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Live from NPR News in Washington, I'm Giles Snyder.
President Trump is spending the weekend at Mar-a-Lago following a week in which global stock markets plummeted.
They declined further yesterday
after China responded to President Trump's tariffs
with additional tariffs of 34% on US products.
Trump has pledged not to change course.
Here's NPR's Scott Horsley.
Part of the president's stated goal here
is to encourage more domestic manufacturing
and certainly tariffs along with low taxes and limited regulation can help to foster that but
another thing factory owners look for is a stable predictable business
environment and as economist Ernie Tedeschi of the Yale Budget Lab says
nothing about the last few weeks would suggest that's what they'll find in the
United States right now. A baseline tariff of 10% on all foreign imports to
the US took effect overnight.
Companies that rely on cross-border supply chains are relieved Mexico largely escaped
President Trump's new tariffs.
Goods that comply with the U.S.-Mexico trade agreement are exempt, as Angela Kachariga,
Member Station KTEP, reports.
On the border, warehouse and customs brokerage services have been in higher demand.
Some companies have moved more products into the U.S. ahead of new tariffs.
Uncertainty leading up to the latest tariffs has slowed growth on both sides of the U.S.-Mexico
border.
Octavio Saavedra is president of EP Logistics, which has operations in both countries.
And has stopped the investment in this area.
Because whatever goes into Mexico here in Juarez,
there's a huge investment also in the El Paso side, in the U.S. side.
EP Logistics' massive warehouses offer a glimpse of the kinds of goods
in cross-border manufacturing supply chains,
including electronic components and auto parts.
For NPR News, I'm Angela Cocheregan El Paso.
The debate over President Trump's tax cuts is now moving to the House.
Overnight, Senate Republicans approved a budget blueprint that extends Trump's 2017 cuts and
sharply reduces government spending.
With cleanup underway in parts of Tennessee hit by deadly tornadoes, more severe weather
in the forecast for the region as Mariana Buckeout, Member Station WPLN reports.
Some areas of Tennessee are expected to get up to eight inches of rain through the weekend,
which could lead to flash flooding.
Patrick Sheehan, director of the Tennessee Emergency Management Agency, says the flooding
could be worse than what hard-hit areas have already experienced this week.
We do expect that much of Tennessee will experience or be near severe weather and flooding is
almost guaranteed to happen or be worsened from what we're experiencing right now.
Damaging winds will be the main concern when storms are strongest Saturday afternoon.
The National Guard is
stationed across the state and ready for potential rescue missions.
For NPR News, I'm Mary Anna Bacca-Yau in Nashville.
And you're listening to NPR News.
Ukraine says Russia is spreading misinformation about an attack on President Volodymyr Zelensky's
hometown. The Russian Defense Ministry says a missile attack
targeted a military meeting.
Ukraine, however, says the missile hit
a residential neighborhood, killing at least 18 people,
including nine children.
Some encouraging news released yesterday
for Bruce Springsteen fans.
This summer, The Boss will put out a collection
of seven previously unreleased albums.
And Piero Sissilello Gomez Sarmiento has more.
Bruce Springsteen has announced that tracks two, The Lost Albums,
will include dozens of previously unheard songs, including this one, Rain in the River.
That's a song from an unreleased 2018 album. But the entire collection will span as far back as four decades.
And it will connect the dots between some of Springsteen's most notable projects, like
Nebraska and Born in the USA.
Lauren Anke is a professor of music at George Washington University.
She says,
Every little piece that can be revealed tells us more about his work as a songwriter and
as a singer.
Isabella Gomez-Tarmiento, NPR News.
One of Britain's biggest sporting events of the year is being run today, the Grand National Horse Race,
being held at Aintree in northwest England. It's a steeplechase, and I am Maximus could become just the second horse since the 1970s to win the race back to back.
The Grand National was drawing protests from animal rights activists. Two years ago, they delayed the race back to back. The Grand National is drawing protests from animal rights activists.
Two years ago, they delayed the race by 15 minutes after scaling the fence around the
course's perimeter and getting onto the track.
I'm Giles Snyder.
This is NPR News.