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Unknown Host
As NPR's daily economics podcast, the Indicator, has been asking businesses how tariffs are affecting their bottom line.
Lakshmi Singh
I paid 800,000 today.
Unknown Reporter
You paid $800,000 in tariffs today?
Unknown Interviewee
Yes.
Unknown Reporter
Wow.
Unknown Host
And what that means for your bottom line? Listen to the Indicator from Planet Money. Find us wherever you get your podcasts.
Lakshmi Singh
Live from NPR News, I'm Lakshmi Singh. President Trump's facing another legal setback. A second federal court is now Trump's authority to unilaterally impose tariffs. It ruled in favor of two Illinois toy importers. This decision comes less than a day after the Court of International Trade also ruled against Trump's tariffs policy. The administration says it'll appeal the matter all the way to the Supreme Court. White House press Secretary Caroline Levitt presented a forceful defense today.
Caroline Levitt
The president's rationale for imposing these powerful tariffs was legally sound and grounded in common sense. President Trump correctly believes that America cannot function safely long term if we are unable to scale advanced domestic manufacturing capacity, have our own secure critical supply chains, and our defense industrial base is dependent on foreign adversaries.
Lakshmi Singh
The Trump government's also in a legal standoff with Harvard University over an attempt to prevent the school from enrolling international students. And adding to the turmoil, the government's tightening visa restrictions. The move stands to affect hundreds of thousands of Chinese students studying in the US and many more seeking to go to school here. For member station GBH in Boston, Kirk Carapaza reports. Trump supporters see it as a national security issue.
Unknown Reporter
Secretary of State Marco Rubio says the focus will be on students tied to the Chinese Communist Party or studying in critical fields. Right now, more than 270,000 Chinese students are enrolled in U.S. colleges. Simon Hankinson, a senior fellow at the Heritage foundation and longtime foreign service officer, supports more visa scrutiny.
Unknown Interviewee
In my career over 23 years, I saw us go from one sheet of paper front and back to multiple forms online. And I think the more information we have about people that we let into the country, the better.
Unknown Reporter
International education advocates here in Massachusetts, though, call these restrictions self defeating. For NPR News, I'm Kurt Carapezza in Boston.
Lakshmi Singh
The head of the US Census Bureau says the federal agency has lost more than 1,000 employees, part of the administration's push to shrink the federal government. NPR's Hansi Lo Wang reports. The agency is now planning to scale back its work on producing statistics for the country.
Ron Jarman
Speaking at a Data Users conference, the Census Bureau's acting director, Ron Jarman, compared over 1,000 employees around the country taking early retirement or voluntary separation offers to a pivotal Marvel movie scene with the supervillain Thanos.
Unknown Interviewee
For those of us who are still here, it feels a little bit like Sam snapped his finger and a lot of your friends and colleagues went away. But fortunately they didn't turn into death. They just retired. But this is going to have an impact.
Ron Jarman
German said the bureau will keep giving high priority to the 2030 census and the surveys that produce key economic indicators. But the bureau is figuring out what other statistical work it will stop doing. Many census advocates are concerned about the bureau's ability to produce accurate 2030 census results that are set to be used to redraw voting maps in the next decade.
Lakshmi Singh
That Tanzi lo Wang. It's NPR. Amid President Trump's trade wars, the U.S. economy shrank in the first quarter today. The government posted a 0.2% decline in the January to March period during which many US Companies raced to bring in foreign goods before new tariffs took effect. Best Buy is among the companies to cut its annual profit outlook due to on again, off again tariffs. The electronics retail giant has already increased prices on some items, adding to factors likely complicating fiscal projections. Last night's federal court ruling that struck down many of President Trump's tariffs. Roughly 140,000 people die every year from snake bites. Experts gathered at the World Health assembly in Geneva to talk about a problem that's often hidden. NPR's Jonathan Lambert with the latest.
Jonathan Lambert
Venomous snake bites aren't often at the top of the global health agenda, but each year millions of people get bitten, often far away from antivenom treatment. To raise awareness, a new initiative called Strike Out Snakebite scattered human sized snake statues throughout Geneva.
