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NPR Topics: Business
Jun 14, 2025

NPR Topics: Business
Find the latest business news with reports on Wall Street, interest rates, banking, companies, and U.S. and world financial markets. Subscribe to the Business Story of the Day podcast.

NPR Topics: Business
Jun 13, 2025

Why I joined DOGE
What was it like to work inside Elon Musk's DOGE? The cost-cutting initiative promised transparency, but most of its actions have been shrouded in secrecy.

For months, there were reports of software engineers and Trump loyalists entering agencies and accessing sensitive data. DOGE also helped the Trump administration lay off thousands of government workers. NPR reporters have been trying for months to get anyone from DOGE to talk on the record. Now, Sahil Lavingia, a former DOGE staffer assigned to the Department of Veteran Affairs, is speaking.

Today, what drew Sahil to DOGE and what he learned about the inner workings, in a way we've never heard before.

For more on DOGE and the federal workforce:
- The last time we shrank the federal workforce
- Can... we still trust the monthly jobs report?
- Can the Federal Reserve stay independent?

This episode was hosted by Kenny Malone and Bobby Allyn. It was produced by Sam Yellowhorse Kesler and Emma Peaslee. It was edited by Jess Jiang and fact-checked by Sierra Juarez. It was engineered by Neal Rauch. Alex Goldmark is Planet Money's executive producer.

Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.

Listen free at these links: Apple Podcasts, Spotify, the NPR app or

NPR Topics: Business
Jun 13, 2025

'Buy now, pay later:' a replacement for the millennial lifestyle subsidy?
The cheap convenience of the "millennial lifestyle subsidy" has gone - does "buy now, pay later" fill in the gaps?

NPR Topics: Business
Jun 13, 2025

Oil prices jump and stocks tumble following Israel's attack on Iran
Israel's attack on Iran sparked the biggest jump in crude oil prices since Russia's invasion of Ukraine more than three years ago. Stocks fell sharply.

NPR Topics: Business
Jun 13, 2025

Trump's parade, FEMA phase out, and Warner Bros. Discovery divorces ... itself?
It's ... Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news.

On today's episode: the monetary cost of Trump's military parade, looks like FEMA could be phased out, and another change to Warner Bros. Discovery.

Related episodes:
Coyote vs. Warner Bros. Discovery (Apple / Spotify)
Gilded Age 2.0? (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

NPR Topics: Business
Jun 13, 2025

Asian shares slide while oil prices surge after Israel's strike on Iran
Markets in Asia opened lower early Friday while oil prices surged after Israel attacked Iran's capital amid the ramping up tensions over Tehran's rapidly advancing nuclear program.

NPR Topics: Business
Jun 12, 2025

The U.S. will tax tomatoes from Mexico. It could mean higher prices for consumers
On July 14, the U.S. is set to impose a 21 percent anti-dumping duty on fresh tomatoes imported from Mexico, and the U.S. food industry fears that prices at grocery stores and restaurants will go up.

NPR Topics: Business
Jun 12, 2025

What led the Boeing 787 Dreamliner to crash in India with 242 people aboard?
"It just appears to me that the airplane is unable to climb," former NTSB investigator Jeff Guzzetti tells NPR. Several explanations could account for that, the aviation expert says.

NPR Topics: Business
Jun 12, 2025

Why there's an unexpected surge in people claiming Social Security
Some early filers say worries about the future under the Trump administration moved up their timelines.

NPR Topics: Business
Jun 12, 2025

Public media funding up in the air as House prepares to vote on claw backs
The U.S. House plans to vote Thursday on a rescission bill that would claw back two years of funding for the public media system.

NPR Topics: Business
Jun 12, 2025

House votes to claw back $1.1 billion from public media
The U.S. House voted Thursday on a rescission bill to claw back money for foreign aid programs, along with two years of funding for the public media system. The measure now goes to the Senate.

NPR Topics: Business
Jun 12, 2025

House votes to kill funding for public media
The U.S. House voted Thursday on a rescission bill to claw back money for foreign aid programs, along with the next two years of funding for the public media system. The measure now goes to the Senate.

