• Washington
  • Wall Street
  • A.I.
  • Hollywood
  • Media
  • Fashion
  • Sports
  • Art
  • Join Puck Newsletters What is puck? Authors Podcasts Gift Puck Careers Events
  • Join Puck

    Directly Supporting Authors

    A new economic model in which writers are also partners in the business.

    Personalized Subscriptions

    Customize your settings to receive the newsletters you want from the authors you follow.

    Stay in the Know

    Connect directly with Puck talent through email and exclusive events.

  • What is puck? Newsletters Authors Podcasts Events Gift Puck Careers
Apr 02, 2025
The Best & The Brightest
Bayer
Leigh Ann Caldwell Leigh Ann Caldwell
Hello and welcome back to The Best & The Brightest, Liberation Day edition. I’m Leigh Ann Caldwell, writing to you shortly after Donald Trump’s Rose Garden speech announcing his minimum 10 percent global tariff, plus higher, “reciprocal” import taxes on ne’er-do-well countries like Liechtenstein (37 percent), Vietnam (46 percent), and Lesotho (50 percent!). The full list is being rolled out on the president’s Truth Social page. Trump believes his new suite of tariffs will mark a great day for the American economy. Most economists, corporate C.E.O.s, and even Republicans in Washington beg to differ. There’s a lot of finger-crossing and hoping that everything will turn out okay, which is the subject of today’s column. But first, some notes on Johnson’s proxy voting debacle, and John Heilemann on Elon’s bad night in Wisconsin…
  • Johnson’s parental crisis: Speaker Mike Johnson has faced many challenges with his razor-slim Republican majority, but few expected that a rank-and-file novice could cause so much damage. For those who haven’t been following this drama, Johnson tried to use his political muscle to defeat an effort by Rep. Anna Paulina Luna, a conservative Florida Republican, who wants new parents to be able to vote remotely for the first 12 weeks after the birth of their kid. Over the past several days, Johnson urged Republicans to defeat Luna’s measure; told them that proxy voting is unconstitutional (a position many Republicans disagree with); said it would diminish the institution of the House (a position many do agree with); and even tried to change the rules of the House to defeat it. Still, Luna and eight Republicans defied Johnson, bringing floor activity to a halt until next week.Johnson isn’t planning to back down, according to three people familiar with the latest discussions. Siding with the hard-line Freedom Caucus, the group most likely to threaten his speakership, he’ll likely force the same vote over and over again until he defeats Luna’s effort, delaying the party’s actual agenda.Of course, this episode is yet another sign of Johnson’s struggle to keep his conference together when Trump doesn’t weigh in. Many members are on Johnson’s side, and believe that proxy voting for new moms is a slippery slope. But plenty of Republicans are mystified that Johnson is taking such a defiant stand here, especially when Luna’s bill could have been an easy way to help change the perception that anti-abortion Republicans do little to help families. As one Republican member told me today, Johnson built up 19 months of wins and threw it all away in one day.
A MESSAGE FROM OUR SPONSOR
Bayer
Bayer
In America, farming isn't just a profession; it's a purpose. With 880 million acres of farmland and more than 2 million people dedicated to producing our food in America, farmers are the backbone of our economy. In communities nationwide, Bayer employees work alongside farmers to bring cutting-edge innovations in breeding, crop protection, and technology to their fields. American farmers trust our tools because we have a purpose, too: helping farmers thrive. Learn more at Go.Bayer.com/Purpose.
Now, here’s Heilemann on Elon’s faceplant in Wisconsin…
John Heilemann John Heilemann
 

