President Donald Trump speaks to reporters at the White House in Washington, DC, on January 30. Chip Somodevilla/Getty Images
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—
Just about everyone thought it was a bluff. Top analysts from the biggest banks on Wall Street said it was highly unlikely. Stocks were trading like it wouldn’t happen. Some companies built contingency plans, but they weren’t exactly rushing to make changes.
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But the tariffs are coming — in full force. President Donald Trump announced Saturday that a massive 25% tariff on all goods from Mexico and most imports from Canada will go into effect Tuesday. An additional 10% tariff on Chinese goods will be enacted the same day.

Trump in a message posted on Truth Social Sunday said, “We don’t need anything they have. We have unlimited Energy, should make our own Cars, and have more Lumber than we can ever use.” But America’s supply chains are reliant on its trading partners, and even for goods that could be grown or produced exclusively in the United States, the complex web of interconnected global trade cannot easily be unwound.
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So the additional costs on foreign-made goods will be paid by American importers, who typically pass those costs onto retailers, who pass them onto inflation-weary consumers. That means prices will rise — although, for most items, not immediately. Businesses’ profits will be squeezed as they bear the cost burden of the tariffs or pay to adjust their carefully constructed and at times inflexible supply chains.

That’s why stocks on Monday were set to tumble. Dow futures were more than 600 points, or 1.3% lower. S&P 500 futures sank 1.5%. and Nasdaq futures were 1.7% lower.

Globally, stocks fell, too. Major European indexes were down across the board, and Asian markets closed sharply lower. Bitcoin and other cryptos tumbled, brought down by growing fears of a recession. The US dollar rose sharply.

Energy costs surged: US crude oil rose 2.3% and natural gas spiked 7%. Despite a lower 10% tariff on Canadian electricity, natural gas and oil exports to the United States, the energy industry said it will not be able to quickly or easily find alternate sources. Diesel and jet fuel costs in particular will rise, according to Angie Gildea, the US energy sector lead at accounting firm KPMG, adding costs to all shipped goods and air travel.
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“Any infrastructure upgrades would not happen overnight,” Gildea told CNN. “Tariffs on Canadian oil would increase costs for US refiners, leading to price hikes for consumers.”

Auto industry stock futures were particularly hard-hit, because virtually all American-made cars are manufactured at least in some part in Mexico or Canada — what was a free-trade zone. GM (GM) fell more than 6%, Jeep and Chrysler maker Stellantis (STLA) was down 5% and Ford (F) fell more than 3%.

London
CNN
—
Opposite a bed in central London, light filters through a stained-glass window depicting, in fragments of copper and blue, Jesus Christ.
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Three people have lived in the deserted cathedral in the past two years, with each occupant — an electrician, a sound engineer and a journalist — paying a monthly fee to live in the priest’s quarters.
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The cathedral is managed by Live-in Guardians, a company finding occupants for disused properties, including schools, libraries and pubs, across Britain. The residents — so-called property guardians — pay a fixed monthly “license fee,” which is usually much lower than the typical rent in the same area.
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Applications to become guardians are going “through the roof,” with more people in their late thirties and forties signing on than in the past, said Arthur Duke, the founder and managing director of Live-in Guardians.
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“That’s been brought about by the cost-of-living crisis,” he said. “People are looking for cheaper ways to live.”



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President Donald Trump speaks about the mid-air crash between American Airlines flight 5342 and a military helicopter in Washington. Roberto Schmidt/AFP/Getty Images
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President Donald Trump on Thursday blamed the Federal Aviation Administration’s “diversity push” in part for the plane collision that killed 67 people in Washington, DC. But DEI backers, including most top US companies, believe a push for diversity has been good for their businesses.

Trump did not cite any evidence for how efforts to hire more minorities, people with disabilities and other groups less represented in American workforces led to the crash, saying “it just could have been” and that he had “common sense.” But Trump criticized the FAA’s effort to recruit people with disabilities during Joe Biden’s administration, even though the FAA’s Aviation Safety Workforce Plan for the 2020-2029 period, issued under Trump’s first administration, promoted and supported “the hiring of people with disabilities and targeted disabilities.”
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It’s not the first time opponents of diversity, equity and inclusion initiatives, or DEI, have said they can kill people. “DEI means people DIE,” Elon Musk said after the California wildfires, criticizing the Los Angeles Fire Department and city and state officials for their efforts to advance diversity in their workforces.

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Moth species among new discoveries
The Natural History Museum in London said its researchers had been involved in 190 new discoveries of living and fossilized animals, including 11 new species of moth, eight crabs, four rats and four snakes.
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One of the moth species from a genus called Hemiceratoides from Madagascar feeds itself by drinking the tears of sleeping birds, while another newly identified species of moth, Carmenta brachyclado, was found fluttering against a window in a Welsh living room despite its origins in Guyana.

The moth got stuck in a boot belonging to a photographer, who unwittingly brought the insect from South America to her home in Wales, where it emerged. Her daughter, ecologist Daisy Cadet, recognized the creature as something unusual and contacted the Natural History Museum in London.
Another striking find was a vegetarian piranha called Myloplus sauron from Brazil’s Xingu River, said Rupert Collins, a senior curator of fishes at the museum, who helped describe the fish. It was named sauron due to its resemblance to the Eye of Sauron from J.R.R.
Tolkien’s “The Lord of the Rings.”

“The reason we named it this was really a no-brainer because this fish is disc-shaped and has a thin vertical bar across the body, which looks just like an eye,” Collins said in a video shared by the museum.

In addition, in 2024 scientists have documented a mystery mollusk in the deep ocean, a ghost shark, a blob-headed fish, and a type of semi-aquatic mouse.
A ‘race against time’
Among the fascinating finds from scientists at the UK’s Royal Botanic Gardens, Kew was an intriguing new species of fungi in wooded heathland near the town of Royal Tunbridge Wells, England. Phellodon castaneoleucus sports teeth-like structures instead of the gills usually seen beneath mushroom caps.

Botanists also discovered five new orchid species from sites across the Indonesian archipelago, a gray-stemmed ghost palm from western Borneo with leaves with white undersides, and an enigmatic family of plants known as Afrothismia that are confined to continental African forests without the ability to photosynthesize.

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SushiSwap is a leading decentralized finance (DeFi) platform that allows users to trade cryptocurrencies directly from their digital wallets. Built on top of the Ethereum blockchain, SushiSwap is designed to offer a seamless, trustless, and secure trading experience.
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