Percent on July 1st and then continue to rise until it reaches 25 percent Rufus year except president of the national foreign trade Council says the tariff will raise the cost of many products for American consumers he calls the move dangerous and he stabilizing or raising terrorists indiscriminately on everything that we buy from Mexico. That will cause immediate damage to a lot of u.s. Manufacturers trumps announcement also threatens to halt congressional action on his proposed North American Trade Deal Shannon had sent n.p.r. News Washington Missouri's only clinic that provides abortions to women will be able to remain open for the time being just hours before the St Louis area Planned Parenthood facilities license was due to expire a judge issued a temporary restraining order has n.p.r. Sarah McCammon the state judge in Missouri is not weighing in on the merits of this dispute yet he is simply putting a stay in place and saying that the status quo can continue which means that abortions can continue to be performed at the clinic in St Louis that this Planned Parenthood clinic decision has yet to be made but a hearing has been scheduled for early next week and at that point both sides will have a chance to make their case to the judge about whether or not the clinic should be able to continue as it's been operating for the long term there are reports this evening of multiple injuries in a shooting at a ministerial center in Virginia Beach Virginia though this point details including how many people were wounded or possibly killed in the incident remains sketchy police there have confirmed that one suspect has been taken into custody at least some of the injured have reportedly been taken to area hospitals across much of the West and Midwest flooding continues with some levies now being overtopped as a result of recent storms and relentless rain the fast flowing Arkansas River smashed a 40 foot hole in a levee and world western Arkansas some areas in Missouri were being evacuated today and while river levels were. Olinger Tulsa Oklahoma g.t. Bonum says residents are not out of the woods yet for right now we are still in a flood event the elevation of the river is still in flood stage and the capacity of that dam is still not where it needs to be to safely insulate all of us from a major rain event upstream bottom says those residents who evacuated due to high water level should not return home yet Wall Street may have started out the month of May Ok but ended anything but the Dow down $354.00 points today this is n.p.r. Support for n.p.r. Comes from n.p.r. Stations other contributors include the Joyce Foundation committed to advancing racial equity and economic mobility for the next generation in the Great Lakes region learn more at Joyce f.d.m. Dot org and the ne ek c. Foundation from w.e.b. News in Atlanta Good afternoon I'm Jim Burress partly cloudy skies 86 degrees at 6 o 4 more now on President Trump's threat to add up to a 25 percent tariff on all Mexican imports Emory University Business Professor Ray Hill says Trump is using politics to solve a foreign policy problem problem basically we're saying let's inflict a lot of pain on American consumers to solve a political and social problem and there's got to be a better you know foreign policy solution than what the administration you know stretch they did they right now the president's plan calls for a monthly increase until the tariff reaches 25 percent Mexico is the u.s. Has largest trading partner air b.n. B. Host in Georgia earned about 160000000 dollars last year proving short term rentals can be lucrative but the platform's popularity is facing pushback Yelena business Chronicles Crystal Edmonson reports in Greene County on the shores of Lake County property owners must get permission from neighbors if they want to use their home for short term rental Sandy. Springs requires owners to take out a business license the city of Atlanta doesn't have an official rule some council members say new laws aren't necessary that nuisance laws could quell rowdy guests but the state's lodging industry says short term rentals have an advantage over traditional hotels since most communities don't collect sales taxes or the $5.00 per night room fee the state requires of hotel guests earlier this year the General Assembly considered too short term rental bills neither bill made it out of committee from the Atlanta Business Chronicle I'm Crystal Edmonson for news. And there's more local news and w a b e dot org overnight expect loads to fall to the mid sick mid sixty's under partly cloudy conditions and for your Saturday lots of sunshine warm with a high of 88 sunny and 94 Sunday. From n.p.r. News this is All Things Considered I'm Ari Shapiro And I'm Audie Cornish the financial markets took a tumble today after President Trump threatened to impose tariffs on all goods imported from Mexico Trump wants the Mexican government to stop the flow of illegal immigrants from Central America into the u.s. He said he would impose a 5 percent tariff on June 10th and then steadily raise it if no progress is made out of talk about the economic impact of these latest tariffs we turn to N.P.R.'s Jim And Jim let's just start with how the markets reacted today Yeah well the markets are are worried because the economies of the United States and Mexico have become really intertwined as a result of NAFTA Mexico is now the 2nd largest market for u.s. Products after Canada we sell a lot to them they sell a lot to us now Trump already risked disrupting that relationship by renegotiating NAFTA last year the Us Mexico and Canada were able to come up with a revised agreement and it really looked like things were were getting back to normal and then yesterday Trump disrupted everything all over again by imposing these new tariffs for reasons having nothing to do with trade and the markets don't like it can you give us an example of how these economies are intertwined. The auto sector for example let's say you have a car that's made in Mexico and sold here it has many thousands of parts they may be made in Canada these parts may be made in the u.s. Or Mexico maybe even a 4th country and these parts go back and forth over the border multiple times before the car is finished so we have this elaborate supply chain for autos that's been built up and if you start to slap tariffs which are a kind of tax on these parts every time they cross the border it gets you know not only really complicated but really expensive especially if if Mexico retaliates with tariffs of its own does present. In trying to have the legal authority to impose these tariffs or does Congress have to get involved