— President Donald Trump is threatening new 50% tariffs on China unless Beijing lifts its retaliatory duties on U.S. exports by tomorrow.
— The White House says any suggestion that Trump is considering a 90-day pause in tariffs is “fake news.”
— U.S. markets opened sharply lower Monday for a third trading session, as Trump’s tariffs paralyze global trade and investment.
— Asian markets plunged overnight, with stock indexes in Singapore, Australia, Japan, South Korea and India all suffering losses.
— European Union President Ursula von der Leyen said the EU is willing to negotiate with the U.S. on tariffs but also said the bloc will prepare to retaliate.
— Billionaire Trump backer Bill Ackman says America is on the brink of an “economic nuclear winter” due to tariffs.
— DOGE chief Elon Musk and top Trump trade advisor Peter Navarro continued a war of words and tweets over free trade.
— Trump will host Israeli Prime Minister Benjamin Netanyahu, one of his closest allies, at the White House Monday.
— Commerce Secretary Howard Lutnick insists that tariffs will not be postponed, and will “stay in place for days and weeks.”