With the help of a large chart, the president unveiled his latest wave of tariffs Wednesday on what he called “Liberation Day.” Trump announced blanket levies of at least 10 percent on every nation – with many facing higher but “discounted reciprocal tariffs.”

Tariffs are taxes charged on goods imported to the U.S., but frequently passed on to consumers by companies.

Trump has long promoted the idea of reciprocal tariffs and said the U.S. was going to charge countries what they charge America. He claimed the new policy is necessary to balance out American competitiveness.

However, financial journalist James Surowiecki noted the tariff rate for other nations Trump showed off is not related to a tariff American manufacturers pay, but a calculation using the trade deficit.

A Turkish doctoral student who was grabbed off the street by plain-clothes federal agents in apparent retaliation for her op-ed criticizing Israel says her arrest and ongoing detention won’t stop her from speaking out.

Tufts University’s PhD student Rumeysa Ozturk — among several international students targeted for removal from the country for their Palestinian advocacy — remains in detention in a Louisiana facility while her lawyers argue in court for her release. She has not been accused of a crime, and the government’s only apparent evidence against her is an op-ed in a student newspaper.

Lawyers for Donald Trump’s administration are refusing to answer who gave the order to ignore a federal judge’s ruling that blocked the government from deporting dozens of immigrants under the president’s use of the Alien Enemies act.

District Judge James Boasberg grilled government lawyers at a hearing in Washington, D.C., on Thursday to determine whether the government intentionally defied his court orders to turn planes around before they were emptied out into a notorious prison in El Salvador last month.

The administration appeared to be acting in “bad faith” after his court orders, Boasberg said.

The Trump administration is planning to halt more than half a billion dollars in contracts and grants awarded to Brown University, adding to a list of Ivy League colleges that have had their federal money threatened as a result of their responses to antisemitism, a White House official said.

Nearly $510 million in federal contracts and grants are on the line, said the official, who was not authorized to speak publicly about the plan and spoke on condition of anonymity.

In an email Thursday to campus leaders, Brown Provost Frank Doyle said the university was aware of “troubling rumors” about government action on its research money. “At this moment, we have no information to substantiate any of these rumors,” Doyle said.

It comes two days after President Donald Trump’s administration halted research grants at Princeton University. Dozens of universities are facing federal investigations into antisemitism following a wave of pro-Palestinian protests last year, but the administration has focused special attention on elite colleges.

According to at least one Goldman Sachs analyst, the trucks are, therefore, expected to see a big price hike, as Steffie Banatvala reports.

On a historically bad day on Wall Street, the NASDAQ broke a record with its largest single-day point drop in the market’s 50-year history as investors responded to President Donald Trump’s tariff plan.

Both the NASDAQ and Dow Jones suffered their worst days since March 2020 amid the Covid-19 pandemic. The Dow fell 1,679 points, which ranks in the top five for most points lost in a single day. The NASDAQ fell 1,050 points for its largest one-day drop.

Kelly Rissman recaps a tumultuous day in New York.

Donald Trump says that Americans have been “plundered”, “raped” and “scavenged” by “foreign cheaters” for decades. Such bizarre, violent language. So unpresidential. And plain wrong.

Some might wonder how the US – were his assertions correct – could have come to be the largest and most successful economy in the history of the world. Its citizens have never been richer. But this may not be the case for much longer.

Trump keeps telling folk that foreign countries pay tariffs. They don’t. American shoppers will. Will American shoppers see their Vietnamese-made Apple iPhones in Walmart go up by 46 per cent? Will people in those hard-pressed towns in the rust belt be made to pay more for a home made with Canadian timber?

Almost no countries were spared from President Donald Trump’s sweeping tariffs; even small, uninhabited islands in the Indian Ocean were included in the exhaustive list. But one country was notably missing: Russia.

That’s the advice of personal finance influencer Vivian Tu, better known as YourRichBFF. A former Wall Street trader, Tu now heads up her own financial education and advice company — and recommends we all take a deep breath.