Steep new tariffs are set to take effect at midnight on nearly everything the U.S. imports. Big businesses are losing market value and small businesses feel like they're caught in the middle of something they can't control. And, a number of National Security Council staffers have been fired after President Trump met with a far-right activist.

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Today's episode of Up First was edited by Pallavi Gogoi, Lisa Thomson and Alice Woelfle.
It was produced by Ziad Buchh, Nia Dumas and Christopher Thomas.
We get engineering support from Damian Herring. Our technical director is Carleigh Strange and our Executive Producer is Jay Shaylor.

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