you know I was wondering that too and I put the question to Matt Gold who was a trade official in the Obama administration and he said Trump probably does have the authority to do this Congress has delegated to the president the power to impose certain temporary tariffs but Gold says this is almost certainly a violation of international law we're definitely violating both the World Trade Organization agreements that we have in Mexico and the NAFTA agreement that we're having with Mexico and very very major ways with very very scary long term potential impact and Gold says the u.s. May have some legitimate issues about immigration but tariffs aren't the way to deal with it it's better to deal with it through some diplomatic channels only he says Trump at this point just doesn't have that much credibility with the Mexican government any previous American president Republican or Democrat would have had a good enough relationship with the Mexican government to be able to solve this problem without such a dramatic and self damaging measure Can we talk more about their relationship how is Mexico reacting Well the response from Mexican president Lopez Obrador was pretty subdued he said he would send a government official to Washington to discuss the matter and there has been a bit more pushback from other places the Wall Street Journal says trade representative Robert light hisor is actually opposed to the new tariffs he is worried that they will jeopardize passage of this revised NAFTA this u.s. Mexico Canada agreement which already faced a pretty uncertain future in Congress also Iowa Senator Chuck Grassley said today what Trump did was a misuse of the president's tariff authority of course is a big agriculture state and farmers there sell a lot of products to Mexico so they will be heard especially if Mexico decides to retaliate with tariffs of its own that's N.P.R.'s. Thank you you're welcome the trumpet ministration says it will impose those tariffs if Mexico doesn't stop the flow of migrants at the u.s. Border immigration experts question whether that's something Mexico can do as N.P.R.'s Joel Rose report reports Mexico's enforcement is already stretched thin by the flow of migrants from Central America the White House says Mexican authorities could easily halt the flow of migrants crossing their country and route to the u.s. And the head of the Border Patrol union agrees yet as we've seen it before I mean we already have a history of this and it has worked so this presumably would obviously work again that's Brandon Judd speaking today on N.P.R.'s Morning Edition Mexican authorities help limit the surge in unaccompanied children coming to the u.s. In 2014 for example by discouraging them from traveling on La Bestia the freight trains that migrants used to travel the length of Mexico former border security officials say cooperation from the Mexican government has been important in the past but those same experts are skeptical that the trumpet ministrations ultimatum will suddenly stop the huge numbers of migrants crossing the southern border each month this massive problem and Mexico doesn't have the border security infrastructure that we have u.s. John sandbaggers a former head of u.s. Immigration and Customs Enforcement under President Obama he says Mexico's immigration forces are much smaller than their u.s. Counterparts they too have been overwhelmed by the huge number of migrants from Guatemala Honduras and El Salvador most are families and children fleeing from violence and poverty Gustavo more harsh served as Mexico's undersecretary for migration during the Bush and Obama administrations he says Trump's demand is unreasonable asking Mexico to be. There stood people that will do anything they can to try to at least have a chance to save their lives isn't asking for something those who built the chief the White House says Mexico could quote quickly and easily unquote stop migrants from crossing its southern border with quote Amala n.p.r. Has reported that Central American migrants move easily across that border on foot through the jungle or at official checkpoints where smugglers have paid off immigration officials for Mexico to really grapple with this problem experts say it would have to beef up its immigration forces and root out corruption but that will take time and an outsized effort President Trump keeps going for the quick fix but there isn't a quick fix and there's no quick fix in what the u.s. Government can do and there isn't a quick fix on what the Mexican government can do Andrew Seeley is president of the nonprofit Migration Policy Institute in Washington essentially what you see is the u.s. Government hasn't been capable of figuring out how to respond to this massive flow and Trump seems to be throwing the ball to the Mexican government to do it but they also are not in a position to do much more Sally says the Mexican government already does cooperate with u.s. Immigration authorities it's deported tens of thousands of Central American migrants and allowed thousands more to stay in Mexican border towns while they wait for their day and u.s. Immigration courts under the Trump administration's controversial remain in Mexico policy John sandbag says right now the Mexican government takes back its deported nationals quickly the administration to be very careful here because it makes no doubt about the cooperation it can get a lot worse very quickly making a bad situation at the border even worse Joel Rose n.p.r. News Washington. Much of the central u.s. Is under water this week for major rivers in the middle of the country or at various stages of flooding they've also been multiple outbreaks of deadly and damaging tornadoes all begs the question is this what climate change looks like joining us from Arkansas where the Arkansas River is flooding is N.P.R.'s science reporter Rebecca her sure and Becky 1st just describe where you are what you've seen Well I'm sitting right next to the Arkansas River and the water here is so powerful you can hear in the background the waves are crashing as if it's on a beach actually a public park and this is a big wide flat river usually has a lot of barge traffic and when it floods the water gets high but really what it does is it gets wide it spreads out as far as it can and in a place this flat that means it floods your home all the way up to the rafters in some places I've been and it floods roads which is a problem because even if you live and you work on high ground your power to work or school might be blocked by high water so the governor of Arkansas says that's going to cost the state $23000000.00 a day so taking a step back this question