U.S. troop withdrawal, EU auto tariffs, Spirit collapses and Banksy

U.S. troop withdrawal, EU auto tariffs, Spirit collapses and Banksy

May 2, 2026 · 13 min

About this episode

The episode discusses the U.S. troop withdrawal from Germany, EU auto tariffs, the collapse of Spirit Airlines, and a new Banksy statue in London.

The Pentagon says its pulling 5,000 troops from Germany, while the White House is fast-tracking $8.6 billion in weapons sales to Israel and Middle East allies, bypassing Congress. U.S. President Donald Trump is raising tariffs on EU cars and trucks to 25%. Al Qaeda-linked insurgents have seized territory in Mali, threatening Russia's influence in West Africa. Spirit Airlines is shutting down following the economic shock of the Iran war. Plus, a new Banksy statue appears in London. Watch the latest On Assignment podcast episode: Inside Chornobyl. Listen to On Assignment podcast episode In Search of Banksy. Listen to the Morning Bid podcast ⁠⁠here⁠⁠. Sign up for the Reuters Econ World newsletter ⁠⁠here⁠⁠. Listen to the Reuters Econ World podcast ⁠⁠here⁠⁠. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

Topics covered

Keywords

Mentioned in this episode

Organizations: Pentagon, White House, Israel, Al Qaeda, Spirit Airlines

Books & works: Banksy

Places: Germany, Mali, West Africa, London

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