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Why Trump's potential tariffs are making business owners anxious
Published 1 year, 1 month ago
Description
A freshly re-inaugurated President Trump is reportedly considering making his first moves on tariffs: a 10% tariff on Chinese imports and a 25% tariff on imports from Canada and Mexico, both of which he says could start as early as next week.
If the U.S. slaps tariffs on foreign products, U.S companies that import foreign goods, and their customers, will bear the cost. But, before any of that happens, businesses can also face a less tangible cost—uncertainty.
Today on the show, we hear from a couple business owners who experienced Trump's first trade war. And we'll learn how the uncertainty from tariffs, or just the threat of them, can have ripple effects throughout the economy.
Related episodes:
How Trump's tariffs plan might work
Trump's contradictory trade policies
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If the U.S. slaps tariffs on foreign products, U.S companies that import foreign goods, and their customers, will bear the cost. But, before any of that happens, businesses can also face a less tangible cost—uncertainty.
Today on the show, we hear from a couple business owners who experienced Trump's first trade war. And we'll learn how the uncertainty from tariffs, or just the threat of them, can have ripple effects throughout the economy.
Related episodes:
How Trump's tariffs plan might work
Trump's contradictory trade policies
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
To manage podcast ad preferences, review the links below:
See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy