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 Giles Snyder.
President Trump is due to meet the president of the European Commission,
the European Union's executive arm at his golf course in Scotland.
Terry Schultz reports the EU is hoping the meeting clinches a trade agreement averting huge tariffs on European exports to the US.
With Trump's deadline of August 1st for a tariff of 30% hanging over their heads,
an EU negotiating team led by Commission President Ursula von der Leyen has traveled to Scotland.
Scotland aiming to make a deal.
Months of talks have failed to accomplish that,
although EU officials say they're cautiously optimistic an agreement on 15% tariffs is possible.
European steel and aluminum would likely still be subject to a 50% import duty,
as Trump has indicated he won't budge on that.
Speaking as he left Washington, the president put the chances of success at 50-50.
Preparing for the possibility that talks fail,