President Trump unveiled a series of new U.S. tariffs on Thursday, sending stock markets into turmoil.

Happening in the World: South Korea’s Constitutional Court voted unanimously to remove President Yoon Suk Yeol from office on Friday, ruling that he had abused his power by declaring martial law last December. The unprecedented decision follows Yoon’s brief but shocking attempt to seize control through military intervention, which he retracted just six hours later in the face of public and institutional resistance. (NYT)

Happening in the US: President Donald Trump unveiled a series of new U.S. tariffs on Thursday, sending global markets into turmoil. The S&P 500 plunged nearly 5% — its sharpest drop since June 2020. Trump dismissed the market reaction, claiming, “The markets are going to boom,” but economists warned of rising prices, slower hiring, and possible layoffs. Global leaders condemned the move. (NYT)

Happening in NYC: Two NYPD officers from the 50th Precinct have been suspended after allegedly leaving the scene of a fiery car crash in Inwood, Manhattan, without reporting it. Retired NYPD Chief of Detectives Robert Boyce called the officers’ inaction a “moral failure.” The crash, involving a reportedly stolen Honda CRV, occurred around 5 a.m. Wednesday after a pursuit from the Bronx. The Police Benevolent Association urged the public not to jump to conclusions, stating the officers were addressing crime conditions in the area. (NBC)

Happening in Our Community: On April 4, J. Doyne Farmer will discuss his new book Making Sense of Chaos, which calls for using complexity science to create more realistic economic models. He’ll be joined by Alma Steingart, a historian of science, and Michael Woodford, a leading macroeconomist, for a conversation on the implications of Farmer’s ideas for economics and finance. The discussion will be moderated by economist Suresh Naidu. Students can register here.

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