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US-EU Defense Tensions Continue, Trade War Concerns Worsen, Brazilian Political Tensions Expand, and Economic Warnings Shake Markets.

April 7, 2025

Good Morning,

Tensions are rising as the US warns the EU about potentially excluding American companies from a €150 billion defense initiative aimed at supplying Ukraine with weapons. Meanwhile, Bill Ackman urges President Trump to pause the trade war, expressing that it deviates from voter expectations. Brazil’s Bolsonaro is facing criminal charges, leading to his supporters organizing in Sao Paulo. Concerns over economic repercussions are echoed by a Republican who cautions that tariffs could trigger an unprecedented depression. Additionally, Bernie Sanders issues a warning regarding the impact of Trump’s budget bill on Social Security. Amid these economic and political challenges, the stock market is experiencing turmoil, with Dow futures plummeting 1,500 points as the trade war continues to unsettle investors.

Former Brazilian President Jair Bolsonaro greets his supporters at a demonstration against his judicial process and to demand the amnesty of all accused of taking part in the allegedly conspiring to overthrow the government, in Sao Paulo, Brazil, April 6, 2025. Photo - REUTERS/Amanda Perobelli

Top Stories

  • Supporters gather in Sao Paulo to back Bolsonaro as he faces trial (reuters.com)

  • US warns EU against excluding American companies from € 150 billion defense initiative which can supply Ukraine with weapons (euromaidanpress.com)

  • Bill Ackman warns Trump to call a time-out on trade war: ‘This is not what we voted for’ (thehill.com)

  • Republican Warns Tariffs Spurred 'Worst Depression We've Ever Had' (www.newsweek.com)

  • Social Security warning issued by Bernie Sanders over Trump budget bill (www.newsweek.com)

  • Dow futures sink 1,500 points as stock market rout continues on Trump trade war (fortune.com)

United States

  • Dow futures tumble more than 1,500 points as the massive market selloff continues (www.cnn.com)

  • Trump tariffs based on error, conservative think tank says (www.axios.com)

  • Bill Ackman warns Trump to call a time-out on trade war: ‘This is not what we voted for’ (thehill.com)

  • Senator floats using violence against journalists who report 'fake news' (www.nbcnews.com)

  • Judge to Trump: Yes, You Really Do Have to Undo ‘Lawless’ Deportation to El Salvador (www.rollingstone.com)

  • Republican Warns Tariffs Spurred 'Worst Depression We've Ever Had' (www.newsweek.com)

Africa

  • US revokes all South Sudan visas over failure to repatriate citizens (reuters.com)

  • Heavy rains flood Congo’s capital, killing at least 22 people (apnews.com)

  • Moroccans protest Israel’s offensive in Gaza and take aim at Trump (thehill.com)

Middle East

  • Iran Rejects Trump Call For Direct Talks Over Nuclear Program (www.rferl.org)

  • Syria’s missing detainees. “We did not expect so few had survived.” Between 130,000 and 200,000 Syrians are estimated to be missing. What happened to these people? (qantara.de)

  • Syria's president to visit Turkey and UAE next week (www.reuters.com)

Indo-Pacific

  • State claims 50% of Waqf land is encroached, starts mapping properties (www.hindustantimes.com)

  • Fugitive businessman Mehul Choksi living in Belgium, plans to move to Switzerland for treatment: Report (www.hindustantimes.com)

  • Mumbai Cyber Scam: City cops recover record 11cr | Mumbai News - The Times of India (timesofindia.indiatimes.com)

  • Asian markets plunge with Japan’s Nikkei diving nearly 8% after the big meltdown on Wall St (apnews.com)

  • Campus suicides: IIT-Delhi panel flags toxic competition, caste bias, burnout (indianexpress.com)

  • Kerala Police’s ‘Operation D-Hunt’ leads to 8,931 arrests, major drug seizures across State (www.thehindu.com)

Europe

  • The Netherlands will permanently transfer 18 F-16 fighter jets to Romania (www.antena3.ro)

  • Le Pen’s ‘Save Democracy’ rally after guilty verdict falls short of expectations (www.politico.com)

  • Airbus, Leonardo and Thales to create a European space alliance “within a few months” to build an alternative to SpaceX’s Starlink, says Leonardo’s CEO. (aresdifesa.it)

  • Zelenskyy slams US response as ‘unacceptably weak’ after deadly Russian missile strike (www.aa.com.tr)

  • Rheinmetall Aims to Make Engines For 2,000-km Missiles and Launch a Satellite Plant (en.defence-ua.com)

  • Why Germans put up with snail-speed internet (english.elpais.com)

  • Poland is defending Europe from Russia’s hybrid war (neweasterneurope.eu)

Latin America

  • Colombian rebel group steps towards peace, hands over war material (reuters.com)

  • Argentina’s Milei doubles down on Trump bromance as the world reels from trade shock (apnews.com)

  • Supporters gather in Sao Paulo to back Bolsonaro as he faces trial (reuters.com)

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