meta_pixel
Tapesearch Logo
Plain English with Derek Thompson

A Toy Manufacturer Explains How Trump’s Tariffs Could Crush His Industry

Plain English with Derek Thompson

The Ringer

News Commentary, News

4.81.8K Ratings

🗓️ 17 April 2025

⏱️ 33 minutes

🧾️ Download transcript

Summary

In the past three weeks, we've spoken to economists about the tariffs. We’ve spoken to a historian about the Smoot-Hawley Tariff Act and the 100-year legacy of American protectionism. We've spoken to supply chain expert Jason Miller from Michigan State about why China is set up to win the upcoming trade war. But the voice we haven’t heard is the voice of business. People who run companies are screaming at whoever will listen that the White House agenda will decimate business and plunge their industries into a recession. Today’s guest is Molson Hart. He’s run a manufacturing business in the U.S. for the last 15 years. His company, Viahart, manufactures consumer products in China, Indonesia, and Vietnam and sells them both in stores and online—mostly in the U.S. His biggest vertical is toys, including Brain Flakes, which are molded plastic disks that kids and adults can snap together to build things. This is not a bleeding-heart lefty. Quite the opposite: This is a guy who is rooting for the Trump agenda to succeed. This is a guy who told me in our interview he wants to believe that the Trump team has its heart in the right place when it comes to bringing back manufacturing in the long run. And yet he has called these tariffs not just a bad idea … but the worst economic policy in American history. I spoke to him this week, and he was just incredibly compelling and thoughtful about the toy industry, why it’s so difficult to bring back American manufacturing quickly, and how these tariffs could do incredible damage to America’s small businesses. So we’ve decided to rush out this interview a little sooner than we intended, in part because it’s great and in part because this news story is moving so quickly, it’s hard to know what reality will even look like next week. If you have questions, observations, or ideas for future episodes, email us at [email protected]. Host: Derek Thompson Guest: Molson Hart Producer: Devon Baroldi Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

All right, my birdie buddies, my car saving pals.

0:03.8

My eagle enthusiast, it's Joe House here.

0:06.3

Major season is finally upon us.

0:10.1

The Masters, the PGA Championship, the U.S. Open, the Open Championship,

0:15.1

and Fairway Rowan is here to break down all of the storylines.

0:20.3

Offer a little help on those betting cards for every

0:24.5

single major this golf season. Join me and our incomparable accomplice, our tour boots on the

0:32.6

ground, Nathan Hubbard, as we guide you from Augusta all the way to Northern Ireland.

0:38.7

Royal Port Rush, away we go.

0:43.7

Here's the truth about AI.

0:46.1

AI is only as powerful as the platform it's built into.

0:49.7

Service Now puts AI to work for people across your business.

0:53.6

Removing friction and frustration for your employees, supercharging productivity for your developers, providing intelligent tools for your service agents to make customers happier, all built into a single platform you can use right now. That's why the world works with ServiceNow.

1:10.5

Visit ServiceNow.com slash UK slash AI for people.

1:14.2

I'm making a robot head with an Amazon box.

1:17.3

I've painted it silver and Daddy help me make...

1:19.6

At Amazon, we're actually using paper bags for more of our deliveries.

1:22.8

And now I'm making a paper hot air balloon

1:24.9

and I even made a little brown basket

1:27.4

and I'm making a dog that looks just like, and I even made a little brown basket,

1:29.7

and I'm making a dog that looks just like Monty.

1:34.1

Just one of the ways we've reduced the weight of our packaging by more than 40% since 2015,

...

Transcript will be available on the free plan in 18 days. Upgrade to see the full transcript now.

Disclaimer: The podcast and artwork embedded on this page are from The Ringer, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Ringer and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.