about climate change is this flooding happening because of climate change well in short yes sort of this river is high because of extreme rain so when it rains here now it rains more than it used to in the past and that's in line with what we would see under climate change conditions the National Climate Assessment predicts that when it rains it's going to rain more in the future because warmer air can hold more moisture and actually already we're seeing that in the Midwest and along the east coast sometimes 50 percent more rain is falling in a single rain event than used to earlier in the century I hear a lot of pain managers use the word unprecedented it's the kind of rain that we just haven't seen in the past what does this mean for places in the Midwest and south. Well there's a lot of stress on infrastructure that really was not built to hold this so all along the river along rivers like this there are levees. And in places like this they were actually built to make sure there's enough water for barges to ship things down the river they really were not designed to hold back flood water at all and they really weren't designed to hold back this amount of water for this long the water has been high for days it's going to be high for weeks more so you can imagine it's really nerve wracking when your whole livelihood is behind a pile of sand that was not even designed to keep it safe in the 1st place from something like this what are emergency officials doing. Well it's really hard for emergency officials here I've talked to a handful who have said that because this such a slow moving disaster you know multiple rain events the river rising relatively slowly over the course of weeks it's hard to convince people to leave sometimes for example I met a man who had evacuated with his 4 kids his neighborhood was under threat from the river but he can't get his sister in law to evacuate because she says well this is never happened before why would it happen this time and now the river has cut off access to the neighborhood so even though her house isn't flooded she can't get out and then there's the hurricane season that starts in the Atlantic tomorrow and of course hurricanes are changing as the earth warms this is sort of a classic archetypical climate affected weather system they're getting larger and wetter they're dropping more rain Think Hurricane Harvey in Texas and 2017 Think Hurricane Florence in the Carolinas last year this year the Weather Service predicts a normal year and putting that in scare quotes that means $2.00 to $4.00 major hurricanes but it only takes one of those hitting the u.s. To do a lot of damage so it all adds up to just an enormous amount of flood danger for a lot of Americans that's n.p.r. Science reporter Rebecca her Sure thank you thank you thanks. You're listening to All Things Considered from n.p.r. News. With high demand for affordable housing that many economists think the condo market should be booming yet on the new construction this is just one of the uses for the ever really recover after the Great Recession condos coming up on Marketplace in about 12 minutes here on member supported 90 point one w. Maybe even. N.p.r. Whether you live in a condo apartment or home when you walk in the door all you have to do is tell your smart speaker played w a b e and keep the programming coming your way. I'm Jim Burris is 618 partly cloudy skies 86 right now in the city overnight lows will fall into the mid sixty's and for your Saturday lots of sunshine and a high of 88. Support comes from Dmn restaurant group including Carroll Street Cafe located in historic Cabbagetown serving a collective cuisine in a neighborhood setting and European inspired sister restaurants operate him. In midtown. Are you looking for some exciting new music to amplify your playlist. We share some of our favorite records that are flying underneath the mainstream radio this week and Sound Opinions this evening at 790 point one. Night at 7 get in-depth coverage of issues in current events from one of the most trusted news programs on television watch p.b.s. News Hour tonight at 7. Support for n.p.r. Comes from this station and from Paramount Pictures with Rocket Man a musical journey through Elton John's breakthrough years starring terrine Edgerton now playing in theaters from Jones Day an integrated partnership collaboratively providing legal services for more than a century 43 offices 5 continents serving clients as one firm worldwide learn more at Jones Day dot com and from the Arcus Foundation dedicated to the idea that people can live in harmony with one another and the natural world. From n.p.r. News it's All Things Considered I'm Audie Cornish and I'm Ari Shapiro Friday afternoon means it is time to review the week in politics this week several more state governments moved to restrict access to abortion special counsel Robert Muller spoke publicly for the 1st time since he was appointed 2 years ago and last night President Trump made trade threats against Mexico saying he will tax goods that cross the border into the u.s. We're going to talk about all of that with Guy Benson of town hall and an experiment of the Young Turks Network Welcome to both of you and I thank you for having me Ok let's start with trade the White House says these tariffs will start in June at 5 percent increase every month on all goods coming into the u.s. And when Acting White House chief of staff Mick Mulvaney was asked last night whether President Trump understands that American businesses and consumers will pay these increased costs here's what moving he said Americans are paying for this right now illegal immigration comes at a cost the American taxpayer is paying for what's going on at the border guy do you think this argument going to hold water when Americans have to start paying more for things no not even close this is I think both bad politics and perhaps even worse policy right the Republican Party is already splintering on this understandably so and this comes with the backdrop of negotiations with China over trade I think a lot of people are more open to the idea of taking a harder line on China now you're opening up another sort of front in this whole fight with the neighbor to the south a huge trading partner while you're also trying if you're the president to get Congress to be convinced to pass the new NAFTA right then you have some c.r. And then with all of that in play you also have what we just heard there the response from Mulvaney trying to play down the fact that this is affectively a tax increase on u.s. Consumers it's like they're trying to figure out ways to hurt themselves on their strongest