What We’re Following
Trading Troubles: A tweet from President Trump foreshadowing a positive U.S. jobs report went against the usual protocol for the monthly release of data, alarming economists and investors. Here’s why they saw this breach of norms as a big deal. And a steep set of tariffs on U.S. allies went into effect. James Fallows weighs the costs and benefits, and comes to a blunt conclusion: “Donald Trump’s new steel and aluminum tariffs against Mexico, Canada, and the European Union are both pointless and bad.”
On Again: Trump announced that his meeting with Kim Jong Un is scheduled once again for June 12 in Singapore, after the North Korean leader sent him what the president described as “a very interesting letter.” Even so, the letter is reportedly short on details, particularly with respect to whether North Korea is willing to give up its nuclear weapons. As Trump’s North Korea policy continues to evolve, behavioral economics can help make sense of what he’s betting on.
A Heavy Toll: A new study finds that in 2016, opioids caused a fifth of all deaths among young American adults ages 24 to 35. The drug epidemic is one of the likely factors contributing to another trend: a significant increase in the number of kids in the U.S. being raised by their grandparents. In many cases, the circumstances that create these “grandfamilies” are tragic ones, and the situation can be challenging for everyone involved.