Trump’s new tariffs; NSC staff fired; Laura Loomer

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Today’s top stories

Businesses are reeling from President Trump’s Wednesday announcement of new tariffs on nearly everything the U.S. imports. The announcement triggered a sharp drop in the U.S. stock markets — a sign of the economic fallout expected from an expanded trade war.

• If the tariffs stick, it’ll upend the global trading system that the U.S. built for decades and leave the country isolated from the rest of the world, ‘s Scott Horsley tells Up First. While the tariffs could bring money in to make up for the money the government will lose by extending 2017 tax cuts, Horsley says it isn’t as simple as “taking money out of one pocket and putting it in the other.” Tariffs will be paid disproportionately by working people, who will see higher prices for things like imported toys, shoes and winter produce at places like Walmart. Meanwhile, savings from tax cuts will primarily flow to the pockets of the wealthy. Horsley describes trading taxes for tariffs as a “reverse Robin Hood policy” that “takes money from the poor and gives it to the rich.”
• ‘s Alina Selyukh has been talking to small retailers who tell her they feel like collateral damage from the expected tariffs. Companies like Walmart might pressure overseas suppliers to bear some tariff costs, but small businesses don’t have that kind of muscle. To combat the tariffs, small retailers might scale back, shrink their selection of goods, stop hiring or go into survival mode.

• Trump confirmed there were firings at the NSC but did not explain exactly why they happened, says ‘s Domenico Montanaro. Trump has also denied Loomer was the reason for the firings. However, the move highlights that Trump has a very different group of advisers around him than he did during his first term. Back then, there were more established and experienced people by his side. Now, he has moved toward people in this right-wing ecosphere of Trump acolytes and devotees, Domenico says.

It’s the seventh week of Trump’s second term in office, and he continues to make big headlines with his ongoing overhaul of foreign and domestic policy. From Trump the floating idea of running for a third term to Elon Musk becoming a central figure in Wisconsin’s judicial race, here are four takeaways and a day-by-day look at what happened this week.

Life advice

When you’re behind the wheel, windy weather can come out of nowhere, leaving little time to react. Winds can be powerful enough to jostle cars, topple power lines and litter debris on the ground. Wind phenomena like dust storms can also impact your visibility. Here’s some expert advice on how drivers can stay safe when it is windy and what to do if caught in dangerous conditions.

• Check the weather forecast before hitting the road. If possible, delay or cancel your travel plans in the case of windy conditions.
• If caught in windy weather, slow down, keep both hands on the wheel and give yourself space to maneuver and act quickly.
• You can pull over and wait for the weather to pass, but do not park under trees or other objects that could fall onto your vehicle.

Weekend picks

3 things to know before you go

1. R.E.M. turns 45 years old tomorrow. To this day, Athens. Ga. still draws fans who want to see the band’s hometown. You could say they’re taking a pilgrimage. If you want to go, this is how you should spend your visit.
2. Today marks the 50th anniversary of Microsoft, a company that helped launch the software industry. Its products like Xbox and Windows are household names, but there are others, like Zune, that you might not remember. Take a look back at five decades of Microsoft’s history.
3. Researchers at the University of Auckland in New Zealand believe they have captured the first recording of a shark making noise. It resembles a spark of electricity or a click.

This newsletter was edited by Suzanne Nuyen.