Category: 4-FrequentNewsStreams

Under the new agreement, American consumers will now face a 15% tax on Japanese imports — a major jump from the 1.5% rate set back in 2019. The White House says making imports more expensive will encourage more domestic production. But these tariffs could have the opposite effect when it comes to getting manufacturing back on American shores. Also on the show: AI infiltrates the perfume industry. But first, how a weak U.S. dollar is boosting earnings, and why companies are quiet about it.

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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.

President Trump announced a trade deal with Japan that will impose 15% tariffs on imports. Wall Street is happy, but it could put the United States in an awkward position as the Trump administration continues to seek other deals. Sabri Ben-Achour explains. Also, the federal government is leading a major deregulatory crusade. And they want your input. Plus, quilts and blooming plants make us smile.

Here’s everything we talked about today:

• "Trump's Labor Department proposes more than 60 rule changes in a push to deregulate workplaces" from AP News
• "Trump Strikes Deal With Ally Japan Setting Tariff Rate at 15%" from Bloomberg

• Listener Jen’s quilting Instagram

  
  

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Later today, we'll get sales, profits, losses, and hints of the road ahead from Tesla. But its boss, Elon Musk, has had a lot to juggle as of late: Tesla, government cost-cutting, X, SpaceX, xAI, and now maybe even a new political party. We'll discuss what all of these various priorities mean for Musk, Tesla, and Tesla's shareholders. And later on the program: Could prefab homes help alleviate the housing crisis?

At an artificial intelligence summit in Washington today, we'll learn more about the Trump administration's plans for guardrails to keep a potentially dangerous technology in line. Other topics likely to be addressed include the federal government's use of AI, energy-hungry data centers, loosened export controls on AI chips, and what the administration perceives as anti-conservative bias in tech. Also: what to make of Trump's trade deal with Japan, and what to expect from Tesla's Q2 results.

From the BBC World Service: President Donald Trump has announced a deal with the world's fourth-largest economy. After weeks of tense negotiations, the U.S. will cut its import tax on Japanese cars and parts from 25% to 15%. The U.S., in return, will get $550 billion of investment from Japan. Plus, two former bank traders in the U.K. who allegedly manipulated interest rates have had their convictions overturned, and locals in Spain's Andalusia region are celebrating Sherry with a special competition.

The Damen Silos in McKinley Park on Chicago’s Southwest side serve as a visual reminder of the city’s history as an agrarian trading center. But the process to demolish the silos is now underway. Reset speaks with Kate Eakin, executive director of McKinley Park Development Council, and Chicago journalist Robert Loerzel about the role the silos played in early 20th-century Chicago and what lies ahead for the site and the surrounding neighborhood. For a full archive of Reset interviews, head over to wbez.org/reset.

ProPublica has recently discovered blueprints for an automated computer program that could potentially share millions of IRS taxpayer records with ICE, as the Trump administration continues to step up deportations and criminal investigations. When Marketplace asked for comment about the system uncovered by ProPublica, a senior DHS official cited a recent memorandum of understanding that allowed for the sharing of specific taxpayer info with appropriate safeguards and said descriptions of this system as "surveillance" were "absurd."

Marketplace’s Meghan McCarty Carino spoke with William Turton, one of the reporters on the ProPublica investigation, about how exactly this program would work.

In our news wrap Tuesday, the UN human rights office says Israeli forces have killed more than 1,000 Gazans seeking aid since May, the Trump administration is citing an alleged anti-Israel bias in its decision to again withdraw from UNESCO, the Labor Department proposed rollbacks to workplace regulations and GM posted a 35% drop in quarterly profit dragged down by the impact of tariffs. PBS News is supported by - https://www.pbs.org/newshour/about/funders

President Trump says he reached a trade agreement with the Philippines following a White House visit by its president. The U.S., the Philippines and other Asian allies are increasing their cooperation to counter China, but these partners are also being targeted by U.S. trade policies. Nick Schifrin discussed more with Randall Schriver and Lyle Goldstein. PBS News is supported by - https://www.pbs.org/newshour/about/funders

"Marketplace" host Kai Ryssdal speaks with Greg Ip at the Wall Street Journal about growing threats to the Federal Reserve's independence — and why it matters not just for the U.S. economy, but for financial markets around the world. Plus, why investors are chasing riskier bets, how Subway plans to revive flagging sales and what one city is doing to help robotaxis navigate around emergency vehicles.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

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.