Lakshmi Singh
They were pretty spectacularly coloured and colourful and pretty large.
Jonathan Lambert
They certainly, I think, attracted lots of attention. That's David Lalou, vice chancellor of the Liverpool School of Tropical Medicine. Going forward, he says the initiative aims to boost funding for antivenom research and help bolster health systems so they can get bitten people to treatment before it's too late. Jonathan Lambert, NPR News.
Lakshmi Singh
U.S. stocks are trading higher this hour. The Nasdaq is up 51 points, the S&P has climbed 13, and the Dow is up 10 points. I'm Lakshmi Singh, NPR News.
Jonathan Lambert
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NPR News Now: May 29, 2025, 2 PM EDT - Detailed Summary
On the May 29, 2025, episode of NPR News Now, host Lakshmi Singh delivers a comprehensive update on the latest national and international news. This summary captures the key topics discussed, notable quotes, and insights provided during the broadcast.
The episode opens with an update on the ongoing legal battles surrounding President Trump's tariff imposition strategies. Lakshmi Singh reports that a second federal court has ruled against Trump's authority to unilaterally impose tariffs, siding with two Illinois toy importers. This decision follows a recent ruling by the Court of International Trade, which also negated the administration's tariffs policy.
Notable Quote:
Despite these setbacks, the Trump administration has signaled its intention to appeal the decisions further, potentially reaching the Supreme Court.
Lakshmi Singh continues with the Trump administration's legal confrontation with Harvard University regarding the enrollment of international students. Coupled with the administration’s tightening visa restrictions, these measures are poised to impact hundreds of thousands of Chinese students pursuing education in the United States.
Key Insights:
However, international education advocates argue that these restrictions may be counterproductive and self-defeating. Kirk Carapezza from GBH in Boston highlights the divide in perspectives, noting that supporters view the restrictions as vital for national security, while critics fear negative repercussions on academic institutions and international relations.
The episode sheds light on significant staffing challenges within the US Census Bureau. Lakshmi Singh reports that over 1,000 employees have left the agency, a move attributed to the administration's broader effort to reduce federal government size. This exodus threatens the bureau's capacity to deliver accurate statistics for the upcoming 2030 census.
Notable Quote:
Jarman elaborates on the impact of these departures, stating, "For those of us who are still here, it feels a little bit like Sam snapped his finger and a lot of your friends and colleagues went away. But fortunately they didn't turn into death. They just retired. But this is going to have an impact." Concerns are mounting among census advocates regarding the bureau's ability to produce reliable data necessary for redrawing voting maps and informing economic policies.
Amid ongoing trade tensions, the US economy experienced a contraction in the first quarter of the year. Lakshmi Singh highlights a 0.2% decline in GDP from January to March, a period marked by US companies striving to import foreign goods before new tariffs took effect. Retail giant Best Buy has responded by reducing its annual profit outlook and increasing prices on select items, reflecting the broader economic strain caused by fluctuating tariff policies.
Key Points:
Shifting focus to global health, Singh reports on the alarming statistics of snakebite fatalities, with approximately 140,000 deaths annually. During the World Health Assembly in Geneva, experts addressed the often-overlooked issue of venomous snake bites, which frequently occur in regions with limited access to antivenom treatment.
Initiative Highlight:
Notable Quote:
The initiative aims to secure increased funding for antivenom research and strengthen health systems to ensure timely treatment for snakebite victims.
Concluding the episode, Lakshmi Singh provides a brief update on the US stock market, noting a positive trend in trading:
This uptick suggests cautious optimism among investors despite ongoing economic and political challenges.
Conclusion
The May 29, 2025, episode of NPR News Now offers a multifaceted overview of pressing issues, from legal battles over trade policies and shifts in international education to workforce reductions in federal agencies and global health initiatives. Through detailed reporting and insightful commentary, the podcast provides listeners with a nuanced understanding of the factors shaping the current socio-economic landscape.