President Donald Trump has announced a 90-day pause for countries hit by higher US tariffs, but a trade war with China has escalated. Also: Inuit people accuse adventurer of ignorance over Baffin Island trek claim.
At the heart of President Trump's tariffs is this idea that we should not be buying more from other countries than they are buying from us. Basically, he wants to get rid of the trade deficit.
And in the wake of the tariff announcement we got a LOT of questions from listeners about what that means. Do trade deficits matter? Is it bad to have a trade deficit? Are we getting ripped off?
Today on the show – we tackle those questions.
This episode of Planet Money was produced by Emma Peaslee and edited by Marianne McCune and Kenny Malone. It was fact checked by Sarah McClure and engineered by Kwesi Lee. Alex Goldmark is our executive producer.
John McWhorter joins to discuss his new book Pronoun Trouble, which unpacks the politics and poetry of tiny words. Also, Trump touts his tariff triumph by jabbing Canada, walloping China, and baffling Wall Street into bullishness. He riffed on trade deficits, finger amputations, immigration, mental ward discharge, and compared economic instinct to Indy car strategy. Markets cheered, economists jeered, and Trump took a victory lap after hitting the wall.
U-S markets surge after President Trump pauses most of the tariffs. Flooding in hard-hit Kentucky expected to continue for days. Health and Human Services Secretary Robert F. Kennedy, Jr. talks vaccines with CBS News. CBS News Correspondent Jennifer Keiper with tonight's World News Roundup.
After a week of market turmoil, President Trump announced he would reset his most extreme tariffs to 10 percent across the board, with the exception of China — which he boosted to a 125% tariff rate. Even at the reduced level, the tariff rates are the highest the nation has seen in many decades.
And higher tariffs translate to higher prices for American consumers. Martha Gimbel of the Budget Lab at Yale takes an imaginary walk through a big box store to look at how much more people might pay for t-shirts, rice, medication and other staples.
For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.
After a week of market turmoil, President Trump announced he would reset his most extreme tariffs to 10 percent across the board, with the exception of China — which he boosted to a 125% tariff rate. Even at the reduced level, the tariff rates are the highest the nation has seen in many decades.
And higher tariffs translate to higher prices for American consumers. Martha Gimbel of the Budget Lab at Yale takes an imaginary walk through a big box store to look at how much more people might pay for t-shirts, rice, medication and other staples.
For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.
After a week of market turmoil, President Trump announced he would reset his most extreme tariffs to 10 percent across the board, with the exception of China — which he boosted to a 125% tariff rate. Even at the reduced level, the tariff rates are the highest the nation has seen in many decades.
And higher tariffs translate to higher prices for American consumers. Martha Gimbel of the Budget Lab at Yale takes an imaginary walk through a big box store to look at how much more people might pay for t-shirts, rice, medication and other staples.
For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.
The auto industry is already reeling from President Donald Trump's new tariffs. They've only been in effect for about six days, but the response was immediate.
On the same day those tariffs went live, Stellantis temporarily paused production at plants in Canada and Mexico. The company also temporarily laid off 900 U.S. workers. And Volkswagen said it's planning to add an import fee to its sticker price.
According to financial analytics firm S&P Global, about half of car sales could be affected by these tariffs. Trump says auto tariffs will bring manufacturing and jobs back to the U.S.
We discuss how these new trade rules actually affect American production and your pocketbook, as part of our "How Did This Get Here?" series.
Michael Shannon is an Oscar-nominated actor, known for his movies like “The Shape of Water” and “Revolutionary Road,” and the TV show “Boardwalk Empire.” Now, he’s enjoying the view behind the camera as he makes his directorial debut in the new film “Eric Larue.” It tells the story of Janice, the mother of a teenage boy who shot and killed three of his classmates and how she tries to cope with the fallout, guilt and hostility.
Reset sits down with Michael Shannon and screenwriter Brett Neveu.