs to be reshored some things were excludes from tariffs such as semi-conductors, pharmaceuticals, some metals and minerals.

‘You know there are other products that are also crucial that you are applying tariffs to,’ Johnson said.

Greer responded that they are doing investigations on things like pharmaceuticals.

‘What we cannot have is the status quo,’ he claimed.

Johnson closed by warning there will be an ‘awful lot of collateral damage’ to the tariffs.

Senator Todd Young noted that trade retaliation falls on everyone differently.

He asked if USTR are mapping out which sectors and regions are going to ‘bear the brunt’ of retaliatory measures and thinking about contingency plans.

Greer said they are looking at it ‘very closely.’

‘The good news so far is that most countries have said they are not going to retaliate on this, and they would like to seek to talk to us first, find out more about the program, what they can do to meet our goals,’ Greer said.

Senator Hassan asked if the president would reverse course if the tariffs led to 10 percent inflation.

‘Senator, the president is fixed in his purpose,’ Greer responded.

‘This trade deficit and the offshore and the loss of manufacturing jobs is something that’s persisted for too long and it’s dangerous,’ he said.

She also asked him whether a 50 percent stock market crash would lead to the administration reversing course.

Greer refused to say. He called her hypotheticals not consistent with what has been seen with tariffs.

Senator James Lankford (R-OK) noted businesses are scrambling and asked about exemptions to the tariffs as some Republicans have called for specific carve outs to the tariffs.

The president has been clear with me and with others that he does not intend to have exclusions and exemptions especially given the nature of the action,’ Greer told him.

Sarah Ewall-Wice, Senior U.S. Political Reporter:

U.S. Trade Representative Jamieson Greer indicated there is not set timeline on reaching trade deals as the U.S. is set to impose tariffs.

In response to a question about the timeline from Senator James Lankford (R-OK), Greer said the president has indicated that he’s willing to negotiate.

‘We don’t have any particular timeline set on that,’ he told Lankford.

He said the outcome is a deal and insisted they’re moving as ‘quickly as possible.’

By Katelyn Caralle, Senior U.S. Political Reporter

Ryan Wesley Routh sought to purchase a rocket launcher from Ukraine the month before he was arrested for allegedly attempting to assassination President Donald Trump.

The alleged would-be assassin was corresponding on an encrypted messaging app with someone he believed to be a Ukrainian with access to military weapons, a Justice Department filing in the Southern District of Florida claims.

It goes on to say that Routh, 58, asked this associate to ‘send me an rpg [rocket propelled grenade] or stinger and I will see what we can do…[Trump] is not good for Ukraine.’

‘I need equipment so that Trump cannot get elected,’ Routh said, according to the filing.

Prosecutors allege that this correspondence, which included discussion over price and shipment of such anti-aircraft weapons, is further proof of Routh’s intent to assassinate Trump.

Sarah Ewall-Wice, Senior U.S. Political Reporter:

Senator Wyden asked of the higher tariffs will go into effect tomorrow, April 9, as announced.

‘Senator, yes they are scheduled to go into effect. We are having negotiations with all kinds of countries at this time,’ U.S. Trade Representative Jamieson Greer said. ‘The president is fixed in his purpose.’

He said the nature of the ‘emergency’ is not something they can wait on anymore.

They will couple the tariffs with immediate negotiations.

He said there are about 50 countries in negotiations but did not want to prejudge the negotiations.

Greer insisted ‘many markets’ have said they will not retaliate to tariffs.

However, it does not appear that a deal will be reached with China any time soon.

‘I don’t think that’s in the very near term with China,’ he said of reaching a deal.

Wyden noted that Greer claimed the policies are already ‘bearing fruit’ but said for people’s 401Ks ‘that’s pretty rotten fruit.’

Sarah Ewall-Wice, Senior U.S. Political Reporter:

President Trump’s U.S. Trade Representative Jamieson Greer is appearing before the Senate Finance Committee this morning as the world reacts with concern over the president’s trade policy.

Greer in his opening remarks touted Trump’s announcement on April 2 that the U.S. will impose tariffs on all countries which sent the markets into turmoil.

