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NPR Business (0:00)
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Jack Spear (0:18)
In Washington, I'm Jack Spear. Ahead of the imposition of, in some cases, double digit tariffs, President Donald Trump today talked about asking some law firms he made deals with for provide pro bono help with negotiations. Trump's remarks coming as he signed executive actions aimed at reviving the coal industry. At the event, the president saying they're working on bespoke trade agreements with any country that wants to make a deal.
Donald Trump (0:42)
We're doing very well in making, I call them tailored deals, not off the rack. These are tailored, highly tailored deals. Right now, Japan is flying here to make a deal, South Korea is flying here to make a deal, and others are flying here.
Jack Spear (0:57)
Meanwhile, the looming trade tariffs led to more confusion on the part of world leaders, corporate CEOs and investors. The broad market is now barely above a bear market, down 19% from the record set back in February. The IRS has reached agreement with immigration authorities to share tax information about some immigrants without legal status. NPR's Joel Rose reports. This marks a major change in how tax records can be used.
Joel Rose (1:21)
In a court filing, a top IRS official shared a memorandum of understanding between the tax collector and US Immigration and Customs Enforcement that was executed on Monday. Under the terms of the deal, ICE officers can ask the IRS for information about immigrants who have final orders of removal or are under criminal investigation. The court filing came in a lawsuit brought by immigrant advocacy groups that are seeking to block any information sharing between the IRS and ice. Immigrants without legal status pay billions of dollars in taxes. Tax experts warn that the change could undermine immigrants trust in the irs, pushing them to seek jobs where they are paid under the table. Joel Rose, NPR News, Washington.
Jack Spear (1:59)
The House of Representatives held a hearing today on U.S. competitive and artificial intelligence. NPR's Emily Fang reports. House Democrats took the opportunity to criticize the Trump administration for canceling federal science and health grants and laying off thousands of government scientists.
Emily Fang (2:14)
Democratic lawmakers noted that while the US Says it prioritizes semiconductors and AI, it has also eliminated programs and funding that were set up to support related research. Luce Rivas is a California Democrat and an MIT trained engineer.
