Say goodbye to affordable clothing
Marketplace All-in-One
Marketplace
4.8 • 1.3K Ratings
🗓️ 23 April 2025
⏱️ 27 minutes
🧾️ Download transcript
Summary
Trump’s tariffs will touch the vast majority of industries, but apparel — clothes, shoes, accessories — will be particularly impacted. Around 98% of clothing sold in the U.S. is imported, primarily from China. In this episode, we look at how tariffs have complicated the apparel supply chain. In short? Even fast fashion may no longer be cheap. Plus: The services sector braces for tariff-induced stings, home sales rose in March and a community bank CEO talks handling uncertainty.
Transcript
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| 0:00.0 | If you've shopped online, chances are you've bought from a business powered by Shopify. |
| 0:05.6 | You know that purple shop pay button you see at checkout? |
| 0:08.4 | The one that makes buying so incredibly easy? |
| 0:11.1 | That's Shopify. |
| 0:12.1 | And there's a reason so many businesses sell with it, |
| 0:15.0 | because Shopify makes it incredibly easy to start and run your own business. |
| 0:19.8 | Shopify is the commerce platform behind millions of |
| 0:22.2 | businesses around the world, from household names like Mattel and Jimshark to brands just getting |
| 0:26.8 | started. If you want to see less carts being abandoned, it's time for you to head over to Shopify. |
| 0:32.8 | Sign up for a one pound per month trial and start selling today at Shopify.co.com. |
| 0:37.9 | UK slash Marketplace 22. |
| 0:40.6 | Go to Shopify.com. |
| 0:42.3 | UK slash Marketplace 22. |
| 0:47.9 | Apologies in advance, but we've got to do a little math to get going today. |
| 0:53.7 | From American Public Media, this is Marketplace. |
| 1:03.0 | In Los Angeles, I'm Kyle Rizzdahl. |
| 1:07.4 | It is Wednesday today. |
| 1:09.1 | It's what the third of April. |
| 1:10.6 | It is always to have you along, everybody. |
| 1:13.4 | Take 145. Cut it in half. More than half, actually. What are you got? What you've got, according to reporting today in the Wall Street Journal, is that perhaps soon to be new tariff rate on most Chinese imports to this |
| 1:27.6 | economy. The journal stresses President Trump hasn't made an actual decision yet, but the paper says |
| 1:33.0 | the new rate could be somewhere between 50 and 60%. To be clear, that would still be an astronomically |
... |
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