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Korva Coleman
Live from NPR News, I'm Korva Coleman. President Trump says he will impose new global tariffs of 15%. He declared this over the weekend after the US Supreme Court overturned some of his initial tariffs last Friday. Trump Trump was furious, but other nations who have been dealing with these tariffs are taking another look at the situation. NPR's Jennifer Pack says that includes China.
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Jennifer Pack
China's ministry issued a statement saying it's making a full assessment of the ruling. It's also urged Washington to lift unilateral tariffs on its trading partners. Now that's the official view on the ground. Chinese business owners who deal with the US Are cautiously optimistic, I'd say, about this development. You know, this past year has just been a roller coaster ride with tariffs.
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Korva Coleman
NPR's Jennifer Pack reporting. President Trump is supposed to visit China this year. It's possible the Supreme Court ruling could weaken his hand in making trade deals. The Transportation Security Administration says its pre check program at airports will continue. That's despite an announcement yesterday from the Department of Homeland Security halting some of its other travel programs. NPR's Luke Garrett reports.
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Luke Garrett
DHS suspended its global entry program for air travelers and airport security escorts for Congress members early Sunday morning. The department initially announced that TSA would help precheck security lines, but DHS quickly walked this back, causing confusion at airports and online. In a statement, TSA said its precheck program will remain open and they will evaluate service on a, quote, case by case basis. Beyond travel, DHS is also suspending all non disaster related FEMA funding. DHS Secretary Kristi Noem blamed congressional Democrats for the program. But Senate Minority Leader Chuck Schumer responded, saying the Trump administration is choosing to inflict pain on the public instead of adopting common sense ICE reforms. The partial government shutdown has now entered its second week with no sign of a DHS funding deal. Luke Garrett, NPR News, Washington.
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Korva Coleman
Mortgage rates are at their lowest levels in over three years. The average rate for a 30 year fixed mortgage is just above 6%. But a new report suggests housing affordability could still be a challenge. NPR's Stephen Bisaha has more.
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Stephen Bisaha
Four years of high interest rates did not lower home prices as much as economists expected. Instead, the bigger effect was on supply. Voters were reluctant to construct new homes and homeowners were reluctant to sell and lose their lower pandemic era mortgage rates. Jay Krimmel is an economist, realtor.com he says with more buyers about to enter the market, home prices could rise if housing construction and new listings don't pick up.
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Jay Krimmel
If you don't add supply to the market, either in the form of new construction or existing homes from new listings, you're going to see that that demand increase turn into price increases as well.
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Stephen Bisaha
Homebuilders have been pessimistic about the construction market because of high boating costs and an uncertain economy. Stephen Bassarha, NPR News.
- [03:11]
Korva Coleman
And you're listening to NPR News News. Blizzard warnings are still posted this morning from the Mid Atlantic to New England. The National Weather Service says some areas could get two feet of snow. The biggest bank in the country says it deliberately closed several of President Trump's accounts a month after the January 6th attack on the US Capitol. That's according to court documents filed last Friday. Trump has sued JP Morgan. The affected accounts included Trump businesses and his personal banking relationship. JP Morgan did not cite a reason for closing the accounts. President Trump has approved a federal emergency declaration after a massive sewage spill into the Potomac river by Washington, D.C. the city's mayor had asked for federal help, but as NPR's Kristen Wright reports, the president also clashed with local and state leaders over who was responsible.
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Kristen Wright
FEMA says it'll help the District of Columbia with more than 200 million gallons of raw sewage that spilled into the Potomac River a month ago when a line collapsed. The declaration allows the federal government to bring in equipment and resources to coordinate relief efforts with D.C. maryland and Virginia. President Trump accused Maryland Governor Wes Moore of mismanagement. Moore said the president was lying to the public and that the broken pipe is on federal land. They've been feuding lately since Trump didn't invite Moore to the annual National Governors association dinner at the White House. Moore is the vice chair of the organization and the nation's only black governor. FEMA says it'll support the public health response to the spill. Meanwhile, D.C. s mayor wants the federal government to reimburse all costs. Kristen Wright, NPR News.
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Korva Coleman
And I'm Korva Coleman. And you're listening to npr.
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