Tariffs on about $20 billion worth of U.S. imports to Canada are officially in effect today. The import duties are Canada’s response to tariffs imposed by the Trump administration last month and a sign that the renewed trade war with the United States’ second-largest trading partner is nowhere near an end. This morning, we explain Canada's tariffs, put them into context, and discuss their market impacts. Also: the long-term effects of financially supporting your parents.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Today, the New York Fed will release its monthly Survey of Consumer Expectations, which will provide data points the central bank’s Open Market Committee will use to decide whether to raise interest rates to tamp down inflation. We have a preview this morning. Then, we head to a Philadelphia farmers market to hear how customers and local lettuce growers have been responding to the cyclospora outbreak.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Stories covered in this episode:How inflation expectations can fuel rising prices“You’re out right away”: Lettuce sells fast at farmers' markets amid cyclospora outbreak

U.S. bond markets are closed today for the Labor Day holiday, but we're continuing to track the global bond sell-off. However, is this a sell-off or more of a normalization? We'll set the scene for current movements in the bond market and try to paint a picture of what lies ahead. Then, as part of our “Clocked Out” series, we'll hear about one woman's transition from clinical research to med school.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Stories covered in this episode: A day in the life of a 32-year-old medical student

Canadian Prime Minister Mark Carney is set to address the European Parliament later this month. Given the ongoing trade war with the U.S, Canada is looking to reduce its dependence on its not-so-neighborly neighbor to the South. But could the trade war push Canada to go so far as to join the European Union? Today, we dig into the likelihood — and consequences — of such a move. But first: trouble in the athleisure industry.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Stories featured in this episode:Why the athleisure market is sweating it outAs its trade relationship with the U.S. atrophies, Canada looks to Europe

The Bureau of Labor Statistics is releasing its August jobs report today. But what the numbers might not show are tens of thousands of people who stopped working last month after losing their work authorization. Many of those who immigrated to the U.S. had their Temporary Protected Status expire at the end of July. We look at why that won’t be reflected in the data this morning before discussing how the NIL landscape is changing the game for college athletes.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

This morning, we’re checking in on wages. A new report from the Cleveland Fed found that a record number of workers legally entitled to the minimum wage were paid below that last year in the 10 most populous U.S. states. We look at that growing problem, before another installment in our “Clocked Out” series follows an interior designer whose career plans were changed by caring for her aging mother.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Tomorrow, the Bureau of Labor Statistics will report how many jobs the U.S. economy added or lost in August. Forecasters expect a slight increase. But this morning, we talk about why that might be an incomplete picture if companies don’t report on time or other events skew the data. Then, KPMG chief economist Diane Swonk joins the show to discuss how those numbers can still reflect the state of the labor market.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

People living in “right-to-work” states make nearly 7% less, on average, than those living in states without them, according to the Economic Policy Institute. That gap has doubled in the past decade. This morning, we look at how state laws impact union membership and wages, more broadly. Also, the story of a veteran who turned to a federal program after losing his sight to glaucoma.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

On this morning's show, "Marketplace Morning Report" host Kimberly Adams is joined by Rachel Rozner, owner and founder of Elden Street Tea Shop in Reston, Virginia. Rozner reflects on how tariffs and inflation have challenged her business. But first, the Commerce Department releases July factory orders today. That data gives us a sense of how manufacturers see future demand. We dig into how manufacturing has been doing so far this year.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Stories covered in this episode:For this tea shop, it's not just tariffs weighing on business

Costs for companies to ship and store goods rose significantly earlier this year after the U.S. and Israel invaded Iran, and they’ve stayed high, according to the Logistics Managers’ Index finds. The index for the combined cost of inventory, warehousing, and transportation has risen 18% this year. What do those higher costs for manufacturers and retailers mean for consumer prices? Plus, a check-in with one small business owner on the tariff refund process.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Stories featured in this episode:The cost of storing and shipping the stuff you buy isn't getting any cheaperFor this tea shop, it's not just tariffs weighing on business