This summer on Planet Money Summer School, we're learning about political economy.
We're getting into the nitty gritty of what government does with things like trade,
taxes, immigration and healthcare.
So politics and economics, which are taught separately, they shouldn't be separated at all.
I think you have to understand one to really appreciate the other.
So what is the right amount of government in our lives?
Tune into Planet Money Summer School from NPR, wherever you get their podcasts.
Live from NPR News in Washington, I'm Corva Coleman.
President Trump says the U.S. has reached trade agreements with three countries,
Japan, Indonesia, and the Philippines.
The deals come ahead of Trump's deadline next week.
If other nations don't strike independent trade agreements with the U.S.,
Trump will impose significant new tariffs on them.
Economists say the tariffs will prompt manufacturers to pass higher costs onto American consumers.
Treasury Secretary Scott Besant says that's not fully happening.
Who pays the tariffs is a choice,
and what we've seen thus far is that the manufacturers are eating a substantial portion of the tariffs and taking it into their profit margins.
He spoke to MSNBC.
This week, automakers Stellantis and GM reported sharply lower profits in their latest quarters.
Company officials cited the Trump tariffs.