China imposes 34% tariff on imports of all US products.The retaliatory tariff will go into effect April 10 and comes two days after President Donald Trump announced a 34% tariff on Chinese goods, which excludes some categories like semiconductors and pharmaceuticals. China's tariff doesn't include any exceptions. China sells far more to the US than it buys (
see overview). Federal Reserve Chair Jerome Powell said inflation
will likely pick up due to the trade war.
South Carolina, UConn head to women's NCAA championship.The South Carolina Gamecocks defeated the Texas Longhorns 74-57, while the Connecticut Huskies beat the UCLA Bruins 85-51. South Carolina and Connecticut will face each other in the championship game tomorrow (3 pm ET, ABC). On the men's side, the Final Four begins tomorrow, with the Florida Gators taking on the Auburn Tigers (6:09 pm ET, ABC) and the Houston Cougars taking on the Duke Blue Devils (8:49 pm ET, ABC).
Trump extends TikTok deadline by an additional 75 days.
TikTok's Chinese parent company, ByteDance, now has until June 19 to sell the popular social media app to a non-Chinese company or risk being banned in the US. The latest extension is the second one granted to the company after its original Jan. 19 deadline was delayed by 75 days to today. The administration is said to be considering a
number of bids from US companies to buy TikTok, including Amazon.
Trump administration to freeze grants to Brown, sets terms for Harvard.The Trump administration is reportedly planning to freeze $510M in grants to Brown University over concerns about antisemitism on campus, following similar actions against other universities, including Columbia and Princeton. Meanwhile, Harvard University received a letter from the administration ordering it to adhere to a set of changes to maintain $9B in federal funding, including eliminating its diversity, equity, and inclusion program.
US hiring in March exceeds economist expectations.US employers added 228,000 nonfarm jobs last month, higher than the 140,000 jobs economists had estimated and up from the revised 117,000 jobs in February. The unemployment rate increased to 4.2%, up from 4.1% in February. Average hourly earnings rose 0.3% month over month (as expected) and 3.8% year over year (below expectations and the lowest level since July 2024).
Russell Brand charged with rape and sexual assault in UK.Prosecutors charged the British comedian and actor with offenses involving four women between 1999 and 2005. The charges come roughly a year and a half after an investigation into Brand’s past behavior, fueled by media reports. Brand denies the accusations, maintaining that all his past relationships were consensual. He is set to appear in court May 2.
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