Trump’s Tariffs Are Good for One Thing: Saving Us From Podcast Bros

Donald Trump’s appearances on several podcasts last summer helped him cinch important voting blocs, such as young male voters—but now the president’s economic plan could damage the audio industry.

All items on the consumer price index rose by at least 0.2 percent in April, according to data released Tuesday by the U.S. Bureau of Labor Statistics.

But some industries were hit even harder. Prices for audio equipment, for instance, rose by 8.8 percent, according to market columnist Sam Ro, who has a Substack called TKer.

“Podcasters are getting crushed,” Ro posted on X.

The president’s tariff rollout has been remarkably bad for business, sending investors on a roller-coaster ride since he first announced the plan in early April. As a result, working- and middle-class Americans have lost thousands of dollars in retirement savings, businesses have stalled on critical long-term decisions, and America has lost some of its most important international allies.

It was only the reversal of Trump’s corrosive tariffs on China—which on Monday dropped to 30 percent from 145 percent for the next 90 days—that rallied the markets.

The news also made the dollar flourish, surging 1.1 percent against several other currencies in the wake of the tariff pause to hit a one-month high. The dollar was still down 2.3 percent, however, since Trump first announced his sweeping plan.

“Now the conditions are falling into place for a deeper adjustment and a bigger recovery of the dollar to catch up with U.S. equities and bond yields,” Kenneth Broux, senior strategist at Societe Generale in London, told Reuters.

Still, market columnists have been quick to note that the 90-day truce between the two countries is “not a deal.” The Trump administration has promised sector-specific tariffs—something that could fundamentally undermine the fragile $600 billion trade agreement set in place over the weekend.

Trump has argued that tariffs are the best solution to closing the country’s trade deficits, which he has incorrectly likened to taxpayer-backed “subsidies” for other nations. He has claimed that without tariffs, the U.S. is transferring wealth to other countries while receiving nothing in exchange. He has also pitched that hiking tariffs on other nations would bring jobs and manufacturing opportunities back to American shores, but economists don’t agree with either point.

Instead, droves of financial and economic experts have insisted that tariffs on other nations will only serve to harm America and its markets, making products more expensive stateside and making American consumers less likely to spend their money (something that Trump doesn’t seem to have any problem with, actually). The Harvard Kennedy Business School even floated in April that America’s trade deficit basically doesn’t matter, writing that “Americans earn more from, or earn just about as much from, their total investments abroad as foreigners earn in the United States.”

Donald Trump announced a weapons deal with Saudi Arabia worth $142 billion Tuesday, bragging that it is the “largest” arms deal in history.

According to a fact sheet released by the White House, the deal, which was signed on the first day of Trump’s visit to Saudi Arabia, will provide “state-of-the-art warfighting equipment and services from over a dozen U.S. defense firms.” The U.S. will also help train the Saudi armed forces, including Saudi service academies and military medical services. The White House says the arms deal is part of a “historic $600 billion investment commitment” from the country.

The announcement comes after Saudi Crown Prince Mohammed bin Salman pledged a $600 billion investment in the U.S. in January during Trump’s first phone call to a foreign leader as president. The White House is floating the idea of renaming the body of water to the “Arabian Gulf,” a move that will please Saudi and the U.S.’s other Arab allies.

Trump has extensive business ties with Saudi Arabia, with his company announcing the multimillion dollar Trump Tower Jeddah in December. Trump has also hosted Saudi-backed LIV Golf tournaments and events at his clubs, and an investment fund belonging to his son-in-law, Jared Kushner, has taken $2 billion from Saudi’s sovereign wealth fund.

Kushner has been advising White House officials about negotiations with Arab leaders in advance of Trump’s trip to the Middle East, specifically about normalizing ties with Israel. He reportedly speaks with bin Salman every week, and is trying to convince Gulf states, and particularly Saudi Arabia, to normalize ties with Israel.

