
The 7
Friday, April 4, 2025
Apr 4, 2025
This briefing dives into the backlash against new tariffs impacting Wall Street and the unexpected firing of an NSA director. The turmoil continues with South Korea’s president facing impeachment and severe storms causing fatalities. On a lighter note, Bruce Springsteen gears up for a new album release, while a heartwarming story unfolds as a 97-year-old tortoise becomes a mother. Additionally, there's a poignant reflection on the role of food journalism in culture and ongoing debates over clean energy funding.
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Quick takeaways
- Trump's new tariffs are expected to increase consumer prices significantly, raising concerns about economic implications for American families.
- The dismissal of General Timothy Hawk reflects the growing influence of far-right activists like Laura Loomer in U.S. politics.
Deep dives
Impact of New Tariffs on Consumers
New tariffs imposed by President Trump are expected to significantly affect U.S. consumers and businesses. Starting tomorrow, all imports will incur a 10% tariff, with certain countries facing levies as high as 50% beginning next week. This decision is projected to result in increased prices for various goods, particularly clothing, cars, and coffee, burdening American families with higher costs. Senate Minority Leader Chuck Schumer criticized the move as a tax hike that threatens to plunge the economy into a recession, underscoring the widespread concern about the tariffs' implications.
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