Good evening. I'm Amna Nawaz. And I'm Jeff Bennett. On the news hour tonight, the global economy is stressed further as China hits back against the U.S. with more tariffs of its own.

The president removes more top national security officials drawing praise from far-right conspiracy theorist and Trump ally Laura Lumer.

And how one of the nation's preeminent art centers in Washington, D.C., has been pushed into the

larger partisan divide.

I think the example set at the county center will have a chilling effect on other organizations

all across the country.

Thank you. chilling effect on other organizations all across the country. Welcome to the News Hour.

Stocks were in free fall again today, ending the market's worst week in years as a trade war with China heated up over tariffs. The losses were widespread, with the Dow down 5.5% today. The NASDAQ dropped nearly 6% and has now entered bare market territory, meaning it's down at least 20% from its recent high.

And the benchmark S&P 500 dropped by nearly 6%.

That's more than 10% in the last two days alone.

It came in spite of a strong jobs report that came in much higher than expected,

228,000 new jobs last month.

The markets were focused on the escalating trade battles, dropping sharply after China

responded to President Trump's Wednesday tariffs with their own, 34 percent on all imported

U.S. goods.

Markets also fell after Federal Reserve Chair Jerome Powell said tariffs are expected to lead

to higher prices and

to weaken the economy.

Inflation is going to be moving up and growth is going to be slowing, but it isn't

really, to me, it's not clear at this time what the appropriate path for monetary policy

will be.

For more on the latest, I'm joined now by Justin Wolfers. He's Professor of Economics

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