Another Turn In Trump's Economic Policy

The NPR Politics Podcast

NPR

Politics, Daily News, News

4.5 • 24.9K Ratings

🗓️ 23 May 2025

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Trump announced plans to levy 50 percent tariffs on goods imported from the European Union, and on iPhones not made in the U.S., causing stock markets to tumble. We look at the impact of the president's shifting trade policies on the market.

Then, the challenges of bringing some manufacturing jobs to the U.S., and we bid farewell to a podcast stalwart.

This podcast: voting correspondent Miles Parks, chief economics correspondent Scott Horsley, senior political editor and correspondent Domenico Montanaro, and political correspondent Susan Davis.

This podcast was produced by Lexie Schapitl & Casey Morell, and edited by Casey Morell. Our executive producer is Muthoni Muturi.

Listen to every episode of the NPR Politics Podcast sponsor-free, unlock access to bonus episodes with more from the NPR Politics team, and support public media when you sign up for The NPR Politics Podcast+ at plus.npr.org/politics.

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Transcript

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0:00.0	Shortwave thinks of science as an invisible force, showing up in your everyday life.
0:07.8	Powering the food you eat, the medicine you use, the tech in your pocket.
0:12.7	Science is approachable because it's already part of your life.
0:17.2	Come explore these connections on the Shortwave podcast from NPR.
0:22.6	Hi, this is RM in Southern California.
0:26.2	I'm about to open a large envelope.
0:30.0	The return address says University of Southern Maine,
0:33.8	where I just graduated from the Stone Coast MFA Creative Writing Program.
0:49.3	There it is. My diploma. And all its colorographic glory.
1:05.3	This podcast was recorded at 12.38 p.m. on Friday, May 23rd, 2025. Things may have changed by the time you hear it, but I'll probably be revising my thesis novel to pitch to literary agents. Here's the show.
1:11.7	That's very dramatic. I bet his novel would be good.
1:16.0	Do they not give out degrees anymore in person, like when you walk?
1:20.0	I was really nervous, honestly, as he was opening it, I was like, oh, God, is it going to be a letter saying he's, like, missing one credit or something like that and has to, like,
1:23.4	go back?
1:23.9	I was like, oh, no.
1:25.0	Fun fact, I used to go to basketball camp at the University of Southern
1:27.6	Maine every summer when I was in high school. Yeah. Well, that's where you got your skills. Hey there. It's the
1:32.4	NPR Politics Podcast. I'm Miles Parks. I cover voting. I'm Domenico Montanaro, senior political editor and
1:38.0	correspondent. And NPR chief economics correspondent, Scott Horsley is here with us now. Hi, Scott. It's great to be with you all.
1:44.3	I think some schools withhold the diploma until you return your gown.
1:48.6	Oh. Scott knows everything. He really does. Yeah. Today, if we want to focus on something he also
1:55.0	knows a lot about, the economy, and the ever-changing messages from Washington that the markets and
	...

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