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In response to the SCOTUS decision overturning most of President Trump’s tariffs, the White House announced a new, sweeping tariff of 15% worldwide over the weekend. In this episode, the limitations of this new policy, how businesses are feeling about it, and whether consumers might expect to see tariff refunds someday. Plus: Workers stick to the jobs they have, U.S. battery demand grows, and a new tax deduction could boost auto sales.
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Following Friday’s Supreme Court decision striking down a number of President Trump’s tariffs, the administration is moving to impose a global 15% tariff, with some exceptions for countries like Canada and Mexico. The tariffs, which are being levied temporarily under a statutory authority known as Section 122, will bring the average effective tariff rate to 13.7%, according to the Yale Budget Lab. Also on the program: Spain’s new plan to bolster its workforce by granting legal status to migrants living in the country illegally.
On Friday, the Supreme Court struck down President Trump’s sweeping “retaliatory” tariffs, ruling that he doesn’t have the authority to impose them under the International Emergency Economic Powers Act. Many of the administration’s tariffs, however, remain intact, and President Trump has announced a new 15% global tariff following the decision. We discuss what that means companies, consumers, and the U.S.’s global trading partners. Plus, new analysis from the CATO Institute finds that the presence of immigrants helps to ease the federal budget deficit.
From the BBC World Service: Governments around the world are scrambling to react to President Trump’s decision to impose a sweeping 15% tariff on all imports to the United States. It follows Friday’s Supreme Court judgment that ruled the President had exceeded his authority when he imposed tariffs using a law reserved for national emergencies. And we’ll visit Spain, where the government recently announced plans to legalize around half a million undocumented migrants in a move designed to boost the country’s workforce in economic sectors that have struggled to recruit. Spain’s economy has been outstripping its European Union partners and the government wants to keep momentum going.
Thanks to AI coding agents, basically anyone can program their own software without much technical knowledge. But lowering the barrier to sophisticated web design is also opening the door to more scams. Marketplace’s Meghan McCarty Carino experienced the effects firsthand.
“Building Tomorrow” is a special collaboration between Marketplace and This Old House Radio Hour that asks a simple but urgent question: How do we build homes that can last the next hundred years?
From wildfire rebuilds to factory-built housing, this hour explores how new materials, new methods, and new ideas about community are reshaping the future of housing in America. Hosted by Jenn Largesse and Marketplace’s David Brancaccio, the episode blends reporting, lived experience, and hard science to show what’s possible right now.
In this episode, you’ll learn about:
Note: In the segment featuring Aloe Blacc's prefabricated home, the exterior is made of cement fiber, but the interior is not. The home's fire resilience comes from a combination of steel framing, fiber cement siding, and triple-pane windows.