The weapons deal could be part of a larger deal in which Saudi Arabia announces normalization with Israel, which has long been sought by the U.S. Right now, though, Trump and his associates are more concerned with deals that make money, regardless of whatever human rights concerns come from the Saudi regime.

This story has been updated.

Senate Minority Leader Chuck Schumer is placing a hold on all political appointments at the Department of Justice until Attorney General Pam Bondi provides answers over Qatar’s $400 million luxury plane gift to Donald Trump.

Schumer plans to announce the move on Tuesday morning on the Senate floor, and it will be the first time that he will be placing a blanket hold on presidential nominees. The New York senator will also ask the DOJ’s Foreign Agents Registration Act unit to come clean on any Qatari foreign agents inside the United States who could benefit Trump or his businesses, which seems like an allusion to Bondi’s past job as a lobbyist for Qatar.

Punchbowl News reports that Schumer wants to know the specifics of the deal, including how it affects an existing contract with Boeing to provide the planes for Air Force One.

“Until the American people learn the truth about this deal, I will do my part to block the galling and truly breathtaking politicization at the Department of Justice,” Schumer will say, according to Punchbowl.

Trump has tried to explain away the jet gift as something other presidents, such as Ronald Reagan, have also done, even though that isn’t true. In addition to Democrats, some of Trump’s biggest fans on the right have come out against the deal. Even though Trump claims the gift is “free,” it will likely cost taxpayers millions of dollars in modifications to meet Air Force One standards.

In effect, this plane isn’t really a gift, but a bribe, especially considering that earlier this month, Trump’s businesses cut a deal to build a luxury golf resort in Qatar. It’s good that Schumer is taking action, but it’s coming after many other ethical issues in the Trump administration that apparently didn’t warrant a hold on nominees.

Joe Biden’s decline was obvious in the final months of his presidential campaign, but new and intimate accounts by his staffers reveal that the president’s inner circle conducted a cover-up of his faltering mental acuity as early as 2023.

Axios’s national political correspondent Alex Thompson and CNN host Jake Tapper’s book, Original Sin: President Biden’s Decline, Its Cover-Up, and His Disastrous Choice to Run Again, doesn’t hit shelves until May 20. But some early glimpses at the book, published Tuesday by The Guardian, provide a more detailed picture of the chaos endemic to the end of Biden’s tenure.

“We attempted to shield him from his own staff so many people didn’t realize the extent of the decline beginning in 2023,” one unidentified senior aide, who quit the White House in protest of Biden’s campaign, told Thompson and Tapper.

“I love Joe Biden. When it comes to decency, there are few in politics like him,” the aide continued. “Still, it was a disservice to the country and to the party for his family and advisers to allow him to run again.”

A Democratic strategist who spoke to the reporting duo was more blunt.

“It was an abomination,” the strategist said. “He stole an election from the Democratic Party; he stole it from the American people.”

“Since at least 2022,” Biden struggled to maintain his trains of thought. He wavered on his top aides’ names. His speeches dragged.

“When he proved incapable of delivering a two-minute video address without stumbling, aides filmed him with two cameras so the edit would be less obvious,” The Guardian reported.

His regression summoned prominent Democrats to issue stern warnings. In a 2023 visit to the White House, former President Barack Obama reportedly cautioned Biden: “Just make sure you can win the race.” Days before Biden dropped out, then–Senate Majority Leader Chuck Schumer told him that, should he usher in another Trump era due to his own hubris, he would “go down in American history as one of the darkest figures.”

“You have bigger balls than anyone I’ve ever met,” Biden reportedly told Schumer as the senator left.

Power players on Vice President Kamala Harris’s campaign team had searing reviews of the president’s performance.

“He totally fucked us,” David Plouffe told Thompson and Tapper. Plouffe was Obama’s 2008 campaign manager and had been tapped to help Harris’s 107-day-sprint to the White House, which he described as a “fucking nightmare.”