issue of the economy but Ana American consumers do seem to have absorbed the chair of the tariffs on goods coming in from China without much pain why wouldn't the same to be true of goods coming in from Mexico. Well I think right now American consumers are just feeling the very tip of the iceberg and the situation is going to become much worse if Trump continues on with this nonsensical a nuanced approach at this trade war so we have to keep in mind if you look at the bigger picture wages have remained stagnant for the vast majority of American workers and once you put the rising cost of goods on top of that issue American consumers are certainly going to feel that and I just want to quickly add that whether it has to do with Trump's wall at the border or if it has to do with who ends up paying for these tariffs at the end of the day Americans are paying for Trump's failed immigration policy and it's about time that the Republican Party stands up to trump over these failed policies I'm really happy to hear you know Guy Benson come at this from a more critical perspective because the way Mulvaney is trying to spin this is absolutely ridiculous there's actually been a lot of Republican criticism I mean Chuck Grassley has a very powerful Republican senator from Iowa has been critical of the move c n b c is reporting that even prominent members of the president's own administration oppose the tariffs in another part of the program we're going to hear from the Bradley of the u.s. Chamber of Commerce and this is just part of what he had to say about it the imposition of these terraces been proposed by the administration would do nothing to solve the very real problem at the southern border if anything in weakening the economy it might make the problem worse the president does have a pattern of threatening to do things because of a crisis and then declaring the crisis solve the not doing nothing he threaten the guy do you think that's possible in this case yes I do because we've seen it a few different times and to be clear I think that there is a crisis at the border or something needs to be done about it I think Congress should act I have a serious problem as do many Republicans I'm hearing from linking trade policy punitive coercive trade policy with that problem especially on this ludicrous accelerated timeline you know it is it makes no sense so Ana how do you see this ending. I don't know how this is going to end because as we've seen over and over again Donald Trump is quite a bit of a wild card and he is the type of person who has thin skin a big ego and will retaliate against anyone who tries to go against him on any of these policies let me give you one specific example Larry Kudlow his own economic adviser in an interview on Fox News admitting that American consumers are going to absorb the cost of these tariffs and Kudlow was apparently met with viciousness by Trump as a result of conceding the obvious and he did so so sheepishly because he knew how Trump would react I don't know how this is going to end right now it doesn't look like it's going to end well let's turn away from tariffs and talk about Special Counsel Robert Muller's final statement as he resigned from that position and I'm curious whether both of you think this statement on Wednesday changes the political dynamic for Democrats on the question of impeachment several Democratic presidential candidates said Wednesday that they think their party has a constitutional obligation to start impeachment proceedings one of them was Senator Kamel Harris we must put country before party on a fundamental interest that is about the integrity of our democracy but House Speaker Nancy Pelosi is still urging her party to go slowly many constituents want to impeach the president but we want to do what is right and which gets results but gets results and I do think Palosi can continue to resist the pressure from within her own party. I think that she will certainly try to continue to resist and it's hilarious because on one hand she argues that she resists Donald Trump and his policies but in reality she's resisting doing something incredibly important about a constitutional crisis she's worried that this will hurt the Democratic Party and she's using what happened to Bill Clinton as an example of that but the reality is Bill Clinton's you know impeachment situation was very different from what we're dealing with with Trump now do I think that the Senate is going to you know actually do the right thing considering that it's completely dominated by Republicans right now no I don't think they'll do the right thing but it doesn't matter to allow someone to break the law to obstruct justice with no consequences is absolutely unacceptable whether it's a Democrat or Republican president guys you think this is a turning point for Democrats I do because between Justin Amash coming out the Republican from Michigan being the lone Republican to endorse impeachment proceedings beginning and then Mahler's statement what you called his final statement that's what he hopes I think we might hear from him again because there are questions I would like for him to answer he might get subpoenaed there does seem to be a sense of momentum behind this notion of kicking off the impeachment process I think Nancy Pelosi is a political judgment here she's very smart on these things tactically I think she's right I think the polls show by double digits the American people are opposed to impeachment but whether she can call off the dogs that are getting louder and louder than her party I think that remains to be seen and finally I want to ask about Louisiana being the latest state to pass a strict anti-abortion law and a do you think we've seen the return of the culture wars here absolutely we've been embroiled in the culture wars for quite some time now and this nonsense about how you know the right wing is doing this to save children is just so incredibly hypocritical especially when you consider the large number of children who are food insecure right now we have 12000000 children who are food. Food insecurity 40000000 Americans overall we have 40000000 Americans living in poverty one in 6 children living in poverty it's just unacceptable we have so many real issues that we need to face right now that actually do harm the lives of children but we just keep ignoring the guy with the last 30 seconds I want to give you a final word while many believe that abortion and is the lives of children so that's a significant point from the pro-life perspective within the movement what I think is interesting about Louisiana's heartbeat law is that it was passed with this broad