President Trump's sweeping tariffs have rocked Wall Street. The S&P 500 had its worst day since the pandemic crashed the market in 2020, while the Dow dropped 4% and the Nasdaq plummeted 6%.
“What I think we’re seeing today is the realization that what was just political rhetoric is actually becoming policy reality,” Scott Clemons, chief investment strategist at Brown Brothers Harriman, tells us.
Meanwhile, some Republicans are pushing back. The same day Trump escalated the trade war, Sen. Chuck Grassley introduced legislation to rein in the president’s power to impose tariffs. It would require Congress to be notified within 48 hours of any new tariffs and demand lawmakers approve them within 60 days — while also giving them the power to revoke them at any time. Though unlikely to pass, Grassley’s move carries some weight. As third in line for the presidency, his challenge sends a clear message that not all Republicans are on board with Trump's maneuvering.
We turned to Clemons to explain the potential fallout of this economic uncertainty. He told us what this could mean for inflation, or worse, stagflation, and the advice he’s giving his clients.
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Gen. Timothy D. Haugh, head of the National Security Agency and U.S. Cyber Command, was among those ousted officials. (Getty Images) |
President Trump fired six National Security Council officials after they were lambasted by far-right activist Laura Loomer in the Oval Office, the New York Times reports. National security adviser Michael Waltz reportedly joined the meeting and defended his staff, but it was evident that he could do little to save their jobs.
The EU is considering fining Elon Musk's X $1 billion for violating a law that tackles illicit content and disinformation, per the New York Times. Regulators have been weighing how big a fine they can impose, considering the risk of antagonizing President Trump. The Senate has voted to confirm Dr. Oz as head of the Centers for Medicare and Medicaid Services, which provides healthcare coverage to more than 160 million Americans.
A 24-year-old woman in Georgia who miscarried was arrested after witnesses reported seeing her dispose of fetal remains. An autopsy determined that Selena Maria Chandler-Scott's fetus was at 19 weeks' gestation. No baby that premature has ever survived. It's not clear if Scott will be charged, but she was arrested under a Georgia law that affords a fetus the same rights as a person. Poet Kevin Young, director of the Smithsonian Institution’s National Museum of African American History and Culture, was placed on indefinite personal leave on March 14, about two weeks before Trump announced his overhaul of the Smithsonian's "improper ideology." |
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| Shocking Side Effect
The Trump administration gutted a little-known organization that works to make healthcare safer. Here's what to know.
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| W(O)FH
Making your dreams of a home gym a reality is easier than you think. Trainer Kira Stokes shares the best products to get you started.
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| The Right Stuff
Struggling what to say when a friend or loved one needs comforting? Psychiatrist Dr. Samantha Boardman spells out how to help them.
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Your memory is one of your greatest biological assets, so wouldn't you do anything possible to keep it in tip-top shape? CocoaVia’s Memory & Focus is here to support. This powerful supplement is formulated with a unique blend of plant-based ingredients — including cocoa flavanols, which are bioactives scientifically proven to benefit your brain and your heart. This once-daily capsule keeps you sharp and promotes five areas of brain performance (including your attention), so what are you waiting for?
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C ya later: Today's National Vitamin C day, and this nutrient isn't just good for your diet — it's also a skincare powerhouse. Here's why you should add it to your routine and how to find good products.
Labor of love: Want to really show out for your dinner guests? Chef Frankie Celenza's completely made-from-scratch lasagna will have everyone singing your praises.
Good read: In his powerful new memoir, Christian Allaire recounts how he went from living on a reservation in Canada to taking the fashion world by storm as a writer at Vogue. Pick up a copy at Amazon, Bookshop, or Target.
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It's National Poetry Month, so we'll be sharing some of our editors' favorite lines of verse and what makes them resonate with us. First up is Editorial Director Molly Simms, who loves Thomas Lux's "Refrigerator, 1957." “This is a luxurious-feeling meditation on a totally mundane object — a jar of maraschino cherries in the fridge — that knocks me over with its beauty and lushness every time I read it," she says. "It’s a poem that’s small, complex, and sweet, just like the treat he’s describing.” |
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Sick of dealing with tangled flatiron cords in your carry-on? This genius bag is designed to pack all your hot tools and brushes neatly away, keeping them perfectly organized. When you're done, it folds to half the size for easy stowing!
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