“It’s all Biden,” Plouffe said, remarking that Harris’s campaign had begun in a “deep hole,” thanks to Biden’s insistence on staying in the race.

Tapper and Thompson interviewed some 200 individuals for the book, but none of their perspectives swayed Biden—then or now. Last week, while speaking with The View, the 82-year-old continued to deny allegations that he had and was experiencing symptoms of mental decline.

“They are wrong,” Biden said. “There is nothing to sustain that.”

There’s no such thing as a free plane.

Donald Trump has claimed that he is receiving a “free, very expensive plane” from the Qatari royal family—but while it may be free to him, it will be very expensive to the American taxpayer, according to Politico.

The Qatari Defense Ministry is currently considering transferring a luxury Boeing 747-8 jumbo jet to replace Air Force One, which would be one of the largest gifts from a foreign government to a U.S. president ever. While the plane has the same base model as others used to transport the president, this plane wouldn’t be ready to fly day one; it would require costly modifications.

“This isn’t really a gift,” Connecticut Representative Joe Courtney, the top Democrat on the House Armed Services Seapower and Projection Forces Subcommittee, told Politico. He warned that the jumbo jet would have to be completely rebuilt by the Department of Defense.

“You’d basically have to tear the plane down to the studs and rebuild it to meet all the survivability, security and communications requirements of Air Force One. It’s a massive undertaking—and an unfunded one at that.”

The plane would need to be outfitted with self-defense technology and electromagnetic shielding.

Former Air Force acquisitions chief Andrew Hunter told Politico that this massive, unfunded undertaking could end up costing a pretty penny. “The cost of a retrofit like this would likely be on the order of a heavy maintenance cycle for a VC-25A, which is in the tens or even hundreds of millions of dollars,” he said.

Hunter noted that there would also need to be a complete security sweep of the plane’s software that could end up costing tens of millions. “That’s not a trivial thing to do,” he said.

Maintaining the plane could also prove expensive. According to a 2021 estimate from the Pentagon, each VC-25B plane costs more than $2.5 billion and will cost a projected $7.7 billion for long-term operations and support costs over the next 30 years.

Trump has claimed that the plane will be “decommissioned” into his Presidential Library Foundation at the end of his term.

The gargantuan gift has summoned criticism from Democrats and Trump’s usual critics, but even his far-right allies are infuriated by the blatant show of corruption. Receiving a luxury plane from Qatar looks like a bribe, especially considering the Trump family business’s recent deal to build a luxury golf resort in the Gulf nation.

Trump is replacing the first Black librarian of Congress with his own personal lawyer.

The Justice Department on Monday announced that Deputy Attorney General Todd Blanche, Trump’s lead defense lawyer in his Stormy Daniels hush-money case, will be acting librarian of Congress. Blanche will replace Dr. Carla Hayden, who held the position since 2016 until she was fired on Friday.

The White House blamed Hayden’s firing on her support for DEI.

“We felt she did not fit the needs of the American people,” White House spokeswoman Karoline Leavitt told reporters. “There were quite concerning things that she had done at the Library of Congress in the pursuit of DEI and putting inappropriate books in the library for children.” The Librarian of Congress is a research position, not a book-lending position. Hayden was not handing out “woke” books to children. She was leading the “Of the People”campaign, which aimed to showcase works from Black, indigenous, Hispanic or Latino, Asian American and Pacific Islander and other communities of color in the library collections.

Donald Trump made it easier to deport Afghans on the same day that he welcomed white South African “refugees” arriving in the country.

Secretary of Homeland Security Kristi Noem announced Monday that the government is ending the temporary protected status for Afghanistan, putting the legal residency of 9,000 Afghans in the U.S. in jeopardy. Noem claimed in a statement that conditions in Taliban-ruled Afghanistan have improved enough for TPS for Afghans to expire on May 20, with the program being terminated on July 12.

“Afghanistan has had an improved security situation, and its stabilizing economy no longer prevent them from returning to their home country,” Noem’s statement reads. “Additionally, the termination furthers the national interest as DHS records indicate that there are recipients who have been under investigation for fraud and threatening our public safety and national security.”

