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 makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.