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Marketplace Morning Report

When tariff uncertainty means nixed retirement plans

Marketplace Morning Report

Marketplace

News, Business

4.5927 Ratings

🗓️ 28 April 2026

⏱️ 7 minutes

🧾️ Download transcript

Summary

We've talked a lot about the rollercoaster of tariffs. But behind every economic story is a human one, too. This morning, we check in with Joann Cartiglia, who runs a toy and doll shop in upstate New York. She's looking at around $15,000 in tariff refunds. Still, uncertainty, precarity, and debt have put her in "the scariest financial situation" of her life and mean that retirement has “been kind of taken off the table.” But before that conversation: a Federal Reserve meeting and a royal visit with the president.

Transcript

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0:00.0

Right now we are living through some of the most tumultuous political times our country has ever known.

0:06.9

I'm David Remnick, and each week on the New Yorker Radio Hour, I'll try to make sense of what's happening,

0:12.1

alongside politicians and thinkers like Cory Booker, Nancy Pelosi, Liz Cheney, Tim Walts,

0:17.6

Katanji Brown Jackson, Newt Gingrich, Robert F. Kennedy, Jr., Charlemagne the God, and so many more.

0:24.6

That's all in the New Yorker Radio Hour, wherever you listen to podcasts.

0:31.3

Reading between the lines of a royal visit.

0:35.1

From Marketplace, I'm Sabri Beneshore.

0:39.1

The Britons, King Charles, and Queen Camilla are in Washington today. The visit includes a meeting between the King and President

0:43.9

Trump and the whole thing's meant to mark the 250th anniversary of the U.S.'s founding. But there

0:49.4

are tensions beneath the surface, including over tariffs. Marketplaces, Nancy Marshall-Gensar

0:54.1

reports.

0:55.0

President Trump has threatened to impose a big tariff on Britain if it doesn't drop a 2% digital

1:01.1

services tax. The tax applies to any business that provides a social media service,

1:06.8

search engine, or online marketplace to users in the UK that meets a revenue threshold.

1:12.8

U.S. tech giants ended up paying the tax.

1:15.4

Britain's revenue and customs department says there's a misalignment between where profits are

1:20.2

earned and taxed.

1:21.9

But Trump says the tax targets U.S. tech companies.

1:25.0

The president told Reuters he will bring up the tax in his meeting

1:28.4

with King Charles, adding, quote, I'm going to talk about everything. The British Prime Minister's

1:33.5

office says it's not going to scrap the tax. I'm Nancy Marshall Genser for Marketplace.

1:39.4

The Federal Reserve begins two days of meetings today to figure out what, if anything, to do with

...

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