Elon Crash Lands in Wisconsin

As far as most casual observers are concerned, Elon Musk jumped into the national political arena—and when I say jumped, I mean jumped, baring a blinding expanse of alabaster-white belly—almost exactly six months ago, in Butler, Pennsylvania, when he made his first appearance at a Donald Trump rally. Six months later, this past Sunday night, Musk was at it again: hopping, skipping, and flapping his arms at a campaign event in Green Bay. Only this time, Trump was nowhere to be seen; nor was Brad Schimel, the Wisconsin Supreme Court candidate Musk was ostensibly there to stump for. In fact, in the two hours Musk spent onstage, which began with him donning a foam Packers cheesehead hat, he barely mentioned Schimel, instead holding forth about Social Security fraud, global birth rates, and A.I. Among political professionals in both parties, the Musk event cemented a consensus about the state of play in the Badger State on election eve: that, on top of Musk’s odd habit of jumping up and down, this might be the moment, as one Republican strategist put it, “when Elon jumps the shark.” By the time voting started on Tuesday morning, the conventional wisdom had firmly set in that Schimel was all but certain to lose to his opponent, Susan Crawford, by somewhere between 2 and 5 points. In fact, the White House political shop had reached this conclusion a week earlier, which helps explain why Trump ignored the pleas of senior Wisconsin Republicans, including former Governor Scott Walker, that he fly in and campaign for Schimel. Yet no one in Trumpworld or the G.O.P. writ large expected that the race would be called so early, that the margin would ultimately stretch to double digits (55-45), or that the repudiation of Musk would be so total and unequivocal. “It’s no secret that Elon has liabilities, but I don’t think we appreciated how serious they are,” a Republican consultant who works closely with the White House told me. “We knew we were going to get beat; we didn’t know we were going to get stomped.”

“The April 1 Massacre”

In their public statements after the race was called, Democrats struck a tone that hovered tentatively between triumphal and relieved. “In a moment of national darkness, Wisconsin voters lit a candle,” said state Democratic Party chair Ben Wikler. “Let the lesson of Wisconsin’s election ring out across the country: Hope is not lost, democracy can yet survive, and the voice of the American people will not be silenced.” But what also came through was that Wikler and his people were far less surprised by what went down than their Republican counterparts were. Wikler, one of the savviest and most dialed-in political mechanics in the party, was a key author of a strategy centered on essentially ignoring Trump (no mean feat) and focusing exclusively on Musk, whose ever-escalating spending on the race made the rallying cry that Democrats embraced more resonant by the day: “Wisconsin is not for sale!” By the end, Wikler et al. could see signs in their data that a wave was building, though its scale and sweep were less clear. Yet even the most bullish among them were stunned by their success at driving turnout through the roof—to roughly 2.4 million voters, a staggering number for an off-year race and just a couple hundred thousand shy of the norm in Wisconsin for a midterm election. You might think Republicans would be furiously spinning the notion that their twin special election victories in Florida’s 1st and 6th congressional districts (to fill the seats previously held by Matt Gaetz and Mike Waltz, respectively) balanced out the loss in Wisconsin. But their efforts in that vein have been perfunctory, and it’s not hard to see why. Sure, with a vanishingly small House majority, holding on to those seats was imperative. And yes, from Trump’s P.O.V., it’s surely pleasing that the two replacements, Jimmy Patronis and Randy Fine, will be as slavishly loyal to him as Gaetz and Waltz. (“My constituents … want me to go up and be a warrior for President Trump, and that’s what I intend to do,” Fine proclaimed the other day.) But any half-sane and modestly numerate Republican understands that the Florida results offer cold comfort. Just a few months ago, after all, Trump carried FL-01 by 37 points and FL-06 by 30, but Patronis won by just 15 and Fine by 14, meaning that the G.O.P.’s strength in both districts has been cut in half. And as Hakeem Jeffries told anyone in earshot last night, there are 55 House Republicans in districts Trump claimed by less than 15 points—reason for the members in those places to have a creeping case of the heebie-jeebies about the G.O.P.’s rapid political erosion since last fall. Continue reading online…
And finally, the main event…
The Post-Liberation Day Hangover…