and diverse coalition including many Democrats and signed by a Democratic governor I think it's likely to be struck down but that is an interesting I think encouraging thing to many pro lifers Benson of town hall and and of the Young Turks Network thank you both and have a great weekend thank you so much you too. And that's it for this the Friday edition of All Things Considered on member supported 90 point one w a b e l meets n.p.r. Coming up next given the demand for affordable housing you'd think condos would be booming you would be not right we'll tell you more next on Marketplace such a corner is our producer I'm Jim Burress in your forecast for your Friday evening partly cloudy conditions with a low of 65 mostly sunny for Saturday and a high of 88 thanks for listening to 90 point one w.e.v.e. It's 630 support for w a b e comes from math Naisi I'm committed to changing lives through math by building math achievement problem solving and critical thinking skills for students in 1000 franchised locations with 30 in and around Atlanta math Naisi I'm dot com and from us that ix International USA introducing hair restoration utilizing the minimally invasive Neo graft machine locations in Alpharetta in Marietta and consultation info at aesthetics hair restoration dot com. Marketplace is supported by Progressive Insurance small business protection for more than vehicles with specialized coverages to protect against financial loss more progress at commercial dot com What do you do if one trade war is not enough why you threaten to start a 2nd one of course from American Public Media this is Marketplace. Marketplace is supported by personal capital committed to transforming financial lives through technology and people learn more at personal capital dot com and online test prep for the t.s.a. . That's designed to improve school hours students can get video lessons practice questions and expert support online at Magee shop. In Los Angeles on car Ryssdal It is Friday today the 31st of May good as always to have you along everybody just clear the trade wars in question are the one with China of course which has been discussed ad infinitum here and elsewhere the new one the president threatened last night with Mexico 5 percent tariffs to start with effective in something like a week and a half and then just as a bonus let's remember he likes to talk the president does about putting tariffs on cars too so that is where we start today Ok Davidson is with The Wall Street Journal so McCain's is at the Economist everybody Hi Kate let me start with you and ask you about the well it appears to me anyway to be curious co-mingling of policy here trade and tariffs with immigration because that's what the president is interested in having the Mexican stop as a result of these tariffs discuss Yeah well so this is something that is making markets extremely nervous I mean they were already freaking out about tariffs and I think as I saw one analyst put it this is just soaring gas on the fire that you know that's that's concerning precedent I think that leaves investors wondering how else the tariffs could possibly be used by. Using this trade policy tool to enforce you know policy outside of trade so you know obviously more broadly they have these concerns about the knock on effects for the u.s. Economy some I think it's the uncertainty right piece of that that's the problem right so me let me ask you this if you are a potential trading partner of the United States whether it's Japan or you know the Chinese because they're certainly watching this and we do trade with them and the president does this even as he has just lifted steel and aluminum tariffs and oh by the way there's the new u.s. M.c.a. The Us Mexico Canada Free Trade Agreement that he wants gets on the Hill he does and then he does this what do you think can. I'm not thinking great thoughts to be honest so you know clearly if Mexico thought it had to deal with the us and then you know a deal which in theory was supposed to stop the 2 sides from applying to the arts and then trying goes ahead and threaten types anyway then what's the value of that deal and if you are trading pot now what's the point of making a concession to get a deal if the Americans just going to turn round off to 10 minutes and say oh no sorry actually we want more concessions from you. Well Kid What is the point then do you think I mean what what do you do if you're trying to go see a trade with not the American government right because there is an apparatus set up to do this in a coherent manner but according to reports today many in the White House were not even aware this was coming. Ok I don't know how to answer that question but I mean I know we we heard that. That the you know trade rep late hisor was not happy. If this is something apparently that the president talked about wanting to do for a long time but people had always talked him out of it. Has or has a good relationship with Nancy Pelosi had apparently been making progress behind the scenes in advancing the deal. And so you know I think that it sounds like he's pretty frustrated and someone else pointed out you know Secretary Treasury secretary Menuchin had been working with late has or someone pointed out he has not been on t.v. And you know while but we are hearing from Peter Navarro he's more of a trade hardliner So I think that's you know I'm a bad mother influential voice and shows sometimes how these the shifting influence inside the White House is really important Yeah you know 1st of all not knowing the answer to a trade question with this White House I think is perfectly acceptable right. But also since you mentioned Peter Navarro smale let me ask you this Norah went on t.v. Today said some things that are simply not true about tariffs he said the Chinese are going to pay in the Mexicans are going to pay. I guess the question is do you think he's gaslighting the American public or does he genuinely not know what he's talking about. Yeah I mean you know it's possible that Peter Navarro has not read the latest academic papers on the immediate impact of the steel tabs the trying to tire of the washing machine tires the solar panels tires all the evidence out that does suggest that at least in the short run it is the importers who are paying the cost of the tariff not China and not next ago it is possible that over the long long periods of time some of that adjusts maybe the Chinese or the Mexicans suck up more of the tariff but if you're thinking about the immediate hit these 5 percent types may be going up to 25 percent it really is Americans and you know of course lots of the trade going on across the Mexican