What we're expecting

Marketplace

American Public Media

Business, News

4.6 • 8K Ratings

🗓️ 8 May 2025

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The latest consumer expectations report is out and Americans are feeling much worse about their own personal financial situations than they were in March. Their inflation expectations though, haven’t budged much. In this episode, we look at why that might be — and whether these surveys correlate to economic reality. Plus: tariffs dampen hobby splurgers’ spirits, labor productivity drops and we nibble on the U.S.-U.K. trade deal.

Transcript

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0:00.0	Attention to all early birds.
0:02.6	When you make a donation to Marketplace during the first two days of our May fundraiser,
0:06.8	it can make a huge impact.
0:08.4	The Investors Challenge Fund has issued us a challenge.
0:11.4	If we raise $25,000 in the first two days of this fundraiser,
0:15.4	we'll unlock another $25,000 from the Challenge Fund.
0:18.5	But we can't afford to fall short here.
0:20.6	So please step up and show your support today.
0:23.0	Give what you can at marketplace.org slash donate.
0:26.4	And thanks.
0:31.7	The theme of the day is no surprise, tariffs, because their fingerprints are all over the economy right now
0:41.0	from american public media this is marketplace in baltimore i'm amymy scott in for Kai Rizdal. It's Thursday, May 8th. Good to have you with us.
1:01.0	The scene in the Oval Office this morning was boisterous, as President Donald Trump and UK Prime Minister Keir Starmer on speakerphone announced a new trade deal between our two countries.
1:13.8	The United Kingdom is currently the U.S.'s 11th biggest trading partner, per the Census Bureau,
1:19.4	with $148 billion in total goods traded last year.
1:24.4	Today's agreement is the first such deal since the Trump administration imposed widespread
1:29.7	tariffs just over a month ago. And the president has promised many more deals to come.
1:35.5	Marketplace's Elizabeth Troval starts us off with what details we have.
1:40.3	UK automakers found relief in today's deal. Their tariffs will go down from 25% to 10% on the
1:47.2	first 100,000 vehicles exported to the US, according to today's announcement.
1:52.1	The US is a big customer of UK cars. So those 25 cent tariffs were a big concern.
1:57.6	Christopher Salmon runs the UK-based trade consultancy clear border. Tariffs on UK steel and
	...

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