The Post-Liberation Day Hangover…

As Trump’s tariff Mardi Gras comes to a close, Republicans are scratching their heads over their options, the Senate is looking to have Canada’s back, and the White House insists they’re not screwing around. What could possibly go wrong?
Leigh Ann Caldwell Leigh Ann Caldwell
About 24 hours before Donald Trump was set to announce his sweeping global tariffs, Treasury Secretary Scott Bessent met with a group of House Republicans for a get-to-know-you session. Alas, the new levies, the cornerstone of the president’s economic vision, were the last thing he wanted to talk about. At one point during the Tuesday conversation, which was moderated by Rep. Lisa McClain, Bessent got three questions, including one about tariffs. He answered the other two. When McClain reminded him about the third, he chuckled, and said he thought he’d gotten out of answering it, per one member who attended the event.
A MESSAGE FROM OUR SPONSOR
Bayer
Bayer
The heartbeat of American agriculture can be heard at every farmer's market and dinner table, spanning 880 million acres, supported by over 2 million people, and contributing $1.5 trillion to our economy. Thousands of Bayer employees work alongside American farmers, providing access to innovations and support to implement them effectively. Bayer's advanced breeding, crop protection, and digital technology tools are reshaping the future of farming, and we're invested in every field, acre, and harvest. We share the same purpose as American farmers: helping agriculture thrive so we can bring high-quality, abundant, and diverse food to millions. Learn more at Go.Bayer.com/Purpose.
In many ways, the lead-up to Trump’s Rose Garden tariff rollout, which the president had hyped for weeks as “Liberation Day,” felt like a throwback to his first administration, defined by last-minute scrambling and uncertainty. For weeks, Republicans lived in angst-filled anticipation over how expansive and steep the tariffs would be, their anxiety exacerbated by the lack of insight received in advance—beyond ominous rumors about the anticipated “shock and awe” of it all. When I asked House Speaker Mike Johnson this week whether Trump should actually go through with the tariffs, he never gave a definitive “yes,” but said that he “trusts the president’s instincts on the economy.” After a beat he added, “We’ll see how it all develops.” The information vacuum left Republican lawmakers with few solid talking points, even as Democrats hammered them on potential price hikes for farmers, small business, manufacturers, and consumers. Also complicating their strategic calculus: Few wanted to go out on a limb to criticize the president when he might have been bluffing with trading partners or might modulate his plans at any moment. On Monday, a White House aide told Senate staffers that they would receive a briefing ahead of Trump’s announcement, I’m told. But the briefing never happened. Indeed, Republican leaders in both chambers received no details about Liberation Day until shortly before the event began. Bessent met with Senate Republicans earlier on Wednesday to talk about the budget and spending, but provided only a brief and broad overview of Trump’s tariff plans. Trump did finally reveal specific tariff numbers in his freewheeling Rose Garden speech, as promised, including an immediate 10 percent levy on all imported goods globally, plus higher “reciprocal” tariffs on nearly 50 of what he called “the worst offenders”—or countries that have imposed their own barriers on U.S. trade. These are on top of a 25 percent tariff on Canadian goods, a 20 percent tariff on products from China, and 25 percent automobile tariffs, set to start tomorrow.

