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By JON MICHAEL RAASCH FOR DAILYMAIL.COM Published: 13:00 BST, 7 April 2025 | Updated: 20:17 BST, 7 April 2025
Donald Trump will not hold a formal press conference with Benjamin Netanyahu this afternoon as his tariffs sparked a global market meltdown.The press conference was due to be held in the White House East Room but officials said it would not now be taking place there.However, the White House denied that the event had been ‘canceled’ and said it was just going to happen in the Oval Office instead.The president has tripled down on his tariff threats after they sparked a global stock market bloodbath. After Trump hit China with tariffs Beijing hit back, but the president has now threatened to respond with an even harsher round of levies. Trump’s refusal to back down over the issue led to a growing MAGA civil war as several normally loyal key figures split with the president.Follow along with DailyMail.com’s live blog: Trump ‘cancels’ his press conference with Netanyahu – but is expected to speak in the Oval OfficeBy Geoff Earle, Deputy U.S. Political EditorPresident Donald Trump abruptly cancelled a scheduled press conference with Israeli Prime Minister Benjamin Netanyahu.Instead, the White House said a pool of reporters would be admitted to the Oval Office while Trump is meeting with the Israeli PM at around 2pm.The White House made the announcement after credentialing reporters for the event and putting it on Trump’s official schedule.The change of venue could still offer the opportunity for interaction with the press. The exchange is expected to be carried live Monday afternoon. The more intimate venue alongside Netanyahu won’t have the same formality of an East Room press conference, where correspondents typically stand up and get to ask both leaders questions.The sudden change comes as U.S. stocks continue to tank after Trump imposed what he calls ‘reciprocal tariffs’ last week.The pivot came as Trump greeted Netanyahu at the North Portico of the White House. Earlier Netanyahu met Trump’s Middle East envoy Steve Witkoff and discussed the situation in Gaza, where Israeli Defense Forces resumed ground operations last month.White House denies a 90-day tariff pause is on the tableBy Nikki Schwab, Chief Campaign CorrespondentThe White House on Monday morning denied that a 90-day tariff pause was on the table. The White House’s @RapidResponse47 X account responded: ‘Wrong. Fake News,’ to a headline that said President Donald Trump would announce a three-month reprieve. White House Communications Director Steven Cheung also chimed in: ‘Not true. Nobody can point to a transcript… because it was never said,’ Cheung posted to X.Cheung was correcting a post from conservative TV network Newsmax that said White House economic adviser Kevin Hassett had said in TV interview that a 90-day tariff pause on all countries except China was being considered. Hassett had been asked about a 90-day pause on Fox News Monday morning and answered: ‘I think the president is gonna decide what the president is gonna decide.’The misunderstanding likely stemmed from Hassett saying ‘yes’ before noting that Trump will decide what he will decide. Top U.S. NATO official fired as part of Trump’s national security purge: ReportNavy Vice Admiral Shoshana Chatfield, who also holds a senior position in NATO, was fired this week. It appears her departure is part of President Donald Trump’s plans to purge top officials in the national security community, three sources told Reuters on Monday. Allies were notified of Charfield’s removal from her positions, according to the sources. Chatfield was the first woman to hold the position of president of the Naval War College. On February 13, 2023, Chatfield was nominated for promotion and assignment as the U.S. military representative to the NATO Military Committee in Brussels, Belgium. She was confirmed by the Senate on December 13, 2023.Speaker Mike Johnson shares number of countries negotiating tariff rates with Trump is now up to 60Jon Michael Raasch, Political Reporter for DailyMail.comSpeaker Mike Johnson told DailyMail.com that President Donald Trump is negotiating tariff rates with 60 countries. When pressed on what he wants his constituents to know amid the market turbulence that has ensued since the president’s tariff announcement last week the speaker urged ‘patience.’ ‘Let’s hold tight and have patience,’ the top Republican in Congress said. ‘The president is engaging in a strategy right now. He’s negotiating with 60 different countries on better trade agreements between us, and I think you got to have a little patience.”This strategy has only been in effect for about a week.’ Trump sparks confusion by snubbing senators at White House Dodgers event: ‘I don’t like them’President Donald Trump got laughs and sparked confusion when he took a dig at unnamed senators during an event honoring the World Series Champion Los Angeles Dodgers.’We have a couple of senators here. I just don’t particularly like ’em, so I won’t introduce,’ Trump said during his remarks in the East Room.It came after lauding a series of Republican House members who were there, including Rep. Brian Jack, a former aid who he said ‘knows Congress very well.’The unexpected line got a delayed response, when members of the crowd started laughing at the unusual departure from protocol, where presidents often find something good to say about members of both parties at feel-good events.’I didn’t think it was that big a deal, actually,’ Trump remarked after the response, giving a chuckle of his own.Trump compared to Emperor Nero for ‘fiddling while Rome burns’ as tariff plan decimates global marketsBy Nikki Schwab, Chief Campaign CorrespondentPresident Donald Trump is being compared to Emperor Nero for spending the weekend playing golf after his tariff announcement triggered a market collapse.The legend surrounding the Roman Emperor Nero is that he started a fire that burned most of Rome – and played the fiddle while it was happening.Historians doubt that the story is true, but comparisons to Nero are made when a leader is out to lunch during a tragedy.Senate Minority Leader Chuck Schumer posted to X Saturday: ‘Nero fiddled. Trump golfed.’The president spent Friday through Sunday on his golf courses in Florida amid major market turmoil. Stagflation is ‘best case scenario’, says former NY Fed chiefBill Dudley, a former president of the Federal Reserve Bank of New York, said Monday that stagflation is now the ‘best case scenario’ for the US economy.Stagflation is the combination of economic stag-nation and in-flation. Prices continue to soar at the same time as economic growth slows and unemployment rises.Many economists consider stagflation, which was last seen in the US in the 1970s, to be worse than a recession.Dudley, who served as the president of the New York Fed from 2009 to 2018, made the comments in a column for Bloomberg.’Don’t expect the Federal Reserve to rescue the US economy from the epic tariffs the Trump administration has imposed on imports from most of the world. The only question now is how bad the damage will be,’ he wrote.’All told, stagflation is the optimistic scenario. More likely, the US will end up in a full-blown recession accompanied by higher inflation.’President Trump slams bipartisan effort to curb his tariff authoritiesJon Michael Raasch, Political Reporter for DailyMail.comPresident Donald Trump will veto a bipartisan effort on Capitol Hill meant to curb his tariffing authority should the measure pass both chambers, according to a statement prepared by his administration.Sens. Maria Cantwell, D-Wash., and Chuck Grassley, R-Iowa, introduced a measure that would require the president to inform Congress of coming tariffs within 48 hours of them being implemented. It would also mandate that the tariffs need approval from Congress within 60 days of them being imposed and that Congress could end any tariff at any time. ‘If passed, this bill would dangerously hamper the President’s authority and duty to determine our foreign policy and protect our national security,’ a statement sent from the administration to congressional offices on Monday read, Axios reported. ‘If S. 1272 were presented to the President, he would veto the bill,’ the statement continued.Mexico leader ‘does not rule out’ reciprocal tariffs on U.S. goodsPresident Claudia Sheinbaum of Mexico on Monday did ‘not rule out’ imposing reciprocal tariffs on U.S. goods.Mexico is the top U.S. trading partner and has been hit by tariffs on its automobiles, steel and aluminum.About 80 percent of Mexican exports flow over the border to the United States.We want to avoid imposing reciprocal tariffs in so far as possible. We do not rule it out, but we prefer to continue dialogue before taking any other measures.Breaking:Trump threatens China with even more tariffs President Donald Trump continues to plow forward with his aggressive effort to break China, demanding they remove retaliatory tariffs or face an additional tariff by Tuesday. US stocks plunge as Wall Street opens on Monday morningWall Street was a sea of red when stock markets opened on Monday morning.The S&P 500 sank 4 percent Monday, capping a brutal three-day slide of 13 percent — its worst stretch since the 2008 financial crisis. If it closes at this level, it will officially enter bear market territory, down 20% from its February peak.The Dow Jones Industrial Average fell 