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  Job losses
  But what about the impact of tariffs on job creation? Surprisingly, an increase in import taxes has been found to result in slightly more unemployment across countries.
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  An example provided by Irwin at Dartmouth College points to one plausible explanation — and it has to do with the steeper cost of imported goods.
  
  “A number of studies have shown, on net, we lost jobs from the (2018) steel tariffs rather than gained jobs because there are more people employed in the downstream user industries than in the steel industry itself,” he said.
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  A study by the Federal Reserve Board found that a rise in input costs resulting from US tariff hikes in 2018-19 led to job losses in American manufacturing. The damage from those higher expenses was compounded by retaliatory taxes on US exports, more than offsetting a small boost to manufacturing employment from US tariffs — at least so far, the 2024 paper said.
  
  Retaliation by other countries is indeed another danger of pulling the tariff lever. Higher tariffs on American exports would typically raise their prices for foreign consumers, hitting demand for the goods in many cases.
  
  When Trump announced new tariffs this year, America’s major trading partners were quick to strike back with their own levies, although the US then agreed a temporary truce with China and the European Union.
  
  Costs of free trade
  While economists generally agree that free trade has benefited the global economy in recent decades, they acknowledge that it comes with certain costs.
  
  One is the loss of jobs in communities that are particularly exposed to new competition from foreign manufacturers.
  
  That is similar to the impact of technological progress on workers. “Manufacturing jobs as a share of the labor force have come down everywhere. It isn’t a US-specific story,” said Gimber at JPMorgan Asset Management, pointing to automation.
  
  He drew a parallel between helping workers affected by higher imports and what is known as a just transition — the idea that the drastic changes needed to move toward a greener economy should be fair to everyone and minimize harm to workers and communities.
  
  In both cases, providing workers in impacted industries with new skills or retraining them could be key, Gimber said.
  
  Another potential cost of free trade is dependency on far-flung manufacturers. That took on new relevance during the pandemic, which snarled global supply chains, contributing to shortages of products such as face masks and respirators in the US and elsewhere.
  
  However, economists do not typically see tariffs as a good way to build up domestic manufacturing, Fatas at INSEAD said, noting that subsidies for specific industries are viewed as a better tool “because they work more directly.”
  
  But perhaps the strongest argument in favor of free trade is its importance to maintaining peace between nations.
  
  As Gimber’s colleague David Kelly noted in March, closer trade relations give countries more to lose in any conflict.
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• Comment Link Sunday, 03 August 2025 00:31 WilliamMaype

  According to Cook, having multiple meteor showers occur at the same time is a common phenomenon. “For example, during the Perseids, you have the remnants of the Southern Delta Aquariids going on,” he said.
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  Right now, the Alpha Capricornids, the Southern Delta Aquariids and Perseids are all active and while the Perseids is not at its peak , you might still see some of its meteors this week. There’s also the possibility of seeing 10 to 12 meteors that aren’t associated with any of these showers, according to Lunsford.
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  Both the Alpha Capricornids and Southern Delta Aquariids become visible annually when Earth passes through debris fields left by two Jupiter-family comets: 169P/NEAT (Alpha Capricornids) and P2008/Y12 (Southern Delta Aquariids). Cook also noted that, each year, “we’re passing closer to the core of the material that produces (the Alpha Capricornids) shower and in 200 years, it’ll be the strongest shower that’s visible from Earth. It’ll actually produce more than 1,000 (meteor streaks) an hour, which is quite a bit stronger than it is now.”
  
  For those interested in contributing to astronomers’ understanding of meteors, this week presents the perfect opportunity to count how many meteors you see in the night sky and report them to places like the American Meteor Society.
  
  Upcoming Meteor Showers
  Here are the other meteor showers to anticipate in 2025 and their peak dates, according to the American Meteor Society and EarthSky.
  
  Perseids: August 12-13
  Draconids: October 8-9
  Orionids: October 22-23
  Southern Taurids: November 3-4
  Northern Taurids: November 8-9
  Leonids: November 16-17
  Geminids: December 12-13
  Ursids: December 21-22
  Related article
  Lunar and solar eclipses in 2025
  Two eclipse events will occur as summer ends.
  
  A total lunar eclipse will be visible in Europe, Asia, Australia, Africa, parts of eastern South America, Alaska and Antarctica on September 7 and 8, according to Time and Date.
  
  A lunar eclipse occurs when Earth passes exactly between the sun and the moon, throwing the latter into shadow and making it appear darker or dimmed.
  
  When the moon sits in the darkest part of Earth’s shadow, the sun’s rays bend around Earth and refract light on the moon’s surface, which gives it a reddish hue, according to London’s Natural History Museum. Some people call the result a “blood moon.”
  
  Two weeks after the total lunar eclipse, a partial solar eclipse will be visible in parts of Australia, the Atlantic, the Pacific and Antarctica on September 21.
  
  Solar eclipses occur when the moon moves between the sun and Earth, blocking part of the sun’s surface from view, according to NASA. This creates a crescent shape — as if something took a “bite” out of the sun.
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