President Biden extended TPS to Afghans after the Taliban took over Afghanistan following the U.S. military withdrawal from the country in 2021. Tens of thousands of Afghan refugees, many of whom worked with the U.S. military, subsequently arrived stateside. Last month, the Department of Homeland Security announced it would not renew temporary protections for Afghans in the United States.

The Trump administration has considered one exception to its plan to deport Afghan refugees: Christians, who potentially face persecution if they return to the country. But that’s of little comfort to Afghans of various faiths who face an uncertain and dangerous future if they are deported to the hard-line authoritarian country, especially if they worked with U.S. forces.

“What the administration has done today is betray people who risked their lives for America, built lives here, and believed in our promises,” nonprofit group #AfghanEvac, which helps resettle Afghan families in the U.S., posted on X on Monday.

The move comes on the same day that the Trump administration is welcoming white Afrikaner “refugees” from South Africa while continuing to ban most other refugees. Deputy Secretary of State Christopher Landau said Monday that the Afrikaners were admitted because they could be “assimilated easily” into the U.S., a racist confirmation that the administration sees white South Africans as preferable to Black and brown immigrants.

Afghan refugees reading the news on Monday will likely feel betrayed by the U.S., especially those who put their lives on the line to assist the U.S. military during its two-decade presence in Afghanistan. It seems that the only threat they pose to “national security and public safety” is being the wrong race or following the wrong religion for the Trump administration.

Two men claiming to be Trump appointees were denied entry to the U.S. Copyright Office Monday.

The men arrived at the internal Library of Congress agency with a document claiming to be agency officials as appointed by the White House, reported Wired. They claimed to be Brian Nieves, a new deputy librarian, and Paul Perkins, a new acting director of the office as well as acting registrar, a source told the publication. “It is unclear whether the men accurately identified themselves,” Wired noted.

The document the two men referred to also specified that deputy Attorney General Todd Blanche, a former defense attorney for Donald Trump, was the acting librarian of Congress.

The men were not allowed in by Capitol Police, a source told the publication, though the law enforcement agency rejected that anyone had been denied entry or escorted out.

Individuals with those names currently work in the federal government. Nieves serves as the deputy chief of staff at the office of the deputy attorney general, while Perkins is an associate deputy attorney general at the Department of Justice, their LinkedIn profiles reveal.

The attempted entry came two days after Trump fired Shira Perlmutter, the director of the Copyright Office. Perlmutter had served in the role since October 2020, but her exit came one day after the agency published a 108-page “pre-publication” report questioning the legality of utilizing copyrighted materials to train artificial intelligence.

Copyright lawyers who spoke with Wired described the report—and its premature release—as outside the norm for the agency. But the report’s determination was highly anticipated, as growth in Silicon Valley currently rests on the rapid advancement of artificial intelligence and its ability to steal information from publishers, news outlets, artists, musicians, and countless other professions.

The nation’s Librarian of Congress Carla Hayden also received the boot earlier last week. She was the first woman and the first Black person to serve in the role. Speaking with reporters Friday, White House press secretary Karoline Leavitt blamed Hayden’s removal on the librarian’s “pursuit of DEI” and for “putting inappropriate books in the library for children,” claiming that Hayden’s appointment “did not fit the needs of the American people.

Both Hayden and Perlmutter had faced scrutiny by conservatives, including the nonprofit government oversight group American Accountability Foundation, which had called for their dismissal.

“The President and his team have done an admirable and long-needed job cleaning out deep state liberals from the federal government. It is time they show Carla Hayden and Shira Perlmutter the door and return an America First agenda to the nation’s intellectual property regulation,” AAF’s president Tom Jones told the Daily Mail last month.

People spent an estimated $148 million on Donald Trump’s meme coin in a contest to dine with the president at his private golf club in Sterling, Virginia, just outside of Washington, D.C., later this month. 

