From Apple to Audi, consumer goods companies have been reporting rising sales as consumers splurge on what they need before tariffs hit their pocketbooks. But that preemptive spending could cost consumers later down the line. Also on the show: $500 billion worth of goods are at stake in the temporary trade deal between the U.S. and China, and Trump administration policies have complicated the economic outlook for tribal nations.
Marketplace All-in-One - The U.S. and China strike a temporary tariffs deal
From the BBC World Service: There's been a thaw in U.S.-China relations, with a 90-day deal to ease their escalating trade war. Both sides say they’ll cut tariffs by 115% — a big step, given that the U.S. was charging 145% on some Chinese goods. Plus, U.S. President Donald Trump will start his first foreign visit with a three-day Middle East tour this week. The economy will be high on the agenda.
WSJ Minute Briefing - U.S. and China Agree to Significantly Cut Tariffs
Plus: Ukrainian president Volodymyr Zelensky says he wants to meet his Russian counterpart Vladimir Putin face-to-face later this week in Turkey. And pharma stocks fall after President Trump said he would sign an executive order aimed at lowering the cost of prescription drugs. Luke Vargas hosts.
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The Intelligence from The Economist - Duty falls: US and China reach a deal
Tariffs against China were the centrepiece of Donald Trump’s “Liberation Day” trade plans. Our correspondent explains the significance of a new 90-day hiatus. Will Ukraine and Russia come to the negotiating table this week (7:51)? Why new techniques to compress the contrast between loud and quiet music could be damaging our hearing (15:35). And help us improve the show by taking this survey.
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Up First from NPR - Trump In The Middle East, Hamas Hostage Release, Mulling Medicaid Cuts
President Trump chose Saudi Arabia - again - for the first state trip of his second term. What does that say about his foreign policy? Hamas says it will release the last living American hostage held in Gaza, Edan Alexander. And as Republicans look for massive budget cuts, what could happen to Medicaid?
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Today's episode of Up First was edited by Ryland Barton, Krishnadev Calamur, Carrie Kahn, Kelsey Snell, Ally Schweitzer and Alice Woelfle. It was produced by Ana Perez, Nia Dumas and Chris Thomas. We get engineering support from David Greenberg, and our technical director is Carleigh Strange.
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Want more comprehensive analysis of the most important news of the day, plus a little fun? Subscribe to the Up First newsletter.
Today's episode of Up First was edited by Ryland Barton, Krishnadev Calamur, Carrie Kahn, Kelsey Snell, Ally Schweitzer and Alice Woelfle. It was produced by Ana Perez, Nia Dumas and Chris Thomas. We get engineering support from David Greenberg, and our technical director is Carleigh Strange.
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy
WSJ What’s News - Stocks Surge as U.S. and China Slash Tariffs
A.M. Edition for May 12. Washington and Beijing take a major step toward thawing their trade conflict by agreeing to lower tariffs on each other’s goods by 115%. WSJ reporter Jason Douglas recaps the results of weekend talks and explains which issues the two sides still need to sort out. Plus, President Trump is expected to sign an executive order today tying U.S. drug prices to what other countries pay. And Ukrainian President Volodymyr Zelensky challenges Russian President Vladimir Putin to meet him for peace talks this week. Luke Vargas hosts.
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Ankara is the capital of Turkey. An earlier version of this podcast said Istanbul was the country’s capital. (Corrected on May 13)
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Headlines From The Times - Menendez Case Moves Forward, Paramount Gains, and the State Bar Fallout
The Menendez brothers take a major step toward a potential resentencing as legal fights escalate. California’s State Bar faces financial fallout after a failed exam rollout and controversial AI-generated questions. U.S. farmers begin to feel the pinch of Trump’s new tariffs, with equipment delays and profit losses hitting hard. Meanwhile, Paramount Global beats expectations, thanks to growth at Paramount+ and ongoing merger talks with Skydance.
Marketplace All-in-One - The rise of the “Splinternet”
There was a time not so long ago when it seemed like the most consequential conversations in our society were happening on social media. But as the digital commons spawned mobs, performative posturing and rage-baiting, a lot of those conversations went private. That's one takeaway from the recent Semafor report on the private group chats between tech titans, business leaders and public intellectuals. Marketplace’s Meghan McCarty Carino spoke with Amy Webb, founder and CEO of the Future Today Strategy Group, about the growth of what she calls the Splinternet.
Start the Week - History: private, personal and political
The cultural historian Tiffany Jenkins looks at the long history of the private life from Ancient Athens to the digital age. In her new book, Strangers and Intimates: The Rise and fall of the Private Life, she examines how our attitudes to the intimate and personal, have shifted over time. She argues that the challenge of big tech is simply the latest development that has seen our private lives increasingly exposed for public consumption. It is only through understanding the history of the very idea of the private life, that we might protect it.
Homework: A Memoir is Geoff Dyer's new book. In it he tells his own story, that of a boy growing up in a working class family in the 1960s and 1970s. He charts the transformative opportunities afforded by the post war settlement for an eleven year old boy who wins a place at a grammar school. Evoking deep personal memories, he explores the challenges of his childhood and teenage years in the mid twentieth century England.
Lanre Bakare is interested in the stories of the Black Britain we don’t often hear – the one that exists beyond London. In moving his focus outside the capital, he explores the economic and social unrest of 1970s and 1980s from very different perspectives. His new book, We Were There: How Black Culture, Resistance and Community Shaped Modern Britain suggests that we need to incorporate a broader range of the experiences of Black Britons into the fabric of our national story.
Producer: Ruth Watts
Start Here - Scoop: Qatar’s Luxury Jet Offer to Trump
Sources tell ABC News that the Trump administration is poised to accept a gift from Qatar, in the form of a luxury jet known as the “palace of the skies.” Pope Leo XIV calls for concessions in the Gaza Strip as part of his first papal homily. And technical glitches lead to even more delays at Newark Liberty International Airport.
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