President Donald Trump announced a 100% tariff on computer chips, exempting those made in the U.S. This decision followed a three-month temporary exemption during the COVID-19 pandemic. The move is expected to protect U.S. companies like Apple, which has committed $600 billion to domestic production, part of a collective $1.5 trillion investment by big tech in the U.S. since January. Apple’s stock rose 8% following the announcement, and Nvidia saw a slight increase. Matt Gagnon noted the nuanced nature of tariffs, comparing them to Milton Friedman’s views, which allowed for exceptions in infrastructure and defense.
Tropical Storms Karina and Lowell formed Thursday in the Pacific Ocean, both of which were expected to become hurricanes in the next few days, the National Hurricane Center said.
A new study suggests that El Ninos — the natural climatic chaos agent that pops up periodically and spikes global temperatures — are getting stronger because of human-caused climate change.
Two unvaccinated Pennsylvania residents have died after being infected with measles, the first U.S. deaths this year related to the contagious virus. State health officials announced the deaths Tuesday. They did not reveal any details about the people who died, other than that they lived in Lancaster County, west of Philadelphia.
