As trade war fears circulate, lawmakers are manning their posts: Democrats are warning prices will skyrocket — while Republicans say the potential discomfort will be worth it in the end.
The big picture: Economists fear the across-the-board tariffs on Mexico, Canada and China — and the immediate retaliation that followed — could further stress already strained U.S. households and walk back recent economic gains.
Cars that are made in America aren't only made in America — they're made across North America.
As a result, Trump's across-the-board tariffs on all trade with Mexico or Canada risks making U.S. autos much more expensive than foreign imports.
Why it matters: The U.S. auto industry could shut down within a week, by someestimates, thanks to these tariffs. Even if it doesn't, there is no automaker that's set up to operate in a world of high-friction North American border duties.
Gen Z men think they need to earn about 15% more to be "financially successful" than young women do, per a new study digging into the thorny question of what "making it" really means.
Why it matters: Even at a young age, the gender wage gap is driving very different perceptions of need and success.
President Trump on Saturday imposed across-the-boardtariffs on North American allies and China, which sparked immediate retaliation against domestic manufacturers.
Why it matters: After weeks of "will he or won't he," Trump opted for sweeping levies that could de-link economic ties with top trading partners. The impact on American consumers and businesses may be profound.
There's a growing marriage gap in the U.S.: Marriage rates for women without college degrees are falling, while rates for those with four-year degrees are holding steady.
A fascinating new working paper, titled "Bachelors without Bachelor's," from researchers at Cornell, Harvard and Yale unpacks the trend.
Why it matters: The drop-off in marriage rates for women without degrees has everything to do with their male counterparts, the researchers find.
The White House on Saturday fired the head of the Consumer Financial Protection Bureau, Rohit Chopra — one of the final regulators held over from the Biden administration.
Why it matters: Trump is the first president to fire a leader of the CFPB. The Supreme Court in 2020 ruled the agency's structure was unconstitutional and said presidents could fire directors at will.
There is a wrecking ball coming for the norms of global trade.
President Trump is expected to disrupt the largely friendly economic relationship between our North American neighbors with high tariffs that would blow up his own trade deal.
He plans to up the ante on U.S.-China trade relations too and pledged more tariffs ahead.
