Matt Gagnon discussed the impact of President Trump’s new tariffs, which include a 10% baseline rate on all imports and higher rates for countries deemed bad actors. Stock futures plummeted, with the Dow losing over 1000 points, the S&P 500 dropping 2.5%, and the Nasdaq falling 3.4%. Gagnon explained that the tariff rates announced by the White House are not actual tariff rates but a combination of trade deficits, currency manipulation, and other factors. He also touched on the historical context of tariffs, noting that protectionism has long been a part of conservative politics, contrasting past protectionist views with the current push for free trade.
The Maine State Fire Marshal’s Office said a firefighter was found in the rubble of the fatal fire. Because of the complexity of the scene, the investigation is expected to take some time.
Alex Murdaugh's murder convictions and life sentence for the deaths of his wife and son were overturned Wednesday by the South Carolina Supreme Court because the court clerk at his trial suggested he was guilty. But the disgraced lawyer won't be leaving prison anytime soon.
Workers at Denver airport initially missed a security breach by man who scaled an 8-foot perimeter fence and crossed a runway where he was hit and killed in a fiery collision by a plane with 231 people on board, authorities said Tuesday.
The Labor Department's consumer price index rose 3.8% from April 2025, according to data released Tuesday. On a month-to-month basis, April prices rose 0.6% from March as gasoline prices rose 5.4% during the month; the month-over-month gain was down from 0.9% increase from February to March.
Defense Secretary Pete Hegseth faced tough questions from Republican and Democratic lawmakers in Congress on Tuesday about the Trump administration's end game for the Iran war, the conflict's costs and its impact on diminishing weapons stockpiles.
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