NPR Topics: Business
Jun 12, 2025

She served the American people for 35 years. Now her retirement income is on the line
As part of Trump's "Big, Beautiful Bill," the House voted to end a retirement supplement aimed at helping federal employees who retire before they're 62.

NPR Topics: Business
Jun 12, 2025

The hidden costs of healthcare churn
Healthcare churn—when people switch insurance plans—is particularly bad in the US.

In today's episode, why Americans switch healthcare plans so much, and how that can cost a lot in money ... and in health.

Related episode:
How doctors helped tank universal health care (Apple / Spotify)
Healthcare And Economic Despair

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

NPR Topics: Business
Jun 11, 2025

Are Trump's tariffs legal?
When President Trump announced his sweeping new tariffs this year, many trade law experts were startled. Typically, presidents don't have the authority to impose broad tariffs with a snap of their fingers.

But Trump's advisors have an unusual new legal theory. They say that as long as there's a national emergency of some kind, Trump may be able to create whatever tariffs he wants. This is a creative interpretation of a 1977 law called the International Emergency Economic Powers Act, or IEEPA. To justify his latest tariffs, the president declared national emergencies involving illegal immigration, the fentanyl crisis, and the trade deficit.

But no president has ever tried to use the law in this way.

Now, the fate of Trump's tariffs — and the creative legal theory behind them — lies with the courts. About a dozen lawsuits have challenged his tariffs, claiming that they are unlawful and possibly even unconstitutional. And some judges have started to agree.

On today's show: What are the President's powers when it comes to tariffs? Where do they come from? What are their limits? And, what will be the fate of Trump's tariffs?

For more on Trump's tariffs:
- The 145% tariff already did its damage
- Do trade deficits matter?
- What "Made in China" actually means

Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.

Help support Planet Money and hear our bonus episodes by subscribin

NPR Topics: Business
Jun 11, 2025

Supreme Court press corps asks chief justice to live-stream court's opinions
The press corps' letter was sent to the chief justice a year ago, but there has been no response.

NPR Topics: Business
Jun 11, 2025

Inflation is holding steady as Trump's tariffs have yet to fully hit
Consumer prices in May were up 2.4% from a year ago, but inflation eased on a monthly basis, according to the latest figures from the Labor Department

NPR Topics: Business
Jun 11, 2025

Protecting your home from disaster might not help you get insurance
Insurance costs are soaring, and coverage is hard to find in some parts of the United States. Communities say insurers are ignoring their efforts to confront the problem.

NPR Topics: Business
Jun 11, 2025

Immigration crackdowns pose problems to businesses reliant on those in U.S. illegally
Trump's immigration crackdown is driving some people out of the country and others underground. That poses a challenge for businesses that have relied on workers who are in the U.S. illegally.

NPR Topics: Business
Jun 11, 2025

ABC drops Terry Moran after he calls Trump a 'world-class hater'
In dropping veteran correspondent Terry Moran, ABC News said his post calling President Trump "a world-class hater" was "a clear violation of ABC News policies."

NPR Topics: Business
Jun 11, 2025

The secret tariff-free zone
There's something interesting happening at the Port of Baltimore. On today's show, we explore the hidden world of bonded warehouses, where you can stash your imported Latvian vodka or Dutch beer free from tariffs (for a while).

Related episodes:
Tariffied! We check in on businesses (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

NPR Topics: Business
Jun 10, 2025

The U.S. and China have agreed on a framework to resolve their trade disputes
After two days of talks in London, the U.S. and China have agreed in principle on a framework to carry out an agreement they reached on resolving their trade disputes last month, Chinese state media said.

NPR Topics: Business
Jun 10, 2025

Is all this talk of recession indicators a sign a recession is coming?
For generations, people have looked for small, informal signs that a recession is coming or already here. This phenomenon recently exploded on social media, often in joke form.

NPR Topics: Business
Jun 10, 2025

Wall Street CEOs are cycling through the five stages of tariff grief
As they process President Trump's chaotic tariffs and other economic policies, some of the country's most powerful CEOs are moving from denial and bargaining to public anger and depression.

