What Trump's Tariffs Are Already Doing to World Trade
Odd Lots
Bloomberg
4.4 • 1.6K Ratings
🗓️ 7 April 2025
⏱️ 26 minutes
🧾️ Download transcript
Summary
It was just last Wednesday that President Trump announced his new tariff schedule with the rest of the world. And it's already having an effect. Companies are scrambling to get goods on planes or boats to beat the first deadline. Companies are already trying to get out of existing contracts. And some previously planned factory endeavors have even been put on hold. On this episode, we speak with Ryan Petersen, the founder and CEO of Flexport, to talk about what he's already seeing from the perspective of his business. We also talk about how tariffs are operationally implemented, and how things might change if the existing tariffs remain in place.
Read More:
Tariffs Are Dragging Down Even Companies Without US Exports
Jeep Maker Stellantis Offers to Help Suppliers Pay Tariff Costs
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Transcript
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| 0:34.2 | He's just straight evil. |
| 0:35.9 | I was becoming the bridge between Jeremy Scott and the son he'd never known. |
| 0:40.7 | At the end of the day, I'm literally a son of a killer. |
| 0:43.4 | Listen to new episodes of Bone Valley Season 2, starting April 9th on the IHeart Radio app, Apple Podcasts, or wherever you get your podcasts. |
| 0:55.0 | Bloomberg Audio Studios. |
| 0:57.6 | Podcasts Radio News. |
| 1:10.3 | Hello and welcome to another episode of the All Lots podcast. I'm Tracy Allaway. |
| 1:15.4 | And I'm Joe Wisenthall. |
| 1:17.0 | Joe Tariffs. |
| 1:18.4 | One word. |
| 1:19.3 | One word. |
| 1:20.1 | I'm just going to start all the episodes by saying tariffs from now on, at least for the foreseeable future. |
| 1:24.8 | No, there's no other story. There really isn't. It's only tariffs for the foreseeable future. |
| 1:29.5 | And I think, you know, we talked about a little bit last week with Brad. |
| 1:32.9 | I believe plausibly, I don't know in terms of, quote, damage and all that stuff, but plausibly, this is the biggest story of our lives. |
| 1:39.7 | The thing I don't want to say like about the story, but one notable thing about this story is it hits both markets, which you and I have been financial journalists for a very long time, as well as the real world economy, right? |
| 1:54.3 | And we kind of got really into that during the pandemic when we saw all these supply chain disruptions, ports, rerouting ships and things like that. |
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