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The levies are also likely to reduce America’s economic output, as has happened before. A 2020 study, based on data from 151 countries, including the US, between 1963-2014, found that tariffs have “persistent adverse effects on the size of the pie,” or the gross domestic product of the country imposing them.
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There are a number of possible explanations for this.

One is that, when tariffs are low or non-existent, the country in question can focus on the kind of economic activities where it has an edge and export those goods and services, Gimber told CNN.
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“If you raise tariffs, you’re not going to see that same level of specialization,” he said, noting that the result would be lower labor productivity. “The labor could be better used elsewhere in the economy, in areas where you have a greater competitive advantage.”
Another reason output falls when tariffs are raised lies in the higher cost of imported inputs, wrote the authors of the 2020 study, most of them International Monetary Fund economists.

Fatas at INSEAD suggested the same reason, providing an example: “So I’m a worker and work in a factory. To produce what we produce we need to import microchips from Taiwan. Those things are more expensive. Together, me and the company, we create less value per hour worked.”

Yet another way tariff hikes can hurt the economy is by disrupting the status quo and fueling uncertainty over the future levels of import taxes. That lack of clarity is particularly acute this year, given the erratic nature of Trump’s trade policy.

Surveys by the National Federation of Independent Business in the US suggest the uncertainty is already weighing on American companies’ willingness to invest. The share of small businesses planning a capital outlay within the next six months hit its lowest level in April since at least April 2020, when Covid was sweeping the globe.

“The economy will continue to stumble along until the major sources of uncertainty (including over tariffs) are resolved. It’s hard to steer a ship in the fog,” the federation said.

Whichever forces may be at work, the IMF, to cite just one example, thinks higher US tariffs will lower the country’s productivity and output.

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Ruby Williams’ birthday was not your average 18th. She celebrated it on the Klamath River, with a group of young people making a historic journey paddling from the river’s headwaters in southern Oregon to its mouth in the Pacific Ocean, just south of Crescent City, California. It marked the first time in a century that the descent has been possible, after the recent removal of four dams allowed the river to flow freely.
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Williams, together with fellow paddler Keeya Wiki, 17, spoke to CNN on day 15 of their month-long journey, which they are due to complete on Friday. At this point, they had just 141 miles (227 kilometers) of the 310-mile (499 kilometer) journey left to go and had already passed through some of the most challenging rapids, such as those at the “Big Bend” and “Hell’s Corner” sections of the river.
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Both were exhausted and hadn’t showered in days — although they promised they “aren’t completely feral.” However, despite tired minds, they were steadfast in their commitment.
“We are reclaiming our river, reclaiming our sport,” said Williams.

“We are getting justice,” Wiki, who is from the Yurok Tribe, added. “And making sure that my people and all the people on the Klamath River can live how we’re supposed to.”

The Klamath River runs deep in the cultures of the native peoples living in its basin, who historically used dugout canoes to travel along it. They view it as a living person, a relative, who they can depend on — and in turn protect.

“It’s our greatest teacher, our family member,” said Williams, who is from the Karuk Tribe, which occupies lands along the middle course of the Klamath. “We revolve ceremonies around it, like when the salmon start running (the annual migration from the sea back to freshwater rivers to spawn), we know it’s time to start a family.”

Historically, it was also a lifeline, providing them with an abundance of fish. The Klamath was once the third-largest salmon-producing river on the West Coast of the US. But between 1918 and 1966, electric utility company California Oregon Power Company (which later became PacifiCorp), built a series of hydroelectric dams along the river’s course, which cut off the upstream pathway for migrating salmon, and the tribes lost this cultural and commercial resource.
For decades, native people — such as the Karuk and Yurok tribes — demanded the removal of the dams and restoration of the river. But it was only in 2002, after low water levels caused a disease outbreak that killed more than 30,000 fish, that momentum really started to build for their cause.

Twenty years later, the Federal Energy Regulatory Commission finally approved a plan to remove four dams on the lower Klamath River. This was when Paddle Tribal Waters was set up by the global organization Rios to Rivers to reconnect native children to the ancient river. Believing that native peoples ought to be the first to descend the newly restored river, the program started by teaching local kids from the basin how to paddle in whitewater. Wiki and Williams were among them — neither had kayaked before then.

Sky-gazers may get a good chance to see fireballs streak across the night sky this week. Two meteor showers — the Alpha Capricornids and Southern Delta Aquariids — will reach their peak and another is ramping up.
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The Alpha Capricornids meteor shower, which is best known for producing very bright meteors called fireballs that may look like shooting stars, will be most visible at 1 a.m. ET Wednesday, according to Robert Lunsford, fireball report coordinator for the American Meteor Society. Its radiant — the point at which the meteor streaks seem to originate — is in the Capricorn constellation.
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The Alpha Capricornids are visible all over the world but are usually best seen from the Southern Hemisphere, in places such as Australia and Africa, according to Bill Cooke, the lead for NASA’s Meteoroid Environments Office. These meteors are expected to appear at a rate of three to five per hour. If you are viewing from the Northern Hemisphere, keep your eyes low along the southern sky to catch a glimpse.

