We have a trade deal with Japan, right?

Make Me Smart

Marketplace

News, Business

4.6 • 5.4K Ratings

🗓️ 25 July 2025

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Earlier this week, President Trump announced a “massive” trade deal with Japan. But as Japanese officials clarify some of the terms, it’s not clear how concrete the deal actually is. We’ll explain. Also, some wealthy Democrats who stand to benefit from Trump’s tax cuts are rallying against them. Plus, we’ll play a round of Half Full/Half Empty!

Here’s everything we talked about today:

"Cracks widen in Japan and US’s interpretation of tariff trade deal" from The Financial Times
"Trump’s Tariffs Are Being Picked Up by Corporate America" from The Wall Street Journal
"Rich liberals do not want their big Trump tax cut" from The Washington Post
"AI has come for the fragrance industry" from Marketplace
"Want to pay down the national debt? The US government will take Venmo" from The Verge
"Meme stocks have staged a surprising return" from Marketplace
"Restaurants Are Trying to Tariff-Proof The Menu" from Eater

We love hearing from you. Leave us a voicemail at 508-U-B-SMART or email [email protected].

Transcript

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