Marketplace All-in-One

• U.S. and China hit pause on tariff war

  For the next 90 days, the two countries will temporarily ease tariffs on each other’s goods as trade talks continue. But what does this deal mean for the broader economy? Marketplace's Kai Ryssdal sits down with Adam Posen from the Peterson Institute for International Economics to discuss the damage that's already been done. Also on the show, how soybean farmers feel about the latest trade deal and why Chinese manufacturers are trying to reach American consumers via TikTok.

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• What's inside the new GOP tax bill?

  House Republicans’ newly released tax plan includes trillions in tax breaks. But those tax cuts will come at a cost. We’ll get into it. And, Apple plans to raise iPhone prices but won’t point fingers at President Trump’s tariffs. We’ll unpack how all the tariff chaos could lead to elevated prices, no matter what they actually cost companies. Plus, sci-fi escapism and Pope Leo XIV’s love of baseball make us smile.Here’s everything we talked about today:"Exclusive | Apple Considers Raising iPhone Prices, Without Blaming Tariffs" from The Wall Street Journal "With China tariffs on hold, will Americans stop stockpiling goods?" from Marketplace "House GOP unleashes sweeping tax legislation" from Politico "House tax writers eye SALT deduction cap rejected by key lawmakers last week" from The Hill"Why Tolkien thought "sub-creation" was the secret to great fantasy and science fiction" from Big Think "Pope Leo asks fan 'Sox or Cubs?' as he signs a baseball" from The Chicago Sun-Times Got a question or comment for the hosts? Email [email protected] or leave us a voicemail at 508-U-B-SMART.

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• The U.S. and China reach 90-day tariff truce

  U.S. tariffs against China have been cut from 145% to 30% as part of a new 90-day trade deal. This is still higher than when President Donald Trump assumed office and could result in higher consumer prices and lower corporate profits. Also: Student loans follow some borrowers into retirement. The number of student borrowers over 62 rose by 59% from 2017 to 2023, and older borrowers are twice as likely to default than their younger peers.

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• How pre-tariff spending could affect household budgets down the line

  From Apple to Audi, consumer goods companies have been reporting rising sales as consumers splurge on what they need before tariffs hit their pocketbooks. But that preemptive spending could cost consumers later down the line. Also on the show: $500 billion worth of goods are at stake in the temporary trade deal between the U.S. and China, and Trump administration policies have complicated the economic outlook for tribal nations.

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• The U.S. and China strike a temporary tariffs deal

  From the BBC World Service: There's been a thaw in U.S.-China relations, with a 90-day deal to ease their escalating trade war. Both sides say they’ll cut tariffs by 115% — a big step, given that the U.S. was charging 145% on some Chinese goods. Plus, U.S. President Donald Trump will start his first foreign visit with a three-day Middle East tour this week. The economy will be high on the agenda.

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