Analysts say President Trump’s pause on some tariff measures “upends any pretence that we understand his strategy.” / ING

Meanwhile, Trump now faces accusations of market manipulation. / Al Jazeera

The Financial Times: “We now know the market has Trump on a leash, and we have an initial estimate of its length.” / The Financial Times

A full list of the new updated tariff rate country by country. / The Guardian

See also: Research strongly suggests America’s 19th-century tariffs were probably harmful. / Economic Forces

Switzerland launches a trial program offering young criminals psychotherapy and increased freedoms while keeping them in a confined environment. / NZZ

In the US, the head of Immigration and Customs Enforcement wants a system of trucks to handle mass deportation similar to how Amazon’s fleet delivers packages. / The Guardian

Why aren’t universities using their billion-dollar endowments to fight Trump? “It’s easy to see the next four years as a blip when you’re about to celebrate your 400th birthday.” / Vox

Unrelated: A collection of “improprieties in pronunciation” among people from New England in 1808. / Futility Closet

A biologist says insects from the ’70s and ’80s were already collecting microplastic, decades before the term even existed. / Bluesky

Remembering heiress Katharine McCormick, who funded development of the pill and Planned Parenthood. / The New York Times [+]

Reviews of Meghan Markle’s sold-out raspberry jam: “It’s too runny for a PB&J or, God forbid, an open-faced slice of toast.” / The Cut

Hunter Biden says sales of his paintings have plummeted since his father left office. / The Art Newspaper

Some notes on Pablo Picasso’s drawing notebooks. / Noted

Some photorealistic oil paintings of urban landscapes. / Colossal

Modern culture and emergent tech are said to be reshaping our relationship to dreaming. / Noema