Reuters reports that Trump will host the top 220 holders of his cryptocurrency at a gala dinner on May 22, which he marketed as the “most EXCLUSIVE INVITATION in the world.” The top 25 buyers will get an “ultra-exclusive private VIP reception” and “Special VIP Tour” with the president. 

The contest to dine with the president resulted in the top 220 holdings amounting to $147,586,796.41. The holders of Trump’s coin include companies based in places such as Singapore and Hong Kong.  

The top wallet, holding close to $18.5 million of coin, is called “SUN” and is held by a Seychelles-based crypto exchange known as HTX. Justin Sun, a Chinese national accused of fraud known for spending $6.2 million on a banana and then eating it, is on HTX’s board and already has a financial relationship with Trump. 

Sun said he invested $75 million into the Trump family’s cryptocurrency venture, World Liberty Financial, after the 2024 election. He was then fortunate enough to have Securities and Exchange Commission charges dropped against him in February. 

Not all have been so lucky. Trump announced the $TRUMP coin on the weekend of his inauguration in January, and since then, 592,962 cryptocurrency wallets, most of its investors, have lost a combined $3.9 billion.

It’s quite evident that Trump’s meme coin has been a vessel for corruption for the president, allowing millions of dollars in foreign money to flow freely into his and his family’s pockets. Every time the president makes a policy decision or even speaks about cryptocurrency, it causes the value of his coin to go up. Trump is openly flaunting corruption as president, and only congressional Democrats are saying anything, with the little power they have. 

“The Trump meme coin is the single most corrupt act ever committed by a president,” Senator Chris Murphy told Reuters in a statement on Friday. “Donald Trump is essentially posting his Venmo for any billionaire CEO or foreign oligarch to cash in some favors by secretly sending him millions of dollars.”

An administration official’s attempt to explain Donald Trump’s decision to allow white South African “refugees” as an exception to his ban on asylum-seekers revealed just how racist the policy really is. 

Deputy Secretary of State Christopher Landau was greeting the group of 59 Afrikaners who arrived in Washington Monday, when he told a reporter that Afrikaners had received an exception to the president’s order because they could be “assimilated easily” into the United States. 

The reporter had asked why Trump had chosen to prioritize Afrikaners, white descendants of mainly Dutch colonizers in South Africa, over other refugees from countries such as Afghanistan. 

Landau explained that Trump’s ban on virtually all refugees “was subject, from the very beginning, to exceptions where it was determined that this would be in the interest of the United States.

“One of, some of the criteria are making sure that refugees did not pose any challenge to our national security, and that they could be assimilated easily into our country,” Landau said. 

The deputy secretary’s language indicates that the Trump administration is willing to admit  refugees who are more culturally and ethnically cohesive with the predominantly white U.S. population.

Trump has repeatedly attempted to blow up perceived cultural differences between U.S. citizens and immigrants as a basis for installing blatantly racist immigration policies. 

Laundau’s comments come just months after Trump and his campaign team attempted to smear Haitian immigrant populations, baselessly claiming that a group of refugees in Springfield, Ohio, had begun cooking up their neighbors’ pets. JD Vance even targeted the children of undocumented immigrants across the country for not being fluent in English, claiming they were a strain on the American education system—which the administration obviously cares so much about, given that they gutted the federal agency that funds it.

In reality, Haitian migrants in Springfield created an economic revival in the struggling industrial city, and local officials in Charleroi, Pennsylvania, another of the towns Trump had targeted with racist smears, insisted that Trump was lying and that the language barrier for immigrant students was not an issue. 

Trump’s blatantly racist rhetoric has gone on to inform his administration’s sinister immigration agenda, which seeks to strip immigrants, both documented and undocumented, of their legal protections and deport or exile them to foreign countries. 

In short, any claims about wanting to ease assimilation are just as pathetic as Trump’s claims about immigrants eating cats and dogs.