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.
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.
