Matt Gagnon discusses the negative impacts of tariffs, citing historical examples like the Smoot-Hawley Tariff of 1930, which led to a 60% drop in American exports and prolonged the Great Depression. He argues that tariffs sound logical but are ultimately harmful, leading to job losses and economic contraction. Gagnon compares tariffs to illegal drugs, highlighting their initial appeal but long-term detriments. He also addresses the decline in U.S. manufacturing jobs, noting that while the number of jobs has decreased, the manufacturing industry is still growing. Gagnon emphasizes that the decline is due to technological advancements, energy costs, and market competition, not just trade policies.
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.
