Another turn in Trump's economic policy

By Miles Parks,

Scott Horsley, Domenico Montanaro, Susan Davis

Published May 23, 2025 at 4:03 PM EDT

President Trump announced plans to levy 50 percent tariffs on goods imported from the European Union, and on iPhones not made in the U.S., causing stock markets to tumble. We look at the impact of the president's shifting trade policies on the market.

Then, the challenges of bringing some manufacturing jobs to the U.S., and we bid farewell to a podcast stalwart.

This podcast: voting correspondent Miles Parks, chief economics correspondent Scott Horsley, senior political editor and correspondent Domenico Montanaro, and political correspondent Susan Davis.

This podcast was produced by Lexie Schapitl & Casey Morell, and edited by Casey Morell. Our executive producer is Muthoni Muturi.

Listen to every episode of the NPR Politics Podcast sponsor-free, unlock access to bonus episodes with more from the NPR Politics team, and support public media when you sign up for The NPR Politics Podcast+ at plus.npr.org/politics.

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Miles Parks

Miles Parks is a reporter on NPR's Washington Desk. He covers voting and elections, and also reports on breaking news.

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Scott Horsley

Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.

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Domenico Montanaro

Domenico Montanaro is NPR's senior political editor/correspondent. Based in Washington, D.C., his work appears on air and online delivering analysis of the political climate in Washington and campaigns. He also helps edit political coverage.

See stories by Domenico Montanaro

Susan Davis

Susan Davis is a congressional correspondent for NPR and a co-host of the NPR Politics Podcast. She has covered Congress, elections, and national politics since 2002 for publications including USA TODAY, The Wall Street Journal, National Journal and Roll Call. She appears regularly on television and radio outlets to discuss congressional and national politics, and she is a contributor on PBS's Washington Week with Robert Costa. She is a graduate of American University in Washington, D.C., and a Philadelphia native.

See stories by Susan Davis