NPR Topics: Business
Jun 10, 2025

What's a revenge tax?
For four decades, the US has maintained a consistent policy position: money should be fairly free to come and go in and out of the country. That's changing.

Two sections in the One Big Beautiful Bill Act would add friction. First is a 3.5% tax on immigrants sending money home, commonly known as remittances. Second is what's known as Section 899 or, colloquially, the 'revenge tax'. This one is making Wall Street wary. It would slap extra taxes on people and businesses investing in the U.S. if their home countries were deemed to tax Americans unfairly.

We explain these two taxes that could mark a shift in our free-flowing money era.

Related episodes:
The long view of economics and immigration (Two Indicators) (Apple / Spotify)
The "chilling effect" of deportations (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

NPR Topics: Business
Jun 10, 2025

Dozens of states sue to block the sale of 23andMe personal genetic data
States argue that biological samples, DNA data, health-related traits and medical records are too sensitive to be sold without each person's express, informed consent.

NPR Topics: Business
Jun 09, 2025

Warner Bros. Discovery to be split, as Zaslav retreats from grand ambitions
Warner Bros. Discovery is to split into two, separating streaming and studios from its cable channels. The company has been burdened by debt and the decline of cable TV.

NPR Topics: Business
Jun 09, 2025

Apple's WWDC event goes big on design, but says less on AI
The annual event for developers focused on a new 'Liquid Glass' interface for Apple products, but did little to follow up on last year's promise of a bold push into artificial intelligence.

NPR Topics: Business
Jun 09, 2025

Dave Portnoy on Trump, the 'manosphere' and 'Barstool conservatism'
Barstool Sports founder Dave Portnoy spoke to Morning Edition. Here's what he had to say about why he voted for President Trump, how he disagrees with him and whether he could support Democrats.

NPR Topics: Business
Jun 09, 2025

Trump tariff revenue soars 78%. Who's paying them?
Tariff collections are up sharply in the last 2 months. Congressional forecasters say tariffs could help reduce the federal debt, but they'll also lead to higher inflation and slower economic growth.

NPR Topics: Business
Jun 09, 2025

Trump's trade war is raising money for the government, but at whose expense?
Tariff collections are up sharply in the last 2 months. Congressional forecasters say tariffs could help reduce the federal debt, but they'll also lead to higher inflation and slower economic growth.

NPR Topics: Business
Jun 09, 2025

How doctors helped tank universal health care
A debate has been raging over universal health care in the U.S. since the 1940s. Back then, a formidable opponent emerged to dump a lot of money into ensuring it wouldn't happen. That opponent was doctors. Today on the show, Sally Helm, a Planet Money reporter, comes to us in her capacity as the host of HISTORY This Week to detail how doctors helped tank single pay healthcare back then and the role communism played in the fight.

A longer version of this episode is available at HISTORY This Week from the History Channel.

Related episodes:
Why do hospitals keep running out of generic drugs? (Apple / Spotify)
Socialism 101

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

NPR Topics: Business
Jun 07, 2025

How tariffs on aluminium and steel are impacting a recycling business in Pennsylvania
President Trump doubled tariffs on steel and aluminum imports this week. NPR's Debbie Elliott speaks with Andrew Lincoln from Lincoln Recycling about the impact on the metals industry.

NPR Topics: Business
Jun 06, 2025

When Chinese manufacturing met Small Town, USA
Over the past decade, politicians from both parties have courted American voters with an enticing economic prospect - the dream of bringing manufacturing and manufacturing jobs back to America. They've pushed for that dream with tariffs and tax breaks and subsidies. But what happens when one multinational company actually responds to those incentives, and tries to set up shop in Small Town, USA?

Today on the show - how a battery factory ignited a political firestorm over what kind of factories we actually want in our backyard. And what happens when the global economy meets town hall democracy.

This episode of Planet Money was produced by Emma Peaslee and Sylvie Douglis. It was edited by Marianne McCune and fact checked by Sierra Juarez. It was engineered by Robert Rodriguez. Alex Goldmark is our executive producer.

