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Live from NPR News in Washington, I'm Windsor Johnston.

President Trump has signed an executive order imposing new tariffs on nearly 70 countries.

They're set to go into effect on August 7th.

Tariffs on imports from Canada are going up today from 25 to 35%. Mexico has 90 days

to strike a new deal. The president says the decision is a necessary step to protect American industries.

Well, they have to pay a fair rate. It's all. It's very simple. They have been charging very, very high

tariffs to our farmers, some over 200 percent, and they've been treating our farmers very badly.

They've been treating our country very badly for years. Critics of the President's tariff agenda

warned the move could drive up the cost of consumer goods.

The Commerce Department released data this week showing that prices for home furnishings and other

household goods jumped 1.3% in June, the largest gain since March of 2022.

President Trump is renewing his push to lower prescription drug prices aiming to match what other countries pay.

NPR Cindy Lubkin reports the White House has sent letters to 17 drug companies telling them to lower prices or else.

In May, President Trump signed an executive order to put pressure on drug companies to match

the lower prices paid in other developed countries. If the drug companies don't do it voluntarily,

he said he would take steps to ensure prices came down anyway. Now, he says companies

attempts to fix the problem with proposed policy changes, for example, aren't good enough.

That's according to the letters

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