The Evening: Tariffs Hit Hard, EU Ready to Retaliate, The Music Never Stopped, and More Email not displaying correctly?
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Good Evening,

It's Thursday, April 3rd.

Tariffs Hit Markets Hard

U.S. markets slid Thursday in their steepest decline in more than two years, as investors grappled with the threat that President Trump’s new tariff plan will trigger global retaliation and hurt economic growth, as the WSJ reports.

EU ready to retaliate

The EU has given itself a four-week window to convince Donald Trump to drop his 20 per cent tariffs on the bloc, with retaliation ruled out before late April, as the FT reports.

Israel Hits Syria With New Strikes and Ground Raid

Syria accused Israel on Thursday of trying to destabilize the country after intense airstrikes on military bases and a deadly raid in southern Syria, as the NYT reports.​​​​​​

Executive Education

From clean energy to national security, critical minerals are at the center of global competition. Building Critical Mineral Security for a Sustainable Future provides expert insights into supply chain resilience and sustainability. Join us in person or virtually—register by April 16

Audio Briefs

CSIS now offers audio versions of our latest analysis. Listen to the latest Commentary by CSIS's Barath Harithas, Evan Brown, and Catharine Mouradian with Kyle Meng, "'Liberation Day' Tariffs Explained"

In That Number

2 percent

The euro rallied more than 2% against the dollar on Thursday and was set for its best day in more than nine years as investors shunned the greenback after President Donald Trump announced harsher-than-expected tariffs on U.S. trading partners.
Source: Reuters

Critical Quote

“The global economy will massively suffer.”

—Ursula von der Leyen, president of the European Commission

iDeas Lab

CSIS Satellite Imagery
The DRC is home to some of the world’s richest copper deposits, with ore grades surpassing 2.5 percent—more than 4 times the global average and 11 times that of the largest operating copper mine in the United States, Morenci. New CSIS research explores how to build critical minerals cooperation between the United States and the Democratic Republic of the Congo.

The Andreas C. Dracopoulos iDeas Lab at CSIS enhances our research with the latest in cutting-edge web technologies, design, and multimedia.

Optics

CSIS
(Photo credit: Vyacheslav Oseledko/AFP/Getty Images.) European Commission President Ursula von der Leyen holds a press conference in Samarkand on April 3, 2025, ahead of the EU-Central Asia summit.

Recommended Reading

“Liberation Day” Tariffs Explained” by CSIS's Barath Harithas, Evan Brown, and Catharine Mouradian, with Kyle Meng.

This Town Tomorrow

At 2:00 p.m., the CSIS Korea Chair hosts the Impossible State Live podcast for a special discussion on the final act of the South Korean political crisis trilogy.

Earlier, at 10:00 a.m., the Hudson Institute hosts a panel discussion examining the potential scenarios for Mexico and the future of the U.S.-Mexico relationship.

Then, at 2:00 p.m., the Atlantic Council welcomes Secretary Chuck Hagel and Retired Admiral John Kirby to discuss the role of U.S. leadership in a changing world.

Video

The CSIS Congressional Affairs team recently led its fourth bipartisan delegation of congressional staffers to Ukraine. During the visit, participants had the opportunity to engage with both Ukrainian and U.S, government, business, and civil society leaders, observe the impact of U.S. aid on the war, and hear firsthand from civilians about life three years into the conflict. Watch the full video here.

Podcasts


CSIS’s Catherine Nzuki is joined by Naa Laryea, a software engineer living in Accra, to discuss how Accra’s housing crisis is forcing young people to delay the traditional milestones of adulthood.

Listen on Spotify & Apple Podcasts.

Smiles

If you follow trends in the music business, today’s artists are all about releasing as much music as possible, as quickly as possible, and in as many formats that will support the tunes. Strategic floods of content rule the day in our attention economy. And the production quality isn’t nearly as important as it was even five years ago. Today it’s about establishing an organic genuineness surrounding the content. Successful artists are betting that their audience will connect with them if they show pieces of their “real” selves recording in their natural environment.
 
Of course, this approach isn’t exactly new. The Grateful Dead have been doing forms of this for 60 years. Currently, they’re previewing a massive 60th anniversary collection called “The Music Never Stopped.” And, just hours ago, the Dead posted the title track from that collection, which is set for release in late May. Listen with the volume up and you will hear why Deadheads are excited about the 60th anniversary set—which is of course what today’s artists strive to achieve. All they have to do is study the Grateful Dead roadmap and they’ll be just fine.
I invite you to email me at [email protected] and follow me on Twitter @handrewschwartz
The Evening is my daily guide to key insights CSIS brings to the events of the day. It is composed by Lauren Adler, Ava Rose, and the External Relations team. 

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