Not a Negotiation…

Republicans now have some clarity, but tariffs could become the first point of real tension between Trump and his party. Yes, yes, Republicans are ostensibly fully supportive of the president wielding tariffs as a threat to coerce countries to comply with his economic and policy demands. The party of free trade, after all, has mostly come around to Trump’s view that temporary reciprocal tariffs are a necessary corrective—“a positive development,” as Senator John Cornyn put it, to create trade equity. But temporary is the key word. “If we get in a trade war, that’s when we have trouble,” one House Republican said. Many worry that Trump’s pro-tariff trade advisor, Peter Navarro, who has the most influence over Trump on the issue, is operating without any pushback in the White House. On Sunday, Navarro said tariffs would raise $6 trillion in revenue over the next decade. The Wall Street Journal editorial board argued that this figure would be equivalent to a $600 billion-a-year tax increase on Americans.
Bayer
Bayer
From the Rose Garden, Trump implied that the new tariffs might be a tool to get other countries to drop their own trade restrictions on the United States. But some Republican members have suggested that if the tariffs are made permanent, and either voters or the stock market rebels, they’ll take action against them. (I’ll believe it when I see it.) When I asked one Republican House member whether Speaker Johnson, whose success depends on Trump, would ever put forward a vote that overturns Trump’s tariffs, the member said that anything was possible. But the reality is that Republican leadership undercut that possibility earlier this year after they slipped a measure into a procedural rule that would prohibit a snap vote to overturn them. The Senate, meanwhile, passed a bipartisan bill today that would undo the 25 percent tariff Trump imposed on Canada by ending the national emergency Trump declared to justify it. Maine’s Susan Collins—whose state’s economy is intertwined with neighboring Canada, and has expressed her concerns to Vice President J.D. Vance—announced her support for the bill today, saying on the floor that the tariffs were “detrimental” to Maine’s families and businesses. Kentucky’s Mitch McConnell backed it, too—fellow Kentuckian Rand Paul was a co-sponsor—as did Alaska’s Lisa Murkowski. In a middle-of-the-night social media post, Trump assailed the bill’s likely Republican supporters as “playing with the lives of the American people, and right into the hands of the Radical Left Democrats and Drug Cartels.” Democrats, for their part, have seized on “Liberation Day” as an opportunity to attack, with the party already in a buoyant mood after tightening the margins in special congressional elections in two extremely red Florida districts yesterday, and winning a Wisconsin Supreme Court race. Party members have condemned the tariffs for their potential negative economic impacts, pointing to studies saying they will cost families around $5,000 per year—just as Republicans are making incremental progress to extend Trump’s 2017 tax cuts. Prior to Trump’s announcement, Senate Democratic Leader Chuck Schumer blasted what he called Trump’s “absurd, crazy chaotic trade war” at a press conference, flanked by a map purporting to show economic losses across the country. His Republican colleagues, he said, “don’t like the tariffs either.”
The Powers That Be
The Powers That Be
Join Emmy Award-winning journalist Peter Hamby, along with the team of expert journalists at Puck, as they let you in on the real conversations insiders are having across the four corners of power in America: Wall Street, Washington, Silicon Valley and Hollywood. Puck’s contributors will bring you smart conversation around the inside stories happening in these worlds. Presented in partnership with Audacy, new episodes publish daily, Monday-Friday.
Dry Powder
Dry Powder
Unique and privileged insight into the private conversation going on inside Wall Street, as told by the best-selling journalist and former M&A banker.
Puck
Facebook Twitter Instagram LinkedIn
Need help? Review our FAQ page or contact us for assistance. For brand partnerships, email ads@puck.news. You received this email because you signed up to receive emails from Puck, or as part of your Puck account associated with . To stop receiving this newsletter and/or manage all your email preferences, click here.
 
Puck is published by Heat Media LLC. 107 Greenwich St, New York, NY 10006

SEE THE ARCHIVES

SHARE
Try Puck for free

Sign up today to join the inside conversation at the nexus of Wall Street, Washington, A.I., Hollywood, and more.

Already a member? Log In


  • Daily articles and breaking news
  • Personal emails directly from our authors
  • Gift subscriber-only stories to friends & family
  • Unlimited access to archives

  • Exclusive bonus days of select newsletters
  • Exclusive access to Puck merch
  • Early bird access to new editorial and product features
  • Invitations to private conference calls with Puck authors

Exclusive to Inner Circle only



Latest Articles from Washington

Sen. Chuck Schumer
Leigh Ann Caldwell • April 3, 2025
Anti-Anti-Weaponizaton Blowback & What White Women Want
The G.O.P. mini-revolt continues, albeit with limited results. And a new poll shows that a crucial swing bloc is mighty concerned about corruption.
Sebastian Gorka
Julia Ioffe • April 3, 2025
Trump’s New Rules for Radicals
The State Department spent Tuesday trying to convince diplomats that antifa is the new Al Qaeda—but Foggy Bottom isn’t buying it.
Rep. Randy Feenstra
Marianna Sotomayor • April 3, 2025
G.O.P. Jitters in Iowa and New Jersey
Trump’s endorsement streak comes to an end in the Hawkeye State, and an AWOL congressman gets an ex-Navy pilot challenger.


