A new study reveals that tariffs imposed by the Trump administration in 2025 primarily burdened U.S. importers and consumers, rather than foreign exporters.

• Nearly 90 percent of the economic burden from the tariffs fell on U.S. firms and consumers.
• The study was authored by economists from the Federal Reserve Bank of New York and Columbia University.
• The U.S. average tariff rate on imported goods surged from 2.6 percent at the beginning of 2025 to 13 percent by the end of the year.

Despite robust economic growth in the US, job seekers like Jacob Trigg and James Richardson are facing unprecedented difficulties finding employment, with applications numbering in the thousands and unemployment stretching for months. This situation has led to concerns about a potential "jobless growth" era, possibly influenced by new technologies like Artificial intelligence (AI) and structural economic shifts.

• The US economy expanded at a robust annual pace of 4.4% in recent figures, yet only added an average of 15,000 jobs per month last year.
• Goldman Sachs released a widely cited report suggesting the US could be facing a new period of "jobless growth" due to AI and new technologies.
• Constantin Burgi, a professor of economics at University College, Dublin, explains that such a decoupling of job gains and economic growth often signifies a structural shift.

California and three other U.S. states have filed a lawsuit against the Trump administration, challenging its plan to cut over $600 million in public health grants. The states allege the cuts are politically motivated and violate federal law.

• The lawsuit was filed by California Attorney General Rob Bonta and his counterparts from Colorado, Illinois, and Minnesota.
• California faces the largest reduction of approximately $180 million, including $130 million from the Public Health Infrastructure Grant (PHIG).
• The lawsuit claims violations against the Administrative Procedure Act and constitutional protections, arguing the funding termination targets these states based on partisan politics.