Jim Zarroli

Jim Zarroli is a business reporter for NPR News, based at NPR's New York bureau.

He covers economics and business news including fiscal policy, the Federal Reserve, the job market and taxes

Over the years, he's reported on recessions and booms, crashes and rallies, and a long string of tax dodgers, insider traders and Ponzi schemers. He's been heavily involved in the coverage of the European debt crisis and the bank bailouts in the United States.

Prior to moving into his current role, Zarroli served as a New York-based general assignment reporter for NPR News. While in this position he covered the United Nations during the first Gulf War. Zarroli added to NPR's coverage of the aftermath of Hurricane Katrina, the London transit bombings and the September 11, 2001 attacks on the World Trade Center.

Before joining the NPR in 1996, Zarroli worked for the Pittsburgh Press and wrote for various print publications.

Zarroli graduated from Pennsylvania State University.

Trade negotiators for the United States, Canada and Mexico are running out of time to complete an overhaul of the North American Free Trade Agreement, making it likely the effort won't be completed this year.

The failure to complete the deal would be a political setback for President Trump, who has repeatedly vowed to scrap NAFTA and replace it with something better.

House Speaker Paul Ryan has said that under timetables imposed by a 2015 law, the three countries need to complete a deal by Thursday if Congress is to pass a new treaty before the November midterm elections.

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Updated at 12:29 p.m. ET Thursday

A judge in New York has ruled that residents of Trump Place, a condominium building on Manhattan's West Side, have the right to remove President Trump's name from the building if enough of them approve of it.

The ruling by New York Supreme Court Judge Eileen Bransten marks a defeat for the Trump Organization, which had argued that removing the name would violate the building's licensing agreement.

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In the struggling canned goods industry, Pacific Coast Producers is a survivor, taking some 700,000 tons of fruit grown by California farmers each year and canning it for sale in supermarkets and large institutions such as hospitals.

This year the company, based in Lodi, Calif., is facing another challenge that promises to make turning a profit that much harder: President Trump's tariffs on steel imports.

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Massachusetts-based American Superconductor seemed to be riding high in early 2011, reaping strong sales and even praise from the White House for successfully cracking the Asian import markets.

Then, one day that April, employees were called to a meeting where they heard some very disturbing news.

Their largest customer, Beijing-based Sinovel, which provided three-quarters of the company's revenue, had refused to accept a shipment of electronic components for its wind turbines — and wouldn't pay millions of dollars it owed for them. The reasons it gave were ambiguous.

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Tech stocks were a growth engine for the market when the economy was tepid, but recently they've been sputtering and their troubles are helping drag the entire market lower.

Some of the biggest names in technology have been swooning.

Worries about a possible trade war helped send stock prices down sharply Thursday, with the Dow Jones industrial average losing nearly 3 percent of its value.

The Dow finished at 23,598, a decline of 724 points. The drop left both the Dow and the Standard and Poor's 500 index in negative territory for the year.

For all his harsh rhetoric about unfair trade practices by China, President Trump stopped short of taking any punitive actions against Beijing during his first year in office.

But that may be about to change.

When President Trump announced tariffs on steel and aluminum imports this month, he said protecting the two industries was vital for national security.

"We want to build our ships. We want to build our planes. We want to build our military equipment with steel, with aluminum from our country," he said at a March 8 White House news conference.

In other words, the U.S. military should be as self-sufficient as possible, and not rely on other countries to supply the essential materials it needs for defense.

When President Trump announced plans to impose tariffs on steel and aluminum imports last week, he made clear he views a healthy steel industry as vital to the economic and military success of the United States.

But the industry is under threat from steelmakers in competing countries, especially China, which has emerged as by far the largest and most powerful producer on earth.

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As the Trump administration sees it, U.S. steel and aluminum industries are in crisis, rapidly losing ground to foreign competitors and hemorrhaging jobs along the way.

But proposed import tariffs and quotas have other manufacturers worried that they'll become less competitive in the global marketplace.

How the administration responds to the problem is something Mark Vaughn is watching very closely.

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The dramatic swings we've been seeing in the markets since late last week kept going today. Here's what was happening early this morning before U.S. markets opened.

(SOUNDBITE OF MEDIA MONTAGE)

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Updated at 5:15 p.m. ET

The stock market finished the day sharply higher, but only after another session of wild price swings.

The Dow Jones industrial average closed at 24,912.77, an increase of 567 points, or 2.3 percent. But it began the day down sharply, with triple-digit losses.

Other major U.S. stock indexes also rebounded Tuesday, with the S&P 500 finishing up 46 points, or 1.7 percent, and the Nasdaq up 148 points, or 2.1 percent.

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