President Donald Trump has unveiled his latest tariffs, and they could have significant implications for your wallet. Trump’s sweeping new tariffs, on top of previous levies and retaliation worldwide, are expected to increases prices for everyday items. The trade wars have already roiled financial markets and plunged businesses into uncertainty — all while economists warn of potentially weakened economic growth and heightened inequality. Which impacts will be felt by consumers and workers first? And what can households do in the face of so much uncertainty? Here’s what you need to know: What are tariffs and how will they affect me? Tariffs are taxes on goods imported from other countries.

China announced Friday that it will impose a 34% tariff on imports of all U.S. products beginning April 10, part of a flurry of retaliatory measures following U.S. President Donald Trump’s “Liberation Day” slate of double-digit tariffs. The new tariff matches the rate of the U.S. “reciprocal” tariff of 34% on Chinese exports that Trump ordered this week. The Commerce Ministry in Beijing also said in a notice that it will impose more export controls on rare earths, which are materials used in high-tech products such as computer chips and electric vehicle batteries. Included in the list of minerals subject to controls was samarium and its compounds, which are used in aerospace manufacturing and the defense sector. Another element called gadolinium is used in MRI scans.

Britain and France on Friday accused Russian President Vladimir Putin of dragging his feet in ceasefire talks aimed at halting his country’s invasion of Ukraine and demanded a swift response from Moscow after weeks of U.S. efforts to secure a truce. A Russian drone attack late Thursday on Kharkiv, Ukraine’s second-largest city, killed five civilians and dramatized the diplomatic insistence on a ceasefire. Emergency crews carried black body bags from a burning apartment building as onlookers wept and hugged in the dark. Some of the 32 injured, bloodied and in shock, limped out into the street or were carried on stretchers as flames shot from the windows of their homes.

European NATO allies and Canada on Friday said they are willing to ramp up defense spending but are cool on American demands for the size of their military budgets, particularly given U.S. President Donald Trump’s readiness to draw closer to Russian leader Vladimir Putin. U.S. allies have spent billions of dollars more on defense since Putin ordered a full-scale invasion of Ukraine more than three years ago, but almost a third of them still don’t meet NATO’s target of at least 2% of their gross domestic product. Trump has said that U.S. allies should commit to spending at least 5%, but that would require investment at an unprecedented scale. According to NATO figures, the U.S. was projected to have spent 3.38% last year, the only ally whose spending has dropped over the last decade.

U.S. employers added a surprising 228,000 jobs last month, showing that the American labor market was in solid shape as President Donald Trump embarked on a risky trade war with the rest of the world. The unemployment rate ticked up to 4.2%. The hiring numbers were up from 117,000 in February and were nearly double the 130,000 that economists had expected. Labor Department revisions shaved 48,000 jobs off January and February payrolls. Workers’ average hourly earnings rose 0.3% from February, about what economists had expected. Compared to a year earlier, hourly pay was up 3.8%, a bit lower than the 4% that had been forecast and nearing the 3.5% year-over-year gains that are seen as consistent with the Federal Reserve’s 2% annual inflation target.

Countries and industries were scrambling Friday to respond as President Donald Trump’s latest tariffs hikes upend global trade and world markets. China took the toughest approach so far, responding to the 34% tariff imposed by the U.S. on imports from China by matching it with a 34% tariff on imports of all U.S. products beginning April 10. Trump was swift to criticize Beijing’s move. “China played it wrong, they panicked — the one things they cannot afford to do,” he wrote in a social media post, adding: “My policies will never change. This is a great time to get rich.” Countries were taking different approaches as they sought a way to deal with the potential disruption to trade and supply chains.

In a landmark display of coordination and partnership, the Miami-Dade Sheriff’s Office—under the leadership of Sheriff Rosie Cordero-Stutz—hosted its first-ever Pre-Passover security briefing, bringing together more than 160 members of law enforcement, elected officials, and Jewish community leaders from across South Florida. Speaking to YWN, Rabbi Mark Rosenberg, Senior Advisor and Chief Chaplain to the Sheriff, emphasized the significance of the meeting. “We’ve held holiday briefings for many years, but this was the first time the Miami-Dade Sheriff’s Office itself hosted it,” Rabbi Rosenberg said.

The Trump administration has fired Gen. Timothy Haugh, Director of the National Security Agency (NSA), and Wendy Noble, the agency’s civilian Deputy Director. A senior defense official confirmed the dismissals to Fox News early Friday, though the reasons behind the firings remain unclear. Haugh, who also served as the head of U.S. Cyber Command, was dismissed from that position as well. Noble has reportedly been reassigned to the office of the Undersecretary of Defense for Intelligence, according to The Washington Post, which first broke the news Thursday evening. Rep.

The Petah Tikva Magistrate’s Court on Friday ordered two close associates of Prime Minister Benjamin Netanyahu—Jonathan Urich, a senior adviser, and Eli Feldstein, a former spokesperson—to be released to house arrest until April 22, rejecting a police request to extend their detention by an additional seven days. The hearing was part of the ongoing investigation into the so-called “Qatargate” affair, in which the two are suspected of acting on behalf of the Qatari government while serving in senior advisory roles to the prime minister. During the proceedings, attorney Amit Hadad accused the police of employing an unlawful interrogation tactic against the defendants.