The Times

The Supreme Court has granted President Trump permission to continue deporting alleged gang members using a wartime law that is more than 200 years old. The Unites States’ highest court overturned a block that had been placed on the 1798 Alien Enemies Act, which allows non-citizens to be deported without the opportunity to be heard by an immigration or federal court judge. The Trump administration had used the law to deport 137 people, including alleged members of the Venezuelan gang Tren de Aragua, before a lower court temporarily blocked the deportations on March 15

The Magnolia Jackson tree, slightly crooked and framing the white columns of the South Portico of the White House with its luscious branches, has seen 39 US presidents come and go. Indeed, it witnessed so many historical events that the National Park Service designated it as “witness tree” in 2006. Now time is up for the ailing tree, planted by President Andrew Jackson nearly two centuries ago and believed to be the oldest on the White House grounds

🔺 Trump tariffs live: China vows to ‘fight to the end’ in trade war. A Beijing spokesman said the president’s threat ‘exposes the US’s blackmailing nature’. Stocks have fallen globally as markets react to the tariffs. 🔓 This story is free to read

The chief executive of JP Morgan has ordered staff to stop reading texts and emails in meetings, branding it “disrespectful” In his annual letter to shareholders, Jamie Dimon urged employees to “make meetings count” and said he always gives discussions “100 per cent of my attention” “I see people in meetings all the time who are getting notifications and personal texts or who are reading emails. This has to stop. It’s disrespectful. It wastes time,” he wrote Click the link to read the full article: https://lnkd.in/ebp-2664

Banks are expected to cut fixed mortgage rates within days as the fallout from President Trump’s global tariffs continues to cause turmoil in financial markets. One smaller lender, MPowered Mortgages, willcut rates by up to 0.21% on Tuesday. Peter Stimson, of MPowered, said that he expected to see mortgage rates at big banks come down “within the coming days”. He said: “The speed and scale of the fall in swap rates has triggered a race to react among mortgage lenders, and within the coming days I expect the big six lenders will all follow suit with cuts of their own”

Elon Musk is leading a pressure campaign by White House insiders to get President Trump to reverse his hardline tariff policy but is coming under fire as a war of words has broken out between advisers. Musk, the world’s richest man who became a close adviser and cost-cutter for Trump, posted a video clip of the economist Milton Friedman, talking up the benefits of free trade for innovation, value and world peace. This came after Peter Navarro, Trump’s chief adviser on trade and tariffs, dismissed earlier calls by Musk for free trade with Europe, saying: “Elon Musk sells cars. He’s simply protecting his own interests as any business person would do”

🔎 Analysis: President Trump has hastened the international showdown that could define his presidency — conflict with China. His threat to levy an extra tariff of 50% on top of the 34% announced on “liberation day” unless Beijing backs down from its retaliatory measures amounts to economic shock and awe. A refusal to negotiate further with China suggests a president dug firmly into his tariff trench and willing to take the highest level of risk with the economy to stay there

President Trump’s tariffs have wiped trillions of dollars off the value of stock markets worldwide and amplified concerns that the global economy is hurtling toward a recession. According to analysts, the decline in US stocks has been among the largest since the Second World War, surpassed only by the 1987 “Black Monday” stock market crash, the 2008 global financial crisis and the early days of the Covid-19 pandemic | ✍️ Jack Barnett, Economics Correspondent

Bill Ackman, one of Donald Trump’s biggest cheerleaders on Wall Street, has called for a 90-day pause on the trade war and warned that the world faces “an economic nuclear winter” unless the president reverses course. Billionaire Ackman said late on Sunday that the US was “in the process of destroying confidence in our country as a trading partner, as a place to do business, and as a market to invest capital”

Hollywood executives desperate for a hit film may just have been saved by a tiny zombie riding a chicken inside a boxing ring. But the success of A Minecraft Movie may have come at a huge cost: audiences so rowdy that police have been called to cinemas. The film, which stars Jack Black and Jason Momoa, was panned by critics but is well on its way to becoming a worldwide phenomenon, bringing in an estimated $300 million (£233 million) globally during its opening weekend. The Hollywood trade magazine Variety reported that the film had recorded the most successful start at the box office of any film this year