The Hill's 12:30 Report: Trump rattles markets with Mexico tariffs

The Hill's 12:30 Report: Trump rattles markets with Mexico tariffs
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--> A midday take on what's happening in politics and how to have a sense of humor about it.*

*Ha. Haha. Hahah. Sniff. Haha. Sniff. Ha--breaks down crying hysterically.


The Hill's 12:30 Report: Markets drop after new Trump tariffs on Mexico | What it could mean for consumers | Trump approval rating hits two-year high | Why Trump's anger at Mueller is real | New DNC debate rules rattle campaigns | Inside the Democrats' plan to beat Trump | Spelling Bee ends in eight-way tie | Sinema qualifies for Boston Marathon | National Macaroon Day



But what about guacamole and avocado toast?:

President TrumpDonald John TrumpDeWine tests negative for coronavirus a second time Several GOP lawmakers express concern over Trump executive orders Beirut aftermath poses test for US aid to frustrating ally MORE announced new tariffs on Mexico last night to pressure the country to stop the flow of migrants from Central America.

Details on the tariffs: The 5 percent tariff will be imposed on June 10 and will increase by 5 percent every month until it reaches 25 percent.

Trump's Twitter announcement last night: "On June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into our Country, STOP. The Tariff will gradually increase until the Illegal Immigration problem is remedied."

Trump added this morning: "90% of the Drugs coming into the United States come through Mexico & our Southern Border. 80,000 people died last year, 1,000,000 people ruined. This has gone on for many years & nothing has been done about it. We have a 100 Billion Dollar Trade Deficit with Mexico. It's time!"



Via NBC's Julia Ainsley and Jay Blackman, a record number 1,036 migrants were apprehended near El Paso, Texas, on Wednesday for illegally crossing the border. Why this number is notable: The previous record of migrants apprehended was 424, which was set last month.



Specifically, think avocados, beer and cars:



Stocks opened with heavy losses this morning. Details: "The Dow Jones Industrial Average fell 249 points on Friday's opening bell, a 1 percent loss that dragged the index under the 25,000-point threshold first crossed in January 2018. The S&P 500 fell 30 points for a 1.1 percent loss, while the Nasdaq composite sank 90 points for a 1.19 percent loss."


Happy Friday! Today is the last day of May. Wow, that month flew by. I'm Cate Martel with a quick recap of the morning and what's coming up. Send comments, story ideas and events for our radar to -- and follow along on Twitter @CateMartel and Facebook.

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I imagine the president waking up in a cold sweat murmuring 'Mueller!!':
Via The Hill's Niall Stanage, "President Trump isn't trying to goad Democrats into impeachment, after all -- he is genuinely angry at the prospect. That's the main conclusion to be drawn from Trump's furious reaction to the first public comments from former special counsel Robert MuellerRobert (Bob) MuellerCNN's Toobin warns McCabe is in 'perilous condition' with emboldened Trump CNN anchor rips Trump over Stone while evoking Clinton-Lynch tarmac meeting The Hill's 12:30 Report: New Hampshire fallout MORE on his report into allegations of Russian collusion."

How Trump has reacted: "Trump reacted in strident terms, even by his standards, calling impeachment 'a dirty, filthy, disgusting word' in brief remarks to reporters on Thursday morning. He has also renewed his attacks on Mueller -- 'highly conflicted Robert Mueller,' he called him on Twitter -- as well as insisting 'case closed.'"


New poll -- Trump's two-year approval rating high: 

Via The Hill's Jonathan Easley, "President Trump's job approval rating is the highest it's been in two years, boosted by voter optimism about the economy, according to the latest Harvard CAPS/Harris Poll."

The numbers: "The survey found that 48 percent approve of the job Trump is doing, compared to 52 percent who said they disapprove. That's up from 45 percent approval in March. The last time the president's job approval rating reached 48 percent in the Harvard CAPS/Harris Poll was in June of 2017. Trump appears to be getting a lift from the economy, with a record 62 percent approving of his approach to employment and 59 percent approving of his handling of the economy."



Calling all campaign donors, small or large -- really, they're not picky:

Via The New York Times's Shane Goldmacher and Lisa Lerer, roughly two-thirds of Democratic presidential candidates may not reach the threshold to qualify for the third primary debate in September, and the announcement "immediately sent shock waves through presidential campaigns worried that it would distort their priorities and affect the way they operate."

Keep in mind -- this benefits sites like Facebook: "Campaign after campaign said the party's donor requirements are skewing the way they allocate resources, forcing them to choose between investing in staff or pouring more money into ads on sites like Facebook, where prices are soaring to dizzying new heights. Two campaigns said digital vendors are currently quoting them prices of $40 and up to acquire a new $1 donor."



The threshold to qualify for the first debate: One percent in three polls OR 65,000 donors, including 200 donors from 20 different states.

The new threshold to qualify for the third debate: Two percent in four polls AND 130,000 donors, including 400 donors from 20 different states.





Interesting read -- inside the DNC's plan to defeat Trump:

In an interview with The Hill's Jonathan Easley, Democratic National Committee Chair Tom PerezThomas Edward PerezClinton’s top five vice presidential picks Government social programs: Triumph of hope over evidence Labor’s 'wasteful spending and mismanagement” at Workers’ Comp MORE detailed his party's twofold strategy to win the presidency: "To ensure that primary voters have confidence in the nominating process and to hand the eventual nominee the resources and infrastructure he or she will need to defeat Trump from the moment that person walks off the stage from the convention in Milwaukee." How the DNC plans to do that:






Yeah, there's no way these are real words

The Scripps National Spelling Bee ended in an eight-way tie last night after the moderators started running out of challenging words. 

From the competition's pronouncer: "We do have plenty of words remaining in our list, but we'll soon run out of words that will challenge you. ... We're throwing the dictionary at you. And so far, you are showing this dictionary who is boss."






The House and Senate are out.

President Trump and Vice President Pence are in Washington, D.C.

11:30 a.m. EDT: President Trump received an intelligence briefing.

5:30 p.m. EDT: President TrumpVice President Pence, first lady Melania TrumpMelania TrumpThe Hill's Morning Report - Presented by Facebook - Senate GOP, House Democrats begin battle over trillion bill Melania Trump announces plans to renovate White House Rose Garden Trump tweets photo of himself wearing a mask MORE and Karen PenceKaren Sue PenceBiden pays his respects to John Lewis at the Capitol Trump will not visit Capitol to pay respects to civil rights icon John Lewis The Hill's 12:30 Report - Presented by Facebook - High-ranking White House official tests positive MORE attend a reception for Gold Star families.



This morning: The last episode of "The Bill Press Show" aired. It was pretty entertaining. Watch:

7 p.m. EDE June 3: South Bend, Ind., Mayor Pete ButtigiegPete ButtigiegCNN's Ana Navarro to host Biden roundtable on making 'Trump a one-term president' Former Indiana Gov. Joe Kernan dies How Republicans can embrace environmentalism and win MORE (D), who is running for president, participates in an MSNBC town hall with Chris Matthews.



Today is National Macaroon Day.


Wow, this is a cool (albeit dangerous) engagement photo:

A storm chaser proposed to his boyfriend as a tornado in Kansas during a tornado. Photo:



Via Runner's World, Sen. Kyrsten Sinema (D-Ariz.) qualified for the 2020 Boston Marathon. Her qualifying time: "Last weekend, Sinema, 42, finished the Mountains 2 Beach Marathon in Ventura, California, in 3:28:17." 


And to get your weekend off to the right start, here's a puppy and a baby scheming to break and enter: