Up First from NPR
Global Economic Forecast Dims, Ukraine Peace Talks, Pope Francis Lies In State
23 Apr 2025
Economists warned about an economic slowdown on the horizon for most countries around the world in the wake of century-high US tariffs. European, Ukrainian and U.S. officials meet in London for peace talks on Russia's war on Ukraine, and crowds began lining up at Saint Peter's Basilica in the Vatican to pay their last respects to Pope Francis.Want more comprehensive analysis of the most important news of the day, plus a little fun? Subscribe to the Up First newsletter.Today's episode of Up First was edited by Rafael Nam, Kevin Drew, Ryland Barton, Janaya Williams and Arezou Rezvani. It was produced by Ziad Buchh, Nia Dumas and Christopher Thomas. We get engineering support from Damian Herring. And our technical director is Carleigh Strange.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
Full Episode
A Massachusetts man runs a business making high-end board games in China.
Or rather, he did. So we're in survival mode right now. What's the Trump administration doing to avoid the economic damage of the president's trade war?
I'm Steve Inskeep with A. Martinez, and this is Up First from NPR News. Western European nations want more support for Ukraine. They're meeting today in London as the U.S. pushes for a ceasefire in Russia's invasion. How much territory is the United States pressing Ukraine to give up?
And more orders lined up before dawn at St. Peter's Basilica to visit Pope Francis as he lies in state and pay their final respects.
I want to see him alive, but I would love to at least see his body. But I'm praying for him. My soul is with him.
Stay with us. We've got all the news you need to start your day. We don't know how the U.S. will get out of a trade war, but the Trump administration jolted markets yesterday just by admitting the problem.
The Treasury Secretary told business leaders that the U.S. and China need some way out of triple-digit tariffs. Multiple forecasts are calling for sharply lower economic growth. The International Monetary Fund is the latest. It tracks the world economy and sees economic trouble for the globe.
For more on what this means in the U.S., we're joined by NPR's Scott Horsley. So, Scott, I mean, the U.S. economy seemed to be chugging right along before the president launched his trade war.
How does it look now? Yeah, not so strong. The IMF lowered its forecast for GDP growth in the U.S. by almost a full percentage point as a result of that trade war. Businesses and consumers in the U.S. now have to pay an extra tax on almost everything we import.
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