Make Me Smart

House Republicans propose a sweeping tax plan that promises massive tax breaks but raises concerns over potential costs. Apple hints at increasing iPhone prices due to tariff uncertainties, affecting consumer goods everywhere. Meanwhile, Tolkien's concept of 'sub-creation' showcases the comforting power of fantasy in tough times. A light-hearted discussion emerges about the new pope's love for baseball, revealing his surprisingly relatable side. The hosts also tease a future dive into the mysterious planet K218b and the vital role of public media today.

Sabree Beneshore, a guest host for Economics on Tap, dives into the chaotic world of U.S. trade policy and its effects on small businesses. He analyzes the potential implications of an 80% tariff on Chinese imports and how that could affect local economies. The conversation also touches on Epic Games’ legal victory against Apple, showcasing the shifts in the tech landscape. Light-hearted moments about office snacks and the challenges of a cashless society round out this engaging discussion.

Rima Hraes, a talented host and financial thinker, takes the reins to discuss the new U.S.-UK trade deal amidst ongoing tariff implications. She highlights alarming childcare costs, revealing many families now pay more for daycare than rent. The conversation pivots to the irony of sports metaphors in the workplace, suggesting a playful twist with makeup lingo. The episode also touches on the cultural shift towards 'swole culture,' emphasizing the benefits of muscle mass over diet culture, all wrapped in humor and relatability.

Reema Khrais, host of Marketplace's This Is Uncomfortable, joins to dive into the stark realities of the housing market. They discuss the alarming proposed cuts to rental assistance that could impact millions, alongside the staggering prices of starter homes now exceeding $1 million. The conversation takes an unexpected turn with heartwarming tales of parrots video calling each other and innovative solutions to combat microplastics in water. It's a blend of economic insights and joyful science that keeps listeners engaged.

Christopher Knittel, an economics professor and associate dean for climate and sustainability at MIT, dives into the uncertainty of America’s clean energy future amid shifting political landscapes. He discusses the Trump administration's attempts to dismantle Biden's climate initiatives and the implications for domestic clean energy capabilities. Knittel emphasizes the need for the U.S. to compete globally in decarbonization efforts and the challenges of funding green initiatives. The dialogue also touches on evolving U.S.-Canada relations and the concept of 'shrinkflation' affecting consumers.

Companies are navigating tariffs by raising prices rather than relocating production back to the U.S., as revealed by a Dallas Federal Reserve survey. The impact on small businesses is significant, highlighting challenges amid rising costs. On a different note, the Met Gala will celebrate black dandyism, showcasing emerging black designers and raising funds for the Costume Institute. Meanwhile, a comedic twist connects a public television movie to a presidential tweet, critiquing the current state of tariff discussions.

The discussion kicks off with the impact of Trump's removal of the de minimis exemption, hinting at rising consumer prices. Controversial policies, including threats to Harvard’s tax status and cuts to NASA, raise eyebrows. They explore the unsettling potential of biometrics with World ID and iris scanning. Meanwhile, a new fantasy film league offers film buffs a chance to curate their own rosters. Finally, the concept of mini retirements shines a light on work-life balance, encouraging professionals to rethink time off.

President Trump acknowledges that tariffs are making life more expensive for American consumers, fueling concerns about a potential recession. The hosts discuss how economic uncertainty prompts some shoppers to reconsider luxury purchases, like gourmet cheese. They define recession in modern terms and explore the impact of rising costs on consumer behavior. Investments in technology are on the rise, sparking debate about whether this signals resilience or just a strategy against inflation. The importance of accurate financial information is also stressed.

The Commerce Department reported the U.S. economy contracted by 0.3% in the first quarter of this year. We’ll break down the GDP math formula and dig into what the latest report says about where the US economy may be headed. And, should businesses be transparent about the impact of tariffs on prices? A nixed plan from Amazon serves as a cautionary tale of the political risks. Plus, feeling stressed these days? Cow cuddling and bee therapy might help.Here’s everything we talked about today:-"Trump blames Biden after GDP shrinks in first quarter, says growth will 'take a while'" from CNBC -"Businesses weigh how much to tell customers about tariffs' impact on price" from Marketplace-"Trump-Bezos call sets stage for tense earnings report from Amazon" from CNBC-"Trump vs. Amazon’s Brilliant Tariff Idea" from The Wall Street Journal -"The Americans Fled Vietnam 50 Years Ago. I Visited the Buildings They Left Behind."  from The New York Times"Anxious about the world? Cow cuddling or bee buzzing might help ease your stress" from The Denver PostGot a question for the hosts? Email makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

Patricia Goff, a political science professor at Wilfrid Laurier University and an expert on trade relations, shares her insights following the recent Canadian election. She discusses how the tensions from Trump’s tariffs have reshaped Canadian political dynamics and affected trade relationships. Goff argues that completely disentangling the Canadian and U.S. economies is unrealistic. The conversation also touches on the implications for the future of the U.S.-Mexico-Canada trade agreement and evolving perceptions of Canadian industry in this new political landscape.