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Korva Coleman
Live from NPR News in Washington, I'm Korva Coleman. Stocks opened sharply higher this morning as the US And China agreed to a temporary break from triple digit tariffs. NPR's Scott Horsley reports. The Dow Jones Industrial Average soared 1,000 points in early trading.
Scott Horsley
The U.S. is slashing tariffs on imports from China from 145% to 30% for the next 90 days. In exchange, China is temporarily cutting its tax on imports from the US to just 10%. The move is a relief for many businesses that rely on Chinese imports. The earlier triple digit tax had brought much of the cargo traffic between the two countries to a standstill. The remaining tariffs are still significantly higher than Americans were used to paying, however. And because the tariff relief has an expiration date while negotiations continue, there's still considerable uncertainty over what the trade landscape will look like in three months. Scott Horsley, NPR News, Washington.
Korva Coleman
President Trump says he may speak to China's president by the end of this week. President Trump is speaking right now at the White House. He is poised to sign an executive order that he claims will cut prescription drug prices between 30 to 80%. The President tried to do this in his first administration, but he was blocked by the courts. The the program was later ended by then President Biden. President Trump is leaving today for his next foreign trip. He'll spend four days in the Middle east, including in Qatar. NPR's Franco Ordona says there's been a lot of questions about a potential gift from Qatar.
Franco Ordonez
And just this weekend the White House acknowledged they're in discussions with the Qataris about possibly accepting a luxury plane that could serve as a temporary Air Force One until the new one is finished.
Korva Coleman
NPR's Franco Ordonez reporting. The White House released a statement saying that any gift given by a foreign government is always accepted in full compliance with all applicable laws. But many critics, including Democrats, say the constitution forbids any president from accepting such presidents without congressional approval. A Kurdish militant group that's waged a 40 year insurgency in southern Turkey, Iraq and Syria says it is disbanding. Duri Biskiran reports on the end of the pkk.
Duri Biskiran
In a statement to a pro Kurdish news outlet, the Kurdistan Workers Party, or pk, PKK announced it would disarm and end its armed struggle as part of a peace deal with the Turkish government. Although the PKK expressed willingness to disband after a request by its imprisoned leader in February, the Turkish military continued airstrikes on their positions in northern Iraq over the weekend. Turkish President Recep Tayyip Erdogan said his government is getting closer to the goal of a terror free Turkey. The PKK launched its insurgency against the Turkish state in the early 1980s, citing poor treatment of Turkey's Kurdish the conflict has caused thousands of deaths in the more than 40 years that have followed.
Korva Coleman
You're listening to NPR. Hamas says it will release a hostage today who has dual American and Israeli citizenship. Idan Alexander is expected to be transferred to the International Committee of the Red Cross, then taken to an Israeli hospital. Separately, a Hamas official speaking anonymously told NPR Alexander is being released in return for unspecified things that the US has promised. No details have been released, but the official hinted it might mean the release of more Palestinian prisoners and fresh aid delivered into Gaza. Israel has released a statement. It says that Israel has not committed to a ceasefire of any kind, but only to a safe corridor to allow Alexander to be released. The United Kingdom's prime minister announced an overhaul of his country's immigration rules. NPR's Lauren Frayer has more from London.
Lauren Frayer
It'll be harder to get work, family and student visas to the UK Immigrants will have to pass a higher level English test and most will have to spend at least 10 years here before even applying to settle in the UK rather than five years, as is the case now. In a speech, Prime Minister Keir Starmer.
Keir Starmer
Make no mistake, this plan means migration will fall.
Lauren Frayer
It'll also limit employers ability to hire overseas workers for low skilled roles. Starmer says these measures are needed to maintain social cohesion, drive investment in the local workforce and prevent Britain from becoming a quote, island of strangers. But this plan also comes just after a far right anti immigrant party made big gains in municipal elections. Lauren Fryer, NPR News, London.
Korva Coleman
Again, on Wall street, the Dow is up a thousand points. You're listening to npr.
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This message is from Synchrony Bank. Who wants to remind you to stay flexible, not the yoga bending circus performing kind of flexible, financially flexible like with their high yield savings account. Stay flexible@synchrony.com NPR member FDIC.
NPR News Now: Episode Summary – May 12, 2025, 10 AM EDT
Released on May 12, 2025
In this episode of NPR News Now, host Korva Coleman delivers a comprehensive update on the latest national and international developments. Covering a range of topics from economic shifts and political maneuvers to significant geopolitical changes, the episode provides listeners with insightful analysis and firsthand reports.
