Live from NPR News on Giles Snyder, the Trump administration is moving forwar...
tariffs.
“There to take effect in about an hour as temporary blanket tariffs expire, the new tariffs”
of 10 to 12.5 percent will be on goods from dozens of the U.S. as major trading partners,
and Piers' annual Kurt Slave in reports on the latest changes. The new tariffs cover 59 countries and the European Union. According to the U.S. Trade Representative's office, more than 99 percent of U.S. imports come from those economies. However, a broad swath of goods are exempted, including energy.
The tariffs were created under a law that allows tariffs against countries with unfair trade practices. The administration says the new tariffs are on economies that import goods made with forced labor. The tariffs go into effect at the same time that a global blanket tariff of 10 percent expires.
The administration has imposed tariffs using several laws after the Supreme Court ruled a raft of Trump's tariffs on lawful in February. Danielle Kurt Slave and NPR News
“The new tariffs are drawing protests on Australia and Brazil are describing them as unjustified”
in a statement. Massachusetts Democratic Governor Murrah Healey sought to tie them to the affordability issue, saying they will result in higher costs. Mortgage rates are high as they have been in almost a year, and Piers Stephen Bassahas is a war with Iran as driving up the cost of borrowing.
The average rate for a 30-year mortgage hit 6.58 percent this week, the highest since August
last year. Rates were falling earlier this year, and even fell below 6 percent in February. The first time in three and a half years. But then the war with Iran started. The uncertainty and inflation fears that came with the wars shook the bond market, raised
the cost of borrowing, and drove mortgage rates back up. Now the war is expanding in mortgage rates are rising again, as pending home sales fall. Redfin reports pending sales this week are at their lowest level in three months. Stephen Bassahas and Piers News
“Congress remains divided over President Trump's handling of the Iran War.”
And Piers Klutky or Salas reports that lawmakers were split on votes today pushing Trump to end the conflict. The Senate voted against advancing a measure to force Trump to end hostilities against Iran. Shortly after the House voted to approve a similar resolution, Senate Democratic Leader
Chuck Schumer says his party will keep forcing the votes. It was perfectly appropriate and right, and part of our obligation as the opposition party to force our Republican colleagues to vote again and again and again until they see the white. However, most Republicans argued that the measures would weaken the U.S. position with
Iran for House Republicans joined Democrats to approve a war powers resolution while fewer decided to cross the aisle for a similar measure in the Senate. Claudia Desalis and Pierre News, the capital. Yeah, and you're listening to NPR News. That big storm that's brought heavy surf and some flooding to Southern Louisiana and Texas's
weakening. That asked to Hurricane Senator Miami says that it's final advisory on bertha that it has degenerated into a trough, but that its remnants are still capable of dropping up to four
inches of rain and isolated spots over South Texas for the came ashore for a second time
Thursday near Galveston, Texas. Eli Lilly's new experimental obesity drug is getting closer to the finish line, and P.R. Sydney Lopkin reports. Eli Lilly is studying red a true tide, which is part of the next generation of obesity drugs currently being studied.
While we gov and step-down target the GLP-1 hormone, this new drug works on three hormones. GLP-1, G-I-P, and Glucagan. New trial results show patients with severe obesity and cardiovascular disease, taking the highest dose of red a true tide lost up to an average of 56 pounds over 80 weeks, and patients with obesity and type 2 diabetes lost up to an average of 50 over the same time.
Eli Lilly says it plans to submit the findings to a peer-reviewed medical journal. And although the company had said in May that it was aiming to submit red a true tide for FDA approval by the end of the year, it now says it will do so in the first three months of 2027. City Lopkin and peer news.
Major financial markets in Asia tracking losses on Wall Street, the regional markets down amid a spike in oil prices following increased fighting in the Middle East. During crude, the international standard shot to its highest price since May today and remains above $100 a barrel. This is in PR news.
The last time Antonio May's senior heard from his son, it was in a note, the 16-year-old left in the family's garage. He told me he would not make me cry. Antonio Junior left home to join a protest in Seattle, a week later, he was shot and killed there.
Listen to "We Keep Us Safe" on the Embedded Podcast from NPR.
