The U.S. recently put a 39% tariff on Switzerland, one of the highest rates in the world. Here's why.
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Updates
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President Trump’s new tariffs on about 90 countries took effect on Thursday, sending foreign leaders in some of the hardest-hit economies rushing to contain the damage. The tariffs might soon unleash new economic shocks in the U.S., experts said. https://nyti.ms/45q5sCY
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Community colleges, which educate roughly 40% of all undergrads in America each year, are the collateral damage in President Trump’s war on elite universities. https://nyti.ms/45ib5TM
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Los Angeles passed a measure to increase wages for hotel and airport workers to $30 an hour, up from $21, over the next three years. It would be among the highest minimum wages in the U.S. But with tourism down, and the city in a slump, hotel owners fear for their survival. https://nyti.ms/4lYKHoW
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There's a growing trend on social media of people transforming their homes into makeshift coffeehouses, spotlighting specialty drinks, signage and a spread of baked goods. But are they social events or side hustles? “We’re really excited about this home cafe, because it offers more hospitality than a classic restaurant does,” said Justen Lambert, 33, a recipe developer in Illinois. “It’s more cozy, it’s more intimate and there’s a lot more focus on providing good quality food, because we’re not a restaurant with tons of overhead. We can focus more on making the experience about community building.”