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What happens when an economist becomes prime minister?

Canada's Prime Minister Mark Carney speaks at a news conference about the US tariffs on Parliament Hill in Ottawa on April 3, 2025. DAVE CHAN/Getty Images hide caption

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DAVE CHAN/Getty Images

The Indicator from Planet Money

What happens when an economist becomes prime minister?

Today on the show, we meet Canada's new Prime Minister, economist Mark Carney.

What happens when an economist becomes prime minister?

Listen · 9:29
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President Trump answers a reporters question during a meeting with Israeli Prime Minister Benjamin in the Oval Office of the White House on April 7.

President Trump answers a reporters question during a meeting with Israeli Prime Minister Benjamin in the Oval Office of the White House on April 7. Kevin Dietsch/Getty Images hide caption

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Kevin Dietsch/Getty Images

Analysis

Politics

Mixed messages on tariffs raise scrutiny on Trump aides

President Trump is boasting about the wheeling and dealing he's doing to cut deals on steep new tariffs. But for weeks, his aides have insisted that tariffs were not a bargaining chip.

Mixed messages on tariffs raises scrutiny on Trump aides

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Iranian Supreme Leader Ayatollah Ali Khamenei waves to the crowd in Tehran, Iran, March 31.

Iranian Supreme Leader Ayatollah Ali Khamenei waves to the crowd in Tehran, Iran, March 31. Office of the Iranian Supreme Leader/AP hide caption

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Office of the Iranian Supreme Leader/AP

Middle East crisis — explained

Iran insists on 'indirect' talks with the U.S., refuting Trump

Iran says it will have indirect talks with the U.S. Saturday in Oman, opening possible diplomacy over Iran's nuclear program but revealing a potential sticking point about the format for negotiating.

What's so bad about a trade deficit?
Brendan Smialowski/AFP via Getty Images

The Indicator from Planet Money

What's so bad about a trade deficit?

President Trump claims a main goal of his crippling tariffs is to address the U.S. trade deficit. So is the U.S. trade deficit a problem? On today's show, why we'll never have a trade surplus with every single country; what the benefits of a trade deficit are; and whether or not the trade deficit affects jobs.

What's so bad about a trade deficit?

Listen · 9:06
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A man writes a slogan on a portrait of the U.S. President Donald Trump during a rally commemorating anniversary of Iran's 1979 Islamic Revolution that toppled the late pro-U.S. Shah Mohammad Reza Pahlavi and brought Islamic clerics to power, in Tehran, Iran, Monday, Feb. 10, 2025. Trump says the U.S. and Iran will have direct nuclear talks soon.

A man writes a slogan on a portrait of the U.S. President Donald Trump during a rally commemorating anniversary of Iran's 1979 Islamic Revolution that toppled the late pro-U.S. Shah Mohammad Reza Pahlavi and brought Islamic clerics to power, in Tehran, Iran, Monday, Feb. 10, 2025. Trump says the US and Iran will have direct nuclear talks soon. Vahid Salemi/AP/AP hide caption

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Vahid Salemi/AP/AP

Middle East

The U.S. will hold direct, high-level talks with Iran, Trump says

It's been more than a decade since the two powers have had direct talks. President Trump offered few details about what the talks would entail, or when they'd be scheduled.

Israeli Prime Minister Benjamin Netanyahu meets with President Trump in the Oval Office of the White House, Feb. 4, in Washington, D.C.

Israeli Prime Minister Benjamin Netanyahu meets with President Trump in the Oval Office of the White House, Feb. 4, in Washington, D.C. Evan Vucci/AP hide caption

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Evan Vucci/AP

Middle East crisis — explained

Netanyahu is meeting with Trump to discuss Israeli hostages in Gaza and U.S. tariffs

It's Israeli Prime Minister Benjamin Netanyahu's second visit to the White House since President Trump took office this year, and comes as Israel's war against Hamas in Gaza hits the 18-month mark.

President Trump holds up a chart while speaking during a trade announcement event in the White House Rose Garden on April 2.