border is essentially between companies that are very strongly very closely related to each other so actually you might have you know one American company that has both the import and export so ready then here is taxing an American company right and we're going to get to actually cars here in a minute with Kimberly Adams in which that is very much the case Kit let me ask you a question about the politics of the American economy the president's approval ratings have been virtually since the day he was elected something around 40 percent near historic lows. His strongest asset heading into the 2020 campaign is the economy and yet he keeps on stepping on it. Why. Oh I don't think I'm going to say Ok I don't have a look at it let me a let me say I did see you know our our fellow rapper Katherine Powell had a column on this today and he tweeted and saying you know why why is he doing this I mean the we saw in 20 teen was a big year for growth you know it seems that the it seemed that the tax cuts were kicking in businesses had a lot of confidence they were investing right it with all of the kind of scandals that seem to be surrounding this White House that was definitely a bright spot in this is undermining and now there are you know there is some speculation is this part of a bigger 2020 strategy you know is this a short term plan to make gains in important you know the area of the ongoing trade negotiations or in the trade space or is this just like part of you know ratcheting up tensions around national security ahead of the 2020 election it's tough to say it has to be said here and actually have to do in about 30 seconds because that's all the time we have but it has to be said for year and a half of trade unrest with this president the economy is still doing quite well we just got revised 1st quarter g.d.p. This week it's 3 point something percent. You know I think that has been one of the puzzles going in why has this you know shown up more with in the u.s. Economy I think part of the reason for that is actually the tires came on funny gradually I think when they were found and now there was this big hoo ha and then it took awhile for him to come in the ones and on China all ranting up in a fairly significant way this Mexico escalation would be a big one and and I think you know we would see as a result of a 25 percent tax on all imports coming in from Mexico some effect and that would be concentrated in places like Texas but that that a much more reliant America right to make change at the Economist and Kate Davidson at the Wall Street Journal thanks hooter thank you thank you how nice we can enjoy Friday Wall Street on this last day of last Friday rather of made by the way it was a lousy bad day a bad week bad month details numbers you know the drill. You know really not happy about possibly who knows maybe new tariffs on each and every single thing we import from Mexico as I was alluding to was making car companies that's who the big automakers in this country have built their entire supply chain around free trade with Mexico and so analysts and a whole lot of industry people in Detroit are scrambling to unpack just how a 5 or maybe if it goes this far a 25 percent tariff what effect on system and as Marketplace's Kimberly Adams reports the numbers do start adding up pretty quick. As you may have heard us say once or twice a tariff is a tax and import tax is one thing when you're talking about a single item like an avocado but a car has thousands of different parts and thanks in part to NAFTA Mexico is by far the largest manufacturer of auto parts that we sourced from here in the United States Gary Nelson is a senior equity analyst with c.f.r. a He says the u.s. Imported about $59000000000.00 in auto parts from Mexico last year we estimate a full 25 percent tariff were to be enforced that would increase the cost of the average automobile by anywhere from a 1000 to 1500 dollars that's because manufacturing a car is a cross border event Thorsten Sloc is chief economist at Deutsche Bank Securities some parts of content is initially produced in the us that is transported to be assembled in Mexico then because back to the u.s. When all value is added Sloc says that cross border dance going to happen $7.00 to $8.00 times before a car rolls off the lot and if Mexico retaliates there could be new taxes in both directions I mean that could be a cascading effect a cumulative effect of the Tara Christine McDaniels a senior research fellow at the merc a distance to toot but it's also really hard to imagine that this tariff would actually go into place just because of the heavy reliance that u.s. Businesses have on Mexico and vice versa in other words President Trump might have a few incentives to rethink his tariffs in Washington I'm Kimberly Adams for Marketplace elsewhere in car related news today ethanol the Environmental Protection Agency says it's going to lift the summertime ban that's been in place on the sale of gasoline mixed with 15 percent ethanol farmers Wentz corn and so the ethanol comes our happy environmentalist. And gasoline refiners 8 Marketplace's Nancy Marshall Genzer has that the e.p.a. Had restricted sales of this gas known as effect teen because it causes smog in more weather but now the e.p.a. Says retailers can sell it year round Josh price is a senior analyst at high capital markets he says this is President Trump fulfilling his promise to help farmers who grow corn for ethanol a lot of these farmers are being hurt by his trade policies so this is you know kind of a glimmer of hope that is trying to provide some corn growers in those Midwestern states the e.p.a. Says this isn't a political move the agency describes it as a compromise but refiners who have to mix ethanol into their gasoline they're not happy there are Morgan with the refiners trade group American fuel and petro chemical manufacturers says smaller refiners will struggle this summer because those refineries don't have easy access to ethanol and they have to buy it from others those refiners may not have to worry Morton says his group will file a lawsuit to stop summertime sales of a 15 environmentalists aren't happy either Benjamin leered of resources for the future says more ethanol could mean shrinking forests some land owners could shift their range or their forests into crop land to produce more ethanol and then that would have potential impacts on overall greenhouse gas emissions there won't be a huge impact at 1st one ethanol advocacy group estimates that sales will increase by around 2 percent over the next 5 years in Washington I'm Nancy Marshall Genzer. Among the known unknowns of the president's threatened