Read Viola Zhou's reporting on the Gotion battery factory.

Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.

Listen free at these links: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.

Help support Planet Money and hear our bonus episodes by subscribing to Planet Money in Apple Podcasts or at plus.npr.org/planetmoney.

Music: NPR Source Audio - "Collectible Kicks," "Arturo's Revenge," and "Liquid Courage"

NPR Topics: Business
Jun 06, 2025

What the Musk-Trump feud means for SpaceX
The relationship breakdown between Elon Musk and the Trump administration could have big implications for Musk's company SpaceX, which the U.S. relies on for space- and defense-related services.

NPR Topics: Business
Jun 06, 2025

Who owns a acoustic piano these days? Across the country, less people are buying them
The acoustic piano was once a fixture in middle class homes. That's not the case anymore. With the popularity of electronic keyboards and music software, who is in the market for acoustic pianos?

NPR Topics: Business
Jun 06, 2025

Who owns an acoustic piano these days? Across the U.S., fewer people are buying them
The acoustic piano was once a fixture in middle-class homes. That's not the case anymore. With the popularity of electronic keyboards and music software, who is in the market for acoustic pianos?

NPR Topics: Business
Jun 06, 2025

Why U.S. workers keep getting more productive
For the last couple of years, U.S. labor productivity has been on the rise. And economists don't know exactly why. So today on the show, the president of the Federal Reserve Bank of Chicago plays economic detective and helps us investigate some different theories about why U.S. workers seem to be more productive than in prior decades.

Related episodes:
What keeps a Fed president up at night (Apple / Spotify)
Productivity and workforce whiplash (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

NPR Topics: Business
Jun 06, 2025

Hiring slowed in May, as employers added 139,000 jobs
U.S. employers added 139,000 jobs in May — a modest slowdown from the previous month. The unemployment rate held steady at 4.2%, as the workforce shrank.

NPR Topics: Business
Jun 06, 2025

Sen. Tim Kaine says Trump's tariffs could reduce federal debt, but at what cost?
NPR's Steve Inskeep speaks with Sen. Tim Kaine, D-Va., who is also on the Senate Budget Committee, about how President Trump's tariffs will affect the federal budget and the economy.

NPR Topics: Business
Jun 06, 2025

From 1,300 to 81 workers: Trump official plans to cut Voice of America to the bone
Trump senior advisor Kari Lake envisions the agency that includes the international broadcaster Voice of America with 81 staffers after mid-August — down from about 1,300 full-time employees and contractors.

NPR Topics: Business
Jun 06, 2025

What the Trump-Musk breakup may mean for SpaceX and Tesla
From space travel to military operations to the future of green energy, the U.S. has become reliant on Elon Musk's business empire. But it won't be easy for the government to end its reliance on Musk.

NPR Topics: Business
Jun 05, 2025

Why inflation data won't include prices from these cities in Utah, Nebraska and New York
The federal government is scaling back data collection used to calculate the inflation rate. Economists warn that could make for less accurate cost-of-living measures.

NPR Topics: Business
Jun 05, 2025

Why U.S. inflation data won't include prices from these cities in Utah and Nebraska
The federal government is scaling back data collection used to calculate the inflation rate. Economists warn that could make for less accurate cost-of-living measures.

NPR Topics: Business
Jun 05, 2025

Why some economists are worried about U.S. inflation data
The federal government is scaling back data collection used to calculate the inflation rate because of staff shortages. Economists warn that could make for less accurate cost-of-living measures.

NPR Topics: Business
Jun 05, 2025

Gilded Age 2.0?
To hear President Trump tell it, the late 1800s, i.e. the Gilded Age, was a period of unparalleled wealth and prosperity in the U.S. But this era was also marked by corruption and wealth inequality. Sound familiar? On today's show, is history repeating itself?

Related episodes:
Trump's tariff role model (Apple / Spotify)
Worst. Tariffs. Ever. (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

NPR Topics: Business
Jun 04, 2025

Trump's tariffs could cut deficit by $2.8 trillion over next decade -- with caveats
The Congressional Budget Office projected President Trump's tariffs could raise trillions of dollars over the next decade — but they could also lead to higher inflation and slower economic growth.

