Tariffied! We check in on businesses

The Indicator from Planet Money

NPR

Business

4.7 • 9.2K Ratings

🗓️ 7 April 2025

⏱️ 11 minutes

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Summary

Trump's wave of tariffs is here. Just about everyone in the world of business is still processing exactly what this means. It's a massive, widespread increase in taxes. Today on the show, we hear from business people we've had on the show who tell us what they're doing in response to the latest, and largest, wave of tariffs.

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Transcript

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0:00.0	NPR.
0:02.0	This is the indicator from Planet Money.
0:13.3	I'm Whalen Wong.
0:14.6	And Diane Woods.
0:15.5	And I'm Adrienne Ma.
0:16.6	After last week's tariff announcement, almost anyone involved in business is still processing the news.
0:23.7	This is an extraordinarily steep and widespread increase in taxes.
0:28.5	And it's not clear if tariff rates are here to stay or are some kind of opening salvo in trade negotiations.
0:35.0	And that's before we even start on retaliatory tariffs from other
0:39.1	countries. Yeah. And if you are an American business importing goods from another country,
0:44.8	whether it's China, Switzerland, Nicodagua, I mean, really just throw a dart at the map.
0:50.8	Chances are you are going to have to pay more tariffs. If you are on an island that is only
0:55.7	penguins, you're going to be hit by these tariffs. Even the penguins, that's true. Throw
0:59.9	dart at a penguin and that penguin will be tariffed. Now, we have spoken to a lot of business
1:04.1	people on our show ahead of these anticipated tariffs. So how are they reacting now that the big
1:10.3	tariffs are here? Today on the show,
1:12.3	they tell us how they're feeling about the latest and largest wave of tariffs.
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