1,363 points, or 3.5 percent, following its first-ever back-to-back 1,500-point drops on Thursday and Friday.Meanwhile, the Nasdaq dropped another 4%, deepening its plunge into bear territory. It’s now down 26 percent from its recent high, as investors continue dumping tech stocks to raise cash.Trump ally gets behind EU proposal to have ‘ZERO’ tariffs with the U.S. Republican Utah Sen. Mike Lee shared support for a tariff deal with the European Union. Lee, a conservative Trump ally, reposted a clip of European Commission President Ursula von der Leyen saying she wants to make a ‘good deal.”We have offered zero-for-zero tariffs for industrial goods,’ she said. Lee reposted the comments writing: ‘Let’s take that deal! Much to gain!’ Workers cut down White House magnolia tree rumored to have been planted by President Andrew Jackson By Nikki Schwab, Chief Campaign CorrespondentWorkers on Monday cut down a White House magnolia tree that was rumored to be planted by President Andrew Jackson. President Donald Trump had posted to Truth Social in late March that ‘everything must come to an end,’ sharing plans for the magnolia tree to be removed. The tree stood near the doorways leading into the White House from the South Lawn. The tree was supposedly planted using seeds from Jackson’s home Hermitage to honor the president’s late wife Rachel. Historical photographs, however, only show the trees dating back to the 1860s. Jackson was president from 1829 to 1837. Trump plans to plant a new tree in the magnolia’s place. That tree was already on the South Lawn on Monday. It came from seeds from the magnolia being chopped down. Trump berates shocked Bloomberg reporter who asked ‘stupid’ tariffs questionPresident Donald Trump is showing little tolerance for reporters questioning his new tariff policy even as markets tank, admonishing one questioner aboard Air Force One and blasting ‘weak and stupid’ skeptics.Trump snapped while engaging with reporters aboard Air Force One after a weekend golfing in Florida.It happened when a reporter asked about ‘pain in the market at some point you’re unwilling to tolerate.’ It was essentially a way to ascertain whether Trump might buckle in the face of a market meltdown amid a growing trade war or even a recession.’This idea of a Trump put – is there a threshold?’ she asked – trying to assess a sentiment that the administration might adjust policies to address a sinking market. ‘I think your question is so stupid,’ Trump snapped backPro-MAGA host left stunned when he looked at his 401kMAGA host shocked by 401(k) lossesEven on the right, pundits and news anchors are reacting to the losses in their 401(k) and the stock market hits with shock. Inside new MAGA civil war as Trump tears into ‘PANICAN’ advisers stabbing him in the back on tariffsBy Nikki Schwab, Chief Campaign CorrespondentPresident Donald Trump tried to hold his MAGA coalition together Monday morning, urging supporters to not ‘be a PANICAN.’Trump rolled out the new term and described it as a ‘new party based on Weak and Stupid people!’He then, again, doubled down on his tariff policy.’The United States has a chance to do someting that should have been done DECADES AGO,’ the president posted to Truth Social. ‘Don’t be Weak! Don’t be Stupid! Don’t be a PANICAN … Be Strong, Courageous, and Patient, and GREATNESS will be a result!’The demand came as a new MAGA civil war appeared to be breaking out.Over the weekend, DOGE leader Elon Musk was publicly critical of Trump’s trade adviser Peter Navarro and pushed that the U.S. and Europe needed to move toward a ‘zero-tariff situation.’ In turn, Navarro described Musk as a ‘car salesman’ during an interview on Fox News on Sunday and said Musk was being critical of the Trump tariffs due to his own business interests.White House shares staggering number of countries who want to make deals on tariffsMore than 50 countries have reached out to the Trump administration to negotiate tariff deals, according to a White House advisor.’They’re doing that because they understand that they bear a lot of the tariff,’ National Economic Council Director Kevin Hassett said on Sunday.Last week, the commander-in-chief implemented a 10 percent ‘baseline’ tariff on all US trading partners.Trump says global negotiations on tariffs underwayPresident Donald Trump revealed that his adminstration is in talks with global leaders to negotiate on trade. He wrote the following on Truth Social: Countries from all over the World are talking to us. Tough but fair parameters are being set. Spoke to the Japanese Prime Minister this morning. He is sending a top team to negotiate! They have treated the U.S. very poorly on Trade. They don’t take our cars, but we take MILLIONS of theirs. Likewise Agriculture, and many other “things.” It all has to change, but especially with CHINA!!!Trump’s message after market wipe out: ‘Don’t be a PANICAN’By Geoff Earle, Deputy U.S. Political EditorWith overseas markets tanking overnight, President Trump told people not to be ‘weak and stupid.’Trump once again stood firm on his tariffs, which wiped away $5 trillion from Wall Street market value after he imposed them last week.