Economics on Tap: Airport Edition

Make Me Smart

Marketplace

News, Business

4.6 • 5.4K Ratings

🗓️ 2 May 2025

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today’s episode, Kimberly joins "Economics on Tap" from the Toronto airport. We’ll unpack President Trump’s elimination of a tariff loophole known as the de minimus exemption that went into effect today, meaning low-cost shipments will no longer enter the United States tariff-free. Without it, Americans could start to feel some serious tariff pain. And, President Trump is renewing threats to revoke Harvard University’s tax-exempt status. Plus, we’ll play a round of Half Full/Half Empty.

Here’s everything we talked about today:

-"Trump's tariffs come for fast fashion, and the blowback could be fierce." from Politico

-"Harvard President Says Any Move to Revoke Tax-Exempt Status Would Be ‘Highly Illegal’" from The Wall Street Journal

-"Trump aims to cut $6 billion from NASA budget, shifting $1 billion to Mars-focused missions" from CNBC

-"Visit this store for a free iris scan to ‘prove’ you’re human, not AI" from The Washington Post

-"MoviePass’ Next Big Bet: A Fantasy Box Office App" from The Hollywood Reporter

-"A little retirement, as a treat" from Marketplace

Got a question for the hosts? Email [email protected] or leave us a voicemail at 508-U-B-SMART.

Transcript

Click on a timestamp to play from that location

0:00.0	Hey everybody, I'm Kyle Rousdal.
0:07.9	Welcome back to Make Me Smart, where we make the day make sense.
0:11.6	Hey, I'm Kimberly Adams.
0:12.8	I'm joining you all from the Toronto Airport.
0:15.4	This is Economics on Tap, our weekly happy hour.
0:18.4	And it is Friday, May the 2nd.
0:21.9	We made it through another week.
0:27.1	Has Marketplace bought you like a guest pass to an airport lounge in Toronto so that you're not sitting out there in the general assembly area? I have my own lounge access. Thank you very much.
0:34.5	You should have expensed it, yo. That's all I'm saying. Come on, man. You know I'm too boozy for that.
0:40.2	Well, that is true. That is true. You're a little bougie. All right. Anyway, we will do what we always do on a Friday. We'll do a little news in a game.
0:45.9	We will talk drinks. I will fess up here that I'm having water because I got to date with my wife later and showing up inebriated would be frowned upon shall we say you miss adams i have
0:56.6	some local canadian wine from the niagara region i have been drinking all sorts of canadian wines all
1:02.9	week and they're quite tasty very big and in fact canadian gin the other day if i could
1:08.4	let me i had a sip of Canadian gin.
1:11.7	I did indeed.
1:15.4	Carrotic gin is what it was called, and it was tasty.
1:16.6	Carotic gin.
1:18.9	Appropriate for me because gin is the devil.
1:20.3	Yeah, that's right.
1:26.8	All right, I'm going to take a very quick stroll through the chat.
1:27.7	Let's see.
1:30.8	There is Christopher Grouse here in Nevada,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.