Trump’s tariffs cause stocks to plummet as Canada and Mexico levies to take effect on Tuesday: Live updates

Trump administration officials, describing their sudden decision to halt U.S. military aid to Ukraine, have described the move as a short-term “pause,” meant to determined if Zelensky remains “committed” to an acceptable peace deal with Russia.

But the cracks in the U.S.-Ukraine alliance have been showing for some time now.

Growing voices on the right flank of the GOP have long taken issue with the war, and Trump himself took in recent days to calling Zelensky a dictator and falsely accusing him of starting the war.

His administration also negotiated directly with Russian officials in Saudi Arabia, without including Ukraine.

Here’s more on Trump and Zelensky’s long, tortured relationship.

Chip giant Taiwan Semiconductor Manufacturing Co. plans to invest a $100 billion in the United States, President Donald Trump announced Monday as he appeared with the company’s head at the White House.

TSMC, the world’s biggest semiconductor manufacturer, produces chips for companies including Apple, Intel and Nvidia. The company had already announced plans to invest more than $65 billion in the U.S., including three plants in Arizona after the Biden administration offered billions in subsidies. Its first factory in Arizona has started mass production of its 4-nanometer chips.

Trump and TSMC’s chief executive officer C. C. Wei said the $100 billion is on top of the $65 billion that was already announced.

The decision, reported by Bloomberg News, comes after a meeting between Trump and Ukrainian president Volodymyr Zelensky at the White House on Friday descended into chaos, the latest in a larger fraying of the U.S.-Ukraine alliance.

We’ll be following all the latest details.

“To the Great Farmers of the United States: Get ready to start making a lot of agricultural product to be sold INSIDE of the United States. Tariffs will go on external product on April 2nd. Have fun!” the president wrote on Truth Social on Monday.

However, he did not specify what products would be subject to the tariffs or if there would be any exceptions.

Mike Bedigan has the story.

First Lady Melania Trump was surprised and frustrated that Democratic lawmakers ignored a roundtable meeting on Capitol Hill on Monday discussing a bill making its way through Congress that would criminalize the sharing of intimate photos online without the subject’s consent.

The bill, called the “Take It Down Act,” would criminalize the sharing of intimate photos on the internet without the subject’s consent, which is colloquially known as “revenge porn.”

State legislators are looking at ways to bolster protections for their consumers after Donald Trump vowed to close down the federal watchdog and impose exorbitant tariffs on foreign trade partners.

Officials in states including Massachusetts and Illinois are among those warning that the shuttering of the Consumer Financial Protection Bureau will have dire effects on vulnerable consumers, including veterans and the elderly.

At a forum earlier this week, Massachusetts Attorney General Andrea Joy Campbell called the weakening of the bureau “a national emergency” and said that some states were “stepping away wholeheartedly” from work on protecting their own consumers.

Illinois state Senator Mark Walker was already working on legislation to help consumers but said that in the wake of Trump’s moves against the CFPB, “the urgency is much higher now.

Defense Secretary Pete Hegseth has, for the second time, ordered a reversal of a U.S. military base name change, saying that Fort Moore in Georgia should revert back to being called Fort Benning.

The move reflects an ongoing effort by the Pentagon to overturn the Biden administration’s 2023 decision to remove names that honored Confederate leaders, including for nine Army bases. But the drive to revert to the former names means that officials need to find service members with the same name as the Confederate leaders.

Previously, Fort Benning was named for Brig. Gen. Henry L. Benning , a Confederate officer during the American Civil War who stridently opposed the abolition of slavery.

Now, Hegseth said, Fort Benning will be named in honor of Cpl. Fred G. Benning, a Distinguished Service Cross recipient, who served in France during World War I.

“To my colleagues at HHS, I wish you the best and great success,” Corry wrote.

Ariana Baio and Mike Bedigan report.