Maine Senate candidate Graham Platner
Leigh Ann Caldwell • April 3, 2025
Hill Rebellion & The Platner Files
The House rebukes the president on two separate bills, and Maine’s Graham Platner assures senators there isn't worse oppo to come.
Xavier Becerra
Peter Hamby • April 3, 2025
Revenge of the Normie Libs
In California’s primaries, voters mostly chose pragmatism over progressivism: Tom Steyer’s class crusade fizzled, Saikat Chakrabarti got Pelosi’d, L.A. rejected its wannabe Mamdani, and Spencer Pratt—yes, Spencer Pratt—is still in the running.
Chip Roy, Thomas Massie
Marianna Sotomayor • April 3, 2025
The Makings of a House YOLO Caucus
House Republicans are bracing for the return of members such as Thomas Massie and Chip Roy, who may come back as total renegades after losing primaries—and more Republicans may fall tonight.


Bill Pulte
Leigh Ann Caldwell • April 3, 2025
The G.O.P.’s Pulte Problem
It seemed like Donald Trump was trying to make amends with Republican senators after he backed off of some controversial demands. The bonhomie lasted about 18 hours.


Get access to this story

Enter your email for a free preview of Puck’s full offering, including exclusive articles, private emails from authors, and more.

Verify your email and sign in by clicking the link we just sent.

Already a member? Log In


Start 14 Day Free Trial for Unlimited Access Instead →



Latest Articles from Washington

Chris Murphy
John Heilemann • April 3, 2025
Murphy’s Law
A candid conversation with the junior senator from Connecticut, Chris Murphy, about the president’s slate of terrible Iran options and the blatant corruption that has marked his return to office.
Mike Johnson
Marianna Sotomayor • April 3, 2025
Slush Fund Showdown & Primary Tea Leaves
The White House may be walking back its “anti-weaponization“ gambit, and races in Iowa and California will test Democrats‘ taste for insurgent candidates.
Graham Platner
Leigh Ann Caldwell • April 3, 2025
Dems Reckon With the Platner Oppo
And Maine Gov. Janet Mills, who suspended her state's Senate primary, has reminded voters her name is still on the ballot.


Zohran Mamdani
Marianna Sotomayor • April 3, 2025
The Mamdani Betrayal & Trump Endorsement Games
Hill Dems are furious that the New York mayor has turned on one of their own, while the G.O.P. is feeling relieved about Iowa.
Donald Trump
Leigh Ann Caldwell • April 3, 2025
Senate Republicans Plot Their Revenge on Trump
After the president helped end the careers of two of their own, many in the Senate G.O.P. feel he’s broken their political contract. Now, instead of constantly bowing to the executive branch, they’re agitating to fight, or at least stand up for themselves.
Elizabeth Warren
Leigh Ann Caldwell • April 3, 2025
A.I. Hallucinations on the Hill
Democrats have started releasing a slew of remarkably similar A.I. action plans after being slow out of the gate on the issue. Republicans, meanwhile, are facing their own A.I.-related identity crisis.


donald trump
Julia Ioffe • April 3, 2025
Schrödinger’s War
Endlessly shifting goalposts and an increasingly violent ceasefire with Iran have created the perfect conditions for a new kind of forever war in the Middle East—a frozen conflict in which the only beneficiary may be Trump, himself.
Get access to this story

Enter your email to get access to one article and free previews of our private emails from Puck authors and editors.

