You may have heard that big things come in small packages. Now, tariffs do too. The "de minimis" tariff exemption for purchases less than $800 ends Friday. Parcels will then be subject to the tariff for whatever country from which they’re shipped. Plus, why Nvidia's quarterly results are a big deal and how a less independent Federal Reserve could affect the value of the U.S. dollar.
Marketplace All-in-One - President Trump’s 50% tariff on India kicks in
From the BBC World Service: It's a tough day for India. Most of its exports to the United States will now face a 50% tariff. It's a major shift between the two countries, which used to be partners, especially in tech and defense. We'll learn about the impacts. Plus, European carmakers are claiming that hitting the EU’s 2035 CO2 emissions targets is no longer realistic. Plus, a K-pop-themed musical has become the most-watched movie on Netflix.
Marketplace All-in-One - Automated application systems add insult to injury in a tough job market
Job growth in the economy has slowed, and the ranks of the long-term unemployed are growing. It makes the indignities of the modern hiring process even more frustrating for those in the market. Job-seekers are navigating a gauntlet of automated application systems set up to whittle down the hundreds — sometimes thousands — of applicants. Only for many to never hear from a human. Marketplace’s Meghan McCarty Carino has more from the front lines of algorithmic application hell.
Marketplace All-in-One - Can the president remove a Fed governor?
Late Monday, President Trump announced plans to remove Lisa Cook from the Federal Reserve Board of Governors over unproven allegations of mortgage fraud. The move is part of his months-long effort to reshape the central bank and pressure it to lower interest rates. But meddling with the Fed's independence could backfire. On today's show, we look at the implications of political interference at the Fed, from the bond market to the U.S. and global economies. Plus, how FEMA's elimination of hazard mitigation programs will affect the country.
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Marketplace All-in-One - Tariffs come for your morning cup of Joe
Americans drink some 450 million cups of coffee each day. Coffee beans from Brazil face a 50% U.S. import duty. And while President Donald Trump's tariffs aim to reshore American production and manufacturing, coffee beans can't really be grown around the U.S. We'll hear what sort of trouble's brewing for coffee sellers as a result. But first, we'll break down the attempted firing of one of America's central bankers.
Marketplace All-in-One - “The president has just made us a higher-risk country”
That's the conclusion of Karen Petrou at Federal Financial Analytics after President Donald Trump moved to fire Federal Reserve Governor Lisa Cook last evening. That follows unproven allegations of mortgage fraud. Whether or not the move is legal, it raises additional concerns over the independence of America's central bank and the dollar's role as the global reserve currency. And later: What's the relationship between the Fed's benchmark rate and mortgage rates?
Marketplace All-in-One - Postal services around the world hit pause on shipments to the U.S.
From the BBC World Service: Japan and Australia are among the latest countries suspending some postal deliveries to the United States. And it's all down to confusion over tariffs. President Donald Trump signed an executive order last month ending the global import tax exemption on small packages worth under $800 entering the U.S. duty-free, a change due to take effect on Friday. Also, Boeing and Korean Air have announced a deal worth $36 billion for over 100 planes.
Marketplace All-in-One - Denmark to end 400 years of letter delivery service
Across Europe, postal services are grappling with declining letter volumes, amid a rise in digitalization. In Demark, where the decline has been particularly steep, the publicly-owned national postal service, PostNord, is bringing an end to 400 years of letter deliveries, to focus solely on parcels from 2026. And while a private firm will step into the gap, letters are a shrinking business. So as digitalization grows, do letters have a future? The BBC’s Adrienne Murray reports from the Danish capital with more details.
Marketplace All-in-One - Who is fibbing about … the stock market?
Hi Million Bazillionaires. While we’re working on a brand-new season, we’ve got a special treat for you. Today, we’re sharing an episode from our friends over at “The Big Fib.” In this gameshow, a kid contestant will try to spot which adult expert is lying about … the stock market. What do you call the person who buys and sells stocks for a fee? How many stocks get sold in a day? Which stock is less risky to buy? Do you know the true answers to these questions? Play along and see if you can guess who is telling fibs and who’s telling the truth on “The Big Fib” gameshow. For more great shows for kids and families visit GZMshows.com.
Marketplace All-in-One - For every action, something can go sideways
President Trump's recent deal with Intel gives the U.S. government a 10% ownership stake in the company. But today, Intel responded with a regulatory filing, outlining all of the ways this deal could go sideways. We take a look at the unintended consequences of governments owning companies. Also on the show: why prices have been slow to rise in response to tariffs and what to expect from the fall retail season.
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Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.