Oh, and you thought we were done with tariffs for a little while.

From Marketplace, I'm Sabri Benishore, in for David Brancaccio.

President Trump signed an executive order threatening new tariffs on imported medications.

They could be as high as 100%.

The president also overhauled how steel, aluminum, and copper

tariffs are collected. Marketplaces Novosafo has more. The new tariffs on patented drugs come with

lots of exceptions. Drug makers that reach pricing deals with the Trump administration or are at

minimum building manufacturing facilities in the U.S. can avoid the levies or pay only 20%.

Existing trade deals with countries, including the U.K., and those in the EU, mean lower tariffs for drug makers there.

As for the metal tariffs, changes are said to be focused on simplifying how they're collected and to combat cheating.

50% tariffs will be eliminated for products that contain small amounts of aluminum,

steel, or copper. They'll come down to 25% for most other products, such as household appliances,

but they'll now be assessed on the full value of the product, not just of the metal it contains.

In addition, the administration will now calculate levies on imports of the metals themselves

based on what they're worth in the U.S.

The White House says some importers have been gaming the system

with artificially low prices charged abroad.

I'm Nova Sopho for Marketplace.

Music low prices charged abroad. I'm Nova Softo for Marketplace. The economy added 178,000 new jobs in March.

The Bureau of Labor Statistics announced just a few minutes ago.

The unemployment rate took down a notch to 4.3%. Julia Cornado is on the line to talk about it.

She's founder of macro policy perspectives and a professor at UT Austin.

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