Farmers will need government relief this year after the trade war choked off access to key markets, Senate Majority Leader John Thune (R-S.D.) said Sunday.
Why it matters: Thune's comment, following a promise from President Trump earlier in the week, sets up a potential battle over what would likely be a multibillion-dollar package — and a separate fight over why it was needed in the first place.
Instead of putting "tariff" on the tag, some retailers are slipping costs into shipping, fees or relabels.
Why it matters: Trade duties and new import rules are driving up retailer costs, especially in apparel, furniture, holiday décor and toys. Those costs are starting to be passed to consumers.
Starting with our interview last spring with Anthropic CEO Dario Amodei, where he foresaw a white-collar bloodbath, we've been warning of a jobs crisis unfolding in plain sight across America.
Last week, Mike Allen and I talked privately with 20 different CEOs of a wide range of companies. Every single one of them said they're reducing their hiring ambitions at the dawn of AI.
Why it matters: Don't trust us. Listen to Amodei, who's building AI technology, and top CEOs as they freeze or reduce hiring because of AI.
