Plus: U.S. set to host the 2031 Women's World Cup ⚽

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Good afternoon,

The United States has effectively won its bid to host the 2031 FIFA Women’s World Cup! Which, to be fair, wasn’t a huge feat given it was the only bid for the 2031 games 🙃

The U.S. has hosted the tournament twice before, in 1999 (when the U.S. Women’s National Team won in an iconic nail-biter against China) and 2003.
U.S. Soccer submitted the 2031 bid alongside the Mexican Soccer Federation, with other Central American and Caribbean countries potentially joining. There have been talks about potential games in Costa Rica and Jamaica – both of which have big soccer (err, football?) followings.

I was in Paris during the Women’s World Cup in 2019 when the USWNT won. Hands down, one of the best sporting events I’ve ever been to. Rest assured I will be buying tickets to the U.S. version in 2031 the moment they go on sale.

But first, Brazil hosts the 2027 women’s tournament. GO USA!

Sari
Senior Producer

🚰 An Easy Way To Stay Hydrated

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Members of the Mo News community can get a free 8-count LMNT Sample Pack with any purchase if you order through DrinkLMNT.com/MoNews.

🚨 ONE IMPORTANT THING

Tariffs Send Wall Street Tumbling To Worst Day Since 2020, Trump Says Rollout Is Going Well

President Donald Trump on Thursday said he thinks his '“Liberation Day” tariff rollout is "going very well," despite today marking the worst day on the stock market in five years. Meanwhile, his sweeping 10% tariffs across more than 100 countries – with additional reciprocal tariffs on 60 countries – continue to raise concerns about a global trade war leading into a global recession.

Just hours later on Thursday, Trump acknowledged the huge economic hit, telling reporters on Air Force One that he would be open to tariff negotiations, only if countries offer something “phenomenal” — contradicting other administration officials insisting that tariffs are non-negotiable and permanent.

WALL STREET WOES
Wednesday’s tariff announcements sparked the biggest sell-off on Wall Street since the early days of the pandemic. By the closing bell on Thursday, the Dow Jones Industrial Average was down 4%, the S&P 500 dropped 5%, and the Nasdaq 6% — wiping out trillions of dollars in value.

Among the hardest hit were companies that produce shoes and clothing in countries affected by the highest tariffs. That includes Target, Nike, Wayfair, American Eagle, and Ugg, which all hit 52-week lows. More than 95% of shoes sold in America are made abroad — most in China and Vietnam, which were hit by 54% and 46% tariffs, respectively.

MAIN STREET MALAISE
According to the nonpartisan Tax Foundation, the new tariffs will cost the average American household $2,100 more annually for goods. It’s worth noting that the products most impacted by these tariffs will be cheap goods made abroad, which could mean the poorest Americans will suffer the most.

Most clothing and shoes sold in stores like Walmart and Target are made in China, Vietnam, and Bangladesh, which were all slapped with tariffs over 30%.
China is the largest furniture exporter worldwide, and the U.S. relies on it for up to 40% of its furniture supply.
More than 99% of coffee sold in the U.S. comes from abroad – with 80% of that coming from Latin America. The U.S. drinks more coffee than any country in the world, despite only growing a small amount in Hawaii.

TRUMP ADMINISTRATION WEIGHS IN
Vice President JD Vance said Thursday he isn’t going to “shy away” from the short-term pain the tariffs could potentially have on Americans — but insisted the U.S. economy needed a “big change.”

“We know people are struggling, we’re fighting as quickly as we can to fix what was left to us, but it’s not going to happen immediately,” he told Fox News.

Trump’s Treasury Secretary Scott Bessent told CNN that the cost to American consumers is up to American businesses and producers abroad.

“In President Trump’s first administration, prices didn’t go up. So the businesses don’t have to pass them on, or the producers in the other countries can eat the tariffs,” Bessent, a former hedge fund investor worth several hundred million dollars, said.

But business owners in the Mo News community say these levies are more than they can handle. Here are a few of their messages.

*Instagram messages from Mo News followers.*

FACING UNCERTAINTY
Many business owners told Mo News that they don’t have large enough margins to eat the cost of the tariffs, and that customers won’t pay higher prices for their products. Others expressed fear that their companies won’t be able to survive.

One Mo News community member, Emily Ley, owns a company that makes planners manufactured in China. She said she tried sourcing her products in the U.S. more than a decade ago, but it was prohibitively expensive. “We've spent so much time and energy trying to find options in the United States, trying to find options in other countries,” Ley said. “There just isn't the infrastructure for it. We don't have any other options.”
Erica Campbell, owner of Be A Heart, which produces Jesus rattle dolls, pajamas, and band-aids, also relies on factories in China. She told Mo News that, with the tariffs on China, “not only will we bring in less, but the cost of everything is going to be increasing.”
- See below for Campbell’s explanation of how her costs to make a pair of pajamas will go from $12.50 to $19, and what that could mean for customers — and her ability to sell anything at all.

MEANWHILE, ON CAPITOL HILL
Lawmakers on both sides acknowledge that tariffs can be used effectively, such as to negotiate better trade deals or encourage domestic investment. But a number of Republicans have been critical of Trump’s unilateral moves, without much explanation (although, here’s the math, if you’re interested.)

Republican Sen. Chuck Grassley (Iowa) joined Democratic Sen. Maria Cantwell (Washington) — senior lawmakers on the Senate Finance Committee — to introduce legislation seeking to rein in Trump’s ability to impose tariffs.

If passed, Trump would need to notify Congress on new tariffs with an explanation of the rationale and an analysis on potential impacts. Then, Congress would have 60 days to approve the plan or the tariffs would expire.

A different type of response: And then there’s Sen. John Kennedy’s (R-LA) take comparing tariffs to whiskey. (Just trust us — you want to watch this one.)

⏳ SPEED READ

🚨NATION

📌 Trump administration gives states 10 days to certify they've ended DEI in schools (USA TODAY)

📌 Potentially Catastrophic Flooding From Historic Rainfall And Severe Weather Expected In Mid-South, Ohio Valley (WEATHER)

📌 Adams to skip New York City’s Democratic primary, run for reelection on nonpartisan line (POLITICO)

🌎 AROUND THE WORLD

📌 Trump's tariffs target Heard Island and McDonald Islands, Australian territory inhabited by penguins (CBS)

📌 US bans government personnel in China from romantic or sexual relations with Chinese citizens (AP)

📌 Hungary says it will pull out of ICC as Orban hosts Israel’s Netanyahu – who is wanted by the court (CNN)

📌 Myanmar earthquake death toll tops 3,000 with hundreds still missing (ABC)

📱BUSINESS, SCIENCE & TECH

📌 900 employees, including workers at Warren and Sterling Heights plants, temporarily laid off by Stellantis (WXYZ)

📌 Ford offers employee pricing to all car shoppers as new auto tariffs kick in (MO NEWS)

📌 RFK Jr. plans to reinstate some federal workers, programs (WSJ)

🎬 SPORTS & ENTERTAINMENT

📌 Brett Gardner's son died from carbon monoxide poisoning, Costa Rica authorities say (ABC)

📌 'Real Housewives' star Teddi Mellencamp has four more brain tumors (FOX)

📌 Bruce Springsteen to open vault, release 7 albums of never-before-heard songs (NBC)

📌 ‘White Lotus’ composer says he quit show after dispute over theme song (GUARDIAN)

ICYMI FROM THE 📲

In case you missed it… Travis Kelce met his newborn niece Finn, who was born on March 30, during the taping of their podcast. He said that, previously, his brother had only sent one picture of the baby… we want more!