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The Latest Breaking News from Deficit

Trump's Longtime Obsession With Trade Deficits Suggests His Tariffs Won't End Soon

Although the president's pride in his negotiation skills could save us, it is hard to see what sort of deal would address his grievance about the consequences of economic freedom.

Reason

Disparate Impact Theory Rejected for DEI, but Embraced for Tariffs

Tariffs #1: Administration assumes that Trade Deficits are "the sum of all cheating."

Reason

Fact check: Trump’s misleading tariff chart - Roll Call

Economists say Trump's 'reciprocal' tariffs appear to be 'some other made-up measure based on a formulaic trade deficit calculation.'

Roll Call

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No, that’s not what a trade deficit means – and that’s not how you calculate other nations’ tariffs

On April 2, United States President Donald Trump unveiled a sweeping new “reciprocal tariff” regime he says will level the playing field in global trade – by treating other countries the way (he claims) they treat the US.

The Conversation

Trump Accused of Using ChatGPT to Create Tariff Plan After AI Leads Users to Same Formula: 'So AI is Running the Country'

The Trump administration has been accused of using ChatGPT to calculate the tariffs it presented to the world on Wednesday.

International Business Times

Trump’s tariff numbers appear to have been calculated through a simple math formula, which works with every single country on the list

The calculations used by the White House don’t include a detailed assessment of each foreign country's trade practices.

Fortune

Trump tariff math is "bananas"

Trump admin "computed reciprocal tariffs without using tariff data," ex-Treasury Secretary says

Salon

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Fact check: Are Donald Trump's tariffs on the EU really reciprocal?

Economists tell Euronews Trump's rates are not in any way based on the tariffs imposed by the US' trading partners and therefore cannot be considered an equal measure.

Euronews

The simple math behind Trump’s tariffs: How the White House calculated the new rates and why it’s not reciprocal at all

With the help of a large chart, the president unveiled his latest wave of tariffs on Wednesday, on what he called ‘Liberation Day’

The Independent UK

Union to ballot workers at beleaguered Dundee University on strike action

The university has been struggling with a £35 million deficit.

The Independent UK

Liberation Day

Plus: JAQ x Batya Ungar-Sargon, Amazon's bid to purchase TikTok, and more...

Reason

French government set to lower growth target as Trump tariffs loom

The state’s revised forecast will be in line with predictions from the Bank of France, according to work minister Astrid Panosyan-Bouvet.

Euronews

‘Liberation day’: what are tariffs and why do they matter?

Donald Trump’s widescale import levies have spooked governments, investors and analysts alike. Here’s why

The Guardian - UK

WHO Facing $2.5-bn Gap Even After Slashing Budget: Report

The World Health Organization is facing a gaping deficit this year and through 2027 following the US decision to withdraw, even after dramatically slashing its budget, a media report indicated Wednesday.

International Business Times

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Al Jazeera

Where are the highest, lowest tariffs? Trump’s reciprocal tariffs explained

The US has some of the lowest tariffs in the world. Trump wants to reverse that with reciprocal tariffs on April 2.

The Independent UK

With the box office down, James Gunn predicts summer of 'Superman' to the rescue

The 2025 box office has been hit with a deficit

Evening Standard

Real Madrid 4-4 Real Sociedad (agg 5-4): Los Blancos overturn two-goal deficit to reach Copa del Rey final

Real Madrid, will play either Barcelona or Atletico Madrid in next month’s Copa del Rey final in Seville next month

Radio France Internationale

Dembélé bags a brace as PSG overpower Dunkerque to reach Coupe de France final

France international Ousmane Dembélé scored twice as Paris Saint-Germain overturned a two-goal deficit on Tuesday night to beat Dunkerque 4-2 to advance to the final of the Coupe de France.

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The Guardian - UK

Scores of English councils could go bankrupt when hidden Send debt reappears

Deficits of £5.2bn have been put aside for seven years in accounting fix that ends on 31 March 2026

The Guardian - UK

Nearly 20 councils in England ‘at risk of insolvency’ due to Send costs

Exclusive: Councils say multibillion-pound debts caused by years of overspends on special educational needs support

The Conversation

Trump’s tariffs could push grocery prices even higher, but there are steps Canada could take to protect consumers

The first months of Donald Trump’s presidency have been defined by a single word: tariffs. He has framed tariffs as a panacea to the woes of the American economy, promising they will restore the country’s manufacturing sector and reduce the national deficit.

Bored Panda

26 Relatable, Silly, And A Little Unhinged Illustrations Of Cows, Created By This Artist

If your life feels empty, maybe you’re just experiencing a deficit of cows! Worry no more as One Cow A Day is here to fix that with hilarious illustrations guaranteed to cheer you up. The post 26 Relatable, Silly, And A Little Unhinged Illustrations Of Cows, Created By This Artist…

International Business Times

Chelsea To Face Barcelona In Women's Champions League Semis After Man City Fightback

Chelsea's women overturned a two-goal first leg deficit to beat Manchester City 3-0 and set up a Champions League semi-final meeting with holders Barcelona on Thursday.

The Guardian - UK

Sonia Bompastor marvels at Chelsea’s mental strength on ‘perfect night’

The manager was ‘proud’ Chelsea overcame a two-goal deficit against Manchester City to reach the Women’s Champions League semi-final

Euronews

French deficit came in lower than expected in 2024 but risks remain

The public deficit was 5.8% of GDP in 2024 instead of the expected 6%, yet the Minister of the Economy said it was "not good news".

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