— Teyana Taylor’s response to meeting her favorite musician, according to her 10-year-old daughter. So much for playing it cool.
Tariffs
Made in America?
What's going on: It’s no secret that the United States imports nearly everything it needs — down to that little plastic cap on our shoelaces. That was President Donald Trump’s logic when he implemented sweeping tariffs last year, claiming they would help US manufacturing and add jobs. But in February, the Supreme Court struck down most of those tariffs. Since then, the Trump admin has refunded more than $20 billion of the $165 billion tariff payments, and companies like Costco, Walmart, and Target are first in line to get theirs. (And before you ask: No, don’t expect it to lower your grocery bill.) In the meantime, they’re still paying the newer tariffs that Trump implemented earlier this year. Clearly, the tariffs haven’t brought back the golden age of American manufacturing. As for what it would actually take…
Guessing a lot?: Yup. The US imports $3 trillion in goods annually. About a quarter of those are essential to national security, come with supply chain headaches, or are sourced from rival countries. New research estimates that it would take $2 trillion — about 6% of the US’s GDP — to build the manufacturing power needed to replace them. And that’s before factoring in the workers, infrastructure, and energy needed to make it happen. Investors may be eager to pour money into industries like AI, expecting a big payoff, but that same logic doesn’t apply everywhere. But as negotiations with Iran continue, the war in the Middle East has reminded us how fragile the global supply chain is… and how dependent on it we are.