NPR Topics: Business
Jun 04, 2025

Partisan battle lines form over Trump's plan to defund NPR & PBS
Senate Democrats warn Trump plan to wipe out public broadcasting funding will shut down stations, eliminate essential services. But House GOP scheduled to vote to clawback $1.1 billion next week.

NPR Topics: Business
Jun 04, 2025

Some federal workers lost health coverage they had paid for. A Democrat wants answers
Commerce Department employees who were fired, reinstated, and fired again learned belatedly that their health insurance has been cut off. Some had already racked up thousands in medical bills.

NPR Topics: Business
Jun 04, 2025

Steel tariffs double. And, Congress asked to eliminate public broadcasting funds
Tariffs on imported steel and aluminum are doubling today. Here's how it could impact your wallets. And, Trump has asked Congress to wipe out funding for public broadcasting.

NPR Topics: Business
Jun 04, 2025

With steel tariffs doubling, a North Carolina manufacturer wonders how to compete
President Trump is doubling tariffs on imported steel from 25 to 50%. The move is designed to protect domestic steel workers, but critics say it will raise prices for businesses and customers that use steel.

NPR Topics: Business
Jun 04, 2025

With steel tariffs doubling today, a North Carolina manufacturer wonders how to compete
President Trump is doubling tariffs on steel and aluminum to 50%. It's designed to protect domestic steel and aluminum workers, but critics say it will raise prices for those that use the metals.

NPR Topics: Business
Jun 04, 2025

Trump's crypto interests (Two Indicators)
Today on the show - our crypto president. Just before President Donald Trump began his second administration in January, he and his business partners launched the $TRUMP coin. It's a memecoin that quickly raked in hundreds of millions of dollars. And there's a lot of earning potential still left on the table. Is that even legal?

We bring you two stories from our daily show, The Indicator about President Trump and his ties to crypto. First, the Trump coin. We explain what it is, how the real Donald Trump profits from it, and yes, whether this whole crypto scheme is within the law. Then we take a look at Stablecoins: how they work, how they make money, and for whom.

The original episodes from The Indicator were produced by Cooper Katz McKim and Corey Bridges. They were engineered by Harry Paul and Robert Rodriguez. They were fact-checked by Sierra Juarez. Kate Concannon edits the show. This episode of Planet Money was produced by James Sneed and edited by Emma Peaslee. Alex Goldmark is Planet Money's executive producer.

Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.

Listen free at these links: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.

Help support Planet Money and hear our bonus episodes by subscribing to Planet Money in Apple Podcasts or at plus.npr.org/planetmoney.

NPR Topics: Business
Jun 04, 2025

An indicator lost: big disaster costs
The U.S. government has tallied the economic impact of major natural disasters going back to 1980. State and local governments used this data for budgeting and planning. But last month, the administration retired its Billion-Dollar Weather and Climate Disasters disaster database. Today on the show, we speak to Adam Smith, the architect of the program, on the work he did and what might be next.

Related episodes:
How much is a weather forecast worth? (Update) (Apple / Spotify)
How ski resorts are (economically) adjusting to climate change (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

NPR Topics: Business
Jun 03, 2025

How to get what you want without using cash
LifeKit offers tips on how to barter -- exchanging things that both parties want.

NPR Topics: Business
Jun 03, 2025

Trump asks Congress to wipe out funding for public broadcasting
President Trump is asking lawmakers to claw back the $1.1 billion in federal subsidies for public broadcasting that Congress approved earlier this year. His request also includes cuts to foreign aid.

NPR Topics: Business
Jun 03, 2025

One company forecasting a better year ahead? Dollar General
People are spending more at Dollar General. In part, that's thanks to shoppers trading down from more expensive stores.

NPR Topics: Business
Jun 03, 2025

Can bringing back manufacturing help the heartland catch up with 'superstar' cities?
In recent decades, America has seen economic opportunities concentrated in superstar cities. Manufacturing boosters hope reshoring factories could help change that. We look at the theory and evidence.