tariffs on Mexico is what they are going to mean for the prospects of the recently signed but not yet ratified replacement for the. With American Free Trade Agreement of the many parts of this economy that the u.s. Embassy as it's officially known is going to affect farming in agriculture is a biggie so we have done what we do when we need and on the ground farming in agriculture source we've called Apple and hops farmer Patrick Smith up in Washington state whose biggest export market Obama the way is Mexico Hey Patrick is Kaya good guy how are you I'm good I'm good thanks for taking the time so we could call it trying to figure out what the hell is going on and sick on me that's all right actually when I woke up this morning and saw the news that you know it today kind of feels like a date and I'm going to hear from. Yeah kind of half expected there we go right so look. We went back and checked we had you on a January talking mostly about China tariffs and you were not wild about things this news today though with more tariffs coming on Mexico and what it might mean for the for the new NAFTA the Us m.c.a. Given how much of your apple crop you send to Mexico how you feel yeah I mean we had had hoped that things were beginning to turn around when the u.s. Dropped the steel tariffs in Mexico responded by dropping their tariffs on us out bills and other goods but. You know that there was good progress toward ratification of u.s. And ca but this action seems to threaten final approval of that deal on so not kind of feels like here we go again and I don't really understand the logic behind this new strategy Well I'm not sure anybody outside the immigration community in the White House does but let me ask a slightly different question and it goes like this as we've talked about before you cannot plan your apple crop right I mean trees are going to go up polls and they're going to be ready and in fact you know we talked like a year ago and apparently you're growing more apples than ever so what do you do when. Trade policy in essence Right that's what this is changes at the drop of a hat. Yeah makes it really hard to plan. And vestments in the future and exports of u.s. Apples are down about 30 percent year over year after a number of years of solid growth and that just backs up a lot of the product into the u.s. Market and yet it throws a lot of uncertainty into the mix in terms already uncertain business and so adding uncertainty on top of that makes people pretty nervous let me take a real quick turn to immigration because you know as we talked about when I was up there a couple of 34 years ago you count on immigrant labor to do a lot of your harvesting you did you know you do it the right way you do the visas and all that stuff but it's got to be hit near there too. Absolutely I mean this brings together trade and immigration policy which to farmers in our region is probably the 2 most impactful policy arenas and do in large part tech sports being down as I mentioned earlier prices for our goods aren't keeping up with the significant increase in labor costs that we've incurred over the last few years to just attract and retain the farm workers that we do have in a workable immigration policy that allows safe and legal labor to flow back and forth between the u.s. And Mexico's critical ability to grow abundant safe and healthy food for American consumers. When is Apple harvest I should know this talking to help a farmer but I don't want the harvest and and then what happens yeah harvest will start right around the middle of August and I will run into November typically appear in Washington so yeah I mean what happens well I mean we're going to do our best with that with the labor that we have many growers are utilizing the h. 2 a visa program now and including us and so we're pretty confident that we have the labor that we need right now to to harvest the crop this fall but that program needs reform and needs to come in in the form of a comprehensive immigration bill. Patrick Smith and his family are on Loftus ranch is up in Yakima Washington just cause I got to get the plug in here every time to grow hops to good beer up there I've had it. There's a cold work space remember condos anybody 1st though let's do the numbers. That's what I'm going with by the way. And if this thing down apologies to all trombone is out there down to 354.1.24000 feet 15 on this Friday the Nasdaq down $114.00 points one and a half percent 7453 s. And p. 536 points 1.3 percent 27 and 52 for the week the Dow off 3 percent the Nasdaq down 2.4 percent the s. And p. 500 up 2.6 percent for the week so talk about a right for down 2.2 percent today for g.m. Give up 4.2 percent. Cars rather in Mexico for the u.s. Market down 7 point one percent today if Chrysler Honda and Toyota down down and down and give you bonds here just as we've been talking about all week the yield on the 10 year Treasury notes 2.13 percent you're listening marketplace. Supported by the new epics original series perpetual Grace limited starring Ben Kingsley and Jackie Weaver young grifter. Who are not only appear to be premiers Sunday 10. Only. Committed to. Working for. Calm. You know that song you heard on Marketplace the one your. Don't you wish you knew what it was we got the whole list of the music we play on the show at our website marketplace dot org slash music. From news to number as you count on Marketplace to explain what you need to now get marketplace delivered to your inbox every day and never miss a beat subscribe to the newsletter at Marketplace dot org. This is Marketplace on Kyra's doll the Walt Disney company's latest money printing factory opened the day the long awaited Star Wars attraction galaxy's edge takes up 14 acres of Disneyland you can build and buy your own droid there for $99.00 drink a glass of blue milk at a cantina full of space smugglers and bounty hunters and otherwise spend a whole lotta real real money in a pretend world marketplace man also has that $1.00 when you walk into galaxies adds you're supposed to imagine that you've landed on this fictional planet called the 2 and Disney did some elaborate world building here. There's a full sized replica of the Millennium Falcon Chewbacca is wandering around and you can build your own lightsaber for $200.00 Dirk levy a writer for cinema blend did that as opposed to the fairly simple plastic sayings that you've been able to buy forever this is a pretty hefty help it makes you feel like you are really you know joining the jet galaxies ad has one ride at the moment and another in the works but done months all at the travel website now savors dot com says the rides aren't