President Trump holds up a chart while speaking during a trade announcement event in the White House Rose Garden on April 2. Chip Somodevilla/Getty Images hide caption

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Chip Somodevilla/Getty Images

Analysis

Politics

A hot seat for Musk, the trade war and third-term talk: Takeaways from the week

A GOP electoral warning points to Elon Musk in the hot seat, and President Trump employed a third-term distraction. Also, a trade war rages, and there were mass firings at key scientific agencies.

A 2024 file photo of TikTok's offices in Culver City, Calif. The popular social app's fate could be decided in the coming days as it seeks a buyer to comply with a federal law that it divest itself of Chinese ownership.

A 2024 file photo of TikTok's offices in Culver City, Calif. The popular social app's fate could be decided in the coming days as it seeks a buyer to comply with a federal law that it divest itself of Chinese ownership. Mario Tama/Getty Images hide caption

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Mario Tama/Getty Images

Technology

As deadline nears, the White House considers leasing TikTok's algorithm from China

Ahead of a self-imposed April 5 deadline, the Trump administration is close to clinching a deal with Oracle to oversee TikTok's U.S. operations.

White House reviewing TikTok proposal to lease algorithm from China

Listen · 3:15
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Elon Musk, chief executive officer of Tesla Inc., wears a cheese head hat while arriving for an America PAC town hall ahead of the Wisconsin Supreme Court election at the KI Convention Center in Green Bay, Wisc., on March 30.

Elon Musk, chief executive officer of Tesla Inc., wears a cheese head hat while arriving for an America PAC town hall ahead of the Wisconsin Supreme Court election at the KI Convention Center in Green Bay, Wisc., on March 30. Jamie Kelter Davis/Bloomberg via Getty Images hide caption

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Jamie Kelter Davis/Bloomberg via Getty Images

Analysis

Politics

5 takeaways from Tuesday's elections, including bad news for Elon Musk

Democrats can take yesterday's elections as one of the first bits of good news they've had in months. But there are lots of issues that are still center-right, including immigration.

5 takeaways from Tuesday’s elections, including bad news for Elon Musk

Listen · 4:14
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In this photo, Vice President Vance is seated on the right side of a long table. His wife is seated next to him. U.S. service members wearing uniforms sit at the table's other seats. They all have food and drinks on cafeteria trays in front of them.

Vice President Vance (at right), seated next to second lady Usha Vance, eats at a table with service members at the U.S. military's Pituffik Space Base, in Pituffik, Greenland, on March 28. Jim Watson/Pool/Getty Images hide caption

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Jim Watson/Pool/Getty Images

Politics

Vance tells Greenlanders they'd be better off being part of the United States

Vice President Vance toured a U.S. military base in Greenland on Friday and blasted Denmark for not investing enough in the territory.

President Trump speaks at the White House on Thursday, when he signed an executive order targeting WilmerHale, marking the latest expansion of the president's campaign against law firms tied to his political enemies or investigations into his actions.

President Trump speaks at the White House on Thursday, when he signed an executive order targeting WilmerHale, marking the latest expansion of the president's campaign against law firms tied to his political enemies or investigations into his actions. Chris Kleponis/CNP/Bloomberg via Getty Images hide caption

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Chris Kleponis/CNP/Bloomberg via Getty Images

Law

In back-to-back rulings, federal judges rule against Trump orders targeting law firms

The firms Jenner and Block and WilmerHale sued President Trump over executive orders targeting the firms for their clients and work, saying they undermine the overall legal system.

President Donald Trump, National Security Adviser Michael Waltz, Vice President JD Vance and Defense Secretary Pete Hegseth listen to a question from a reporter during a meeting in the Oval Office of the White House on March 13.

President Donald Trump, National Security Adviser Michael Waltz, Vice President JD Vance and Defense Secretary Pete Hegseth listen to a question from a reporter during a meeting in the Oval Office of the White House on March 13. Andrew Harnik/Getty Images hide caption

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Andrew Harnik/Getty Images

Analysis

Politics

Signal chat fallout, tariff tension — and 3 more takeaways from Trump's week

Here, five takeaways from a week when the Trump administration has had to deal with the Signal chat leak, announced new tariffs and made more deportations.

President Trump speaks during a meeting with NATO Secretary General Mark Rutte in the Oval Office of the White House on Thursday in Washington, D.C. On Saturday, Trump invoked a 1790s law declaring members of Tren de Aragua to be alien enemies for immediate detention and removal from the U.S.

