Following President Donald Trump’s “Liberation Day” tariff announcement in April, members of Congress were unusually active in the stock market. From April 2, the day Trump announced the tariffs, to April 8,

Lawmakers were active stock traders in the days following Trump’s Liberation Day tariff announcement. A study of trades shows House lawmakers (or their families) made 1,865 trades in April. This comes amid calls for reform that would prevent lawmakers from trading individual stocks.

Oft-cited comps for liberation day as a market event are comparatively recent pullbacks such as the start of the COVID pandemic in early 2020, and the global financial crisis of 2008-2009. JP Morgan Wealth Management published a much more extensive list of 21 drawdowns, dating back nearly a century to the Great Depression.

President Trump told reporters on Wednesday that he would send letters to trading partners in the next week or two setting unilateral tariff rates. “At a certain point, we’re just going to send letters out.

The Trump administration is “highly likely” to extend next month’s deadline for countries to agree one-for-one trade deals — so long as they are engaged in “good-faith negotiations,” Treasury Secretary Scott Bessent told lawmakers Wednesday.

The UK economy shrank by 0.3% during April after Donald Trump imposed sweeping tariffs on foreign imports, official numbers show. It’s a blow to Rachel Reeves, who tried to splash the cash for government departments in her spending review yesterday.

President Donald Trump hailed an appeals court ruling keeping his tariffs in place temporarily as a “great and important win” Wednesday morning, falsely claiming the court upheld his “Liberation Day” tariffs—though the actual court ruling says nothing about the merits of Trump’s signature policy, and judges could still strike the tariffs down.

A federal appeals court ruled Tuesday night that President Trump’s 'Liberation Day' tariffs could stay in force while it considers whether the president has the ultimate legal authority to impose the duties.