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It’s Thursday. Sooooo, who thinks there will be a TikTok deal by this weekend?

In today's edition:

• Stocks nosedive over Trump’s hefty tariffs
• Countries react; 'penguin' tariff sparks jokes
• Multiple NSC staffers reportedly fired
• Johnson seeks compromise after proxy voting drama
• National Burrito Day specials today 🌯

THE FIRST 100 DAYS

*Awkwardly waves at the rest of the world*:

^To quote the TikTok meme, "heyyy, how y’all doing?’”

In one day, President Trump fundamentally redefined the U.S.’s trade policies, blowing up nearly a century of the U.S.’s free trade that encouraged easy international commerce.

The gist of Trump’s announcement: He will impose a universal 10 percent tariff as the baseline for all imports to the U.S., plus higher tariffs targeted at roughly 60 countries. Mexico and Canada were excluded because they’ve already been hit with their own tariffs.

^ Including: 20 percent on the European Union, 46 percent on Vietnam and 24 percent on Japan. China was slapped with another 34 percent tariff on top of the others, so it will effectively be around 54 percent (!) 📝 List of tariffs by country

Who was *not* on the list: Russia, North Korea, Cuba and Belarus were not included. The White House defended their exclusion, arguing they are “already facing extremely high tariffs.”

How were the tariffs calculated?: BBC ran the numbers and figured out the formula for the tariffs.

🔷 The markets: The stock market took a nosedive this morning. The Dow dropped 1,200 points, the Nasdaq plummeted by 3.3 percent — and the S&P 500 is on track for its worst day since September 2022, per CNBC. By the way, Newsmax's team and former Trump adviser Rudy Giuliani 📸rang the opening bell this morning.

🔷 How are other countries reacting?: Some countries have threatened the U.S. with more tariffs and others are calling for negotiations. The latter is what Trump wants. 📝 Reactions by country

Treasury Secretary Scott Bessent is

© The Hill