NPR Topics: Business
Jun 03, 2025

The fate of the EV tax credits depends on the GOP's megabill
The House version of the tax bill would revoke credits for EVs starting at the end of this year. If the plan survives, it would dramatically shape automaker investments and EV sales.

NPR Topics: Business
Jun 03, 2025

Who should get mom's ring?
By 2048, more than $100 trillion is expected to be inherited, or passed down from one family member to another. But a lot of the time, the money doesn't end up where it's intended. On today's show, we navigate the thornier questions in estate planning.

Related episodes:
What women want (to invest in)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

NPR Topics: Business
Jun 02, 2025

Rutabaga Toy Library lets families sign out toys a month at a time
Kids get over some toys pretty quickly. Enter the Rutabaga Toy Library, one of several similar businesses where families can sign out Tinker Toys and scooters for a month at a time.

NPR Topics: Business
Jun 02, 2025

Why Gen Z is feeling 'money dysmorphia'
A significant portion of young people feel like they aren't on solid financial footing. And yet, the numbers show Gen Z adults on average actually earn more and have more wealth than previous generations did at their age.

This phenomenon has been dubbed (by the internet) as 'money dysmorphia'. Today on the show, we chat with a neuroscientist who co-wrote a book, Look Again, that helps explain this phenomenon.

Related episodes:
Relax, Millennials! You're Doing Great.
Gen Z's dream job in the influencer industry (Apple / Spotify)
There Is Growing Segregation In Millennial Wealth

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

NPR Topics: Business
May 31, 2025

Meta plans to replace humans with AI to assess privacy and societal risks
Current and former Meta employees fear the new automation push comes at the cost of allowing AI to make tricky determinations about how Meta's apps could lead to real world harm.

NPR Topics: Business
May 30, 2025

The U.S.-China trade war, according to game theory
Over the last few months U.S.-China trade relations have been pretty hard to make sense of - unless you look at what's happening through the lens of game theory. Game theory is all about how decisions are made, based not just on one side's options and payoffs, but on the choices and incentives of others.

So, are Donald Trump and Xi Jinping competing in a simple game of chicken? Or is the game more like the prisoner's dilemma? On today's show, we try to decide which of four possibilities might be the best model for this incredibly high-stakes game. And we take a look at who is playing well and who might need to adjust their strategy.

For more on the U.S.-China trade war:

- The 145% tariff already did its damage
- What happened to U.S. farmers during the last trade war
- What "Made in China" actually means

This show was hosted by Keith Romer and Amanda Aronczyk. It was produced by Sam Yellowhorse Kesler. It was edited by Jess Jiang, fact-checked by Sierra Juarez and engineered by Kwesi Lee with help from Robert Rodriguez and Cena Lofreddo. Additional production help from Sylvie Douglis. Alex Goldmark is Planet Money's executive producer.

Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.

Listen free at these links: Apple Podcasts, Spotify,

NPR Topics: Business
May 30, 2025

Trump heads to Pennsylvania to celebrate steel deal
President Trump is on his way to Pittsburgh where he plans to celebrate a multi-billion dollar deal between the iconic American company, U.S. Steel, and it's Japanese rival Nippon Steel.

NPR Topics: Business
May 30, 2025

PBS and Minnesota public TV station sue Trump White House
PBS and Lakeland PBS in rural Minnesota are suing President Trump over his executive order demanding that the Corporation for Public Broadcasting kill all funding for the public television network.

NPR Topics: Business
May 30, 2025

Trump to celebrate U.S. Steel deal with Japan. And, what's next for DOGE
President Trump is heading to Pittsburgh today to celebrate U.S. Steel and Nippon Steel's partnership. And, what's next for DOGE after Elon Musk's exit.

NPR Topics: Business
May 30, 2025

Oil companies face a wrongful death suit tied to climate change
Julie Leon died of hyperthermia in Seattle on June 28, 2021 — the hottest day in the city's history. A lawsuit claims she was a victim of oil companies' "misrepresentations" about climate change.

