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Top stories today:
- Trump’s tariff plans still in limbo ahead of 4 PM Rose Garden event
- Trump to review preliminary TikTok deal as Apr. 5 deadline approaches
- Circle files for IPO as public markets open to crypto
- Replit said to be in talks for $3B valuation through ~$200M round
- ChatGPT’s paid subscribers +29% in 3 months
0. Data and calendar
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Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. Trump’s tariff plans still in limbo ahead of 4 PM Rose Garden event
Reciprocal tariffs by Trump could raise rates to ~35%, the highest since 1800s:
White House has reportedly not finalized the tariff plan.
Flat-rate tariffs and a customizable reciprocal system are among the proposals.
A flat 20% global tariff could also be in consideration.
The tariffs would be a cap: Treasury Secy. Scott Bessent.
U.S. import reliance has 3x’d since the 1930s
China, Europe, and India could face the biggest impact of the reciprocal tariffs
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3. Trump to review preliminary TikTok deal on Wed. as Apr. 5 deadline approaches