‘The United States has a chance to do something that should have been done decades ago. Don’t be Weak! Don’t be Stupid! Don’t be a Panican (A new party based on Weak and Stupid people!),’ Trump posted on Truth Social, putting the word in all-caps.‘Be Strong, Courageous, and Patient, and greatness will be the result!’ Trump urged minutes before markets were set to reopen with Dow futures down sharply.It came hours after Trump snapped at a reporter who questioned him aboard Air Force One about market pain. ‘I think your question is so stupid,’ Trump said in response.Online dictionaries did not show a definition for Panican, so Trump may have created the word. There is a Bulgarian rock band called Panican Whyasker. JPMorgan warns recession unavoidable even if tariffs halted immediatelyJPMorgan Chase has warned that the United States is now barreling toward a recession, and that even an immediate rollback of President Trump’s sweeping new tariffs may not be enough to prevent it.JPMorgan’s chief economist, Bruce Kasman, issued the grave assessment on Thursday, raising the firm’s recession forecast to 60%, up from 40% just days earlier.The revised figure came following the White House’s announcement of a 10% across-the-board tariff on all imported goods, along with even steeper penalties for nations with sizable trade surpluses.Pro-Trump billionaire Bill Ackman warns of ‘economic nuclear winter’ as he calls for 90-day pause on tariffsTrump ally Bill Ackman has warned that the world is on the brink of an ‘economic nuclear winter’ as he begged the president to hit pause on his reciprocal tariffs.The president’s 10 percent ‘baseline’ tariff began Saturday, hitting all US imports except goods from Mexico and Canada. Further tariffs on goods from 57 trading partners, including European Union, come into effect April 9.Asian and European markets plunged on opening Monday, with Germany’s Dax down a staggering 10 per cent and the STOXX 600 slumping 5.8 percent. The UK’s FTSE 100 tanked to its lowest level in a year.More devastating news for artist behind THAT hated Trump portraitA painter who caught headlines for ‘purposely distorting’ an image of President Donald Trump says her business may never recover.Sarah Boardman, the British painter who made a portrait of Trump to be hung in the Colorado Capitol, has lifted the lid on how her business has been pummeled after the Republican posted a furious response to her work.’Nobody likes a bad picture or painting of themselves, but the one in Colorado, in the State Capitol, put up by the Governor, along with all other Presidents, was purposefully distorted to a level that even I, perhaps, have never seen before,’ Trump said of Boardman’s work last month.Trump calls on the fed chair to cut interest ratesOil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place. This is despite the fact that the biggest abuser of them all, China, whose markets are crashing, just raised its Tariffs by 34%, on top of its long term ridiculously high Tariffs (Plus!), not acknowledging my warning for abusing countries not to retaliate. They’ve made enough, for decades, taking advantage of the Good OL’ USA! Our past “leaders” are to blame for allowing this, and so much else, to happen to our Country. MAKE AMERICA GREAT AGAIN!Trump reveals his bold response to world leaders who BEGGED for tariff trade deal… as he gives chilling warning to ChinaThe president, 78, told reporters onboard Air Force One that he has spoken to European and Asian leaders since his worldwide tariffs went into effect – devastating the world’s stock markets.Exclusive:Americans deliver shock verdict on Trump’s controversial new tariffsAn exclusive DailyMail.com/J.L. Partners survey of over 1,000 registered voters conducted from March 31 to April 3 found that the Republican remains largely popular in the U.S.The poll found that Trump’s approval rating rose to 53 percent, a 4-point increase over last week when it was 49 percent.Trump’s rising approval rating is surprising given the flak the White House has received over the tariff order signed Wednesday.It is up by 13 points since March 7 among those aged 18 to 29.
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Mystery as Trump ‘cancels’ press conference with Netanyahu amid global tariff market meltdown: Live updates
