As the Trump administration heads into a weekend of trade talks with Chinese officials, the President is floating a new tariff rate on Chinese imports: 80%. While it’s much lower than the current tariff rate of 145%, it’s still far too high for many businesses. We’ll get into it. And, a recent legal win for Epic Games could shake up Apple’s App Store. Plus, we’ll weigh in on mass producing orchids and going cashless during a round of Half Full/Half Empty!Here’s everything we talked about today:"DOJ, FTC open inquiry into the concert industry" from The L.A. Times "Fortnite applies to launch on Apple's App Store after Epic Games court win" from CNBC "How Apple Created a Legal Mess When It Skirted Judge’s Ruling" from The New York Times "Ahead of China-US talks, Trump says 80% tariff 'seems right'" from Reuters"Revenge RTO: Workers are coming in late, leaving early and stealing snacks as they find small ways to get back at their bosses" from Fortune"Trump Revives Push for Higher Taxes on the Rich" from The New York Times"How the Exotic Orchid Became a Mass-Market Commodity" from The Wall Street Journal "The drawbacks of an increasingly cashless society" from MarketplaceStand up for Marketplace and public media during this critical time. Donate today: https://support.marketplace.org/smart-sn
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19:58
Uncertainty is the name of the game
This week, the Federal Reserve opted to leave short-term interest rates alone, despite concerns about the rising risks of a weakening U.S. economy. In this episode, we speak with Sudeep Reddy of Politico and Courtenay Brown of Axios about the Fed's latest decision and the current state of trade negotiations. Plus, why NOAA is retiring its billion-dollar disaster database and how New York City is moving to decarbonize its pension fund.
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26:16
For high-end consumers, revenge travel never really stopped
Most consumers are a lot more hesitant to book vacations these days. At least that's what travel companies are telling us — Marriot, Hilton, Hyatt and a slew of airlines all cut revenue expectations for 2025. But one segment of the market is expected to remain strong: luxury travel. We'll hear more. But first: the details of the U.S.-U.K. trade deal and the impact of Bill Gates giving away $200 billion by 2045.
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6:58
What's lost when we lose critical data?
The federal government will no longer track the cost of the most expensive disasters in the country. The National Oceanic and Atmospheric Administration will stop adding dollar damage tallies to its database of events that cause over $1 billion in damage. The move comes as billion-dollar disasters have become more frequent. Plus, as college-bound students look to decide where to go, we'll hear how colleges come up with the price of admission.
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7:09
Unpacking the details of the US-UK trade deal
From the BBC World Service: Yesterday, U.S. President Donald Trump unveiled an agreement that will reduce import taxes on some British cars and metals and open up the British market to some U.S. beef. Plus, China says its exports to the States fell by 21% in April compared to the previous year. And, the owner of Zara wants the EU to close a tax loophole that favors exporters of cheap goods into Europe.
Marketplace® is the leading business news program in the nation. We bring you clear explorations of how economic news affects you, through stories, conversations, newsworthy numbers and more. The Marketplace All-in-One podcast provides each episode of the public radio broadcast programs Marketplace, Marketplace Morning Report®and Marketplace Tech® along with our podcasts Make Me Smart, Corner Office and The Uncertain Hour. Visit marketplace.org for more. From American Public Media.
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