NPR Topics: Business
May 30, 2025

Sellers of dog leashes and mom gear hope court rulings lead to tariff relief
Court rulings against President Trump's tariffs could spell relief for many American importers — if the decisions hold. For now, the uncertainty remains.

NPR Topics: Business
May 30, 2025

As courts block Trump tariffs, small business owners dare to hope
Court rulings against President Trump's tariffs could spell relief for many American importers — if the decisions hold. For now, the uncertainty remains.

NPR Topics: Business
May 30, 2025

As courts move to block Trump tariffs, small business owners dare to hope
Court rulings against President Trump's tariffs could spell relief for many American importers — if the decisions hold. For now, the uncertainty remains.

NPR Topics: Business
May 30, 2025

Will I get refunds? Small businesses wonder as courts rule on Trump tariffs
Court rulings against President Trump's tariffs could spell relief for many American importers — if the decisions hold. For now, the uncertainty remains.

NPR Topics: Business
May 30, 2025

Anyone can use AI chatbots to 'vibe code.' Could that put programmers out of a job?
You no longer need to be a software engineer to build software — you can "vibe code" it by prompting chatbots to build apps and websites. Could that put programmers out of a job?

NPR Topics: Business
May 30, 2025

AI-enabled 'vibe coding' lets anyone write software
You no longer need to be a software engineer to build software — you can "vibe code" it by prompting chatbots to build apps and websites. Could that put programmers out of a job?

NPR Topics: Business
May 30, 2025

Federal workers keep America's farms healthy. What now under Trump?
More than a thousand people who worked to keep American agriculture free of pests and disease have left the federal workforce in President Trump's massive government downsizing.

NPR Topics: Business
May 30, 2025

Exodus of USDA veterinarians and others drives fears that U.S. farms are at risk
More than a thousand people who worked to keep American agriculture free of pests and disease have left the federal workforce in President Trump's massive government downsizing.

NPR Topics: Business
May 29, 2025

Market Basket CEO is put on leave in new spat at family-controlled supermarket chain
The board alleges that CEO Arthur T. Demoulas has been planning a work stoppage at the Massachusetts-based retailer. It also says he has "resisted an appropriate succession plan for Market Basket."

NPR Topics: Business
May 29, 2025

World financial markets welcome court ruling against Trump's tariffs
Financial markets welcomed a U.S. court ruling that blocks President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law.

NPR Topics: Business
May 29, 2025

Are Trump's trade deals the real deal?
Top Trump advisers have been boasting about 'awesome' trade deals the administration is negotiating with other countries. But are these deals real? Today on the show, we ask a former U.S. trade negotiator whether these agreements hold up.

Related episodes:
Dealmaker Don v. Tariff Man Trump (Apple / Spotify)
Why there's no referee for the trade war (Apple / Spotify)
Is this a bank?

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

NPR Topics: Business
May 28, 2025

Federal court keeps Trump tariffs in place — for now
The U.S. Court of Appeals for the Federal District granted the Trump administration's request to temporarily put on hold the New York-based Court of International Trade judgment that struck down President Trump's tariffs.

NPR Topics: Business
May 28, 2025

Federal trade court blocks Trump from imposing tariffs under emergency powers law
The ruling from a three-judge panel at the New York-based Court of International Trade came after several lawsuits arguing that Trump has exceeded his authority.

NPR Topics: Business
May 28, 2025

Federal trade court blocks Trump's emergency tariffs, saying he overstepped authority
A federal trade court ruled Wednesday that many of the tariffs President Trump has imposed so far exceeded his power under the International Economic Emergency Powers Act.

NPR Topics: Business
May 28, 2025

With the downsizing of the federal workforce, are America's farms at risk?
There are growing concerns that President Trump's depletion of the federal workforce is putting America's farms at risk, which could lead to higher food prices and hurdles for farm exports.

NPR Topics: Business
May 28, 2025

New York kidnapping underscores rise in crypto 'wrench attacks'
NPR's Mary Louise Kelly speaks with Jeff John Roberts, finance and crypto editor at Fortune magazine, about the increase in so-called "wrench attacks" on cryptocurrency holders.

