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🧵 New tariffs taking effect this morning represent a deepening of this administration’s strategy of trade chaos and are a threat to U.S. workers and the economy under a thin justification of opposing forced labor.

🧵 Twin decisions from the Supreme Court this week could shake the U.S. economy by eroding confidence in federal policymaking. While SCOTUS rightly blocked the firing of Fed Governor Lisa Cook (for now), its removal of protections for other agency leaders could be disastrous.

The threat of a stadium worker strike on the eve of the World Cup underscores the power of union activity in the U.S., and provides a chance for economists to review what the evidence says about the impacts of unions (tldr: collective bargaining works!).

A year ago today, President Trump hiked tariffs to levels unseen in the modern era, celebrating a “Liberation Day” for the U.S. economy. Since then, U.S. tariff policy has remained costly and highly uncertain, weighing on the ability of businesses to grow and hire more workers.