Economy & Business

Business news

Navigating the objection phase of the tariff exemption process

8 hours ago

This week, Commerce Secretary Wilbur Ross announced the first official exemptions and rejections for companies that applied for exclusions from steel and aluminum tariffs. For seven lucky companies, that means they'll get to stop paying the tariffs on specific imports — 25 percent for steel and 10 percent for aluminum.

How Trump's immigration policy is hurting commerce at the border

8 hours ago

In Brownsville, Texas, the neighboring city Matamoros, in Tamaulipas, Mexico, is just a 10-minute walk away. As the Trump administration's immigration policy causes tension nationally, Brownsville's local economy feels its effects first hand. Marketplace’s Andy Uhler spent some time on both sides of the border and talked with host Kai Ryssdal about what he saw. The following is an edited transcript of their conversation.

Germany automakers are looking for a better trade deal

9 hours ago

Steel and aluminum have been getting most of the tariff coverage, but automakers, specifically European carmakers, are getting some attention on their willingness to negotiate tariffs on U.S.-imported vehicles. Marketplace host Kai Ryssdal talked to William Boston, reporter from the Wall Street Journal, about the proposal and how that is going to play in the global car market. 

Kai Ryssdal: What is the proposal that does seem to be on the table here then?

Updated at 9:42 p.m. ET

Charles Krauthammer, the prominent Pulitzer Prize-winning columnist for the Washington Post and commentator for the Fox News Channel, has died.

His death was confirmed by Fred Hiatt, the editorial page editor for the Post. The cause of Krauthammer's death was cancer. He was 68.

In a 5-to-4 decision in the case of South Dakota v. Wayfair, the Supreme Court majority ruled that South Dakota can require online retailers that do not have a physical presence in the state to collect state sales tax on purchases by state residents.

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OPEC meetings are underway in Vienna, and for now, indications are that oil-producing countries will agree to lift some of the production limits they set 18 months ago. We look into how any changes out of the OPEC summit could ripple through the global economy.

Click the audio player above to hear the full story. 

More and more women have been willing to speak out about harassment and assault in the workplace since the #MeToo movement began last fall. And employers want to ensure they have no reason to do so – mainly for liability reasons. That's why they’ve begun to feel more wary about hiring, as Corinne Jones can attest.

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The White House unveiled a plan Thursday to merge the Education and Labor departments into a single Cabinet agency: the Department of Education and the Workforce. The proposal is part of a 132-page document outlining a broad restructuring of the federal government. The changes would require congressional approval.

The teen summer job is a vaunted tradition...one that is fading. Today's teenagers just aren't working at nearly the same rates as older generations did. Today we explore why, even with really low unemployment, the teen job market isn't picking up more. Some of it is because teens don't want to work, but some of it is also because employers don't want to employ them.

Music: "Black Surf Duel"

Do you think the Supreme Court shops online?

14 hours ago

We're asking because today a narrow majority ruled that online shoppers have to pay state sales tax, even if the business doesn’t have a physical presence in the state. We'll talk about what that means for companies like Wayfair, the defendant in this case, and consumers. Then we'll bring you the latest on gas prices for the summer. Plus: Brownsville, Texas, is just a 10-minute walk from Matamoros, a city in Tamaulipas, Mexico. As the Trump administration's immigration policy causes tension nationally, Brownsville's local economy feels its effects firsthand.

That's what Kansas Senator Pat Roberts said to Secretary of Commerce Wilbur Ross at Wednesday's Finance Committee hearing. He also asked if Ross would personally call one of his constituents, Mike Bergmeier, who works at a company that makes agricultural equipment in Hutchinson, Kansas. Ross promised to call Bergmeier and he kept that promise. We also gave Bergmeier a call to see what he had to say about steel tariff exemptions in the agriculture industry.

Supreme Court rules for states in online sales tax case

16 hours ago

The Supreme Court says states can force online shoppers to pay sales tax.

The 5-4 ruling Thursday is a win for states, who said they were losing out on billions of dollars annually under two decades-old Supreme Court decisions that impacted online sales tax collection.

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