NPR Topics: Business
May 28, 2025

Inside a Louisiana factory making torpedo bats that have become all the rage
Torpedo baseball bats hit it big when the Yankees set a new team record with nine home runs in one game earlier this season. We visit a factory in Louisiana to see what makes them so special.

NPR Topics: Business
May 28, 2025

Attorney Theodore Boutrous discusses NPR's lawsuit against Trump White House
NPR's Michel Martin talks with attorney Theodore Boutrous, who is representing NPR in a legal challenge to Trump White House plans to stop federal funding of public media.

NPR Topics: Business
May 28, 2025

'We're in a holding pattern': Home sales and building slump in the face of uncertainty
Would-be homebuyers are finding lots of reasons to wait.

NPR Topics: Business
May 28, 2025

Insurance companies using aerial imagery to determine if they'll renew home coverage
As insurance companies expand the use of satellites and drones to determine if they'll continue to cover homes in Texas, complaints for non-renewals and policy cancellations are growing quickly.

NPR Topics: Business
May 28, 2025

Why are college coaches paid so much?
If you had to guess, would you say the president of a university usually makes more money than the football coach? Well, you may be wrong. A college's football coach is often their highest paid employee. The University of Alabama pays its football coach on average close to $11 million. Today on the show, why are college football coaches paid so much? Do their salaries really make economic sense?

Related episodes:
Why the Olympics cost so much (Apple / Spotify)
Want to get ahead in youth sports? Try staying back a year (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

NPR Topics: Business
May 27, 2025

NPR's president and CEO talks about lawsuit over executive orders
NPR and several public radio stations are suing the Trump White House over an executive order that purportedly bars the use of Congressionally appropriated funds for NPR and PBS.

NPR Topics: Business
May 27, 2025

NPR and Colorado stations sue Trump
NPR filed suit this morning against President Trump and other administration officials over his executive order seeking to ban any federal funds from going to NPR or PBS.

NPR Topics: Business
May 27, 2025

Despite the pause on high tariffs, Chinese factories still face high uncertainty
A 90-day pause on triple-digit U.S. tariffs on Chinese goods has left exporters and importers in a high state of uncertainty. Factory owners in China tell NPR that orders are down overall.

NPR Topics: Business
May 27, 2025

NPR and Colorado public radio stations sue Trump White House
NPR and three Colorado public radio stations are suing the Trump administration over the president's executive order seeking to ban the use of federal money for NPR and PBS.

NPR Topics: Business
May 27, 2025

Are manufacturing jobs actually special?
More than half of American workers don't have a college degree. Is manufacturing a ticket for them to the middle class?

NPR Topics: Business
May 27, 2025

What makes manufacturing jobs special? The answer could help rebuild the middle class
More than half of American workers don't have a college degree. Is manufacturing a ticket for them to the middle class?

NPR Topics: Business
May 27, 2025

Why Japan sees President Trump's tariffs as a 'national crisis'
Although largely paused, President Trump's tariffs present a major threat to Japan's already flagging economy.

NPR Topics: Business
May 27, 2025

Corporate America's retreat from DEI has eliminated thousands of jobs
"I just didn't think it would take this long," one veteran head of diversity, who's been job-hunting since last summer, tells NPR.

NPR Topics: Business
May 27, 2025

How to build abundantly
Why is building affordable housing so hard these days? We talk to author Derek Thompson about his new book with Ezra Klein, Abundance, about what they believe is keeping affordable housing out of reach in high-income cities.

Related:
How big is the US housing shortage? (Apple / Spotify)
How California's speed rail was always going to blow out (Apple / Spotify)
Why building public transit costs so much

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

NPR Topics: Business
May 26, 2025

Tariffs throw a wrench in Worcester's manufacturing growth
President Trump wants to bring manufacturing back to the U.S. We visit Worchester, Massachusetts, which once made things like wire and paper, to see how manufacturing there has changed.

NPR Topics: Business
May 26, 2025

U.S. sheep industry cautiously optimistic over Trump's tariffs
Many in agriculture are worried that Trump administration tariffs will be bad for their bottom lines. The American sheep industry, though, is cautiously optimistic.

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