Korva Coleman opens the episode with significant economic news, highlighting a breakthrough in U.S.-China trade relations. Scott Horsley reports that “Stocks opened sharply higher this morning as the US and China agreed to a temporary break from triple-digit tariffs” (00:17).
The agreement entails the U.S. reducing tariffs on Chinese imports from 145% to 30% for the next 90 days. In return, China will temporarily lower its taxes on U.S. imports to just 10% (00:32). This move has provided relief to numerous businesses dependent on Chinese imports, which had previously suffered due to the high tariffs that significantly impeded cargo traffic between the two nations. Despite the positive market reaction, Scott Horsley notes, “there's still considerable uncertainty over what the trade landscape will look like in three months”, given the temporary nature of the agreement and ongoing negotiations.
Transitioning to domestic politics, Korva Coleman updates listeners on President Trump’s current activities. The President is preparing to sign an executive order aimed at reducing prescription drug prices by “30 to 80%” (01:12). This initiative, previously attempted during Trump’s first term but blocked by courts, was ultimately discontinued by President Biden. Trump’s latest efforts signify a renewed push to address healthcare costs.
Additionally, President Trump is set to embark on a four-day trip to the Middle East, including a visit to Qatar. Franco Ordonez reports on emerging discussions surrounding potential diplomatic gifts from Qatar, specifically a luxury aircraft that could temporarily serve as Air Force One (01:48). The White House has stated that “any gift given by a foreign government is always accepted in full compliance with all applicable laws”, but this stance has been met with criticism from Democrats. They argue that the Constitution prohibits presidents from accepting such gifts without congressional approval, raising concerns about the implications of foreign involvement in presidential assets.
In a significant development in Middle Eastern politics, Korva Coleman shares the dissolution of the Kurdistan Workers Party (PKK), a Kurdish militant group that has been engaged in a four-decade-long insurgency in southern Turkey, Iraq, and Syria. Duri Biskiran provides detailed coverage, stating that the PKK has formally announced its intention to disband and end its armed struggle as part of a peace agreement with the Turkish government (02:32).
Despite the announcement, the Turkish military continued its operations against PKK positions in northern Iraq over the weekend. Turkish President Recep Tayyip Erdogan expressed optimism, claiming that “his government is getting closer to the goal of a terror-free Turkey”. The PKK's insurgency, which began in the early 1980s due to grievances over the treatment of Turkey's Kurdish population, has resulted in thousands of deaths over the past 40 years.
Korva Coleman reports on a humanitarian development amidst ongoing tensions in the Middle East. Hamas has announced the release of a hostage, Idan Alexander, who holds dual American and Israeli citizenship. Alexander is expected to be transferred to the International Committee of the Red Cross before being taken to an Israeli hospital (03:13).
An anonymous Hamas official informed NPR that Alexander's release is in exchange for “unspecified things that the US has promised”, potentially including the release of more Palestinian prisoners and the delivery of fresh aid into Gaza. In response, the Israeli government clarified that it “has not committed to a ceasefire of any kind, but only to a safe corridor to allow Alexander to be released”. This development underscores the delicate balance of negotiations and the potential for further diplomatic engagements in the region.
Shifting focus to European affairs, Korva Coleman highlights significant immigration policy changes in the United Kingdom. Lauren Frayer reports that Prime Minister Keir Starmer has announced stringent new measures aimed at tightening immigration controls (04:06). Key changes include:
In a statement, Keir Starmer emphasized, “Make no mistake, this plan means migration will fall” (04:23). Starmer justified these measures as necessary to “maintain social cohesion, drive investment in the local workforce, and prevent Britain from becoming a 'island of strangers'”. These reforms come in the wake of recent municipal elections where far-right, anti-immigrant parties gained significant ground, reflecting growing public concern over immigration.
Wrapping up the economic segment, the Dow Jones Industrial Average experienced a remarkable surge, “soaring 1,000 points in early trading” (04:51), underscoring the market's positive reaction to the U.S.-China tariff agreement and ongoing economic optimism.
This episode of NPR News Now provides listeners with a multifaceted overview of critical developments shaping the global and domestic landscape. From groundbreaking economic agreements and significant political decisions to major shifts in international conflict dynamics and immigration policies, the report offers a thorough and engaging narrative for those seeking to stay informed.
Notable Quotes:
This summary is intended for individuals who have not listened to the episode and aims to provide a clear and comprehensive overview of the key topics discussed.