really the point the land is the ride of the experience of being there is supposed to be a lot of the enjoyment for worldbuilding is part of Disney's d.n.a. But galaxies and am set up with things like a smartphone app that lets you go on a secret mission for the resistance said Cooper ski who wrote the Unofficial Guide to Disneyland says galaxy's edge is a way for Disney to compete with the Harry Potter themed world the universal theme parks they showed that you can build an entire land around just one intellectual property and not only can you do it but it will make fans walk from all over the world and spend a lot of money on special merchandise and beverages that they can't get anywhere else on planet but $2.00 you've got 4 hours to buy your lightsabers androids after that a stormtrooper will score you out. For markedly. Back before the housing market went south Well I guess 13 years ago now there was a thing in real estate that was quite the thing back in the early 2000 builders couldn't build new condos fast enough an apartment building after apartment building was booting out longtime renters to go condo looking for young buyers trying to get a step up on the housing ladder to fast forward to today and given the condos are typically much less expensive than single family homes and that single family homes are out of reach for so many would be homeowners you'd think condos would be having a moment. Really we said Marketplace's Amy Scott to find out why. A concrete mixing truck has just arrived at a massive construction site in Denver Sunnyside neighborhood workers guide the concrete into a huge bucket which is placed it by crane to the 2nd floor or what will become the 2nd floor of an 8 story building. This is the future of Sunnyside a city blocks worth of apartments condos and retail space with a $116000000.00 price tag there's a rooftop skyline on a floor that has $360.00 degree views of the front range in downtown Denver Tim Walsh is c.e.o. Of confluence companies the developer and property manager there will be an automated package locker a yoga studio to sort of call the spa the call. There's a cold work space sounds pretty posh and it is the average price for a condo is $440000.00 but 20 percent of the units are designed to be affordable for working class Denver writes one $185000.00 for a one bedroom $232000.00 for at. Bedroom given the demand for more affordable housing you'd think there'd be a lot of projects like this historical e newly built condos have been a source of entry level housing Robert Dietz is chief economist of the National Association of Home Builders he says there aren't a lot of Sunnyside going up nationally builders added only 24000 new condo units over the past year compared to 60 to 70000 a decade ago and sales of existing condos have been falling for months on the new construction sod this is just one part of the industry that never really recovered after the Great Recession a big reason deets says is that condos are more expensive and complicated to build than apartments materials have to meet higher standards financing is harder to get and insurance costs are higher because of the risk of lawsuits over construction defects builders can make more money with apartments right now about 96 percent of multifamily construction is built for rent appears to about an 80 percent historic sure plus condos have an image problem Alison area fits with the urban policy think tank spur in San Francisco part of the reason for a lack of demand for condos is that perception that well people don't really want this or a family can't live in a buyer's worry their investment won't pay off more of them have been turning to town houses still more affordable than single family homes but they have that coveted front door but realtors say condos could get a boost from 2 types of buyers Yeah I called my bookends Denver broker Allie Carlson says at one end of the shelf for the young professionals wanting a foothold in the market and on the flip side there's a lot of people that have become recent empty nesters they're interested in the urban lifestyle downtown people like her client Charles Goldberg. This is our apartment for days. It's a loft space with exposed brick and enormous would be the building used to be a seed warehouse Charles and his wife Bonnie both retired lawyers recently sold their 4 bedroom farmhouse on Long Island in New York and bought this loft in downtown Denver to be closer to their daughter we wanted a place with public transportation we wanted a place which is walkable The other advantage that Denver has from our perspective . You heard it a New Yorker says we have culture another plus of condo living somebody else snow in Denver I'm Amy Scott. From the White House this afternoon this item President Trump is going to be giving the Presidential Medal of Freedom to Arthur Laffer next month Arthur Laffer perhaps best known for the Laffer curve and the not universally subscribed to theory shall we say no to supply side economics he is also an author Arthur Laffer is most recently of a book titled Trump on omics of which the subject of that book said an incredible book on my economic policies anyway laughter is getting the country's highest civilian award next month. The. Marketplace is supported by one the all in one solution for people with diabetes supplies our home delivered and personal blood sugars. And. The software suite for. Digital transformation using artificial intelligence to solve previously on solvable business problems learn more and see 3. Are at work here the Dow off $354.00 points today 1.4 percent the Nasdaq off $1141.00 and a half percent the s. And p. $536.00 points about 1.3 percent The music was composed by b.j. Lederman marketplace is executive producer is Nancy. Is the senior vice president and general manager. We can Everybody we are back. This is a pm. This is member supported 90 point one w a b e and lead. To. Support for comes from the Fox Theater presenting. With guest Justin Townes Earle on Saturday June 1st at 8 pm tickets for Rodriguez are available at Fox Theater dot org or the Fox Theater ticket office and from Chickaree wealth of fee based sustainable wealth management firm specializing in holistic financial life planning and values based investing chicory wealth integrating money and meaning chicory wealth dot com. Is not you work out regularly it's. Your morning. Right when you walk the dog today maybe owning a left Morning Edition is part of your routine you wake up to the news you need and the variety that keeps things interesting every day with Morning Edition from n.p.r. 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