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1
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Your wallet
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10% → 12.5% on imports starting Friday
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A tariff decision drops today. Prices follow Friday.
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USTR is expected to finalize 12.5% Section 301 duties on 46 countries this week. If approved, the new rate replaces the expiring 10% tariff starting Friday. Goods from China, Vietnam, India, Japan, and South Korea all get pricier by week's end. Separately, a 25% tariff on most Brazilian imports kicks in Tuesday — covering sugar, apparel, and paper, while exempting coffee and beef. Beef is already up 14%, coffee up 20%, and tomatoes up 40% from a year ago — and the new rates won't help.
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The other side: The 10% rate was always temporary, and 12.5% is far below the 20–46% IEEPA tariffs the Supreme Court struck down in February.
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2
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Travel
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1,119 cancellations + 4,894 delays Saturday
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The worst flying weekend of the summer just ended
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Saturday was the worst air travel day of the summer — 1,119 flights cancelled and nearly 5,000 delayed as storms swept from the Mid-Atlantic through the Carolinas. LaGuardia and JFK accounted for almost half of all US cancellations, while Atlanta and Newark led in delays. More severe weather is expected through Tuesday, and crews and planes are still out of position from the weekend. If you're flying early this week, build in extra time.
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The other side: Summer storms cause disruptions every July — airlines typically recover schedules within 24–48 hours, and monthly cancellation rates are still in the low single digits.
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3
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Your vote
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17 US service members killed
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Three more Americans died in the Iran war this weekend
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Two service members were killed Saturday when an Iranian missile hit a US base in Jordan. A third was confirmed dead Sunday after remains were found near the same site. That brings US deaths to 17 since the conflict started, all in what the Pentagon calls a war fought mostly from the air. Oil surged last week on the escalation, pushing gas past $3.94 a gallon and still climbing.
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The other side: Seventeen deaths in a conflict fought mostly from the air is historically low — the administration says strikes are degrading Iran's ability to threaten Gulf shipping.
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