Trump's tariffs spark manic day for stock markets

Monday, April 7, 2025

Good evening and welcome to your daily news briefing from The Independent.

Stock markets were swinging wildly after Trump's tariff rollout, the Supreme Court could decide the fate of a wrongfully deported Maryland father locked up in El Salvador, and the president will have 'direct talks' with Iran.

Top stories

1.| Seesaw day ends with Dow down as Trump's tariff reports send stock markets on wild swings

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2 | Supreme Court lets Trump keep wrongfully deported Maryland dad in El Salvador prison, for now

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3 |Democrats demand hearing for Trump's top prosecutor in DC as he faces accusations of misconduct

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4 | Trump says U.S. will have 'direct talks' with Iran as strikes on Houthis continue

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5 | World Bank employees accused of 'intimidating' au pair into forced labor and threatening to have her deported

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The Big Question 

When the Trump administration goes after law firms that have represented what it considers to be political enemies, issuing orders barring lawyers from certain firms from entering federal buildings, obtaining security clearances, or granting federal contracts to any of its clients, the legal profession could anticipate that these mega-profitable, mega-firms would have the integrity and the resources to fight.

The order is blatantly unconstitutional, as any first-year law student would know.

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Editors' picks

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WATCH 

NASA astronaut captures aurora from space

STAT OF THE DAY

$90 billion

The cost of a devastating spring storm system that flooded neighborhoods, spawned twisters and killed at least 21 people over the last week has been estimated at as much as $90 billion.

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QUOTE OF THE DAY

"Golf diplomacy, I like that." 

How NewsNation anchor Anna Kooiman describes Trump skipping the dignified transfer of dead soldiers for an LIV event.

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