OR

Already a Member? Sign in



Latest Articles from Washington

House Freedom Caucus, Chip Roy
Marianna Sotomayor • April 3, 2025
The Freedom Caucus Crossroads & The Lead Left Mystery
What happens to the most raucous caucus when many of its loudest members leave? Plus, the costly G.O.P. shadow operation that achieved... nothing much.
John Cornyn
Abby Livingston • April 3, 2025
Texas Hold ’Em
John Cornyn’s humiliating 28-point wipeout has Republicans spiraling over donor flight, Senate math, and whether scandal magnet Ken Paxton just handed Democrats their dream matchup.
Leigh Ann Caldwell • April 3, 2025
More From Georgia & Redistricting Whiplash
Things get even uglier in the G.O.P. primary to unseat Sen. Jon Ossoff, plus more developments in the gerrymandering wars.


Xavier Becerra mail advertisement
Peter Hamby • April 3, 2025
Is Xavier Becerra the Best California Can Do?
Among Democratic professionals in California, the prevailing sentiment about the governor’s race is a depressed shrug and a question: How did we end up with Becerra and Tom Steyer as Newsom’s most likely successors?
Vladimir Putin
Julia Ioffe • April 3, 2025
Putin on the Fritz
Russia is in deep, deep trouble, spurring renewed speculation about possible collapse. But we’ve seen this movie before, and Putin always manages to hold on. Is this time different?
John Thune
Leigh Ann Caldwell • April 3, 2025
The G.O.P. Mini-Resistance
Trump has spent his second term largely getting what he wants from Congress as he’s launched wars, imposed tariffs, and accumulated crypto wealth with little scrutiny. But last week, he encountered more resistance from his party on the Hill than at any point since his second swearing-in.


Ken Martin
Marianna Sotomayor • April 3, 2025
The D.N.C.’s Post-Autopsy Autopsy
Insiders knew they'd get blowback from the half-baked report whether it came out or not. But they also say that despite this latest fumble, Ken Martin isn't going anywhere.


  • Terms
  • Privacy
  • Contact
  • FAQ
  • Careers
© 2026 Heat Media All rights reserved.
Create an account

Already a member? Log In

CREATE AN ACCOUNT with Google
CREATE AN ACCOUNT with Google
OR YOUR EMAIL

OR

Use Email & Password Instead

USE EMAIL & PASSWORD
Password strength:

OR

Use Another Sign-Up Method

Become a member

All of the insider knowledge from our top tier authors, in your inbox.

Create an account

Already a member? Log In

Verify your email!

You should receive a link to log in at .

I DID NOT RECEIVE A LINK

Didn't get an email? Check your spam folder and confirm the spelling of your email, and try again. If you continue to have trouble, reach out to fritz@puck.news.

CREATE AN ACCOUNT with Google
CREATE AN ACCOUNT with Google
CREATE AN ACCOUNT with Apple
CREATE AN ACCOUNT with Apple
OR USE EMAIL & PASSWORD
Password strength:

OR
Log In

Not a member yet? Sign up today

Log in with Google
Log in with Google
Log in with Apple
Log in with Apple
OR USE EMAIL & PASSWORD
Don't have a password or need to reset it?

OR
Verify Account

Verify your email!

You should receive a link to log in at .

I DID NOT RECEIVE A LINK

Didn't get an email? Check your spam folder and confirm the spelling of your email, and try again. If you continue to have trouble, reach out to fritz@puck.news.

YOUR EMAIL

Use a different sign in option instead

Member Exclusive

Get access to this story

Create a free account to preview Puck’s full offering, including exclusive articles, private emails from authors, and more.

Already a member? Sign in

Free article unlocked!

You are logged into a free account as unknown@example.com

ENJOY 1 FREE ARTICLE EACH MONTH

Subscribe today to join the inside conversation at the nexus of Wall Street, Washington, A.I., Hollywood, and more.

START 14-DAY FREE TRIAL

  • Daily articles and breaking news
  • Personal emails directly from our authors
  • Gift subscriber-only stories to friends & family
  • Unlimited access to archives
  • Bookmark articles to create a Reading List
  • Quarterly calls with industry experts from the power corners we cover