Tuesday, April 8th, 2025 - Tariff & global market crash updates; SCOTUS splits on deportations; 238 Venezuelans deported

Today’s Headlines: The global economy is spiraling as Trump doubles down on tariffs, threatening a 50% increase on China if they don’t back down. Markets tanked again, swinging wildly after a false report hinted at a delay, and the chaos isn't just domestic — Japan’s Nikkei dropped 8% and Europe’s markets fell 4%. Congress remains largely inactive but a few Republican lawmakers are attempting to push back, Trump has already vowed to veto any bill on tariffs. The U.S. also slapped a 17% tariff on Israeli imports, despite Israel dropping theirs in solidarity. Meanwhile, the Supreme Court made two big moves: they temporarily blocked the return of a wrongfully deported Maryland man to El Salvador, but also allowed the administration to keep using an 18th-century law to deport immigrants with minimal due process — a decision so extreme even Amy Coney Barrett joined the dissent. And in Texas, 238 Venezuelan migrants — most with no criminal records — were deported to a maximum security prison in El Salvador. Resources/Articles mentioned in this episode: Bloomberg: Trump Threatens 50% More China Tariffs, Teases Talks With Others Axios: Stock markets lurch on false Trump tariff pause report Axios: Scoop: Trump issues veto threat on tariff bill Times of Israel: Iran denies Trump's claim sides to hold direct nuclear talks, says Oman will mediate Ap News: Chief Justice Roberts pauses order for return of Maryland man deported to El Salvador Axios: Supreme Court allows Alien Enemies Act deportations to resume CBS News: U.S. sent 238 migrants to Salvadoran mega-prison; documents indicate most have no apparent criminal records Morning Announcements is produced by Sami Sage alongside Bridget Schwartz and edited by Grace Hernandez-Johnson Learn more about your ad choices. Visit megaphone.fm/adchoices