BIG: $2.1 trillion wiped from U.S. stock market at open.

BREAKING: Hassett says Trump considering 90-day tariff pause for all countries except China.

⬆️ S&P 500 rises 2.1%, erasing earlier decline of up to 4.7%.

A group of business groups and conservative lawyers are preparing a legal challenge to President Donald Trump's tariffs, arguing he does not have the legal authority to impose them.

Roller coaster: CNBC now reports no one at the White House is aware of 90-day pause.

U.S. stock plunges, again.

NEW: Syria’s President Ahmad al-Sharaa is set to visit Türkiye on Friday, April 11, to attend the Antalya Diplomacy Forum.

VERY interesting: CNBC reported this, Reuters echoed it, but then CNBC now says the White House has not confirmed it.

Someone manipulated the market, and made a fortune.

White House says 90-day pause in tariffs is ‘fake news’.

Trump will hold a "pep rally" for House Republicans and big donors on Tuesday, Axios reports.

Trump:

if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th. Additionally, all talks with China concerning their requested meetings with us will be terminated!

Ukrainian-born U.S. Representative Victoria Spartz:

Ukraine is not in a position to demand the return of all occupied territories. If they were winning the war, that would be very different.

To win wars, you need to have leaders who know how to win, not to try not to lose and become oligarchs themselves.

Canada's Carney:

President Trump's tariffs are tearing apart the global economy.

Israeli Foreign Minister to Sky News Arabia:

We do not seek to control the Gaza Strip after the war.

Israeli Foreign Minister:

We propose a transitional administration for the Gaza Strip under international and Arab supervision.

Tariff Fallout Triggers $7.4 Trillion Drop in S&P 500 Market Capitalization

BIG: If Trump follows this path, U.S. tariffs on Chinese products could reach whopping 104%.

France, Egypt and Jordan say Gaza must be governed only by the Palestinian Authority.

France has signed a strategic partnership with Denmark that reaffirms its commitment to Denmark’s territorial integrity and sovereignty.

Israel prepares for possible Iran strike

Israel believes it can hit Iran’s nuclear sites, missile systems, and air force assets, per Yediot Ahronot.

According to Yediot Ahronot, Israel may need US approval, refuelling support and important munitions.

Tel Aviv also wants Washington to push for a tougher nuclear deal after the attack.

Source: Yediot Ahronot