‘The president’s strategy is already bearing fruit,’ Greer told senators.

He said more than 50 countries have approached him directly wanting to make deals. He name dropped Argentina, Indiana, Vietnam and Israel.

Greer also claimed Trump’s policies have also resulted in $4 trillion in new investments in the U.S. as the president has announced a series of tariffs since his first day back in office.

President Donald Trump will sign an executive order at 3 pm to expand the mining and use of coal inside the US.

The order will also seek to revive a declining US fossil fuel industry.

The executive order will direct a number of steps by the federal government meant to reinvigorate coal, a senior White House official told Bloomberg News.

By Geoff Earle, Deputy U.S. Political Editor

President Donald Trump posted about a ‘great call’ with South Korea’s acting president, and claimed the ‘probability’ of a deal that might head off a trade battle with the key ally.

‘We have the confines and probability of a great DEAL for both countries. Their top TEAM is on a plane heading to the U.S., and things are looking good,’ Trump posted. ‘We are likewise dealing with many other countries, all of whom want to make a deal with the United States.

Han Duck-soo is serving as acting president amid political chaos in Seoul.

Treasury secretary Scott Bessent, also talked up the possibility of progress Tuesday as nations seek to roll back big tariffs that Trump imposed last week based on trade deficits with the U.S., setting off market turmoil. ‘I would say the negotiations are a result of the massive inflow of inbound calls to come and negotiate,’ Bessent said. ‘It had nothing to do with the market.’

He predicted big countries with big trade deficits would ‘come forward very quickly’ and mentioned the possibility of ‘good deals.’

The Dow Jones Industrial Average, after getting hammered for three successive trading days, was up 1,300 points in early morning trading.

Donald Trump’s Treasury Secretary warned China it was making a ‘big mistake’ in escalating the tariff war, warning they don’t have the goods to back up their threat.

‘I think it was a big mistake, this Chinese escalation, because they’re playing with a pair of twos,’ Scott Bessent told CNBC’s Squawk Box on Tuesday morning.

‘We are the deficit country. What do we lose by the Chinese raising tariffs on us? We export one-fifth to them of what they export to us, so that is a losing hand for them.’

Beijing vowed to fight the president’s tariffs to ‘the end’ and imposed 34% tariffs on U.S. products in response to the 34% imposed on them by the White House.

President Donald Trump will meet with House Republicans at 1 pm at the White House.

The group includes lawmakers who have whipped no or lean no on the budget resolution, Punch Bowl news reported.

Many conservatives have said they’re a ‘no’ on the budget resolution already passed by the Senate. The resolution establishes Trump’s legislative agenda of tax cuts, border funding and energy policy.

That leaves Speaker Mike Johnson with a lot of votes to put in his corner.

Trump’s schedule for Tuesday is pretty packed. He is also planting a commemorative tree at 10:30 am and signing an executive order on energy at 3:30 pm.

The anchor mocked himself on The Five on Monday after showing clips of Democrats criticizing Trump for playing golf while global markets lost trillions over the weekend.

Watters said Trump playing golf during the crisis ‘is not a middle finger to middle America – that’s a middle finger to all these foreign countries who are trying to get on the phone and negotiate these tariffs down.’

Warren Buffett is the only top 500 billionaire to profit from President Donald Trump‘s tariffs that have panicked the global stock market.

New figures from the Bloomberg Billionaires Index shows that 499 of the world’s 500 richest men have seen their fortunes decline since Trump took office and sent the global economy into turmoil with his destructive trade war.

First Buddy Elon Musk, who over the weekend made direct yet unsuccessful appeals to the president to reverse tariffs, has experienced a $130billion year-to-date loss in his net worth, according to the data.

China blasted what it called ‘blackmailing’ by the United States over tariffs.

It vowed ‘countermeasures’ if Washington imposes tariffs on top of the 34 percent extra that are already due to come into force on Wednesday.

Beijing’s commerce ministry said:

If the US insists on going its own way, China will fight it to the end.