Tariffs are taxes, so what does that mean for last year’s big tax cut?
Jun 1, 2018

Tariffs are taxes, so what does that mean for last year’s big tax cut?

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It's been a while since one of President Donald Trump's tweets made economic news, but today he kind of scooped the rest of the government. "Looking forward to seeing the employment numbers at 8:30 this morning," he tweeted, potentially violating a federal rule against discussing that job report early. We'll talk about why that matters. Then, more from the brewing trade war, including more of your questions and a look at whether rising tariffs will undo recent tax cuts. Plus, an interview with the first American to study at a North Korean university. But first, as always, we'll recap a wild five days gone by on the Weekly Wrap. (06/01/2018)

Segments From this episode

What North Korea looks like with capitalism "creeping in"

Jun 1, 2018
In 2016, writer Travis Jeppesen became the first American to study at a North Korean university.
Men push their bicycles past portraits of late North Korean leaders Kim Il Sung, left, and Kim Jong Il in Pyongyang in 2017.
ED JONES/AFP/Getty Images

Trump is blocking appointments of WTO judges. Here’s why

Jun 1, 2018
More of the tariff skirmishes between the U.S. and China, the EU, Mexico, Canada, and other countries are likely to end up at the World Trade Organization. That’s because the WTO is supposed to help mediate trade battles. The problem is, President Donald Trump has been working to undermine the WTO’s authority by vetoing all […]

Fears of a trade war rekindled

Jun 1, 2018
We ended the week with a strong jobs report. But what about wage growth?
Work gloves are viewed on the factory floor at Quadrant, a high-end plastic processor, in Reading, Pennsylvania, in 2011.
Spencer Platt/Getty Images

It’s been a while since one of President Donald Trump’s tweets made economic news, but today he kind of scooped the rest of the government. “Looking forward to seeing the employment numbers at 8:30 this morning,” he tweeted, potentially violating a federal rule against discussing that job report early. We’ll talk about why that matters. Then, more from the brewing trade war, including more of your questions and a look at whether rising tariffs will undo recent tax cuts. Plus, an interview with the first American to study at a North Korean university. But first, as always, we’ll recap a wild five days gone by on the Weekly Wrap. (06/01/2018)

Music from the episode

Super Bass Nicki Minaj
68 State Gorillaz
Darling Real Estate
My Number Foals
Green Light Lorde