Friday is President Donald Trump’s alleged tariff deadline, the day when dozens of countries either have to reach a new trade deal with the U.S. or face the possibility of sky-high duties on their imported goods. Even an island mostly inhabited by penguins won’t be spared from the president’s economic demands. And while Trump has announced deals with major trading partners like the European Union and Japan, there are still a ton of unanswered questions about what comes next — hell, even what’s happening now! To help us understand what’s going on, and what we can expect come August 1st, we spoke with Alex Jacquez, chief of policy and advocacy at the progressive think tank Groundwork Collaborative. He also served as an economic policy advisor for former President Joe Biden and Independent Vermont Sen. Bernie Sanders.

And in headlines, British Prime Minister Keir Starmer said the United Kingdom would recognize a Palestinian state in September if Israel doesn’t reach a ceasefire agreement with Hamas, the head of the Environmental Protection Agency announced plans to gut the agency’s own ability to regulate greenhouse gases, and a group of states sued the Trump administration over it’s demands for state data on food stamp recipients.

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