If you stay up later, you’ll be able to see the Southern Delta Aquariids reach peak activity at 3 a.m. ET on Wednesday, said Lunsford. The Southern Delta Aquariids, which also are most visible in the Southern Hemisphere, make for a stronger shower than the Capricornids; people located in parts of the Northern Hemisphere such as the US can expect to view up to 10 to 15 meteors per hour, while those in the Southern Hemisphere may see 20 to 25 per hour.
The Aquariids appear to stream from the southern part of the Aquarius constellation, which is around 40 degrees east of the Capricorn constellation, according to Lunsford: “They’re going to kind of do a battle, shooting back and forth at each other.”

Both showers will be visible through August 13, though there is some disagreement about the date on which their peaks will occur. While experts at the American Meteor Society say peak activity will occur Tuesday night into early Wednesday morning, those at NASA say it will happen Wednesday night going into Thursday.

“The time of a meteor shower peak is not constant from year-to-year. It can vary by plus or minus a day or two,” Cooke said.

But missing the peak, according to Lunsford, is nothing to fret about. “It’s not a real sharp peak …You can go out (on) the 31st or the 29th and see pretty much the same activity.”

For the best viewing, avoid areas with bright lights and objects that could obscure your view of the sky, such as tall trees or buildings. Picking a spot with a higher altitude, like a mountain or hill, may make it easier to spot these showers.

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‘The most ridiculous thing I’ve ever seen’: Resurgent Rory McIlroy left incredulous after bizarrely hitting two balls at once
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As the latest inductee into one of sport’s most exclusive clubs, there is little that grand slam champion Rory McIlroy has not seen in the game of golf. Then, just past the halfway mark of his Open Championship third round on Saturday, he swung.

Enjoying an excellent day in front of a vociferous home support at Royal Portrush in Northern Ireland, the 36-year-old found himself in a spot of bother when his tee shot at the par-four 11th curved into the rough on the right of the fairway.

The “Oh my God” that followed the subsequent swipe of his wedge was McIlroy’s response to his effort falling short of the green, but the world No. 2’s attention quickly turned to the ball, somehow, at his feet.
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Miraculously, his swing had inadvertently popped up a second ball submerged below his played one in the Dunluce Links soil.

“Oh my goodness … That’s got to be a first hasn’t it?” exclaimed three-time Open winner Nick Faldo on the Sky Sports Golf broadcast.

“He was very fortunate to miss the ferns and the wild rose bushes but then he lands on an old golf ball … what a story.”

McIlroy evidently saw the funny side, holding aloft the hidden treasure with an incredulous smile even as he watched his actual shot trickle away from the green before tossing it into a nearby bush.

After the round, McIlroy said he “honestly” didn’t know what happened on the 11th.

“That is the most weird, ridiculous thing I’ve ever seen. Then my ball came out really weird and spinny. Yeah, just so strange.”
‘One of the largest roars I’ve ever heard on a golf course’
Though a first bogey of the round followed, the five-time major winner immediately responded in stunning fashion to reignite a day he had begun with three birdies in four holes.

Just over 56 feet away from the par-five 12th cup, he knocked a perfectly weighted putt that rolled for more than 10 seconds before dropping in for eagle and sparking rapturous scenes in the stands behind him.

“It’s one of the largest roars I’ve ever heard on a golf course,” he remarked later.

It was the undoubted personal highlight of a day that saw McIlroy, born some 60 miles away in the small town of Holywood, keep his dream of a fairytale home Open win alive, as a five-under 66 lifted him to eight-under par overall.

That left him six strokes adrift of leader Scottie Scheffler: one shot closer than at the start of Saturday but still surely requiring an even greater performance if he is to lift his second Claret Jug.

“He’s playing like Scottie. I don’t think it’s a surprise … He’s just so solid, he doesn’t make mistakes,” McIlroy said.

“He’s turned himself into a really consistent putter as well. So there doesn’t seem to be any weakness there. Whenever you’re trying to chase down a guy like that, it’s hard to do.”

Whatever the outcome, McIlroy has banished the demons of a tearful missed cut when the major returned to Royal Portrush for the first time in 68 years in 2019.

The 29-time PGA Tour winner has enjoyed phenomenal support all week on the Causeway Coast, with chants of “Rory, Rory, Rory” ringing out through rain and shine, even after a steady start of 70 and 69.

‘Absolutely incredible out there. The atmosphere has been electric all day,” McIlroy told Sky Sports.

“An absolute pleasure to play in front of my home crowd, my fans. I’ve tried my best. I try my best every week, but I’m really just trying to hang in there and stay in it.”