President Trump speaks during a meeting with NATO Secretary General Mark Rutte in the Oval Office of the White House on Thursday in Washington, D.C. On Saturday, Trump invoked a 1790s law declaring members of Tren de Aragua to be alien enemies for immediate detention and removal from the U.S. Andrew Harnik/Getty Images hide caption

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Andrew Harnik/Getty Images

National

Federal judge blocks Trump's plan to target 'alien enemies' for deportation

Trump invoked the wartime authority Alien Enemies Act, targeting members of Venezuelan gang Tren de Aragua for expedited deportation. But a federal judge blocked the action Saturday evening.

President Trump speaks at the Justice Department on Friday.

President Trump speaks at the Justice Department on Friday. Andrew Harnik/Getty Images hide caption

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Andrew Harnik/Getty Images

Politics

Trump reclaims a Justice Department reshaped in his wake

The rare speech at the Justice Department comes as the Trump administration has spent the last several weeks trying to reconfigure the agency, including demoting attorneys who worked on cases related to the Jan. 6 attack on the U.S. Capitol, and firing officials who investigated the president himself.

Trump vows to crack down on crime in remarks at DOJ

Listen · 3:48
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President Trump speaks to the press as he meets with NATO Secretary General Mark Rutte in the Oval Office of the White House in Washington, DC, on Thursday.

President Trump speaks to the press as he meets with NATO Secretary General Mark Rutte in the Oval Office of the White House in Washington, DC, on Thursday. Mandel Ngan/AFP via Getty Images hide caption

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Mandel Ngan/AFP via Getty Images

Analysis

Politics

Trump says the U.S. is in a 'period of transition' — and more takeaways from this week

This week, President Trump continued to threaten tariffs as DOGE continued its cuts of the federal workforce. It was another consequential and news-packed week in Trump's presidency.

Russian President Vladimir Putin speaks during a joint news conference with Belarusian President Alexander Lukashenko following their talks at the Grand Kremlin Palace in Moscow, Russia, Thursday.

Russian President Vladimir Putin speaks during a joint news conference with Belarusian President Alexander Lukashenko following their talks at the Grand Kremlin Palace in Moscow, Russia, Thursday. Alexander Zemlianichenko/AP hide caption

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Alexander Zemlianichenko/AP

Ukraine invasion — explained

Putin voices doubts over a U.S.-proposed ceasefire with Ukraine, and sets conditions

Russia's president welcomed the idea of a ceasefire but warned Ukraine might use a 30-day truce to regroup and questioned how it would be enforced, as President Trump's envoy visited Moscow.

Supporters of Mahmoud Khalil rally outside the United States District Court for the Southern District of New York in Manhattan on March 12, 2025.

Supporters of Mahmoud Khalil rally outside the United States District Court for the Southern District of New York in Manhattan on March 12, 2025. Adrian Florido/NPR hide caption

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Adrian Florido/NPR

National

Federal judge hears challenge to Mahmoud Khalil's detention

The Trump administration has accused Khalil of engaging in anti-Semitic activity and support of Hamas. The administration wants Khalil deported. But he's a legal permanent resident, and his attorneys deny any involvement with the terrorist group.

Federal judge hears challenge to Mahmoud Khalil’s detention

Listen · 3:56
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Canadian and American flags fly on the Canadian side of the Ambassador Bridge in Windsor, Ontario, on March 8. President Trump imposed vast tariffs this week on key partners Canada and Mexico, roiling cross-border ties before offering temporary relief to manufacturers -- but with more levies kicking in next week, the respite may be fleeting.

Canadian and American flags fly on the Canadian side of the Ambassador Bridge in Windsor, Ontario, on March 8. Geoff Robins/AFP via Getty Images hide caption

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Geoff Robins/AFP via Getty Images

Politics

Trump backs off of Canada tariff hike as Ontario lets up on electricity threat

President Trump tussled with Canada over tariffs on Tuesday as hikes against steel and aluminum imports are set to take effect.

Trump backs off of Canada tariff hike as Ontario lets up on electricity threat

Listen · 3:38
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